Oct 20, 2014
Barisan Gold Continues To Extend The High-Grade Zone At Its Upper Tengkereng Porphyry Discovery Where Latest Round Of Assays Include 144 Metres Of 1.4 G/T Gold + 0.6% Copper (1.5% Copper Equivalent) Within 412 Metres Of 0.9 G/T Gold + 0.5% Copper (1.0% COPPER EQUIVALENT)
VANCOUVER, B.C. - October 20, 2014 - Barisan Gold Corporation (TSXV-BG) is pleased to announce the latest assay results from the current drill program at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.
Since mid July, Barisan Gold has embarked on an 18-month drill program with the objective of producing a maiden mineral resource estimate in accordance with NI 43-101 that will cover the high-grade zone identified near-surface in the south-central part of the deposit at Upper Tengkereng. The first part of the drill program, which is currently ongoing, consists of delineating the boundaries of the high-grade zone whereas the second part of the drill program is anticipated to consist of a more grid-like drilling pattern to enable the calculation of the maiden resource.
Assay results have now been received for the first three holes of this drilling program (holes UTD-009/011/012) and the key intercepts are presented in the below table. Drilling has continued to extend the high-grade zone with hole UTD-009 pushing the boundaries in a northerly direction and hole UTD-012 in a southerly direction. UTD-012 in particular returned some of the highest grade intercepts to-date at Upper Tengkereng with a 412 metre intercept of 0.9 g/t gold + 0.5% copper (1.0% copper equivalent at current market prices), which includes the highest-grade 100 metre intercept drilled to-date at Upper Tengkereng with 100 metres of 1.6 g/t gold + 0.7% copper (1.7% copper equivalent at current market prices).
Copper Eq. & Gold Eq. calculated using current market prices.
No adjustments have been made for metallurgical recovery as these remain uncertain at this time.
"Upper Tengkereng continues to return spectacular assays for us", said Alex Granger, Chief Executive Officer of Barisan Gold. "Hole UTD-012 was drilled away from the identified high-grade zone in a south-easterly direction and, not only extended the high-grade zone in that direction, but also returned the highest-grade 100-metre intercept at 1.7% copper equivalent or almost 3 g/t gold equivalent. Holes UTD-009 and UTD-012 have extended the high-grade zone by at least 300 metres on a southeast-northwest basis and we have yet to identify the true length of that zone on that axis."
Drilling at Upper Tengkereng continues with UTD-013 having recently been completed and UTD-014 set to begin shortly. An update presentation has been uploaded on the Barisan Gold website at www.barisangold.com, which contains location maps and cross-section interpretation maps about the current drill program, including the location of the next few proposed holes.
Barisan Gold retained the independent laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-009/011/012, 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.
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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 40,821,186 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: Wed Sep 30, 2015, Barisan Gold Secures Local Indonesian Partner To Advance Indonesian Projects To Production
You can view the Previous News Releases item: Wed Sep 3, 2014, Barisan Gold Receives Final Assays For Holes Utd-007 & Utd-008 And Provides Exploration Update For Its Upper Tengkereng Prospect
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