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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 Intersects 190 Metres of 1.3 g/t Gold & 0.6% Copper (1.4% Copper Equivalent) Within 348 Metres of 0.9 g/t Gold &...

31/03/2014 1:00pm

Marketwired Canada


Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce drill results
for hole UTD-005 at its Upper Tengkereng gold-copper porphyry prospect, located
in the Province of Aceh, Indonesia.


Hole UTD-005 was completed on March 17, 2014 at a final length of 1,121 metres.
UTD-005 is the most successful drill hole to date at Upper Tengkereng in terms
of both grades and intercept width. From 520 to 710 metres, UTD-005 returned 190
metres of 1.3 g/t gold + 0.6% copper (1.4% copper equivalent at current market
prices) within a wider intercept of 348 metres of 0.9 g/t gold + 0.4% copper
(1.0% copper equivalent at current market prices). In addition, higher up hole,
from 442 to 472 metres, UTD-005 returned 30 metres of 0.8 g/t gold + 0.3% copper
+ 0.002% molybdenum (0.8% copper equivalent).


"Hole UTD-005 is an extraordinary drill hole and continues to validate Upper
Tengkereng's potential as a significant new gold-copper porphyry system in a
country that hosts some of the world's richest porphyry deposits," said Alex
Granger, Chief Executive Officer of Barisan Gold. "Our geological models had
predicted a 150 metre wide high grade zone of 1% copper equivalent from 525
metres; instead UTD-005 hit a 348 metre high grade zone of 1% copper equivalent
from 520 metres. In addition, our geological models had predicted we would hit
the vertical limestone contact wall at the 750 metre mark; instead limestone was
never intersected anywhere along the hole. This has resulted in changes to our
geological models which now show an extended and wider high grade zone and a
limestone contact zone that is diagonally dipping away from the deposit rather
than vertical."


Hole UTD-005 was drilled with an azimuth of 55 degrees and an inclination of 78
degrees. The hole was mineralized six metres from surface until the bottom of
the hole. Two narrow barren zones (same as the ones intersected in holes
UTD-002/003/004) were intersected at the 126-258 metre level and 472-520 metre
level. From the 956-metre level, UTD-005 entered volcanoclastic sedimentary
rock. At the contact between the porphyry and volcanoclastic sedimentary rock,
UTD-005 intersected a skarn/calc-silicate zone which returned, from 956-970
metres, 14 metres at 0.3 g/t gold + 0.3% copper + 1.1% zinc. From 970 metres,
the volcanoclastic sedimentary zone remains mineralized, albeit at lower grades
than those experienced in the porphyry/diorite zones. The presence of this
skarn/calc-silicate zone in UTD-005 makes it more likely that there exists skarn
mineralization at the contact zone between the limestone and the porphyry,
which, if present, would likely be of much higher grade than this
skarn/calc-silicate zone as the skarn identified in UTD-005 is only affected by
calcareous sediment, not pure limestone. No limestone was intersected in
UTD-005, which indicates that the limestone cap located east and north of the
diorite footprint is not vertically dipping but more likely diagonally dipping
away from the deposit, horizontally lying or sitting much closer to surface. An
updated geological interpretation of the UTD-002/005 cross section can be found
in the latest version of the investor presentation located on the Barisan Gold
website (www.barisangold.com).


Assays have been received for the first 1,000 metres of UTD-005, results of
which are presented below. Assays for the remaining of the final 121 metres are
pending but are assumed to not be meaningful as that zone is located in the
volcanoclastic rock.




