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Last Post: 4/22/2022 11:43:37 AM - 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".

 

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BARUF News: Small Company Offering and Sale of Securities Without Registration (d) 12/13/2021 08:24:02 AM
PostSubject
#69   Indonesian courts dismiss Case against BARUF & government jason sundar 04/22/22 11:43:37 AM
#68   https://www.kabarok.com/2022/04/the-lawsuit-against-pt-tms-not-accepted.html?m=1 jason sundar 04/20/22 01:28:59 PM
#67   https://money.tmx.com/en/quote/BARU/news/8483974915418424/Baru_Gold_Completes_La jason sundar 04/13/22 11:43:51 AM
#66   https://forum.mexicomike.ca/viewtopic.php?t=18183 jason sundar 03/09/22 03:39:44 PM
#65   Very positive! andy8033 02/25/22 12:51:39 PM
#64   BARU director insider buying jason sundar 02/24/22 02:18:49 AM
#63   more insider buying. CFO and another director jason sundar 02/22/22 08:12:37 PM
#62   Insider buying CFO hmmmmm jason sundar 02/17/22 11:25:29 PM
#61   Another good looking pr on surface sampling. Getting andy8033 02/14/22 10:56:16 PM
#60   Baru finds new gold targets. Getting sexy. Money andy8033 02/07/22 11:43:50 PM
#59   MexicoMike https://forum.mexicomike.ca/viewtopic.php?t=18183 So many doubters an jason sundar 02/05/22 02:51:27 AM
#58   $2100 gold. Baru will benefit as producing gold. https://www.cnbc.com/2022/01/05 andy8033 01/05/22 01:29:26 AM
#57   https://money.tmx.com/en/quote/BARU/news/8624861363336046/Baru_Gold_Commences_Dr jason sundar 12/21/21 04:18:16 PM
#56   Interesting video, good info, says he is starting SmittyInvestor 10/27/21 11:50:56 AM
#55   Baru gets write-up by Bob Moriarty's 321gold.com site scaryharrysafari 10/25/21 02:53:38 PM
#54   Baru CEO talks with CruxInvestor, https://youtu.be/vcZvhWO87VU jason sundar 10/23/21 12:32:34 AM
#53   Amvest chat w Baru REPLAY, ?? https://www.amvestcapital.com/webinar-directory/ba jason sundar 10/20/21 03:25:27 PM
#52   Baru doing a couple of webinar interviews; Monday jason sundar 10/16/21 03:33:47 PM
#51   Trading has resumed, and here's what the halt scaryharrysafari 10/06/21 10:03:01 AM
#50   Halted at open jason sundar 10/05/21 08:15:33 AM
#49   Unfortunately, the only solution to wack jobs such scaryharrysafari 10/02/21 10:21:39 AM
#48   Update on lawsuit, https://forum.mexicomike.ca/viewtopic.php?t=18183 jason sundar 10/02/21 04:05:02 AM
#47   It's very obvious from the price action on scaryharrysafari 09/21/21 02:14:38 PM
#46   Thanks. Glad you found the 2nd piece useful. jason sundar 09/13/21 01:28:22 PM
#45   Mexico rec'd 2nd write up from Singapore investor; jason sundar 09/11/21 05:32:17 PM
#44   CEO greet n meet at the #PMSCDenver21. https://twitter.com/baru_gold/status/143 jason sundar 09/09/21 01:08:29 AM
#43   LAND. https://money.tmx.com/en/quote/BARU/news/7353311397661571/Baru_Gold_Acquir jason sundar 09/07/21 09:42:52 AM
#42   Rational person on Yahoo Finance chat board: jason sundar 09/05/21 09:06:32 PM
#40   https://twitter.com/baru_gold/status/1431145664478601218?s=19 jason sundar 08/27/21 05:02:06 PM
#39   https://twitter.com/baru_gold/status/1431145664478601218?s=19 jason sundar 08/27/21 05:01:24 PM
#38   800m shares traded sister co BRNE - whoa!! Willowby 08/09/21 02:46:07 PM
#37   https://twitter.com/baru_gold/status/1415898218156544000?s=19 jason sundar 08/06/21 11:51:08 PM
#36   Baru Gold responds to false allegations and rumours https://twitter.com/CapitalJ jason sundar 06/17/21 09:14:49 AM
#35   Looking good, I wanted to buy more BARU jason sundar 05/08/21 08:10:51 PM
#34   Great interview. Land acquisition, construction, gold pour, drilling. andy8033 05/04/21 01:16:17 AM
#33   https://mailchi.mp/jeminicapital/baru-korelin-may03 jason sundar 05/03/21 03:10:40 PM
#32   No doubt about it. Whoever sold to 0.09 andy8033 04/27/21 01:47:27 AM
#31   Wow going to buy more now, https://twitter.com/CapitalJemini/status/138575165956 jason sundar 04/24/21 11:35:36 AM
#30   Great discounted shares here. Pls hold it for andy8033 04/20/21 01:46:09 AM
#29   Not public yet. Believe interview already done and andy8033 04/08/21 12:50:23 AM
#28   Says stay tuned.... hurry up and wait. jason sundar 04/08/21 12:40:53 AM
#27   More exposure. Any link? andy8033 04/07/21 11:56:49 PM
#26   Baru Gold did a podcast with some UK jason sundar 04/07/21 01:50:18 AM
#25   No idea andy8033 04/03/21 01:19:35 AM
#24   Chen bringing some one in? jason sundar 04/03/21 12:58:26 AM
#23   When gold pours there won’t be short of andy8033 04/02/21 10:59:20 PM
#22   Needs smth, MexicoMike is the only somebody writing jason sundar 03/31/21 05:05:16 PM
#21   Land acquisition updated from MexicoMike https://forum.mexicomike.ca/viewtopic.p jason sundar 03/30/21 03:53:07 PM
#20   Hold a core position, https://forum.mexicomike.ca/viewtopic.php?f=2&t=18183#p233 jason sundar 03/24/21 02:47:01 PM
#19   Buying pressure will wipe out sellers soon enough. andy8033 03/19/21 12:24:05 AM
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