Baru Gold announces additional exploration results

Initial field analysis continued with mapping and sampling of artisanal workings and outcrops found within the Priority 1 Rome Target area. The analysis then progressed to mapping and sampling beyond the eastern boundary of the Priority 1 Canberra Target, which has been named Canberra East.

Assay results of the samples taken from the Rome Target returned an average grade of 42.18 g/t gold (Au) and 48.42 g/t (Ag) silver. The Rome Target contains samples obtained from strongly oxidised 0.15 m and 0.2 m wide quartz veins in tuffaceous andesite returning assays ranging from 41.9 – 72 g/t Au and 5.3 – 97 g/t Ag.

At the Rome Target, the 72 g/t Au assay was obtained from a tuffaceous andesite containing a 0.15 m wide strongly oxidised quartz vein.

Assay results from the samples taken from within the Canberra East Target returned an average grade of 2.42 g/t Au and 5.27 g/t Ag. The Canberra East samples were obtained from strongly oxidised silica, alunite, pyrite breccia and from strongly oxidised silica clay altered tuffaceous rocks returning assays ranging from 0.31 – 5.88 g/t Au and 0.8 – 20.7 g/t Ag.

These initial sample results from the Priority 1 Rome Target and the Canberra East areas have provided some further ground truthing of the 23 new exploration targets defined by the structural study conducted by Murphy Geological Services.

Frank Rocca, Chief Geologist of Baru, commented: “These are exciting times for the exploration team as we expand our knowledge of the CoW beyond the known Binebase-Bawone deposits and locate these outcrops which could develop into additional ore resources. I look forward to reporting the results of further field analysis by the exploration team in due course.”

Drilling progress update

Baru announced a 25 000 m drilling programme to test various targets identified in the Sangihe 2010 National Instrument 43-101 report which identified 835 000 oz Au as an inferred resource between Binebase and Bawane villages over 1.2 km. To date, the company has prepared 27 drill pads.

The drill rig arrived on the island on 20 December 2021 and preparations were made to commence drilling immediately. However, due to logistical problems encountered en route to the site, the drill rig was returned to the drilling contractor. Currently, all but one final component of the drill rig is on site, which will be delivered as soon as suitable transportation is secured.

The company has met all the requirements of the Indonesian government and has been granted its environmental permit and the upgrade of its licence to advance the Sangihe project to construction and production in 2022. All permits for transportation of the final drill rig component have been secured and the company is ready to start drilling immediately upon delivery of the final component.

Read the article online at: https://www.globalminingreview.com/exploration-development/11032022/baru-gold-announces-additional-exploration-results/