Barisan Gold intersects 190m of 1.3 g/t Au & 0.6% Cu at Aceh tenement
Tuesday, April 1 2014 - 01:12 AM WIB
Canadian-based copper-gold exploration firm Barisan Gold Corporation announced on Monday drill results for hole UTD-005 at its Upper Tengkereng gold-copper porphyry prospect, located in the Province of Aceh.
Hole UTD-005 was completed on March 17, 2014 at a final length of 1,121 meters. UTD-005 is the most successful drill hole to date at Upper Tengkereng in terms of both grades and intercept width. From 520 to 710 meters, UTD-005 returned 190 meters of 1.3 g/t gold + 0.6% copper (1.4% copper equivalent at current market prices) within a wider intercept of 348 meters of 0.9 g/t gold + 0.4% copper (1.0% copper equivalent at current market prices). In addition, higher up hole, from 442 to 472 meters, UTD-005 returned 30 meters of 0.8 g/t gold + 0.3% copper + 0.002% molybdenum (0.8% copper equivalent).
"Hole UTD-005 is an extraordinary drill hole and continues to validate Upper Tengkereng's potential as a significant new gold-copper porphyry system in a country that hosts some of the world's richest porphyry deposits," said Alex Granger, Chief Executive Officer of Barisan Gold. "Our geological models had predicted a 150-meter wide high grade zone of 1% copper equivalent from 525 meters; instead UTD-005 hit a 348-meter high grade zone of 1% copper equivalent from 520 meters. In addition, our geological models had predicted we would hit the vertical limestone contact wall at the 750 meter mark; instead limestone was never intersected anywhere along the hole. This has resulted in changes to our geological models which now show an extended and wider high grade zone and a limestone contact zone that is diagonally dipping away from the deposit rather than vertical."
In light of the results of UTD-005, Barisan Gold has hired, on a two-month contract, a team of geologists, whose sole focus will be to map in detail the limestone area sitting to the east and north of the diorite footprint. Barisan Gold aims to identify key areas and build a drill pad atop the limestone over the next few months in order to drill test the potential for skarn mineralization at the contact zone between the porphyry and the limestone.
In the meantime, drilling continues at Upper Tengkereng and, on March 26, 2014, drilling commenced at hole UTD-006. UTD-006 is being drilled using the same drill platform as UTD-005 with an azimuth of 267 degrees and an inclination of 75 degrees. UTD-006 has been planned to test the south western part of the diorite footprint where there hasn't been any drilling to date.
Editing by Alexander Ginting