Barisan Gold Commences Drilling Hole UTD-005 at Upper Tengkereng
29 January 2014 - 11:00PM
Marketwired
Barisan Gold Commences Drilling Hole UTD-005 at Upper Tengkereng
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 29, 2014) -
Barisan Gold Corporation (TSX-VENTURE:BG) is pleased to announce
that drilling has commenced at hole UTD-005 at its Upper Tengkereng
porphyry prospect, located in the Province of Aceh, Indonesia.
After further internal review, hole UTD-005 has been slightly
adjusted. It is now being drilled with an azimuth of 55 degrees and
an inclination of 78 degrees. The steeper incline is to align the
depths where it is anticipated UTD-005 will intersect the
high-grade zone identified at the bottom of UTD-002. The final 59
metres of UTD-002 intersected 1.2 g/t gold + 0.5% copper, the
highest grade intercept longer than 50 metres returned at Upper
Tengkereng so far. An updated map is available on the Barisan Gold
website (www.barisangold.com/barisanporphyry/uppertengkereng) that
shows the positioning of UTD-005 in relation to UTD-002. The
UTD-005 drill pad is situated 200 metres down hole of the UTD-002
drill pad in a north-easterly direction. As such, a steeper incline
of 78 degrees (versus 60 degrees at UTD-002) is required in order
to reach the same depth in the same general area of the high-grade
zone.
Based on internal geological models, UTD-005 should reach the
high-grade zone of UTD-002 at approximately the 520 metre mark.
UTD-005 is seeking to extend that high-grade zone both at depth and
in a northeast direction. The table below summarizes the assay
results for hole UTD-002, which were initially released on January
17, 2011 by the previous owner of the project who drilled that
hole, with a side-by-side comparison of what our internal
geological models predict will happen in UTD-005.
Hole UTD-005 is planned to a minimum length of 750 metres and a
maximum length of 1,750 metres depending on where the limestone
contact zone is intersected. As UTD-005 is being drilled towards
the limestone footprint located to the northeast of the diorite
footprint, it is anticipated that UTD-005 will intersect the
limestone contact zone at some point, as long as the limestone is
vertically dipping. If the limestone contact zone dips in a
straight vertical line, it will be intersected at approximately the
750-metre mark. If on the other hand, the limestone contact zone
dips in a horizontal line, UTD-005 will never intersect it, in
which case UTD-005 could be drilled up to 1,750 metres in length or
until mineralization is no longer intercepted.
UTD-002 |
|
|
UTD-005 |
Length |
Rock Type |
Gold |
Copper |
|
|
Projected Length |
0 - 6 m |
Soil |
- - |
- - |
|
|
0 - 6 m |
6 - 12 m |
Argillic, Hydro Breccia |
0.1 g/t |
0.1 |
% |
|
Part of UTD-002 located to the Southwest of UTD-005
Drill Pad |
12 - 66 m |
Advanced Argillic-Argillic, Volcaniclastic Sediments/Hydro
Breccia |
0.6 g/t |
0.3 |
% |
|
66 - 118 m |
Advanced Argillic, Volcaniclastic Sediments/Hydro Breccia |
0.3 g/t |
0.1 |
% |
|
118 - 226 m |
Advanced Argillic, Feldspar Porphyry |
0.2 g/t |
0.3 |
% |
|
226 - 294 m |
Advanced Argillic, Feldspar Porphyry |
0.3 g/t |
0.5 |
% |
|
294 - 340 m |
Advanced Argillic, Feldspar Porphyry |
0.4 g/t |
0.8 |
% |
|
340 - 402 m |
Phyllic, Feldspar Porphyry |
0.4 g/t |
0.3 |
% |
|
6 - 125 m |
402 - 460m |
Phyllic/Chlorite-Sericite, Hornblende Feldspar Porphyry |
0.5 g/t |
0.1 |
% |
|
125 - 200 m |
460 - 484 m |
Phyllic, Feldspar Porphyry |
0.1 g/t |
0.2 |
% |
|
200 - 230 m |
484 - 528 m |
Chlorite-Sericite, Hornblende Feldspar Porphyry |
0.3 g/t |
0.1 |
% |
|
230 - 300 m |
528 - 576 m |
Phyllic, Feldspar Porphyry |
0.3 g/t |
0.2 |
% |
|
300 - 400 m |
576 - 596 m |
Argillic-Phyllic, Feldspar Porphyry |
0.9 g/t |
0.3 |
% |
|
400 - 450 m |
596 - 638 m |
Unaltered, Hornblende Diorite |
Barren Zone |
|
|
450 - 525 m |
638 - 697 m |
Argillic-Phyllic, Feldspar Porphyry |
1.2 g/t |
0.5 |
% |
|
525 - 675 m |
- - |
??? |
Hole Ended at 697 m |
|
|
675 - 750 m |
- - |
Limestone |
Hole Ended at 697 m |
|
|
From 750 m |
Based on the drilling pace achieved at UTD-003 and UTD-004, it
is anticipated that UTD-005 will reach the 520-metre mark of hole
UTD-005 during the week of February 17, 2014 and reach the
750-metre mark during the week of March 3, 2014.
Separately, final assays for 986-1,465 metre section of UTD-004
are currently being analyzed by PT Intertek Indonesia and will be
released once they have been submitted and reviewed by Barisan
Gold.
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 info@barisangold.com
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.
Barisan Gold CorporationSteven FeldmanManager Investor Relations
- Vancouver+1 604 684
8676info@barisangold.comwww.barisangold.com
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