Barisan Gold announces initial Abong resource

Barisan Gold Corporation said that Mining Associates Pty Ltd. out of Brisbane, Australia ("Mining Associates") has completed an initial National Instrument 43-101 ("NI 43-101") compliant inferred resource estimate for the Abong deposit.

The company announced on Monday that at a 0.4g/t gold cut-off, Mining Associates estimates an initial NI 43-101 compliant inferred resource of 8.5 million tonnes of 1.49g/t gold and 10.7g/t silver, containing 405,000 ounces of gold and 2.9 million ounces of silver.

The Abong deposit is located within the Barisan I Izin Usaha Pertambangan ("IUP") owned by PT Linge Mineral Resources ("PTLMR"). PTLMR is 80% directly owned by Barisan Gold, which is also the sole operator of the project and responsible for funding 100% of the expenses of the project until completion of a feasibility study.

The Abong deposit is located within Production Forest as per the classifications of the Ministry of Forestry of the Republic of Indonesia ("MoF"). Production Forest is one of the lowest levels of forest designations in Indonesia and carries no open-pit mining restrictions like in some other forest designation areas.

In other news, Barisan Gold is pleased to announce that the previously ordered YDX 1800 drill rig from PT IndoDrill has arrived in Indonesia. The rig has just recently cleared customs in Jakarta and is on its way to site.

In anticipation of its arrival, Barisan Gold is preparing drill platforms at both the Sekeulen and Upper Tengkereng prospects where the first porphyry hole of the next phase exploration program is being planned. The specific location of the first drill hole is still being discussed internally and with the relevant government authorities.

Editing by Benget Besalicto Tnb.