Barisan Gold extends exploration licenses

By Ruly Setiawan

Barisan Gold Corporation recently stated that two of its majority-owned Indonesian subsidiaries, PT Linge Mineral Resources and PT Takengon Mineral Resources, have received extensions to their IUP exploration permits until December 28, 2014.

The Linge IUP is 80% owned by Barisan Gold, containing the Abong gold deposit which at a 0.4g/t gold cut-off has an estimated an NI 43-101 compliant inferred resource of 8.5 million tonnes of 1.49g/t gold and 10.7 g/t silver, containing 405,000 ounces of gold and 2.9 million ounces of silver.

"Linge continues to work with local government authorities seeking forestry borrow-use permits, which would allow Linge to resume drilling at Abong and other gold-copper porphyries," the company said in a statement submitted to the TSX Venture.

On the other hand, the Takengon IUP is 75% owned by Barisan Gold containing the Collins epithermal gold prospect, as well as the Semelit, West Semelit and Tanga gold-copper porphyry prospects.

Barisan Gold stated it has begun exploratory drilling at the Collins epithermal gold prospect.

Editing by Er Audy Zandri