Barisan Gold Intersects 290 Metres of 0.8g/t Gold + 0.5% Copper (1.0% Copper Equivalent) in Hole UTD-007 at Its Upper Tengkereng Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 23, 2014) - Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce the first tranche of assay results for hole UTD-007 at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.
Assays have been received from the first 800 metres of hole UTD-007. Hole UTD-007 was drilled with an azimuth of 220 degrees and an inclination of 87 degrees from a new drill platform located on the eastern edge of the first high-grade zone discovered at Upper Tengkereng. Hole UTD-007 was completed on July 9, 2014 at a final length of 1,185 metres.
As a result of being drilled from a platform sitting outside the mineralized intrusive, in a direction back towards the deposit, UTD-007 entered mineralization 292 metres from surface. From 292 to 800 metres, UTD-007 returned 508 metres of 0.7 g/t gold + 0.4% copper (0.8% copper equivalent at current market prices), ranking it the second highest grade hole drilled to-date at Upper Tengkereng after hole UTD-008.
The high-grade chalcocite-chalcopyrite rich zone starts at the 510-metre mark and continues to the end of the assays received to-date. From 510 to 800 metres, UTD-007 returned 290 metres of 0.8 g/t gold + 0.5% copper (1.0% copper equivalent at current market prices). The high-grade mineralization remains open down hole at a depth below 800 metres with 144 metres towards the bottom of the intercept (from 644 to 788 metres) returning 0.9 g/t gold + 0.5% copper (1.1% copper equivalent at current market prices).
From (m) |
To (m) |
Intercept (m) |
Gold (g/t) |
Copper (%) |
Gold Eq. (g.t) |
Copper Eq. (%) |
|
292 | 800 | 508 | 0.65 | 0.38 | 1.3 | 0.8 | |
Incl. | 510 | 800 | 290 | 0.83 | 0.49 | 1.7 | 1.0 |
Incl. | 510 | 598 | 88 | 0.93 | 0.53 | 1.8 | 1.1 |
And | 644 | 788 | 144 | 0.94 | 0.48 | 1.7 | 1.1 |
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 initial objective of hole UTD-007 was to drill a vertical hole into the first high-grade zone discovered at Upper Tengkereng in an attempt to determine the true vertical width of that high-grade zone as well as determine how close to surface the high-grade zone actually begins. This objective was unfortunately not met as the location of the drill pad emerged too far east of the deposit and high-grade zone. As a result a new drill platform has been built, directly above the high-grade zone from which UTD-010 is currently being drilled to achieve the original objective of UTD-007.