Welcome!

Apache Authors: Sematext Blog, Pat Romanski, ITinvolve Blog, Yeshim Deniz, Elizabeth White

News Feed Item

Barisan Gold Provides Exploration Update at Upper Tengkereng Prospect

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/05/14 -- Barisan Gold Corporation (TSX VENTURE: BG) is pleased to provide an update on its exploration activities at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Activities at Upper Tengkereng are at an all time high with two deep (1,750-metre) drill rigs operating 24 hours per day. Below is a summary of results at the recently completed UTD-006 hole, as well as summary of operations at the active UTD-007 and UTD-008 holes.

Hole UTD-006

Final assays for hole UTD-006 have been received from the laboratory. From 4 to 990 metres, UTD-006 returned 986 metres of 0.5 g/t gold + 0.3% copper (0.6% copper equivalent at current market prices), including 272 metres of 0.6 g/t gold + 0.6% copper (1.0% copper equivalent at current market prices) within 594 metres of 0.6 g/t gold + 0.4% copper (0.8% copper equivalent at current market prices). On a whole, UTD-006 is the highest-grade hole drilled so far at Upper Tengkereng.

Upon further review of the core, UTD-006 intersected two distinct but continuous mineralized zones from 142 to 736 metres that returned significant mineralization.

From 142 to 362 metres, UTD-006 intersected a high-grade covellite rich silica-pyrophyllite-alunite zone, which returned a 220 metre intercept grading 0.6 g/t gold + 0.6% copper (1.0% copper equivalent at current market prices). This covellite rich zone was first intersected in UTD-002 where, from 226 to 340 metres, a 114 metre intercept returned 0.3 g/t gold + 0.7% copper (0.9% copper equivalent at current market prices). The covellite rich zone appears to sit close to surface and has returned the highest-grade copper assays so far intersected at Upper Tengkereng. It appears to be around 200+ metres in thickness and remains open in all directions. UTD-008, currently being drilled, continues to test this zone.

From 362 to 736 metres, UTD-006 intersected a high grade chalcocite-chalcopyrite rich zone, which returned a 374 metre intercept grading 0.6 g/t gold + 0.3% copper (0.7% copper equivalent at current market prices), including a 76 metre intercept grading 0.8 g/t gold + 0.3% copper (0.9% copper equivalent at current market prices) from 634 to 710 metres. This chalcocite-chalcopyrite rich zone was first intersected in UTD-004 where, from 656 to 906 metres, UTD-004 intersected 250 metres grading 0.6 g/t gold + 0.4% copper (0.7% copper equivalent at current market prices), including 160 metres grading 0.7 g/t gold + 0.4% copper (0.9% copper equivalent at current market prices). This high-grade zone appears to sit immediately underneath the rich covellite zone, starts at approximately 350 metres in depth, is at least 500 metres in thickness and remains open in all directions and at depth. UTD-008 is also testing the extent of this zone below the covellite rich zone.

Following the results of UTD-006, Barisan Gold has now identified three distinct high-grade zones at Upper Tengkereng, all of which are open in all directions and at depth. Drilling over the next few months will look to expand these high-grade zones, delineate them in more details and target the potential for additional high-grade zones. An updated investor presentation can be found on the Barisan Gold website, where a number of tables and maps show the location and grade distribution of all three high-grade zones.

Hole UTD-007

Drilling at hole UTD-007 began on May 7, 2014. UTD-007 is being drilled with an azimuth of 220 degrees and an inclination of 87 degrees from a new drill platform that has been built on the north side of the highway. The objectives of UTD-007 are to test the vertical true depth and length of the high-grade zone discovered on the eastern edge of the deposit in holes UTD-002, UTD-003 & UTD-005. Due to topographical challenges, the new drill platform could not be built immediately above the high-grade zone but is located 22 metres to northwest of the high-grade zone.

As of June 3, 2014, drilling at UTD-007 had reached 486 metres. Drilling has been slower than anticipated due to the unusually high rainfall experienced at site during most of the month of May. Since May 24, 2014, the rain has subsided and drilling is now progressing at a normal rate.

