Welcome!

News Feed Item

Barisan Gold Commences Drilling Hole UTD-005 at Upper Tengkereng

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/29/14 -- Barisan Gold Corporation (TSX VENTURE: BG) is pleased to announce that drilling has commenced at hole UTD-005 at its Upper Tengkereng porphyry prospect, located in the Province of Aceh, Indonesia.

After further internal review, hole UTD-005 has been slightly adjusted. It is now being drilled with an azimuth of 55 degrees and an inclination of 78 degrees. The steeper incline is to align the depths where it is anticipated UTD-005 will intersect the high-grade zone identified at the bottom of UTD-002. The final 59 metres of UTD-002 intersected 1.2 g/t gold + 0.5% copper, the highest grade intercept longer than 50 metres returned at Upper Tengkereng so far. An updated map is available on the Barisan Gold website (www.barisangold.com/barisanporphyry/uppertengkereng) that shows the positioning of UTD-005 in relation to UTD-002. The UTD-005 drill pad is situated 200 metres down hole of the UTD-002 drill pad in a north-easterly direction. As such, a steeper incline of 78 degrees (versus 60 degrees at UTD-002) is required in order to reach the same depth in the same general area of the high-grade zone.

Based on internal geological models, UTD-005 should reach the high-grade zone of UTD-002 at approximately the 520 metre mark. UTD-005 is seeking to extend that high-grade zone both at depth and in a northeast direction. The table below summarizes the assay results for hole UTD-002, which were initially released on January 17, 2011 by the previous owner of the project who drilled that hole, with a side-by-side comparison of what our internal geological models predict will happen in UTD-005.

Hole UTD-005 is planned to a minimum length of 750 metres and a maximum length of 1,750 metres depending on where the limestone contact zone is intersected. As UTD-005 is being drilled towards the limestone footprint located to the northeast of the diorite footprint, it is anticipated that UTD-005 will intersect the limestone contact zone at some point, as long as the limestone is vertically dipping. If the limestone contact zone dips in a straight vertical line, it will be intersected at approximately the 750-metre mark. If on the other hand, the limestone contact zone dips in a horizontal line, UTD-005 will never intersect it, in which case UTD-005 could be drilled up to 1,750 metres in length or until mineralization is no longer intercepted.


----------------------------------------------------------------------------
                           UTD-002                                UTD-005
----------------------------------------------------------------------------
                                                                   Projected
Length       Rock Type                         Gold   Copper          Length
----------------------------------------------------------------------------
0 - 6 m      Soil                               - -      - -         0 - 6 m
----------------------------------------------------------------------------
6 - 12 m     Argillic, Hydro Breccia        0.1 g/t      0.1%   Part of UTD-
                                                              002 located to
                                                               the Southwest
                                                                  of UTD-005
                                                                   Drill Pad
-------------------------------------------------------------
12 - 66 m    Advanced Argillic-Argillic,
             Volcaniclastic
             Sediments/Hydro Breccia        0.6 g/t      0.3%
-------------------------------------------------------------
66 - 118 m   Advanced Argillic,
             Volcaniclastic
             Sediments/Hydro Breccia        0.3 g/t      0.1%
-------------------------------------------------------------
118 - 226 m  Advanced Argillic, Feldspar
             Porphyry                       0.2 g/t      0.3%
-------------------------------------------------------------
226 - 294 m  Advanced Argillic, Feldspar
             Porphyry                       0.3 g/t      0.5%
-------------------------------------------------------------
294 - 340 m  Advanced Argillic, Feldspar
             Porphyry                       0.4 g/t      0.8%
----------------------------------------------------------------------------
340 - 402 m  Phyllic, Feldspar Porphyry     0.4 g/t      0.3%      6 - 125 m
----------------------------------------------------------------------------
402 - 460m   Phyllic/Chlorite-Sericite,
             Hornblende Feldspar Porphyry   0.5 g/t      0.1%    125 - 200 m
----------------------------------------------------------------------------
460 - 484 m  Phyllic, Feldspar Porphyry     0.1 g/t      0.2%    200 - 230 m
----------------------------------------------------------------------------
484 - 528 m  Chlorite-Sericite,
             Hornblende Feldspar Porphyry   0.3 g/t      0.1%    230 - 300 m
----------------------------------------------------------------------------
528 - 576 m  Phyllic, Feldspar Porphyry     0.3 g/t      0.2%    300 - 400 m
----------------------------------------------------------------------------
576 - 596 m  Argillic-Phyllic, Feldspar
             Porphyry                       0.9 g/t      0.3%    400 - 450 m
----------------------------------------------------------------------------
596 - 638 m  Unaltered, Hornblende
             Diorite                             Barren Zone     450 - 525 m
----------------------------------------------------------------------------
638 - 697 m  Argillic-Phyllic, Feldspar
             Porphyry                       1.2 g/t      0.5%    525 - 675 m
----------------------------------------------------------------------------
- -          ???                         Hole Ended at 697 m     675 - 750 m
----------------------------------------------------------------------------
- -          Limestone                   Hole Ended at 697 m      From 750 m
----------------------------------------------------------------------------

Based on the drilling pace achieved at UTD-003 and UTD-004, it is anticipated that UTD-005 will reach the 520-metre mark of hole UTD-005 during the week of February 17, 2014 and reach the 750-metre mark during the week of March 3, 2014.

Separately, final assays for 986-1,465 metre section of UTD-004 are currently being analyzed by PT Intertek Indonesia and will be released once they have been submitted and reviewed by Barisan Gold.

Dibiansyah Hamid, MAIG, the designated QP within the meaning of NI 43-101, has reviewed and approved the content of this release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To receive or stop receiving BG news via email, please email [email protected] and state your preference in the subject line.

FOR FURTHER INFORMATION, visit the Company's website at www.barisangold.com.

About Barisan Gold Corporation

Barisan Gold (TSX VENTURE: BG) is a Canadian-based minerals exploration company listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia. Barisan Gold currently owns and operates two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt and the Abong epithermal gold project. Barisan Gold currently has 40,721,186 shares outstanding.

Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs at the Company's Upper Tengkereng Porphyry prospect, results and timing of any work programs, the Company's performance or events as of the date hereof. These statements reflect management's current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; and general market and mining exploration risks. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...