Barisan Gold Continues to Extend the High-Grade Zone at Its Upper Tengkereng Porphyry Discovery
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2014) - Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce the latest assay results from the current drill program at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.
Since mid July, Barisan Gold has embarked on an 18-month drill program with the objective of producing a maiden mineral resource estimate in accordance with NI 43-101 that will cover the high-grade zone identified near-surface in the south-central part of the deposit at Upper Tengkereng. The first part of the drill program, which is currently ongoing, consists of delineating the boundaries of the high-grade zone whereas the second part of the drill program is anticipated to consist of a more grid-like drilling pattern to enable the calculation of the maiden resource.
Assay results have now been received for the first three holes of this drilling program (holes UTD-009/011/012) and the key intercepts are presented in the below table. Drilling has continued to extend the high-grade zone with hole UTD-009 pushing the boundaries in a northerly direction and hole UTD-012 in a southerly direction. UTD-012 in particular returned some of the highest grade intercepts to-date at Upper Tengkereng with a 412 metre intercept of 0.9 g/t gold + 0.5% copper (1.0% copper equivalent at current market prices), which includes the highest-grade 100 metre intercept drilled to-date at Upper Tengkereng with 100 metres of 1.6 g/t gold + 0.7% copper (1.7% copper equivalent at current market prices).
Hole |
From (m) |
To (m) |
Intercept (m) |
Gold (g/t) |
Copper (%) |
Gold Eq. (g.t) |
Copper Eq. (%) |
|
009 | 44 | 138 | 94 | 0.3 | 0.5 | 1.3 | 0.8 | |
009 | 148 | 214 | 66 | 0.8 | 0.4 | 1.5 | 0.9 | |
009 | 336 | 444 | 108 | 0.6 | 0.3 | 1.1 | 0.7 | |
012 | 8 | 662 | 654 | 0.7 | 0.4 | 1.4 | 0.8 | |
Incl. | 012 | 212 | 624 | 412 | 0.9 | 0.5 | 1.7 | 1.0 |
Incl. | 012 | 320 | 602 | 282 | 1.1 | 0.5 | 2.0 | 1.2 |
Incl. | 012 | 454 | 598 | 144 | 1.4 | 0.6 | 2.4 | 1.5 |
Incl. | 012 | 498 | 598 | 100 | 1.6 | 0.7 | 2.8 | 1.7 |
Copper Eq. & Gold Eq. calculated using current market prices. | ||||||||
No adjustments have been made for metallurgical recovery as these remain uncertain at this time. |
"Upper Tengkereng continues to return spectacular assays for us," said Alex Granger, Chief Executive Officer of Barisan Gold. "Hole UTD-012 was drilled away from the identified high-grade zone in a south-easterly direction and, not only extended the high-grade zone in that direction, but also returned the highest-grade 100-metre intercept at 1.7% copper equivalent or almost 3 g/t gold equivalent. Holes UTD-009 and UTD-012 have extended the high-grade zone by at least 300 metres on a southeast-northwest basis and we have yet to identify the true length of that zone on that axis."