From surface until approximately 162 metres in length, UTD-007 intersected strong argillic-advanced argillic hydrothermal breccia mineralization. All four holes (UTD-003/004/005/006) drilled from that part of the deposit have intersected this mineralization in the first 100-200 metres from surface. This zone has returned material gold and copper assays in all previous four holes.

From 162 to 310 metres in length, UTD-007 intersected limestone sulfidic breccia mineralization. UTD-007 is being drilling from the eastern edge of the deposit adjacent to the limestone surface contact zone. Indications are that the limestone contact zone slightly curves into the porphyry deposit on the eastern edge at a depth of 150-300 metres. The limestone intersected contains gold and copper mineralization.

From approximately 326 metres until the present position, UTD-007 has intersected strong argillic altered feldspar porphyry intercut by hornblende feldspar porphyry mineralization as it entered the core of the deposit. Mineralization intersected in this section is akin to that in the high-grade zone intersected in holes UTD-002/003/005. Should this prove correct, UTD-007 would have extended the high-grade zone by another 100 metres closer to surface.

Hole UTD-007 is being planned to a maximum depth of 1,500 metres or until UTD-007 exits the high grade zone vertically or horizontally.

Hole UTD-008

Drilling at hole UTD-008 began on May 23, 2014. The hole is being drilled with an azimuth of 235 degrees and an inclination of 80 degrees from the same drill platform where holes UTD-005/006 were drilled. Barisan Gold had initially planned to drill UTD-008 from a new drill platform built in the south of the deposit area, however heavy rainfall during the month of May has rendered such a plan impossible due to the potential for landslides. That proposed hole will now be drilled later this year during the dry season.

Hole UTD-008 is being drilled such to scissor cut hole UTD-002. The objectives of UTD-008 are to (1) test the extension of the covellite rich zone intersected in UTD-002/006 and (2) test the extension of the chalcocite-chalcopyrite rich zone intersected in UTD-004/006.

As of June 3, 2014, drilling at UTD-008 had reached 462 metres. Drilling has been faster than anticipated, averaging over 40 metres per day.

From surface until approximately 62 metres in length, UTD-008 intersected strong argillic-advanced argillic hydrothermal breccia mineralization. Hole UTD-006 intersected this mineralization in the first 75 metres from surface and returned material gold and copper assays.

From approximately 62 metres until the present position, UTD-008 has intersected strong advanced argillic altered covellite rich silica-pyrophyllite-alunite porphyry mineralization. Mineralization intersected in this section is akin to that in the high-grade zone intersected in holes UTD-002/006. Should this prove correct, UTD-008 would have extended the high-grade zone by another 100 metres closer to surface and by 100 metres further at depth.

Hole UTD-008 is being planned to a maximum depth of 1,500 metres or until UTD-008 exits the high-grade chalcocite-chalcopyrite rich zone vertically or horizontally.

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.

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
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use cases.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
“With easy-to-use SDKs for Atmel’s platforms, IoT developers can now reap the benefits of realtime communication, and bypass the security pitfalls and configuration complexities that put IoT deployments at risk,” said Todd Greene, founder & CEO of PubNub. PubNub will team with Atmel at CES 2015 to launch full SDK support for Atmel’s MCU, MPU, and Wireless SoC platforms. Atmel developers now have access to PubNub’s secure Publish/Subscribe messaging with guaranteed ¼ second latencies across PubNub’s 14 global points-of-presence. PubNub delivers secure communication through firewalls, proxy ser...
The industrial software market has treated data with the mentality of “collect everything now, worry about how to use it later.” We now find ourselves buried in data, with the pervasive connectivity of the (Industrial) Internet of Things only piling on more numbers. There’s too much data and not enough information. In his session at @ThingsExpo, Bob Gates, Global Marketing Director, GE’s Intelligent Platforms business, to discuss how realizing the power of IoT, software developers are now focused on understanding how industrial data can create intelligence for industrial operations. Imagine ...
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impact.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.