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Last Post: 5/8/2021 8:10:51 PM - Followers: 3 - 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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#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
#18   $BARU.V held maybe this it, onwards n upwards jason sundar 03/18/21 11:13:21 PM
#17   Post #MIF2021 Q&A with Chen Lin from Chenpicks.com jason sundar 03/18/21 04:20:45 PM
#16   Great interview! And miwah at end of interview. andy8033 03/12/21 11:04:08 PM
#15   $BARU $BARUF showing up everywhere, gold pour in jason sundar 03/12/21 09:25:23 PM
#14   Great news today! Drilling paid for by cash andy8033 03/12/21 12:05:58 AM
#13   $0.12 for a soon to be gold producing stock? andy8033 03/11/21 01:42:32 AM
#12   BARUF presenting at Metals Investor Forum virtual >> https://metalsinvestorforum jason sundar 02/19/21 04:27:47 PM
#11   found this on ceo.ca http://statesidereport.com/stateside-report-podcast-februar jason sundar 02/11/21 09:11:48 PM
#10   seasoned, depth, mining executive. strategic planning. whoever jason sundar 02/11/21 03:33:04 PM
#9   And take a look at yesterday's PR; scaryharrysafari 02/11/21 03:08:12 PM
#8   understandable Covid delayed things but gold pour in jason sundar 02/11/21 02:34:30 PM
#7   Coming alive here ! They're about to scaryharrysafari 02/03/21 11:34:49 AM
#6   $BARUF CEO Terrence Kirk Filbert dontknowsht 12/24/20 11:18:38 AM
#5   EAIAF changed to BARUF: Renee 12/04/20 04:30:06 PM
#4   3.5 million short right now GoldMonsterHunter 09/20/17 04:26:05 PM
#3   Tgk. Anwar, the chairman of the Aceh Government's GoldMonsterHunter 09/11/17 12:25:06 PM
#2   What's up here SGT. SIX STRING 09/09/17 07:20:50 PM
#1   The beast is waking up. GoldMonsterHunter 09/08/17 05:42:12 PM
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