----------------------------------------------------------------------------
From     To  Interval     Gold   Copper          Moly              Rock Type
(m)     (m)       (m)    (g/t)      (%)           (%)                       
----------------------------------------------------------------------------
6        76        70     0.31     0.30         0.014  AA-ARG, Hydro Breccia
----------------------------------------------------------------------------
76       90        14     0.09     0.09         0.001               ARG, HFP
----------------------------------------------------------------------------
90      126        36     0.27     0.19         0.001     ARG, Hydro Breccia
----------------------------------------------------------------------------
126     258       132  Barren Zone (grade below 0.1%         Propylitic, HDI
                                copper eq.)                                 
----------------------------------------------------------------------------
258     280        22     0.60     0.21         0.001  AA-ARG, Hydro Breccia
----------------------------------------------------------------------------
280     302        22     0.53     0.13         0.001               ARG, HFP
----------------------------------------------------------------------------
302     370        68     0.59     0.24         0.001     AA-ARG/Phyllic, FP
----------------------------------------------------------------------------
370     378         8     0.15     0.02         0.010               ARG, HFP
----------------------------------------------------------------------------
378     442        64     0.41     0.12         0.001           Phyllic/ARG,
                                                        HFP/FP/Hydro Breccia
----------------------------------------------------------------------------
442     472        30     0.81     0.25         0.002     AA-ARG/Phyllic, FP
----------------------------------------------------------------------------
472     520        48  Barren Zone (grade below 0.1%         Propylitic, HDI
                                copper eq.)                                 
----------------------------------------------------------------------------
520     710       190     1.30     0.55         0.001       ARG/Phyllic/SCC/
                                                                Potassic, FP
----------------------------------------------------------------------------
710     714         4     0.10     0.05         0.002        Propylitic, HFP
----------------------------------------------------------------------------
714     742        28     0.65     0.48         0.002      SCC/Potassic, EDI
----------------------------------------------------------------------------
742     868       126     0.25     0.19         0.001      SCC/Potassic, EDI
----------------------------------------------------------------------------
868     956        88     0.13     0.11         0.020      SCC/Potassic, EDI
----------------------------------------------------------------------------
956     970        14     0.25     0.30         0.002   Skarn/Calc-Silicate,
                                                             Volcanoclastics
                                                                   Sediments
----------------------------------------------------------------------------
970   1,000        30     0.06     0.06         0.001        SCC/Propylitic,
                                                             Volcanoclastics
                                                                   Sediments
----------------------------------------------------------------------------
AA-ARG = Advanced Argillic-Argillic, ARG = Argillic, UA = Unaltered, SCC =  
 Chlorite-Sericite                                                          
FP = Feldspar Porphyry, HFP = Hornblende Feldspar Porphyry, HDI = Hornblende
 Diorite, EDI = Equigranular Diorite                                        



In light of the results of UTD-005 (more precisely the presence of
skarn/calc-silicate and the lack of limestone), Barisan Gold has hired, on a
two-month contract, a team of geologists, whose sole focus will be to map in
detail the limestone area sitting to the east and north of the diorite
footprint. Barisan Gold aims to identify key areas and build a drill pad atop
the limestone over the next few months in order to drill test the potential for
skarn mineralization at the contact zone between the porphyry and the limestone.


In the meantime, drilling continues at Upper Tengkereng and, on March 26, 2014,
drilling commenced at hole UTD-006. UTD-006 is being drilled using the same
drill platform as UTD-005 with an azimuth of 267 degrees and an inclination of
75 degrees. UTD-006 has been planned to test the south western part of the
diorite footprint where there hasn't been any drilling to date. The azimuth is
lined up to intersect one of the four high grade copper-gold geochemical
anomalies mapped at surface, located at the south west corner of the diorite
footprint. UTD-006 is also expected to intersect, in the upper parts of the
hole, the high grade copper quartz-alunite zone where UTD-002 intersected 114
metres at 0.3 g/t gold + 0.7% copper from 226 metres to 340 metres in length.
UTD-006 is planned to a length of 1,500 metres, which is where it is expected to
reach the western edge of the diorite footprint. An updated map is available on
the Barisan Gold website (www.barisangold.com/barisanporphyry/uppertengkereng)
that shows the positioning and direction of UTD-006.


As of March 29, 2014, UTD-006 had reached a length of 100 metres. The hole is
mineralized 1 metre from surface until the current position. Assuming forecast
drilling pace is maintained, UTD-006 should reach 1,500 metres towards the end
of May 2014.


Barisan Gold retained the laboratory services of PT Intertek Utama Services of
Jakarta, Indonesia, which, in the case of UTD-005, 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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