Welcome!

Apache Authors: Anne Buff, Bob Gourley, Elizabeth White, Liz McMillan, Roger Strukhoff

News Feed Item

Barisan Gold Intersects 412 Metres of 0.7g/t Gold + 0.7% Copper (1.1% Copper Equivalent) in Hole UTD-008 at Its Upper Tengkereng Discovery

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/21/14 -- Barisan Gold Corporation (TSX VENTURE: BG) is pleased to announce the second tranche of assay results for hole UTD-008 at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Assays have now been received from the first 600 metres of hole UTD-008 with the first 400 metres disclosed in the Company's press release dated June 23, 2014. UTD-008 was drilled parallel to UTD-002 but in an opposite direction, scissor crossing that hole, with an azimuth of 235 degrees and an inclination of 80 degrees from the same drill platform as UTD-005 & UTD-006. UTD-008 was completed on July 6, 2014 at a final length of 994 metres.

Hole UTD-008 is mineralized 4 metres from surface and, as a whole, is the highest-grade hole drilled so far at Upper Tengkereng averaging over 0.9% copper equivalent (1.5g/t gold equivalent) over its entire length to-date. From 188 to 600 metres, UTD-008 returned 412 metres of 0.7g/t gold + 0.7% copper (1.1% copper equivalent at current market prices). High-grade mineralization remains open down hole at a depth below 600 metres with the final 32 metres of the intercept (from 568 to 600 metres) returning 0.9 g/t gold + 0.6% copper (1.2% copper equivalent at current market prices).


----------------------------------------------------------------------------
          From       To  Intercept      Gold    Copper   Gold Eq.     Copper
           (m)      (m)        (m)     (g/t)       (%)      (g.t)    Eq. (%)
----------------------------------------------------------------------------
             4      600        596      0.56      0.55        1.5        0.9
----------------------------------------------------------------------------
Incl.      188      600        412      0.70      0.65        1.8        1.1
----------------------------------------------------------------------------
Incl.      188      464        276      0.68      0.74        1.9        1.2
----------------------------------------------------------------------------
Incl.      296      464        168      0.85      0.85        2.3        1.4
----------------------------------------------------------------------------
And        464      600        136      0.76      0.47        1.6        1.0
----------------------------------------------------------------------------
Incl.      568      600         32      0.93      0.58        1.9        1.2
----------------------------------------------------------------------------
Copper Eq. & Gold Eq. calculated using current market prices.
No adjustments have been made for metallurgical recovery as these remain
 uncertain at this time.

The mineralization in hole UTD-008 can be generally characterized as follows: (a) from 4 to 188 metres, top layer of advanced argillic altered hydro breccia mineralization, (b) from 188 to 464 meters, high-grade covellite rich silica-pyrophyllite-alunite mineralization and (c) from 464 to 600 metres, high-grade chalcocite-chalcopyrite mineralization. Hole UTD-008 has validated the high-grade zone initially intercepted in holes UTD-002 and UTD-006. Drilling to-date indicates this zone lies very close to surface (within 100 metres) and has a higher copper-to-gold ratio than the first high-grade zone discovered at depth in the eastern part of the deposit. This high-grade zone now covers an area of 100m x 100m at surface based on the three holes drilled to-date and is open in all directions.

Drilling has commenced at hole UTD-009, which is seeking to identify the width of the high-grade zone on a north-south axis as all three holes so far have been drilled on an east-west axis.

"Hole UTD-008 continues to return spectacular assays," said Alex Granger, Chief Executive Officer of Barisan Gold. "This 400+ metre intercept at 1.1% copper equivalent is twice the length of the previous longest intercept above 1% copper equivalent returned in the first seven holes at Upper Tengkereng. We now have a significantly large high-grade zone that sits right at surface and remains open in all directions. Hole UTD-009 will seek to add a third dimension, on a north-south axis, to what has currently been delineated. UTD-009 has the potential to significantly grow the size of this high-grade zone."

Following completion of UTD-008, the rig was moved approximately 50 metres to the south to a newly built drill platform from which UTD-009 is currently being drilled (see updated maps and charts in the investor presentation on the Barisan Gold website). UTD-009 is being drilled with an azimuth of 302 degrees and a dip of 50 degrees. Hole UTD-009 is the first hole to be drilled on a north-south axis into the high-grade zone validated in hole UTD-008. The objective of hole UTD-009 is to test the width of the high-grade covellite rich silica-pyrophyllite-alunite mineralization on a north-south basis. As the covellite rich zone sits within 500 metres from surface, UTD-009 is being drilled with a shallow dip, in an attempt to test the true width of the zone without exiting it vertically.

