Welcome!

Apache Authors: Liz McMillan, Elizabeth White, Pat Romanski, John Mertic, Janakiram MSV

News Feed Item

Barisan Gold Discovers Second High Grade Zone at Upper Tengkereng Gold-Copper Porphyry Discovery With 272 Metres of 0.6 g/t Gold & 0.6% Copper (1.0% Copper Equivalent) Intercept

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/12/14 -- Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce that drilling at hole UTD-006 has confirmed the presence of a second distinct high-grade zone located in the south-central part of the Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Assays have been received from the first 600 metres of hole UTD-006, which confirm the existence of a second high-grade zone. From 142 to 414 metres, UTD-006 returned 272 metres of 0.6 g/t gold + 0.6% copper (1.0% copper equivalent at current market prices) within a wider intercept of 458 metres of 0.6 g/t gold + 0.5% copper (0.9% copper equivalent at current market prices). This new high-grade zone remains open down hole and is anticipated to return meaningful grades until at least the 730-metre mark in length.

This newly validated high-grade zone was initially encountered in the upper part of hole UTD-002, where 114 metres at 0.3 g/t gold + 0.7% copper from 226 metres to 340 metres was intersected. UTD-006 was drilled approximately 110 metres north of UTD-002, also on an east-west axis, and intersected that same mineralization, hence validating this as a high-grade zone. An updated investor presentation has been uploaded onto the Barisan Gold website, where a number of tables and maps show the location and grade distribution of this newly discovered high-grade zone.

This high-grade zone (#2) is separate and distinct from the high-grade zone previously discovered in the eastern part of the deposit (#1) by holes UTD-002/003/005. High-grade zone #2 is characterized by covellite rich mineralization located within a strong advanced argillic altered zone. High-grade zone #2 starts close to surface (intersected at approximately 100 metre true depth in UTD-006) and contains a higher concentration of copper-to-gold, 60:40 (Cu:Au ratio at current market prices). On the other hand, high-grade zone #1, located in the eastern part of the porphyry discovery is characterized by chalcopyrite-chalcocite rich mineralization located within a strong advanced argillic-phyllic/chlorite-sericite zone. High-grade zone #1 has been intersected deeper (intersected at approximately 400 metre true depth in UTD-003) and contains a more balanced concentration of copper-to-gold, 45:55 (Cu:Au at current market prices).

The following table summarizes the results received in the first 6 holes of the two high-grades that have been validated.


----------------------------------------------------------------------------
                                     Cu                                     
       From  To Intercept    Au  Cu eq.                                     
Hole #  (m) (m)       (m) (g/t) (%) (%)      Main Mineralization  Alteration
----------------------------------------------------------------------------
High-Grade Zone #1                                                          
----------------------------------------------------------------------------
                                                                   Argillic-
002     638 696        58   1.2 0.5 1.2  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
003     428 690       262   0.8 0.5 1.0  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
005     520 710       190   1.3 0.6 1.3  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
High-Grade Zone #2                                                          
----------------------------------------------------------------------------
                                                                    Advanced
002     254 340        86   0.4 0.7 1.0                Covellite    Argillic
----------------------------------------------------------------------------
                                                                    Advanced
006     142 414       272   0.6 0.6 1.0                Covellite    Argillic
----------------------------------------------------------------------------
Cu Eq. calculated using current market prices                               

"We are extremely pleased with the results of hole UTD-006", said Alex Granger, Chief Executive Officer of Barisan Gold. "Discovering a new high-grade zone that sits right at surface and has the highest copper values intersected so far has significantly improved the economics of the Upper Tengkereng deposit. The Upper Tengkereng discovery continues to produce stellar results with all six holes drilled so far returning meaningful intercepts over 1% copper equivalent. We have now validated two material high-grade zones and identified the potential for two more that have yet to be validated. Additional blue sky opportunities remain under the limestone cap located to the east of the deposit, under the hydro-breccia located to the south of the deposit and below the high-grade soil geochemistry anomalies."

As a whole, UTD-006 is the highest-grade hole that has been drilled so far at Upper Tengkereng. UTD-006 is mineralized 4 metres from surface and returned a 596-metre intercept grading 0.5g/t gold + 0.4% copper (0.7% copper equivalent at current market prices) over the entire length of the hole so far. Summary assay results are presented in the following table.


----------------------------------------------------------------------------
From       To  Interval   Gold   Copper    Moly                    Rock Type
                                                                            
(m)       (m)       (m)  (g/t)      (%)     (%)                             
----------------------------------------------------------------------------
4          34        30   0.27     0.26   0.019           ARG, Hydro Breccia
----------------------------------------------------------------------------
34         56        22   0.18     0.09   0.005                  AA-ARG, HFP
----------------------------------------------------------------------------
56         74        18   0.29     0.50   0.014        AA-ARG, Hydro Breccia
----------------------------------------------------------------------------
74         82         8   0.14     0.06   0.007                     ARG, HFP
----------------------------------------------------------------------------
82        104        22   0.24     0.43   0.019                   AA-ARG, FP
----------------------------------------------------------------------------
104       140        36   0.20     0.07   0.005                     ARG, HFP
----------------------------------------------------------------------------
140       288       148   0.57     0.64   0.006                   AA-ARG, FP
----------------------------------------------------------------------------
288       290         2   0.19     0.25   0.003                 Phyllic, HFP
----------------------------------------------------------------------------
290       600       310   0.58     0.37   0.007       AA-ARG/Phyllic/SCC, FP
----------------------------------------------------------------------------
AA-ARG = Advanced Argillic-Argillic, ARG = Argillic, SCC = Chlorite-Sericite
FP = Feldspar Porphyry, HFP = Hornblende Feldspar Porphyry                  

Following the discovery of a new high-grade zone located in the south-central part of the porphyry, Barisan Gold has decided to build a new drill platform at the southern end of the deposit. Hole UTD-008, which is currently in the preparation stage, will target the high-grade zone #2 on a north-south axis (UTD-002/006 were both drilled on an east-west axis) to determine the true width of the high-grade zone on that axis. UTD-008 will also target a high-grade intercept from hole UTD-004 further to the north where UTD-004 returned 242 metres of 0.6g/t gold + 0.4% copper (0.8% copper equivalent) from 664 metres to 906 metres. More details about hole UTD-008 will be provided once drilling plans are finalized on this new platform.

Barisan Gold remains well financed to advance the next stage of drilling at its Upper Tengkereng gold-copper porphyry discovery.

Barisan Gold retained the laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-006, 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.

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.

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.

@ThingsExpo Stories
Providing secure, mobile access to sensitive data sets is a critical element in realizing the full potential of cloud computing. However, large data caches remain inaccessible to edge devices for reasons of security, size, format or limited viewing capabilities. Medical imaging, computer aided design and seismic interpretation are just a few examples of industries facing this challenge. Rather than fighting for incremental gains by pulling these datasets to edge devices, we need to embrace the i...
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...
Web Real-Time Communication APIs have quickly revolutionized what browsers are capable of. In addition to video and audio streams, we can now bi-directionally send arbitrary data over WebRTC's PeerConnection Data Channels. With the advent of Progressive Web Apps and new hardware APIs such as WebBluetooh and WebUSB, we can finally enable users to stitch together the Internet of Things directly from their browsers while communicating privately and securely in a decentralized way.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walked through how Octob...
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.
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver 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, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
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 General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, discussed the best practices that will ensure a successful smart city journey.