Click here to close now.

SYS-CON MEDIA Authors: Elizabeth White, Pat Romanski, Yeshim Deniz, Liz McMillan, tru welu

News Feed Item

Barisan Gold Commences Drilling Hole UTD-005 at Upper Tengkereng

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/29/14 -- 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
----------------------------------------------------------------------------
                                                                   Projected
Length       Rock Type                         Gold   Copper          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 [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.

Latest Stories
"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.
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the...
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists will address the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affec...
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 bu...
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Malcolm Rieke, the Director of Product Management at Catbird, discussed the impact of this new paradigm and what organizations can do today to safely move to software-defined network and compute architectures, including: ...
Operational Hadoop and the Lambda Architecture for Streaming Data Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing...
An effective way of thinking in Big Data is composed of a methodical framework for dealing with the predicted shortage of 50-60% of the qualified Big Data resources in the U.S. This holistic model comprises the scientific and engineering steps that are involved in accelerating Big Data solutions: problem, diagnosis, facts, analysis, hypothesis, solution, prototype and implementation. In his session at Big Data Expo®, Tony Shan focused on the concept, importance, and considerations for each of t...
There has been a lot of discussion recently in the DevOps space over whether there is a unique form of DevOps for large enterprises or is it just vendors looking to sell services and tools. In his session at DevOps Summit, Chris Riley, a technologist, discussed whether Enterprise DevOps is a unique species or not. What makes DevOps adoption in the enterprise unique or what doesn’t? Unique or not, what does this mean for adopting DevOps in enterprise size organizations? He also explored differe...
Cloud Foundry open Platform as a Service makes it easy to operate, scale and deploy application for your dedicated cloud environments. It enables developers and operators to be significantly more agile, writing great applications and deliver them in days instead of months. Cloud Foundry takes care of all the infrastructure and network plumbing that you need to build, run and operate your applications and can do this while patching and updating systems and services without any downtime.
Cloud and Big Data present unique dilemmas: embracing the benefits of these new technologies while maintaining the security of your organization's assets. When an outside party owns, controls and manages your infrastructure and computational resources, how can you be assured that sensitive data remains private and secure? How do you best protect data in mixed use cloud and big data infrastructure sets? Can you still satisfy the full range of reporting, compliance and regulatory requirements? In...
T-Mobile has been transforming the wireless industry with its “Uncarrier” initiatives. Today as T-Mobile’s IT organization works to transform itself in a like manner, technical foundations built over the last couple of years are now key to their drive for more Agile delivery practices. In his session at DevOps Summit, Martin Krienke, Sr Development Manager at T-Mobile, will discuss where they started their Continuous Delivery journey, where they are today, and where they are going in an effort ...
Big Data is amazing, it's life changing and yes it is changing how we see our world. Big Data, however, can sometimes be too big. Organizations that are not amassing massive amounts of information and feeding into their decision buckets, smaller data that feeds in from customer buying patterns, buying decisions and buying influences can be more useful when used in the right way. In their session at Big Data Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positi...
Storage administrators find themselves walking a line between meeting employees’ demands to use public cloud storage services, and their organizations’ need to store information on-premises for security, performance, cost and compliance reasons. However, as file sharing protocols like CIFS and NFS continue to lose their relevance, simply relying only on a NAS-based environment creates inefficiencies that hurt productivity and the bottom line. IT wants to implement cloud storage it can purchase a...
The cloud is everywhere and growing, and with it SaaS has become an accepted means for software delivery. SaaS is more than just a technology, it is a thriving business model estimated to be worth around $53 billion dollars by 2015, according to IDC. The question is - how do you build and scale a profitable SaaS business model? In his session at 15th Cloud Expo, Jason Cumberland, Vice President, SaaS Solutions at Dimension Data, discussed the common mistakes businesses make when transitioning t...
Are your Big Data initiatives resulting in Big Impact or Big Mess? In her session at Big Data Expo, Penelope Everall Gordon, Emerging Technology Strategist at 1Plug Corporation, shared her successes in improving Big Decision outcomes by building stories compelling to the target audience – and her failures when she lost sight of the plotline, distracted by the glitter of technology and the lure of buried insights. The cast of characters includes the agency head [city official? elected official?...