Welcome!

Apache Authors: Pat Romanski, Liz McMillan, Elizabeth White, Janakiram MSV, Gil Allouche

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
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Technology vendors and analysts are eager to paint a rosy picture of how wonderful IoT is and why your deployment will be great with the use of their products and services. While it is easy to showcase successful IoT solutions, identifying IoT systems that missed the mark or failed can often provide more in the way of key lessons learned. In his session at @ThingsExpo, Peter Vanderminden, Principal Industry Analyst for IoT & Digital Supply Chain to Flatiron Strategies, will focus on how IoT de...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
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...
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
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, will discuss 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. The session will include a working demo and a technical d...