Search This Board: 
Created: 09/08/2017 05:41:40 PM - Followers: 2 - Board type: Free - Posts Today: 0

Is East Asia Minerals' Miwah Gold Project Closer to Reclassification in Aceh, Indonesia?



In early 2013 Tgk. Anwar, the chairman of the Aceh Government's Spatial Planning Committee, claimed that the Ministry of Forestry has accepted "almost 100 percent" of the province's new spatial plan, which would zone large blocks of previously protected forest for mineral extraction, timber concessions, and oil palm plantations. Aceh has the most forest cover of any province in Sumatra, which lost 36 percent of its forests in the past 20 years. The new spatial plan would grant nearly one million hectares of land for mining, 416,086 for logging, and 256,250 hectares for palm oil. The plan would also approve an extensive new network of roads that would run through protected forests.


The company is working closely with government officials in the country and have company representatives on the ground in Aceh to obtain reclassification of the forestry zone from "protected forest" to "production forest." East Asia Minerals has implemented a new Corporate Social Responsibility program and hired ex-government officials to help them with these efforts.  The company is undergoing a valuation study to define its current status and options on reclassification. The nature of the ore body and the limited scope of the valuation study preclude this assessment.


Once forestry designation has been reclassified, the company will be granted the ability to continue the drilling program with the goal of expanding the resource at Miwah. While waiting for reclassification, the company will be able to assess mineralization and prepare East Asia Minerals to conduct a feasibility study. Miwah is not currently included in this reclassification. The length of this process is primarily due to dealing with a coalition of environmental groups, and NGOs.


About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia. The Company has a 70 to 85 percent interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The company's Miwah project in Aceh Province has an NI 43-101 compliant inferred resource of 3.14 million ounces of gold and 8.95 million ounces of silver. This is based on an estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold and 2.68 grams per tonne of silver using 0.20 grams per tonne gold cut-off. East Asia Minerals' shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".


Check out the new web site


Original Full Story Link

PlusOneCoin Top Posts Free PlusOneCoin
No plusone'd posts yet. Be the first!
Post Subject
Indonesian courts dismiss Case against BARUF & government jason sundar 04/22/2022 11:43:37 AM
#68 jason sundar 04/20/2022 01:28:59 PM
#67 jason sundar 04/13/2022 11:43:51 AM
#66 jason sundar 03/09/2022 03:39:44 PM
Very positive! andy8033 02/25/2022 12:51:39 PM
BARU director insider buying jason sundar 02/24/2022 02:18:49 AM
more insider buying. CFO and another director jason sundar 02/22/2022 08:12:37 PM
Insider buying CFO hmmmmm jason sundar 02/17/2022 11:25:29 PM
Another good looking pr on surface sampling. Getting andy8033 02/14/2022 10:56:16 PM
Baru finds new gold targets. Getting sexy. Money andy8033 02/07/2022 11:43:50 PM
MexicoMike So many doubters an jason sundar 02/05/2022 02:51:27 AM
$2100 gold. Baru will benefit as producing gold. andy8033 01/05/2022 01:29:26 AM
#57 jason sundar 12/21/2021 04:18:16 PM
Interesting video, good info, says he is starting SmittyInvestor 10/27/2021 11:50:56 AM
Baru gets write-up by Bob Moriarty's site scaryharrysafari 10/25/2021 02:53:38 PM
Baru CEO talks with CruxInvestor, jason sundar 10/23/2021 12:32:34 AM
Amvest chat w Baru REPLAY, ?? jason sundar 10/20/2021 03:25:27 PM
Baru doing a couple of webinar interviews; Monday jason sundar 10/16/2021 03:33:47 PM
Trading has resumed, and here's what the halt scaryharrysafari 10/06/2021 10:03:01 AM
Halted at open jason sundar 10/05/2021 08:15:33 AM
Unfortunately, the only solution to wack jobs such scaryharrysafari 10/02/2021 10:21:39 AM
Update on lawsuit, jason sundar 10/02/2021 04:05:02 AM
#47 It's very obvious from the price action on scaryharrysafari 09/21/2021 02:14:38 PM
#46 Thanks. Glad you found the 2nd piece useful. jason sundar 09/13/2021 01:28:22 PM
#45 Mexico rec'd 2nd write up from Singapore investor; jason sundar 09/11/2021 05:32:17 PM
#44 CEO greet n meet at the #PMSCDenver21. jason sundar 09/09/2021 01:08:29 AM
#43 LAND. jason sundar 09/07/2021 09:42:52 AM
#42 Rational person on Yahoo Finance chat board: jason sundar 09/05/2021 09:06:32 PM
#40 jason sundar 08/27/2021 05:02:06 PM
#39 jason sundar 08/27/2021 05:01:24 PM
#38 800m shares traded sister co BRNE - whoa!! Willowby 08/09/2021 02:46:07 PM
#37 jason sundar 08/06/2021 11:51:08 PM
#36 Baru Gold responds to false allegations and rumours jason sundar 06/17/2021 09:14:49 AM
#35 Looking good, I wanted to buy more BARU jason sundar 05/08/2021 08:10:51 PM
#34 Great interview. Land acquisition, construction, gold pour, drilling. andy8033 05/04/2021 01:16:17 AM
#33 jason sundar 05/03/2021 03:10:40 PM
#32 No doubt about it. Whoever sold to 0.09 andy8033 04/27/2021 01:47:27 AM
#31 Wow going to buy more now, jason sundar 04/24/2021 11:35:36 AM
#30 Great discounted shares here. Pls hold it for andy8033 04/20/2021 01:46:09 AM
#29 Not public yet. Believe interview already done and andy8033 04/08/2021 12:50:23 AM
#28 Says stay tuned.... hurry up and wait. jason sundar 04/08/2021 12:40:53 AM
#27 More exposure. Any link? andy8033 04/07/2021 11:56:49 PM
#26 Baru Gold did a podcast with some UK jason sundar 04/07/2021 01:50:18 AM
#25 No idea andy8033 04/03/2021 01:19:35 AM
#24 Chen bringing some one in? jason sundar 04/03/2021 12:58:26 AM
#23 When gold pours there won’t be short of andy8033 04/02/2021 10:59:20 PM
#22 Needs smth, MexicoMike is the only somebody writing jason sundar 03/31/2021 05:05:16 PM
#21 Land acquisition updated from MexicoMike jason sundar 03/30/2021 03:53:07 PM
#20 Hold a core position, jason sundar 03/24/2021 02:47:01 PM
#19 Buying pressure will wipe out sellers soon enough. andy8033 03/19/2021 12:24:05 AM
Post Subject