Reconnaissance Mapping Defines Potential New Exploration Targets ON Sangihe
News Release
September 22, 2021 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
RECONNAISSANCE MAPPING DEFINES POTENTIAL NEW EXPLORATION
TARGETS ON SANGIHE
Vancouver, BC - Baru Gold Corp (“Baru” or the "Company”) has, during the past month
on Sangihe, undertaken reconnaissance mapping and sampling prior to the commencement
of the Resource Development drilling program . This effort has identified four new
prospects which could become fut ure exploration drilling targets should t he samples taken
from these prospects return positive assay results.
The four new prospects are known as Darelupang, West Bawone, South west Bawone and
South Salurang.
• The Darelupang prospect is located 300 metres west of the Binebase 2021 Resource
Development Drilling holes. It is defined as a low sulphidation (LS) vein system
composed of a sheeted q uartz vein zo ne of 1.2 metres width within a volcanic breccia
host rock. Textures that are visible on individual veins within this zone ar e vuggy,
zoning, and colloform bending.
• The West Bawone prospect is located 300 metres west of the Bawone 2021 Resource
Development Drilling holes. It is defined as high sulphidation (HS) silica -alunite
system composed of a 1 metre wide hydrothermal bre ccia with chloritic an d hematitic
alteration within a volcanic breccia host rock. The hydrothermal breccia has a
chalcedonic-silica ground mass.
• The South Salurang prospect is located 100 metres south of the current exploration
drilling program planned from Bawone to South of Salurang village and southeast of
the outskirts of S alurang village. It is defined as high sulphidation (HS) silica -alunite
system composed of a 1 metre wide oxidized sheeted- stockwork zone with a density of
10 veinlets/ metre. The veinlets with the stockwork zone have a brecciated texture. At a
separate location in the South Salurang was an outcrop of oxidized vuggy silica rock
with a width of 1.5 metres which consists of a brecciated and vuggy texture.
• The Southwest Bawone prospect is located 1,100 metres southwest of the Bawone 2021
Resource Development Drilling holes. It is defined as a low sulphidation (LS) vein
system composed of a hydrothermal br eccia of 1 metre width with hematitic alteration
within a volcanic breccia host rock. Also sampled at the Southwest Bawone prospect
was a brecciated green silica v ein with hematitic alteration on the clasts , colloform
bending of the veinlets and a chloritic ground mass as shown in Figure 1.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
Figure 1. Brecciated green silica vein from Southwest Bawone prospect.
All outcrops encount ered in these four new prospects have been mapped with grab and
channel samples and have been submitted to the Intertek Laboratory in Jakarta for assay
analysis.
Frank Rocca, Chief Geologist of Ba ru Gold, commented, “All of thes e new prospects
are very exciting as none are included in the resources covered in the Sangihe 2010 NI 43-
101 report which identified 835,000 ounces of gold as inferred resource s; and so, with
further exploration, these resources have the potential to be expanded significantly. Also
important to note, as with the area Baru will soon begin production on, the ne wly explored
areas will not require the relocation of any homes or villages.”
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“Sangihe”) is loc ated on the Indonesian island of Sangihe, off
the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred
mineral resource of 114,700 indicated and 105,0 00 inferred ounces of gold, as reported in
the Company's "Independent T echnical Report on the Mineral Resource Estimates of the
Binebase and Bawone Deposits, Sa ngihe P roject, Nort h Sulawesi, Indonesia" (May 30,
2017). Readers are cautioned that mineral res ources that are not mineral reserves do not
have demonstrated economic via bility. The Company intends to proceed to production
without the benefit of first establishing mineral reserves supported by a feasibility study.
The Company's 70- percent interest in the Sangihe -mineral-tenement Contract of Work
("CoW") is held through PT. Tambang Mas Sangihe (“TMS”). The remaining 30- percent
interest in TMS is held by thre e Indon esian corpor ations. The term of the Sangihe CoW
agreement is 30 years upon commencement of the production phase of the project.
Baru has met all the requiremen ts of the Indonesian government and has been granted its
environmental permit. The Company has received approval for the upgrade of its licence to
advance the Sangihe project to construction and production in late 2021/early 2022.
Note: The Company cautio ns readers that the any production decision made by the Company will
not be based on a NI 43- 101 feasibility study of mineral reserves t hat demonstrates economic and
technical viability and as such, there may be involved increased uncertainty and var ious
technological and economic risks such as the interpretation of drill results; the geology, grade and
continuity of mineral deposits; the possibility that future exploration, development or mining results
will not be consistent with our expectations; c ommodity and currency price fluctu ation; failure to
obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion
factors, permitting and licensing risks; general market and mining exploration risks and production
and economic risks related to design and engineering, manufacturing, technological processes and
test procedures and the risk that the project's output will not be salable at a price that will cover the
project's operating and maintenance costs.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic junior gold developer with NI 43- 101 gold resources
in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia
and North A merica, Baru’s team of mining and finance profes sionals boasts extensive
experience in starting and operating small -scale gold and coal assets. With sufficient funds
and st rong retail and institutional shareholder support, Baru is positioned to become
Indonesia’s next gold producer.
Qualified Person
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geol ogist of Baru Gold Corp.
is the Qual ified Person as defined unde r NI 43-101 who has reviewed and approves the
content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture Exchange nor its Regulation Service s Provider (as that term is
defined i n the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Certain statements in this News Release, wh ich are not historical in nature, constitute
“forward looking statements ” within the mea ning of that phrase under applicable
Canadian securities law. These statements include, but are not limited to, statements or
information concerning future work program s, results and timing of any work pr ograms,
the Company’s perf ormance, or events as of t he date her eof. These statements reflect
management’s current assumptions and expectations and by their nature are subject to
certain underlying assumptions, known and unknown risks and uncertainties and other
factors which may cause actual results, performance, or events to be materially different
from those expressed or implied by such forward looking statements. Those risks include
the interpretation of drill results; the geology, grade and continuity of mineral deposits; the
possibility that future exploration, development or mining results will not be consistent with
our expectations; commodity and currency price fluctuation; failure to obtain adequate
financing; regulatory, recovery rates, refinery co sts, and other relevant conversion f actors,
permitting and licensing risks; general market and mining exploration risks and production
and economic risks related to design and engineering, manufacturing, technological
processes and test procedures and the risk that the project’s ou tput will not be salable at a
price t hat w ill cover the project’s operating and maintenance costs. Forward- looking
statements should not be construed as investment advice. Readers should perform a
detailed, independent investigati on and analysis of the Com pany and are encouraged to
seek independent professional advice before making any investment decision. Accordingly,
readers should not place undue reliance on any forward- looking statement. Exce pt as
required by applicable securit ies laws, the Company disc laims any obligation to update or
revise a ny forward- looking statements to reflect events or changes in circumstances that
occur after the date hereof.