Barisan Gold Corporation
TSX VENTURE : BG

Barisan Gold Corporation

May 08, 2014 08:00 ET

Barisan Gold Commences Drilling Hole UTD-007 at Its Upper Tengkereng Gold-Copper Porphyry Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2014) - Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce that drilling has now commenced at hole UTD-007 at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia.

Hole UTD-007 is being drilled using the second drill rig recently mobilized at site. UTD-007 is being planned with an azimuth of 220 degrees and an inclination of 87 degrees from a new drill platform that has been built on the north side of the highway. Due to topographical challenges, the new drill platform is located 22 metres to northwest of the high-grade zone identified in the eastern part of the Upper Tengkereng porphyry, which will allow for a drill hole that is almost vertically inclined through the high-grade zone.

The objectives of UTD-007 are to test the vertical true depth and length of the high-grade zone. All three holes that have intersected the high-grade zone to date have entered and exited the high-grade zone on a horizontal axis. As such, no information has so far been collected on how close to surface the high-grade zone reaches or the true depth of the high-grade zone.

Based only on drill results received at UTD-002, UTD-003 & UTD-005, the high-grade zone identified starts at approximately the 400-metre level true depth and ends at approximately the 700-metre level true depth. It is approximately 100-metre wide and 400-metre long on a northwest-southeast axis. The high-grade zone remains open in all directions as well as at depth.

The following table summarizes the key intercepts of the high-grade zone drilled to-date, detailed assays of which have previously been released.

Hole From
(m)
To
(m)
Intercept
(m)
Gold
(g/t)
Copper
(%)
Gold
Eq.
(g/t)
Copper
Eq.
(%)
Intercepts located west and south of the post mineral intrusive - barren zone
UTD-002 576 596 20 0.90 0.26 1.33 0.80
UTD-003 276 292 16 0.70 0.31 1.22 0.74
UTD-005 444 472 28 0.83 0.26 1.27 0.77
Intercepts located east and north of the post mineral intrusive - barren zone
UTD-002 638 696 58 1.20 0.48 1.99 1.20
UTD-003 428 636 208 0.86 0.51 1.70 1.03
UTD-005 520 742 222 1.19 0.53 2.07 1.26
Intercept located at the north-eastern tip of the high grade zone
UTD-003 636 754 118 0.58 0.40 1.24 0.75
Gold equivalent and copper equivalent grades based on current market prices and include molybdenum credits.

Hole UTD-007 is planned to a minimum length of 700 metres and a maximum length of 1,750 metres depending on how deep the high-grade zone goes. Based on the drilling pace achieved at previous holes, it is anticipated that UTD-007 will reach the 700-metre level by the end of May 2014.

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.

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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.

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