Drilling at hole UTD-009 began on July 11, 2014. As of July 19, 2014, UTD-009 had reach 239 metres in length and visual indications are that it entered the high-grade covellite rich zone from approximately the 50-metre mark, which continues until the current position. If this is confirmed through assays, it will have intersected the high-grade zone 100 metres closer to surface than in previous holes.

Later this week, the Company anticipates to disclose initial assays for hole UTD-007, which was recently completed, as well as give an update on drilling at hole UTD-010. It should be noted that drilling is expected to be suspended at Upper Tengkereng from approximately July 27, 2014 to August 3, 2014 so that Barisan Gold's Indonesian employees can celebrate the Idul Fitri holiday with their respective families.

Barisan Gold retained the independent laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-008, 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
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accelerate their digital channels with APIs, drive partner adoption, monetize their assets, and achieve a...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue business and deliver exceptional experiences to their customers.
SYS-CON Events announced today that AgilePoint, the leading provider of Microsoft-centric Business Process Management software, will exhibit at SYS-CON's 2nd International @ThingsExpo which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. AgilePoint is the leading provider of Microsoft-based Business Process Management (BPM) software products, has 1,300+ on-premise and cloud deployments in 25+ countries and provides the same advanced BPM feature set as J2EE vendors like IBM and Appian for the Microsoft .NET native environment. AgilePoint customer...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at Internet of @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., will show what is needed to leverage the IoT to transform your business. He will discuss opportunities and challenges ahead for the IoT from a market and tec...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build s...
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, will describe an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people’s real needs and desires.
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 Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss 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! Speaker Bio: Esmeralda Swartz, CMO of MetraTech, has spent 16 years as a marketing, product management, and busin...
SYS-CON Events announced today that TeleStax, the main sponsor of Mobicents, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. TeleStax provides Open Source Communications software and services that facilitate the shift from legacy SS7 based IN networks to IP based LTE and IMS networks hosted on private (on-premise), hybrid or public clouds. TeleStax products include Restcomm, JSLEE, SMSC Gateway, USSD Gateway, SS7 Resource Adaptors, SIP Servlets, Rich Multimedia Services, Presence Services/RCS, Diame...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: Samsung recognizes that true, accelerated innovation cannot be driven from one source, but requires a...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
SYS-CON Events announces a new pavilion on the Cloud Expo floor where WebRTC converges with the Internet of Things. Pavilion will showcase WebRTC and the Internet of Things. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. 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.
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic strategies that utility/cloud computing provides. Whether public, private, or in a hybrid form, clo...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, a...
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at Internet of @ThingsExpo, Andrew Bolwell, Director of Innovation for HP’s Printing and Personal Systems Group, will discuss how key attributes of mobile technology – touch input, senso...
The Internet of Things (IoT) is making everything it touches smarter – smart devices, smart cars and smart cities. And lucky us, we’re just beginning to reap the benefits as we work toward a networked society. However, this technology-driven innovation is impacting more than just individuals. The IoT has an environmental impact as well, which brings us to the theme of this month’s #IoTuesday Twitter chat. The ability to remove inefficiencies through connected objects is driving change throughout every sector, including waste management. BigBelly Solar, located just outside of Boston, is trans...
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics...
Internet of @ThingsExpo Silicon Valley announced on Thursday its first 12 all-star speakers and sessions for its upcoming event, which will take place November 4-6, 2014, at the Santa Clara Convention Center in California. @ThingsExpo, the first and largest IoT event in the world, debuted at the Javits Center in New York City in June 10-12, 2014 with over 6,000 delegates attending the conference. Among the first 12 announced world class speakers, IBM will present two highly popular IoT sessions, which will take place November 4-6, 2014 at the Santa Clara Convention Center in Santa Clara, Calif...
From a software development perspective IoT is about programming "things," about connecting them with each other or integrating them with existing applications. In his session at @ThingsExpo, Yakov Fain, co-founder of Farata Systems and SuranceBay, will show you how small IoT-enabled devices from multiple manufacturers can be integrated into the workflow of an enterprise application. This is a practical demo of building a framework and components in HTML/Java/Mobile technologies to serve as a platform that can integrate new devices as they become available on the market.