High- h-grade c copper-gold p porphyry discovery i in I - - PowerPoint PPT Presentation
High- h-grade c copper-gold p porphyry discovery i in I - - PowerPoint PPT Presentation
High- h-grade c copper-gold p porphyry discovery i in I Indonesia OCTOBER 2 2014 Disclaime Disclaimer r This presentation regarding Barisan Gold Corporation (BGC) contains forward looking statements, as that term is used
Disclaime Disclaimer r
This presentation regarding Barisan Gold Corporation (“BGC”) contains “forward looking statements”, as that term is used under applicable securities laws, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Barisan Gold Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements include, but are not limited to, statements or information concerning future work programs at the Upper Tengkereng porphyry discovery Abong gold deposit, results and timing of any work programs, timing of release of assay results and receipt of permits or technical consideration. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, mine life estimation, permitting timelines, the possibility that future exploration, development or mining results will not be consistent with expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including copper, gold, fuel, steel and construction items), currency fluctuations, failure to
- btain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize,
- r should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of Barisan Gold Corporation. Except as required under applicable securities legislation, we undertake no obligation to publicly update
- r revise forward-looking statements, whether as a result of new information, future events or otherwise.
This presentation is not intended, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities in the United
- States. Neither this presentation nor any copy of it may be taken or transmitted or distributed, directly or indirectly, into the United States.
In relation to the United States and U.S. persons, this presentation is strictly confidential and is being furnished solely in reliance on applicable exemptions from the registration requirements under the U.S. Securities Act of 1933, as amended. The securities of the Company have not and will not be registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold within the United States, or to or for the account or benefit of U.S. persons, unless an exemption from the registration requirements of the U.S. Securities Act is available. Accordingly, any offer or sale of securities of the Company will only be offered or sold (i) within the United States, or to or for the account or benefit of U.S. persons, only to qualified institutional buyers (“QIBs”) in transactions not involving a public offering and (ii) outside the United States in offshore transactions in accordance with Regulation S. Any purchaser of shares in the United States, or to or for the account of U.S. persons, will be deemed to have made certain representations and acknowledgements, including without limitation that the purchaser is a QIB. Dibiansyah Hamid, MAIG, a QP within the meaning of MI 43-101, has reviewed and approved the content of this presentation.
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Highl hlight hts
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Ø Newly Di ly Discovered P Porphyr yry P y Provinc nce L Located i in A n Aceh h Provinc nce o
- n t
n the he N Northe hern T n Tip o
- f S
Suma matra Is Isla land nd, Ind , Indone nesia Ø One ne o
- f t
the he H Highe hest Gr Grade P Porphyr yry Di y Discoveries o
- f t
the he L Last Two De Decades ( (Mult ltiple le 2 200+ me meter i int ntercepts @ @ 1 1% C Cu E Eq.) .) Ø Fully P lly Permi mitted, A , Actively Dr ly Drilli lling ng Us Using ng t two 1 1,7 ,750-me
