Baru Gold breaks ground on its Sangihe gold project in Indonesia
(Kitco News) - Baru Gold announced Tuesday that it has commenced construction of phase one of the Sangihe gold project in Indonesia.
Construction will consist of clearing land, building two 100,000 tonnes heap leach pads, pit overburden removal, preparation of waste dumps, a crushing facility, and a processing plant area including access roads, the company said.
In its statement, Baru noted that construction of the heap leach pad system is targeted to be completed and operational by December 2021, with first production gold pour in Q1 2022.
President and CEO Terry Filbert commented, "The successful start of construction of the pit, pads, and pond facilities is a tremendous milestone for our Sangihe project. Once operations are running smoothly and Sangihe starts generating reliable cashflow we will invest that cashflow to expand the resource through an extended exploration and drilling program. This will allow us to expand production and the mine's life. We will provide further updates on the heap leach operations in the weeks to come."
The Sangihe gold project is located 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 105,000 inferred ounces of gold. The company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.