Click here to close now.

Welcome!

Apache Authors: Pat Romanski, Carmen Gonzalez, Elizabeth White, Liz McMillan, Roger Strukhoff

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
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understanding the kinds of data: structured, unstructured, big/small? Analytics: What kinds and how responsiv...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Sensor-enabled things are becoming more commonplace, precursors to a larger and more complex framework that most consider the ultimate promise of the IoT: things connecting, interacting, sharing, storing, and over time perhaps learning and predicting based on habits, behaviors, location, preferences, purchases and more. In his session at @ThingsExpo, Tom Wesselman, Director of Communications Ecosystem Architecture at Plantronics, will examine the still nascent IoT as it is coalescing, including what it is today, what it might ultimately be, the role of wearable tech, and technology gaps stil...
Advanced Persistent Threats (APTs) are increasing at an unprecedented rate. The threat landscape of today is drastically different than just a few years ago. Attacks are much more organized and sophisticated. They are harder to detect and even harder to anticipate. In the foreseeable future it's going to get a whole lot harder. Everything you know today will change. Keeping up with this changing landscape is already a daunting task. Your organization needs to use the latest tools, methods and expertise to guard against those threats. But will that be enough? In the foreseeable future attacks w...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, 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. Meanwhile, 94% of enterprises are using some form of XaaS – software, platform, and infrastructure as a service.
Cloud is not a commodity. And no matter what you call it, computing doesn’t come out of the sky. It comes from physical hardware inside brick and mortar facilities connected by hundreds of miles of networking cable. And no two clouds are built the same way. SoftLayer gives you the highest performing cloud infrastructure available. One platform that takes data centers around the world that are full of the widest range of cloud computing options, and then integrates and automates everything. Join SoftLayer on June 9 at 16th Cloud Expo to learn about IBM Cloud's SoftLayer platform, explore se...
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @ThingsExpo, Michael Sick, a Senior Manager and Big Data Architect within Ernst and Young's Financial Servi...
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete between sessions.
The 3rd International @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 – is now accepting Hackathon proposals. Hackathon sponsorship benefits include general brand exposure and increasing engagement with the developer ecosystem. At Cloud Expo 2014 Silicon Valley, IBM held the Bluemix Developer Playground on November 5 and ElasticBox held the DevOps Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of...
In the consumer IoT, everything is new, and the IT world of bits and bytes holds sway. But industrial and commercial realms encompass operational technology (OT) that has been around for 25 or 50 years. This grittier, pre-IP, more hands-on world has much to gain from Industrial IoT (IIoT) applications and principles. But adding sensors and wireless connectivity won’t work in environments that demand unwavering reliability and performance. In his session at @ThingsExpo, Ron Sege, CEO of Echelon, will discuss how as enterprise IT embraces other IoT-related technology trends, enterprises with i...
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise behind this presentation will provide attendees with a leading edge view of rapidly emerging IoT oppor...
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 ...
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make smarter decisions, faster.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps 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 today!
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a business application to multiple users (multi-tenancy). Docker, a container technology, was used to ...
Hadoop as a Service (as offered by handful of niche vendors now) is a cloud computing solution that makes medium and large-scale data processing accessible, easy, fast and inexpensive. In his session at Big Data Expo, Kumar Ramamurthy, Vice President and Chief Technologist, EIM & Big Data, at Virtusa, will discuss how this is achieved by eliminating the operational challenges of running Hadoop, so one can focus on business growth. The fragmented Hadoop distribution world and various PaaS solutions that provide a Hadoop flavor either make choices for customers very flexible in the name of opti...
For years, we’ve relied too heavily on individual network functions or simplistic cloud controllers. However, they are no longer enough for today’s modern cloud data center. Businesses need a comprehensive platform architecture in order to deliver a complete networking suite for IoT environment based on OpenStack. In his session at @ThingsExpo, Dhiraj Sehgal from PLUMgrid will discuss what a holistic networking solution should really entail, and how to build a complete platform that is scalable, secure, agile and automated.
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. 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 Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal an...