- meter R
Rigs Ø Als lso O Own a n an E n Epithe herma mal Go l Gold ld De Deposit w with ~ h ~470,0 ,000 o
- z o
- f
43-1
- 101 Inf
Inferred R Resource ( (~ 2 2g/t A Au E Eq.) .) Ø Gr Grossly U ly Und ndervalu lued V Versus P Peers w with a h a M Market C Cap o
- f O
Only nly C$5 mi milli llion n
Corporate I Information
Barisan Go n Gold ld C Corp. . TSX-V
- V: B
: BG G Sha hare P Price C$ 0.14 52-Week R k Rang nge C$ 0.07 – C$ 0.44 Basic S Sha hares Outstand nding ng 40.8 million Di Dilu luted S Sha hares Outstand nding ng 46.1 million Market C Cap C$ 5 million Cash-o h-on-H n-Hand nd ~ C$ 0.5 million
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Project L Location
Barisan Go n Gold ld’s ’s p proje jects a are lo located i in t n the he no north w h west part o
- f Ind
Indone nesia o
- n t
n the he r ring ng o
- f f
fire, w , whi hich ha h has b been a n a ma majo jor mi mini ning ng d district f for t the he la last 5 50 y years
Gr Grasberg ( (Freeport): : world ld’s ’s la largest c copper and nd g gold ld mi mine ne Go Gosowong ng ( (Newcrest): :
- ne
ne o
- f t
the he w world ld’s ’s hi highe hest-g
- grade g
gold ld mi mine nes Ba Batu Hija jau ( (Newmo mont nt): : signi nificant nt g gold ld-c
- copper
porphyr yry y
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Note: the mineralization on adjacent properties is not necessarily indicative of the mineralization on the Company’s property
Aceh P h Province
v 89,523 hectares of exploration ground in Aceh Province v Excellent logistics:
v Provincial highway crosses the deposits v Water readily available v No significant population center anywhere in the area
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Exploration L Licenses
v Barisan owns a direct 80% equity interest in 2 contiguous Exploration Licenses v 2 Indonesian parties
- wn the remaining
interest and are free carried to feasibility
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Ba Barisa san’s P Porphyry T Targets
v Barisan Go n Gold ld ma majo jority o y owns ns a an e n ent ntire p porphyr yry p y provinc nce, i , ini nitially lly explo lored b by R y Rio T Tint nto i in t n the he 1 1990s, t , tha hat c cont ntains ns a at le least 8 8
- utcropping
ng p porphyr yry p y prospects
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Upper T Tengkereng P Prospect
v Ini Initially d lly discovered b by R y Rio T Tint nto i in t n the he 1 1990s ( (8 s sha hallo llow mo mostly v ly vertical ho l hole les) v The he p previous o
- wne
ner d drille lled t two d deeper ho hole les i in 2 n 2008-1
- 10, i
, inc nclu luding ng t the he d discovery ho y hole le, , UT UTD-0 D-002, w , whi hich i h ident ntified a a hi high-g h-grade p porphyr yry z y zone ne b belo low 5 500 me meters v At s surface, t , the here i is a a 3 300m x m x 500m d m diorite p porphyr yry z y zone ne tha hat ha has b been ma n mapped b by y Barisan Go n Gold ld’s ’s g geolo logists (grading ng u up t to 0 0.5 .5 g g/t A Au & & 0.3 .3-0
- 0.4
.4% C Cu t thr hrough h cha hanne nneli ling ng a and nd s sampli ling ng) v Active d drilli lling ng o
- ng
ngoing ng (Barisan Go n Gold ld c current ntly ly drilli lling ng UT UTD-0 D-014)
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Upper T Tengkereng P Prospect
v Summa mmary o y of t the he f first e eight ht ( (8) U Upper T Teng ngkereng ng ho hole les: :
Ø All ho ll hole les mi mine nerali lized f from s m surface w with a h average i int ntercept le leng ngth o h of 8 850 me meters Ø Average Gr Grade: ~ : ~0.6 .6% C Copper E Equivale lent nt ( (above a average o
- f ne
new p porphyr yry d y discoveries)
