Barisan Gold Provides Update on Drilling Activities at Upper Tengkereng
03 3월 2014 - 9:00PM
Marketwired Canada
Barisan Gold Corporation (TSX VENTURE:BG) is pleased to provide investors with
an update on drilling activities at its Upper Tengkereng porphyry prospect,
located in the Province of Aceh, Indonesia.
Barisan Gold commenced drilling of Hole UTD-005 on January 29, 2014. Hole
UTD-005 is being drilled with an azimuth of 55 degrees and an inclination of 78
degrees. As of February 28, 2014, drilling had reached 836 metres in length,
ahead of the schedule provided in the January 29, 2014 press release. Although
no assays have yet to be received on UTD-005, Barisan Gold is extremely
satisfied with the results to date. UTD-005 has so far matched our geological
model for the eastern part of the Upper Tengkereng prospect, hence increasing
our confidence of the geological continuity at Upper Tengkereng. Furthermore,
the higher-grade zone forecast to be intersected from 525-675 metres seems to
have been extended further to the current depth of 836 metres and seems to
continue at depth. High-resolution pictures of the tray cores for the
higher-grade zone between 542-762 metres are available on the Barisan Gold
website (http://www.barisangold.com/photogallery/uppertengkereng).
The following table presents the visual interpretation of UTD-005 up to the
836-metre mark.
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Mineralization (Visual
Length Rock Type Interpretation Only)
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0 - 5 m Soil - -
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5 - 74 m Advanced Argillic-Argillic, Chalcocite: 0.2-0.3%,
Hydro Breccia Chalcopyrite: 0.2-0.3%
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74 - 82 m Argillic, Hornblende Feldspar Chalcopyrite: 0.3%
Porphyry
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82 - 125 m Argillic, Hydro Breccia Chalcopyrite: 0.2%
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125 - 259 m Propylitic, Hornblende Diorite - -
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259 - 268 m Advanced Argillic-Argillic, Chalcocite: 0.1%, Chalcopyrite:
Hydro Breccia 0.1%
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268 - 304 m Argillic, Hornblende Feldspar Chalcopyrite: 0.1-0.4%
Porphyry
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304 - 324 m Advanced Argillic-Argillic, Chalcocite: 0.3%
Feldspar Porphyry
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324 - 342 m Advanced Argillic-Argillic, Chalcocite: 0.1%, Chalcopyrite:
Hornblende Feldspar Porphyry 0.2%
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342 - 378 m Phyllic, Feldspar Porphyry Chalcocite: 0.3-0.4%
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378 - 430 m Phyllic, Hornblende Feldspar Chalcocite: 0.2%
Porphyry
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430 - 453 m Phyllic-Argillic, Feldspar Chalcocite: 0.2-0.3%,
Porphyry/Hydro Breccia Chalcopyrite: 0.2-0.3%
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453 - 471 m Advanced Argillic-Phyllic, Chalcocite: 0.3-1.0%,
Feldspar Porphyry Chalcopyrite: 0.3-0.5%
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471 - 526 m Propylitic, Hornblende Diorite - -
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526 - 638 m Argillic-Phyllic, Feldspar Chalcocite: 0.3-0.5%,
Porphyry Chalcopyrite: 0.3-1.0%
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638 - 710 m Chlorite-Sericite/Potassic, Chalcocite: 0.3%, Chalcopyrite:
Feldspar Porphyry 1.5-2.0%
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710 - 836 m Chlorite-Sericite/Potassic, Chalcopyrite: 0.6-2.0%
Equigranular Diorite
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In addition, UTD-005 has yet to intersect any limestone contact zone, which we
predicted would be intersected at the 750-metre mark if it had been vertically
dipping. This means that the limestone contact zone is either diagonally dipping
away from the deposit or horizontally lying closer to surface.
Although UTD-005 was planned to a final length of 750 metres, Barisan Gold
intends on pursuing UTD-005 until the earlier of (i) hitting the limestone
contact zone, (ii) drilling out of porphyry mineralization and (iii) reaching
the design capacity of the rig, which is 1,750 metres.
In other news, Barisan Gold has received the final assays for UTD-004. There
were no new meaningful higher-grade intercepts in the final section from 986 to
1,465 metres. UTD-004 ended up with 1,459 metres of 0.3g/t gold + 0.2% copper,
including 30 metres of 1.2g/t gold + 0.4% copper and 202 metres of 0.7g/t gold +
0.4% copper + 0.01% molybdenum. UTD-004 was fully mineralized 6 metres from
surface until the end of the hole at 1,465 metres.
Barisan Gold retained the laboratory services of PT Intertek Utama Services of
Jakarta, Indonesia, which, in the case of UTD-004, 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Barisan Gold Corporation
Steven Feldman
Manager Investor Relations
+1 604 684 8676
info@barisangold.com
www.barisangold.com
Barisan Gold Corporation (TSXV:BG)
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Barisan Gold Corporation (TSXV:BG)
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