VANCOUVER (Yosefardi) – Barisan Gold Corporation has completed the sale of the Collins prospect as initially announced on March 4, 2013.
Barisan Gold has received a cheque for 7,289,517,168 Indonesian rupiah (equivalent to approximately $650,000 Canadian dollars) from the purchaser.
The proceeds from the sale will be applied to advance exploration and drilling at the Company’s Upper Tengkereng gold-copper porphyry discovery.
The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia.
Barisan Gold currently owns and operates two gold and gold-copper properties in Indonesia’s Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt and the Abong epithermal gold project. Barisan Gold currently has 40,721,186 shares outstanding.