Hole # From (m) To (m) Intercept (m) Au g/t Cu % Au Eq. g/t Cu Eq. % Adj. Cu Eq. %
00 001 1 10 10 638 638 628 628 0.4 .4 0.2 .2 0.8 .8 0.5 .5 0.5 .5 002 002 10 10 696 696 686 686 0.4 .4 0.3 .3 0.9 .9 0.6 .6 0.6 .6 003 003 8 8 922 922 91 914 0.4 .4 0.3 .3 0.8 .8 0.5 .5 0.6 .6 004 004 6 6 1,0 ,064 1,0 ,058 0.3 .3 0.2 .2 0.7 .7 0.4 .4 0.5 .5 005 005 4 4 966 966 962 962 0.5 .5 0.2 .2 0.9 .9 0.5 .5 0.7 .7 006 006 4 4 990 990 986 986 0.5 .5 0.3 .3 1.0 .0 0.6 .6 0.6 .6 00 007 7 292 292 1, 1,116 82 824 4 0.7 .7 0.3 .3 1.2 .2 0.7 .7 0.7 .7 008 008 4 4 89 894 4 890 890 0.5 .5 0.5 .5 1.3 .3 0.8 .8 0.8 .8
Au Eq. & Cu Eq. calculated at current market prices and include molybdenum credits Adjusted Cu Eq. grade excludes post mineral intrusive zones
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Upper T Tengkereng P Prospect
v Dr Drilli lling ng s so f far ha has v vali lidated t two ( (3) d distinc nct hi high g h grade z zone nes a and nd i ident ntified t two ( (2) additiona nal hi l high g h grade p prospective a areas a at U Upper T Teng ngkereng ng
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Mineralized intrusive UT Drillhole
High Gr h Grade Zone nes High Gr h Grade Pr Prospe spect cts s 1 1 2 2 3 3
A A B B C C D D
Upper T Tengkereng P Prospect
v Southw hwest-N
- Northe
heast C Cross S Section c n covers 5 500 me meters a across a and nd s sho hows t the he ( (3) distinc nct hi high-g h-grade z zone nes i ident ntified s so f far a at U Upper T Teng ngkereng ng
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Advanc nced A Argilli llic Alt ltered H Hyd ydro-B
- Breccia
Advanc nced A Argilli llic Low Gr Grade Int Intra-M
- Mine
neral P l Porphyr yry y High Gr h Grade Cha halc lcocite-C
- Cha
halc lcopyr yrite Barren n Lime mestone ne Go Gold ld R Rich S h Strong ng A Argilli llic Cha halc lcocite-C
- Cha
halc lcopyr yrite Grades are Cu Eq. calculated at current market prices and include Mo credits Covelli llite Rich S h Sili lica Pyr yrophylli yllite Alu luni nite 1.1% 0.9%
Upper T Tengkereng P Prospect
v Southe heast-N
- Northw
hwest C Cross S Section c n covers 5 500 me meters a across a and nd f focuses o
- n t
n the he ne near surface hi high-g h-grade z zone nes i ident ntified a at U Upper T Teng ngkereng ng
13 Covelli llite R Rich h Sili lica-P
- Pyr
yrophylli yllite-Alu luni nite Advanc nced A Argilli llic A Alt ltered Hyd ydro-B
- Breccia
High Gr h Grade Cha halc lcocite-C
- Cha
halc lcopyr yrite Lime mestone ne
Grades are Cu Eq. & Au Eq. calculated at current market prices and include Mo credits
0.4 .4-0
- 0.6
.6% (0.7 .7-1
- 1.0
.0g/t) 1.0 .0-1
- 1.2
.2% (1.7 .7-2
- 2.0
.0g/t) 0.7 .7-1
- 1.0
.0% (1.2 .2-1
- 1.7
.7g/t)
1.0%
Upper T Tengkereng P Prospect
v Current nt f focus s sole lely o ly on ne n near s surface hi high-g h-grade z zone ne d discovered i in s n south-c h-cent ntral p l part
- f t
the he d deposit w whe here d drilli lling ng s seeki king ng t to d define ne b bound ndaries o
- f t
the he z zone ne
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Mineralized intrusive UT Drillhole
PUT UT-0
- 015
(50 (50o d dip) PUT UT-0
- 016
(50 (50o d dip) PUT UT-0
- 013/014
(50 (50o/
- /80
80o d dip)
v Near-S
- Surface H
High Gr h Grade Z Zone ne C Cons nsists o
- f 3
3 L Layers
Ø From 0 m 0 t to 1 100m, A m, Advanc nced A Argilli llic A Alt ltered H Hyd ydro-B
- Breccia (
(~ 0 0.4 .4-0
- 0.6
.6% C Cu E Eq.) .) Ø From 1 m 100 t to 4 400m, H m, High-Gr h-Grade C Covelli llite R Rich S h Sili lica-P
- Pyr
yrophylli yllite-Alu luni nite ( (~ 1 1.0 .0-1
- 1.2
.2% C Cu E Eq.) .) Ø From 4 m 400 t to 8 800m, H m, High-Gr h-Grade C Cha halc lcocite-C
- Cha
halc lcopyr yrite ( (~ 0 0.7 .7-1
- 1.0
.0% C Cu E Eq.) .)
