Jan 29, 2014
Barisan Gold Commences Drilling Hole Utd-005 at Upper Tengkereng
VANCOUVER, B.C. - January 29, 2014 - Barisan Gold Corporation (TSXV-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.
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.
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About Barisan Gold Corporation
Barisan Gold (BG-TSXV) 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.
You can view the Next News Releases item: Mon Feb 24, 2014, Barisan Gold Appoints Peter Akerley To Its Board Of Directors
You can view the Previous News Releases item: Thu Jan 9, 2014, Barisan Gold Intersects 202 Metres of 0.7 G/T Gold + 0.4% Copper + 0.01% Molybdenum in Hole UTD-004 at Upper Tengkereng Prospect
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