VANCOUVER (Yosefdardi) – Barisan Gold Corporation has completed initial drilling at its Upper Tengkereng prospect, located in the Province of Aceh, Indonesia. Hole UTD-003 was completed on October 14, 2013 to a depth of 922 metres and final assays have been received.
Porphyry mineralization was intersected in UTD-003 from 18 metres to the end of the hole at 922 metres. UTD-003 validated the geological model of the Upper Tengkereng porphyry prospect by confirming the width and depth of the high grade zone identified in hole UTD-002.
UTD-003 intersected important copper and gold mineralization, including a 262 metre interval grading 0.81 g/t gold + 0.49% copper (1.6g/t gold equivalent or 1.0% copper equivalent). UTD-003 has significantly increased the width of mineralisation along a southeast-northwest direction on the north-eastern edge of the system, further validating the mineralization intersected in UTD-002.
Drilling of hole UTD-004, began on October 24, 2013. UTD-004 is being drilled from the same drill platform as UTD-003 with an azimuth of 290 degrees and an inclination of 75 degrees. UTD-004 is designed to test the center of the surface identified diorite intrusive, which has yet to be targeted by the first three holes.
Barisan Gold is also currently in the process of planning, approving and building a 130 metre road from the current drill platform to an area where the next drill platform will be built. The road and new drill platform are expected to be completed by year end.
Barisan Gold remains well financed to advance drilling at its Upper Tengkereng prospect with an estimated $3.6 million of cash on hand at end as at September 30, 2013.