Welcome!

News Feed Item

Barisan Gold Discovers Second High Grade Zone at Upper Tengkereng Gold-Copper Porphyry Discovery With 272 Metres of 0.6 g/t Gold & 0.6% Copper (1.0% Copper Equivalent) Intercept

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/12/14 -- Barisan Gold Corporation (TSX VENTURE: BG) is pleased to announce that drilling at hole UTD-006 has confirmed the presence of a second distinct high-grade zone located in the south-central part of the Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Assays have been received from the first 600 metres of hole UTD-006, which confirm the existence of a second high-grade zone. From 142 to 414 metres, UTD-006 returned 272 metres of 0.6 g/t gold + 0.6% copper (1.0% copper equivalent at current market prices) within a wider intercept of 458 metres of 0.6 g/t gold + 0.5% copper (0.9% copper equivalent at current market prices). This new high-grade zone remains open down hole and is anticipated to return meaningful grades until at least the 730-metre mark in length.

This newly validated high-grade zone was initially encountered in the upper part of hole UTD-002, where 114 metres at 0.3 g/t gold + 0.7% copper from 226 metres to 340 metres was intersected. UTD-006 was drilled approximately 110 metres north of UTD-002, also on an east-west axis, and intersected that same mineralization, hence validating this as a high-grade zone. An updated investor presentation has been uploaded onto the Barisan Gold website, where a number of tables and maps show the location and grade distribution of this newly discovered high-grade zone.

This high-grade zone (#2) is separate and distinct from the high-grade zone previously discovered in the eastern part of the deposit (#1) by holes UTD-002/003/005. High-grade zone #2 is characterized by covellite rich mineralization located within a strong advanced argillic altered zone. High-grade zone #2 starts close to surface (intersected at approximately 100 metre true depth in UTD-006) and contains a higher concentration of copper-to-gold, 60:40 (Cu:Au ratio at current market prices). On the other hand, high-grade zone #1, located in the eastern part of the porphyry discovery is characterized by chalcopyrite-chalcocite rich mineralization located within a strong advanced argillic-phyllic/chlorite-sericite zone. High-grade zone #1 has been intersected deeper (intersected at approximately 400 metre true depth in UTD-003) and contains a more balanced concentration of copper-to-gold, 45:55 (Cu:Au at current market prices).

The following table summarizes the results received in the first 6 holes of the two high-grades that have been validated.


----------------------------------------------------------------------------
                                     Cu
       From  To Intercept    Au  Cu eq.
Hole #  (m) (m)       (m) (g/t) (%) (%)      Main Mineralization  Alteration
----------------------------------------------------------------------------
High-Grade Zone #1
----------------------------------------------------------------------------
                                                                   Argillic-
002     638 696        58   1.2 0.5 1.2  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
003     428 690       262   0.8 0.5 1.0  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
005     520 710       190   1.3 0.6 1.3  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------

----------------------------------------------------------------------------
High-Grade Zone #2
----------------------------------------------------------------------------
                                                                    Advanced
002     254 340        86   0.4 0.7 1.0                Covellite    Argillic
----------------------------------------------------------------------------
                                                                    Advanced
006     142 414       272   0.6 0.6 1.0                Covellite    Argillic
----------------------------------------------------------------------------
Cu Eq. calculated using current market prices

"We are extremely pleased with the results of hole UTD-006", said Alex Granger, Chief Executive Officer of Barisan Gold. "Discovering a new high-grade zone that sits right at surface and has the highest copper values intersected so far has significantly improved the economics of the Upper Tengkereng deposit. The Upper Tengkereng discovery continues to produce stellar results with all six holes drilled so far returning meaningful intercepts over 1% copper equivalent. We have now validated two material high-grade zones and identified the potential for two more that have yet to be validated. Additional blue sky opportunities remain under the limestone cap located to the east of the deposit, under the hydro-breccia located to the south of the deposit and below the high-grade soil geochemistry anomalies."

As a whole, UTD-006 is the highest-grade hole that has been drilled so far at Upper Tengkereng. UTD-006 is mineralized 4 metres from surface and returned a 596-metre intercept grading 0.5g/t gold + 0.4% copper (0.7% copper equivalent at current market prices) over the entire length of the hole so far. Summary assay results are presented in the following table.


----------------------------------------------------------------------------
From       To  Interval   Gold   Copper    Moly                    Rock Type

(m)       (m)       (m)  (g/t)      (%)     (%)
----------------------------------------------------------------------------
4          34        30   0.27     0.26   0.019           ARG, Hydro Breccia
----------------------------------------------------------------------------
34         56        22   0.18     0.09   0.005                  AA-ARG, HFP
----------------------------------------------------------------------------
56         74        18   0.29     0.50   0.014        AA-ARG, Hydro Breccia
----------------------------------------------------------------------------
74         82         8   0.14     0.06   0.007                     ARG, HFP
----------------------------------------------------------------------------
82        104        22   0.24     0.43   0.019                   AA-ARG, FP
----------------------------------------------------------------------------
104       140        36   0.20     0.07   0.005                     ARG, HFP
----------------------------------------------------------------------------
140       288       148   0.57     0.64   0.006                   AA-ARG, FP
----------------------------------------------------------------------------
288       290         2   0.19     0.25   0.003                 Phyllic, HFP
----------------------------------------------------------------------------
290       600       310   0.58     0.37   0.007       AA-ARG/Phyllic/SCC, FP
----------------------------------------------------------------------------
AA-ARG = Advanced Argillic-Argillic, ARG = Argillic, SCC = Chlorite-Sericite
FP = Feldspar Porphyry, HFP = Hornblende Feldspar Porphyry

Following the discovery of a new high-grade zone located in the south-central part of the porphyry, Barisan Gold has decided to build a new drill platform at the southern end of the deposit. Hole UTD-008, which is currently in the preparation stage, will target the high-grade zone #2 on a north-south axis (UTD-002/006 were both drilled on an east-west axis) to determine the true width of the high-grade zone on that axis. UTD-008 will also target a high-grade intercept from hole UTD-004 further to the north where UTD-004 returned 242 metres of 0.6g/t gold + 0.4% copper (0.8% copper equivalent) from 664 metres to 906 metres. More details about hole UTD-008 will be provided once drilling plans are finalized on this new platform.

Barisan Gold remains well financed to advance the next stage of drilling at its Upper Tengkereng gold-copper porphyry discovery.

Barisan Gold retained the laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-006, employed the fire assay method (FA50) on gold samples and for other precious and base metal analyses, ICP with multi acid digestion.

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
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Systena America 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. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
SYS-CON Events announced today that Outscale 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. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to o...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
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 Busine...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-will deployment. Storage, for instance, is more capable than where we read and write data. In his session at @DevOpsSummit at 20th Cloud Expo, Josh Atwell, a Developer Advocate for NetApp, will discuss the role and value...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, 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. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developers ...