Hole # From (m) To (m) Intercept (m) Au g/t Cu % Au Eq. g/t Cu Eq. % 00 001 1 340 340 47 474 13 134 0.7 .7 0.3 .3 1.2 .2 0.7 .7 002 002 226 226 420 420 19 194 0.4 .4 0.5 .5 1.2 .2 0.8 .8 004 004 428 428 754 754 326 326 0.8 .8 0.5 .5 1.5 .5 0.9 .9 006 006 14 142 736 736 59 594 4 0.6 .6 0.4 .4 1.3 .3 0.8 .8 008 008 18 188 69 694 4 506 506 0.7 .7 0.6 .6 1.8 .8 1. 1.1 009 009 44 44 21 214 17 170 0.8 .8 0.4 .4 1.5 .5 0.9 .9 01 012 21 212 62 624 4 41 412 0.9 .9 0.5 .5 1.7 .7 1.0 .0
Upper T Tengkereng P Prospect
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Cu Eq. & Au Eq. calculated at current market prices and include molybdenum credits
Upper T Tengkereng P Prospect
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Copper Soil Geochemistry Gold Soil Geochemistry v Soil g l geoche hemi mistry o y of t the he U Upper T Teng ngkereng ng p prospect ha has o
- utli
line ned t thr hree ( (3) d distinc nct hi high h grade c copper z zone nes a and nd t two ( (2) d distinc nct hi high g h grade g gold ld z zone nes
Ab Abong E Epithe hermal G Gold D Deposit
v Abong ng i is a a la large e epithe herma mal l gold ld d deposit t tha hat li lies w withi hin a n a 2.0 .0 x x 0 0.8 .8km c km corridor, , cons nsisting ng o
- f a
an e n extens nsive fla lat-lyi
- lying
ng ne near s surface bla lank nket
v A-1
- 130 ho
hole le, 8 , 8,6 ,660-me
- meter P
Pha hase I d I drilli lling ng c campaign w n was cond nducted i in 2 n 2007-0
- 08
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Ab Abong E Epithe hermal G Gold D Deposit
Pr Prospe spect ct Tonna nnage Go Gold ld Gr Grade Silv lver Gr Grade Cont ntaine ned Go Gold ld Cont ntaine ned Silv lver
Bula lan 5,979,000 1.64 g/t 9.6 g/t 315,000 oz 1,840,000 oz Bint ntang ng 1 1 403,000 1.85 g/t 16.8 g/t 24,000 oz 217,000 oz Bint ntang ng 2 2 2,105,000 0.97 g/t 12.7 g/t 66,000 oz 857,000 oz Abong ng T Total l 8,4 ,487,0 ,000 1.4 .49 g g/t 10.7 .7 g g/t 405,0 ,000 oz
- z
2,9 ,914,0 ,000 oz
- z
v On J n Janu nuary 9 y 9, 2 , 2012, M , Mini ning ng A Associates P Pty L y Ltd. ( . (Brisbane ne) r rele leased a an i n ini nitial N l NI 4 I 43-1
- 101
inf nferred g gold ld r resource e estima mate f for t the he A Abong ng d deposit lo located w withi hin t n the he B Barisan I IUP n I IUP, , cont ntaini ning ng 4 405,0 ,000 o
- unc
nces o
- f g
gold ld a and nd 2 2.9 .9 mi milli llion o n ounc nces o
- f s
silv lver ( (approxima mately ly 467,0 ,000 o
- unc
nces o
- f g
gold ld e equivale lent nt) a at a a 0 0.4 .4g/t g gold ld c cut-o
- off g
grade
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Ab Abong E Epithe hermal G Gold D Deposit
v The he g grade d distribution a n across t the he deposit c correla lates w with a h a b broad z zone ne
- f s
sili licification a n associated w with e h early ly pha hase, lo , low g grade mi mine nerali lization. n. Brittle le f fracturing ng o
- f t
the he e early ly sili licification a n alo long ng t the he no north-w h-west trend nding ng s structure r result lted i in n deposition o n of hi high g h grade mi mine nerali lization a n as i is e evident nt i in t n the he
- re d
