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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 104 Metres of 1.0% Copper + 0.7g/t Gold (1.4% Copper Equivalent) Within 212 Metres 0.8% Copper + 0.6g...

23/06/2014 1:00pm

Marketwired Canada


Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce the first
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 been received from the first 400 metres of hole UTD-008. Hole
UTD-008 is being drilled parallel to UTD-002 but in an opposite direction,
scissor crossing that hole, with the objective of expanding and further defining
the second high grade zone discovered in holes UTD-002 and UTD-006. UTD-008 is
mineralized 4 metres from surface. From 296 to 400 metres, UTD-008 returned 104
metres of 0.7 g/t gold + 1.0% copper (1.4% copper equivalent at current market
prices) within a wider intercept of 212 metres of 0.6 g/t gold + 0.8% copper
(1.1% copper equivalent at current market prices). The high-grade mineralization
remains open down hole at a depth below 400 metres.




----------------------------------------------------------------------------
           From      To   Intercept     Gold    Copper  Gold Eq.  Copper Eq.
            (m)     (m)         (m)    (g/t)       (%)     (g.t)         (%)
----------------------------------------------------------------------------
              4     400         396     0.42      0.56       1.4         0.9
----------------------------------------------------------------------------
Incl.       188     400         212     0.57      0.75       1.8         1.1
----------------------------------------------------------------------------
Incl.       226     400         174     0.61      0.82       2.0         1.2
----------------------------------------------------------------------------
Incl.       296     400         104     0.74      0.95       2.3         1.4
----------------------------------------------------------------------------



Copper Eq. & Gold Eq. calculated using current market prices. No adjustments
have been made for metallurgical recovery as these remain uncertain at this
time.


Hole UTD-008, as a whole, is the highest-grade hole drilled so far at Upper
Tengkereng averaging 0.9% copper equivalent over its entire length to-date and
returning the first 100-metre long intercept of greater than 1% copper assays.
In addition to further validating the second high-grade zone initially
discovered in holes UTD-002 and UTD-006, UTD-008 has extended the high-grade
zone further to the south by over 50 metres and further at depth by another 50
metres. The high-grade zone is not limited to the first 400 metres with
indications it continues below that level.


This second high-grade zone, returning mineralization above 1.0% copper
equivalent, now covers an area of 100m x 100m at surface based on the three
holes drilled to-date and is open in all directions. Further drilling in that
area will seek 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.


"Drilling at Upper Tengkereng continues to return outstanding copper and gold
mineralization", said Alex Granger, Chief Executive Officer of Barisan Gold.
"UTD-008 has not only returned the highest grade intercept so far drilled at
Upper Tengkereng but has also done so in a zone that sits very close to surface,
reinforcing the economic potential of the deposit. The first high-grade zone
discovered at Upper Tengkereng seems to start 400-500 metres below surface. This
second high-grade zone starts within 150 metres from surface with significant
economic grades in the mineralization above it. Upper Tengkereng continues to
prove itself as a world-class discovery and, to-date, demonstrates the
possibility that the high-grade Upper Tengkereng discovery and associated
porphyry-style mineralization may develop into a meaningful copper-gold
deposit."


An updated investor presentation can be found on the Barisan Gold website, where
the tables and maps have been updated to show the location and grade
distribution of this newly validated high-grade zone.


Drilling continues at Upper Tengkereng despite minor technical issues at both
UTD-007 and UTD-008 that impacted drilling over the past couple of weeks.


Drilling at UTD-007 was interrupted for one week in early June due to technical
issues with the rig. Since June 15, 2014, drilling is back to normal and as of
June 21, 2014 drilling had reached 773 metres in length. UTD-007 is testing the
depths of the first high-grade zone discovered in the eastern part of the
deposit.


Drilling at UTD-008 was interrupted for a 10-day period in early June due to
technical issues with the rig. Since June 17, 2014, drilling is back to normal
and as of June 21, 2014, drilling had reached 640 metres in length. Visual
interpretation indicates that the high-grade zone continues at depth below 400
metres.


Barisan Gold retained the 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.


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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