Welcome!

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 info@barisangold.com 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.

Contacts:
Barisan Gold Corporation
Steven Feldman
Manager Investor Relations
+1 604 684 8676
info@barisangold.com
www.barisangold.com

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
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and 21st International Cloud Expo, which will take place in November in Silicon Valley, California.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
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).
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, will discuss the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even ...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products and services around this fundamentally unique approach to delivering complete software release management solutions. With a combination of Addteq's services and our extensive list of partners,...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, John Jelinek IV, a web developer at Linux Academy, will discuss why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...