- distribution. M
- n. Mine
nerali lization n between B n Bula lan a n and nd B Bint ntang ng i is structurally o lly offset a alo long ng a a no north-e h-east fault lt v Mine nerali lization r n rema mains ns o
- pen t
n to t the he south-w h-west o
- f B
Bula lan a n and nd t to t the he w west and nd no north o h of B Bint ntang ng w with t h the he potent ntial t l to s signi nificant ntly a ly add o
- unc
nces to t the he d deposit
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Ab Abong E Epithe hermal G Gold D Deposit
v A c cross s section c n cle learly s ly sho hows t the he s strata b bound nd na nature o
- f t
the he g gold ld-b
- bearing
ng s sili liceous repla laceme ment nt la layer b between t n the he mu mudstone ne a and nd t the he li lime mestone ne
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Ab Abong E Epithe hermal G Gold D Deposit
v The he A Abong ng g gold ld d deposit i is g gene nerally d lly define ned a as a a mi mine nerali lized s sili licified t tabula lar s she heet t tha hat is 1 10-1
- 15 me
meters t thi hick o k over a a 2 2km s km strike le leng ngth a h and nd u up t to 8 800 me metres w wide
v Highe her g grade i int ntercepts i inc nclu lude 1 14 me meters @ @ 6 6.3 .31 g g/t A Au
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Ab Abong F Forestry P Permit Ap Application
Regency L Level ( (Aceh T h Tengah) h)
- Documentation, Maps, Surveys… & Bupati Recommendation Letter
✔
Provincial L Level ( (Aceh) h)
- Technical Review & Recommendation Letter from Forestry Department
✔
- Governor Recommendation Letter
✔
Central G Government M Mines D Department
- Technical Consideration
In Progress
Central G Government F Forestry D Department
- Planology Department Review and Recommendation
- Forestry Administration Department Review and Recommendation
- Forestry Inventory & Mapping Department Review and Recommendation
- Forestry Area Management Department Review and Recommendation
- Forestry Area Permit Issued by Minister of Forestry
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Barisan G Gold U Under V Valued?
Barisan Gold Doubleview Cordoba Cornerstone Ticker BG.V DBV.V CDB.V CGP.V Country Indonesia Canada Colombia Ecuador Prospect Upper Tengkereng Hat San Matias Cascabel (15%) Intercept (m) 506 94 101 324 Au g/t 0.7 0.4 0.7 1.2 Cu % 0.6 0.3 1.0 1.1 Market Cap $5 million $8 million $29 million $21 million Cash $0.5 million $0.8 million $9 million $3 million
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Key U Upcoming D Dates
Private P Pla laceme ment nt C Clo losing ng Oct ‘1 ‘14 Assays ys R Rele leased f for H Hole le UT UTD-0 D-013 Nov ‘1 ‘14 Comple letion o n of H Hole le UT UTD-0 D-014 ( (@ ~ ~600m) m) Nov ‘1 ‘14 Beginni nning ng o
- f H
Hole les UT UTD-0 D-015/016 Nov‘1 ‘14 Receipt o
- f T
Techni hnical C l Cons nsideration f n for A Abong ng Q4 2 2014 Receipt o
- f A
Abong ng F Forestry B y Borrow-Us
- Use P
Permi mit Q1 2 2015
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TSX TSX-V
- V:
: BG G www.B .BarisanGo nGold ld.c .com m
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