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BG

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Share Name Share Symbol Market Type
TSXV:BG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Barisan Gold Discovers Second High Grade Zone at Upper Tengkereng Gold-Copper Porphyry Discovery With 272 Metres of 0.6 g/t G...

12/05/2014 1:00pm

Marketwired Canada


Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce that drilling
at hole UTD-006 has confirmed the presence of a second distinct high-grade zone
located in the south-central part of the Upper Tengkereng gold-copper porphyry
discovery, located in the Province of Aceh, Indonesia.


Assays have been received from the first 600 metres of hole UTD-006, which
confirm the existence of a second high-grade zone. From 142 to 414 metres,
UTD-006 returned 272 metres of 0.6 g/t gold + 0.6% copper (1.0% copper
equivalent at current market prices) within a wider intercept of 458 metres of
0.6 g/t gold + 0.5% copper (0.9% copper equivalent at current market prices).
This new high-grade zone remains open down hole and is anticipated to return
meaningful grades until at least the 730-metre mark in length.


This newly validated high-grade zone was initially encountered in the upper part
of hole UTD-002, where 114 metres at 0.3 g/t gold + 0.7% copper from 226 metres
to 340 metres was intersected. UTD-006 was drilled approximately 110 metres
north of UTD-002, also on an east-west axis, and intersected that same
mineralization, hence validating this as a high-grade zone. An updated investor
presentation has been uploaded onto the Barisan Gold website, where a number of
tables and maps show the location and grade distribution of this newly
discovered high-grade zone.


This high-grade zone (#2) is separate and distinct from the high-grade zone
previously discovered in the eastern part of the deposit (#1) by holes
UTD-002/003/005. High-grade zone #2 is characterized by covellite rich
mineralization located within a strong advanced argillic altered zone.
High-grade zone #2 starts close to surface (intersected at approximately 100
metre true depth in UTD-006) and contains a higher concentration of
copper-to-gold, 60:40 (Cu:Au ratio at current market prices). On the other hand,
high-grade zone #1, located in the eastern part of the porphyry discovery is
characterized by chalcopyrite-chalcocite rich mineralization located within a
strong advanced argillic-phyllic/chlorite-sericite zone. High-grade zone #1 has
been intersected deeper (intersected at approximately 400 metre true depth in
UTD-003) and contains a more balanced concentration of copper-to-gold, 45:55
(Cu:Au at current market prices).


The following table summarizes the results received in the first 6 holes of the
two high-grades that have been validated.




----------------------------------------------------------------------------
                                     Cu                                     
       From  To Intercept    Au  Cu eq.                                     
Hole #  (m) (m)       (m) (g/t) (%) (%)      Main Mineralization  Alteration
----------------------------------------------------------------------------
High-Grade Zone #1                                                          
----------------------------------------------------------------------------
                                                                   Argillic-
002     638 696        58   1.2 0.5 1.2  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
003     428 690       262   0.8 0.5 1.0  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                   Argillic-
005     520 710       190   1.3 0.6 1.3  Chalcopyrite/Chalcocite     Phyllic
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
High-Grade Zone #2                                                          
----------------------------------------------------------------------------
                                                                    Advanced
002     254 340        86   0.4 0.7 1.0                Covellite    Argillic
----------------------------------------------------------------------------
                                                                    Advanced
006     142 414       272   0.6 0.6 1.0                Covellite    Argillic
----------------------------------------------------------------------------
Cu Eq. calculated using current market prices                               



"We are extremely pleased with the results of hole UTD-006", said Alex Granger,
Chief Executive Officer of Barisan Gold. "Discovering a new high-grade zone that
sits right at surface and has the highest copper values intersected so far has
significantly improved the economics of the Upper Tengkereng deposit. The Upper
Tengkereng discovery continues to produce stellar results with all six holes
drilled so far returning meaningful intercepts over 1% copper equivalent. We
have now validated two material high-grade zones and identified the potential
for two more that have yet to be validated. Additional blue sky opportunities
remain under the limestone cap located to the east of the deposit, under the
hydro-breccia located to the south of the deposit and below the high-grade soil
geochemistry anomalies."


As a whole, UTD-006 is the highest-grade hole that has been drilled so far at
Upper Tengkereng. UTD-006 is mineralized 4 metres from surface and returned a
596-metre intercept grading 0.5g/t gold + 0.4% copper (0.7% copper equivalent at
current market prices) over the entire length of the hole so far. Summary assay
results are presented in the following table.




----------------------------------------------------------------------------
From       To  Interval   Gold   Copper    Moly                    Rock Type
                                                                            
(m)       (m)       (m)  (g/t)      (%)     (%)                             
----------------------------------------------------------------------------
4          34        30   0.27     0.26   0.019           ARG, Hydro Breccia
----------------------------------------------------------------------------
34         56        22   0.18     0.09   0.005                  AA-ARG, HFP
----------------------------------------------------------------------------
56         74        18   0.29     0.50   0.014        AA-ARG, Hydro Breccia
----------------------------------------------------------------------------
74         82         8   0.14     0.06   0.007                     ARG, HFP
----------------------------------------------------------------------------
82        104        22   0.24     0.43   0.019                   AA-ARG, FP
----------------------------------------------------------------------------
104       140        36   0.20     0.07   0.005                     ARG, HFP
----------------------------------------------------------------------------
140       288       148   0.57     0.64   0.006                   AA-ARG, FP
----------------------------------------------------------------------------
288       290         2   0.19     0.25   0.003                 Phyllic, HFP
----------------------------------------------------------------------------
290       600       310   0.58     0.37   0.007       AA-ARG/Phyllic/SCC, FP
----------------------------------------------------------------------------
AA-ARG = Advanced Argillic-Argillic, ARG = Argillic, SCC = Chlorite-Sericite
FP = Feldspar Porphyry, HFP = Hornblende Feldspar Porphyry                  



Following the discovery of a new high-grade zone located in the south-central
part of the porphyry, Barisan Gold has decided to build a new drill platform at
the southern end of the deposit. Hole UTD-008, which is currently in the
preparation stage, will target the high-grade zone #2 on a north-south axis
(UTD-002/006 were both drilled on an east-west axis) to determine the true width
of the high-grade zone on that axis. UTD-008 will also target a high-grade
intercept from hole UTD-004 further to the north where UTD-004 returned 242
metres of 0.6g/t gold + 0.4% copper (0.8% copper equivalent) from 664 metres to
906 metres. More details about hole UTD-008 will be provided once drilling plans
are finalized on this new platform.


Barisan Gold remains well financed to advance the next stage of drilling at its
Upper Tengkereng gold-copper porphyry discovery.


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
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Barisan Gold Corporation
Steven Feldman
Manager Investor Relations
+1 604 684 8676
info@barisangold.com
www.barisangold.com

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