Barisan Gold reinitiates exploration Tengkereng
Tuesday, July 16 2013 - 03:17 AM WIB
Vancouver-based firm Barisan Gold Corporation has decided to reinitiate exploration and drilling activities at Upper Tengkereng.
It said that a material portion of the company's Upper Tengkereng prospect is located outside of a forest area, which in turn means that it can be explored without the issuance of a forestry borrow-use permit.
"In light of this information, Barisan Gold has decided to reinitiate exploration and drilling activities at Upper Tengkereng," the company said in the statement on Monday.
In the coming weeks, said the company a drill rig will be mobilized to site and drilling will resume in late August after the Ramadan holiday.
The Company plans to initially drill up to 3,000 meters that will seek to target, expand and define the high-grade zones intercepted in Hole UTD-002. Each hole will take approximately 4-6 weeks to complete with another 2-4 weeks for assaying before results are released to the market.
This exploration program will count towards the work commitment required under the Company's exploration license.
Editing by Adianto P. Simamora
