Barisan Gold discovers second high grade zone at Upper Tengkereng

Tuesday, May 13 2014 - 12:43 AM WIB

By Romel S. Gurky

TSX-listed Barisan Gold Corporation said that drilling at hole UTD-006 has confirmed the presence of a second distinct high-grade zone located in the south-central part of the Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh.

Assays have been received from the first 600 meters of hole UTD-006, which confirm the existence of a second high-grade zone, the company said in a statement obtained late Monday.

From 142 to 414 meters, UTD-006 returned 272 meters of 0.6 g/t gold + 0.6% copper (1.0% copper equivalent at current market prices) within a wider intercept of 458 meters of 0.6 g/t gold + 0.5% copper (0.9% copper equivalent at current market prices). This new high-grade zone remains open down hole and is anticipated to return meaningful grades until at least the 730-meter mark in length.

The following table summarizes the results received in the first 6 holes of the two high-grades that have been validated.

Hole # From (m) To (m) Intercept (m) Au (g/t) Cu (%) Cu eq. (%) Main Mineralization Alteration
High-Grade Zone #1
002 638 696 58 1.2 0.5 1.2 Chalcopyrite/Chalcocite Argillic-Phyllic
003 428 690 262 0.8 0.5 1.0 Chalcopyrite/Chalcocite Argillic-Phyllic
005 520 710 190 1.3 0.6 1.3 Chalcopyrite/Chalcocite Argillic-Phyllic
High-Grade Zone #2
002 254 340 86 0.4 0.7 1.0 Covellite Advanced Argillic
006 142 414 272 0.6 0.6 1.0 Covellite Advanced Argillic
Cu Eq. calculated using current market prices

"Discovering a new high-grade zone that sits right at surface and has the highest copper values intersected so far has significantly improved the economics of the Upper Tengkereng deposit,? said Alex Granger, CEO of Barisan Gold.

?The Upper Tengkereng discovery continues to produce stellar results with all six holes drilled so far returning meaningful intercepts over 1% copper equivalent. We have now validated two material high-grade zones and identified the potential for two more that have yet to be validated. Additional blue sky opportunities remain under the limestone cap located to the east of the deposit, under the hydro-breccia located to the south of the deposit and below the high-grade soil geochemistry anomalies."

As a whole, UTD-006 is the highest-grade hole that has been drilled so far at Upper Tengkereng.

Following the discovery of a new high-grade zone located in the south-central part of the porphyry, Barisan Gold has decided to build a new drill platform at the southern end of the deposit. Hole UTD-008, which is currently in the preparation stage, will target the high-grade zone #2 on a north-south axis (UTD-002/006 were both drilled on an east-west axis) to determine the true width of the high-grade zone on that axis.

UTD-008 will also target a high-grade intercept from hole UTD-004 further to the north where UTD-004 returned 242 meters of 0.6g/t gold + 0.4% copper (0.8% copper equivalent) from 664 metres to 906 metres. More details about hole UTD-008 will be provided once drilling plans are finalized on this new platform.

Editing by Reiner Simanjuntak

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