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Last C$0.04 CAD
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As of 11:18 AM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

barisan gold corp (BG) Snapshot

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barisan gold corp (BG) Details

Barisan Gold Corporation, an exploration stage company, is engaged in the acquisition, exploration, and development of mineral properties in Indonesia. It owns and operates three gold and gold-copper properties comprising the Barisan gold-copper porphyry belt, the Abong epithermal gold project, and the Takengon gold-copper porphyry prospect located in Aceh Province on the northern tip of Sumatra Island. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

barisan gold corp (BG) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: C$191.0K
Chief Financial Officer
Total Annual Compensation: C$155.8K
Compensation as of Fiscal Year 2013.

barisan gold corp (BG) Key Developments

Barisan Gold Corporation Announces Assay Results from Current Drill Program at Upper Tengkereng Gold-Copper Porphyry Discovery

Barisan Gold Corporation announced the assay results from the current drill program at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia. Since mid July, Barisan Gold has embarked on an 18-month drill program with the objective of producing a maiden mineral resource estimate in accordance with NI 43-101 that will cover the high-grade zone identified near-surface in the south-central part of the deposit at Upper Tengkereng. The first part of the drill program, which is currently ongoing, consists of delineating the boundaries of the high-grade zone whereas the second part of the drill program is anticipated to consist of a more grid-like drilling pattern to enable the calculation of the maiden resource. Assay results have now been received for the first three holes of this drilling program (holes UTD-009/011/012). Drilling has continued to extend the high-grade zone with hole UTD-009 pushing the boundaries in a northerly direction and hole UTD-012 in a southerly direction. UTD-012 in particular returned some of the high grade intercepts to-date at Upper Tengkereng with a 412 metre intercept of 0.9 g/t gold + 0.5% copper (1.0% copper equivalent at current market prices), which includes the highest-grade 100 metre intercept drilled to-date at Upper Tengkereng with 100 metres of 1.6 g/t gold + 0.7% copper.

Barisan Gold Corporation Receives Final Assays for Holes UTD-007 & UTD-008 and Provides Exploration Update for its Upper Tengkereng Prospect

Barisan Gold Corporation provided investors with an update on exploration activities at its Upper Tengkereng gold-copper porphyry discovery, located in the Province of Aceh, Indonesia. Final assay results have been received for holes UTD-007 and UTD-008. UTD-007 was a vertical hole drilled in the eastern part of the deposit to test the vertical extensions of the high-grade zone discovered in that area in holes UTD-002/003/005 whereas UTD-008 was drilled in the southern portion of the deposit to test the newly discovered near surface high-grade zone located in that area. Hole UTD-008 is the best hole drilled so far at Upper Tengkereng, returning the high grades intercepted over the entire length of a hole as well as the longest intercept above 1% copper equivalent of any hole drilled so far at Upper Tengkereng. As a whole, UTD-008 returned 890 metres of 0.5 g/t gold + 0.5% copper (0.8% copper equivalent at current market prices) 4 metres from surface to the bottom of the hole at 894 metres, including 506 meters of 0.7 g/t gold + 0.6% copper (1.1% copper equivalent at current market prices) from 188 metres to 694 metres. Geological understanding of the near surface high-grade zone is advancing following receipt of the drill results and assays from holes UTD-002/006/008. Based on results so far, the zone seems to be approximately 700-800 metres depth starting from surface and contains three distinct types of mineralization stacked one on top of the other. From surface to approximately 100 metres depth, there is the presence of a top layer of advanced argillic altered hydro breccia mineralization where grades average approximately 0.4-0.6% copper equivalent; from 100 to 400 metres depth, there is the presence of high-grade covellite rich silica-pyrophyllite-alunite mineralization where grades average 1.0-1.2% copper equivalent; and from 400 to 800 metres depth, there is the presence of high-grade chalcocite-chalcopyrite mineralization where grades average 0.7-1.0% copper equivalent. Similarly, hole UTD-007 was the second best hole drilled so far at Upper Tengkereng, after hole UTD-008. UTD-007 returned 824 metres of 0.7 g/t gold + 0.3% copper (0.7% copper equivalent at current market prices) 292 metres from surface to the bottom of the hole at 1,116 metres (UTD-007 was drilled from outside the porphyry back towards it, hence why the first 292 metres were not meaningful), including 386 meters of 0.8 g/t gold + 0.5% copper (1.0% copper equivalent at current market prices) from 510 metres to 896 metres. Drilling continued throughout the summer at Upper Tengkereng, save for the Idul Fitri holiday period in late July/early August. Holes UTD-009 and UTD-011 have since been completed and hole UTD-012 has recently started. Unfortunately hole UTD-010 was abandoned. UTD-009 was drilled from a new platform located at the south-central edge of the porphyry discover and was drilled in a southeast-northwest direction (302 degree azimuth) with a shallow dip of 50 degrees. UTD-009 was the first hole drilled on a north-south axis into the near-surface high-grade zone previously discovered in holes UTD-002/006/008. Objectives of hole UTD-009 were to extend the footprint of the high-grade zone along the north-south axis. Assays are pending. UTD-011 was drilled in the opposite direction of UTD-009 (120 degree azimuth) also with a shallow dip of 50 degrees to test the same north-south axis of the near-surface high-grade zone but drilling towards the south. With the rig sitting in the southern edge of the deposit, hole UTD-011 was a short hole to identify the boundaries of the zone. Assays are pending. UTD-012 began last week and is in the same direction as UTD-011 but with a steeper dip of 85 degrees allowing for a more vertical definition of the high-grade zone in the southern edge of the deposit. As of September 1, 2014, UTD-012 had reached 244 metres in length.

Barisan Gold Corporation Appoints Shawn Westcott as President

Barisan Gold Corporation announced that it has appointed Mr. Shawn Westcott as President of Barisan Gold. Shawn Westcott joins Barisan Gold from NioCorp Developments Ltd. where he spent the last 3 years leading that company's corporate communications' team, focused mainly on marketing and finance activities.


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