Barisan Gold continues to extend high-grade zone at Upper Tengkereng porphyry discovery
Tuesday, October 21 2014 - 03:56 AM WIB
TSX-listed Barisan Gold Corporation provided investors Monday the latest assay results from the current drill program at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh.
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 in statement. "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."
Drilling at Upper Tengkereng continues with UTD-013 having recently been completed and UTD-014 set to begin shortly. An update presentation has been uploaded on the Barisan Gold website at www.barisangold.com, which contains location maps and cross-section interpretation maps about the current drill program, including the location of the next few proposed holes.
Barisan Gold retained the independent laboratory services of PT Intertek Utama Services of Jakarta, Indonesia, which, in the case of UTD-009/011/012, employed the fire assay method (FA50) on gold samples and for other precious and base metal analyses, ICP with multi acid digestion.
Editing by Reiner Simanjuntak