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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 412 Metres of 0.7g/t Gold + 0.7% Copper (1.1% Copper Equivalent) in Hole UTD-008 at Its Upper Tengker...

21/07/2014 1:00pm

Marketwired Canada


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
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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