Click here to close now.


News Feed Item

Barisan Gold Intersects 104 Metres of 1.0% Copper + 0.7g/t Gold (1.4% Copper Equivalent) Within 212 Metres 0.8% Copper + 0.6g/t Gold (1.1% Copper Equivalent)

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/23/14 -- Barisan Gold Corporation (TSX VENTURE: BG) is pleased to announce the first tranche of assay results for hole UTD-008 at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Assays have been received from the first 400 metres of hole UTD-008. Hole UTD-008 is being drilled parallel to UTD-002 but in an opposite direction, scissor crossing that hole, with the objective of expanding and further defining the second high grade zone discovered in holes UTD-002 and UTD-006. UTD-008 is mineralized 4 metres from surface. From 296 to 400 metres, UTD-008 returned 104 metres of 0.7 g/t gold + 1.0% copper (1.4% copper equivalent at current market prices) within a wider intercept of 212 metres of 0.6 g/t gold + 0.8% copper (1.1% copper equivalent at current market prices). The high-grade mineralization remains open down hole at a depth below 400 metres.

           From      To   Intercept     Gold    Copper  Gold Eq.  Copper Eq.
            (m)     (m)         (m)    (g/t)       (%)     (g.t)         (%)
              4     400         396     0.42      0.56       1.4         0.9
Incl.       188     400         212     0.57      0.75       1.8         1.1
Incl.       226     400         174     0.61      0.82       2.0         1.2
Incl.       296     400         104     0.74      0.95       2.3         1.4

Copper Eq. & Gold Eq. calculated using current market prices. No adjustments have been made for metallurgical recovery as these remain uncertain at this time.

Hole UTD-008, as a whole, is the highest-grade hole drilled so far at Upper Tengkereng averaging 0.9% copper equivalent over its entire length to-date and returning the first 100-metre long intercept of greater than 1% copper assays. In addition to further validating the second high-grade zone initially discovered in holes UTD-002 and UTD-006, UTD-008 has extended the high-grade zone further to the south by over 50 metres and further at depth by another 50 metres. The high-grade zone is not limited to the first 400 metres with indications it continues below that level.

This second high-grade zone, returning mineralization above 1.0% copper equivalent, now covers an area of 100m x 100m at surface based on the three holes drilled to-date and is open in all directions. Further drilling in that area will seek to identify the width of the high-grade zone on a north-south axis as all three holes so far have been drilled on an east-west axis.

"Drilling at Upper Tengkereng continues to return outstanding copper and gold mineralization", said Alex Granger, Chief Executive Officer of Barisan Gold. "UTD-008 has not only returned the highest grade intercept so far drilled at Upper Tengkereng but has also done so in a zone that sits very close to surface, reinforcing the economic potential of the deposit. The first high-grade zone discovered at Upper Tengkereng seems to start 400-500 metres below surface. This second high-grade zone starts within 150 metres from surface with significant economic grades in the mineralization above it. Upper Tengkereng continues to prove itself as a world-class discovery and, to-date, demonstrates the possibility that the high-grade Upper Tengkereng discovery and associated porphyry-style mineralization may develop into a meaningful copper-gold deposit."

An updated investor presentation can be found on the Barisan Gold website, where the tables and maps have been updated to show the location and grade distribution of this newly validated high-grade zone.

Drilling continues at Upper Tengkereng despite minor technical issues at both UTD-007 and UTD-008 that impacted drilling over the past couple of weeks.

Drilling at UTD-007 was interrupted for one week in early June due to technical issues with the rig. Since June 15, 2014, drilling is back to normal and as of June 21, 2014 drilling had reached 773 metres in length. UTD-007 is testing the depths of the first high-grade zone discovered in the eastern part of the deposit.

Drilling at UTD-008 was interrupted for a 10-day period in early June due to technical issues with the rig. Since June 17, 2014, drilling is back to normal and as of June 21, 2014, drilling had reached 640 metres in length. Visual interpretation indicates that the high-grade zone continues at depth below 400 metres.

Barisan Gold retained the laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-008, 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.

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
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi's VP Business Development and Engineering, will explore the IoT cloud-based platform technologies driv...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively.
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. Migration to cloud shifts computing resources from your data center, which can yield significant advantages provided that the cloud vendor an offer enterprise-grade quality for your application.
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Electric power utilities face relentless pressure on their financial performance, and reducing distribution grid losses is one of the last untapped opportunities to meet their business goals. Combining IoT-enabled sensors and cloud-based data analytics, utilities now are able to find, quantify and reduce losses faster – and with a smaller IT footprint. Solutions exist using Internet-enabled sensors deployed temporarily at strategic locations within the distribution grid to measure actual line lo...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance across private and public clouds. Manual security compliance is slow, prone to human error, and represents over 50% of the cost of managing cloud applications. Determining how to automate cloud security compliance is critical...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, will explore the current state of IoT connectivity and review key trends an...
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Saviynt Inc. has announced the availability of the next release of Saviynt for AWS. The comprehensive security and compliance solution provides a Command-and-Control center to gain visibility into risks in AWS, enforce real-time protection of critical workloads as well as data and automate access life-cycle governance. The solution enables AWS customers to meet their compliance mandates such as ITAR, SOX, PCI, etc. by including an extensive risk and controls library to detect known threats and b...