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 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 obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or 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 or 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. 2 Dibiansyah Hamid, MAIG, a QP within the meaning of MI 43-101, has reviewed and approved the content of this presentation.
Highl hlight hts Ø Newly Di ly Discovered P Porphyr yry P y Provinc nce L Located i in A n Aceh h Provinc nce o on t n the he N Northe hern T n Tip o of S Suma matra Is Isla land nd, Ind , Indone nesia Ø One ne o of t the he H Highe hest Gr Grade P Porphyr yry Di y Discoveries o of 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 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 oz o of Ø 43-1 -101 Inf Inferred R Resource ( (~ 2 2g/t A Au E Eq.) .) Ø Grossly U Gr ly Und ndervalu lued V Versus P Peers w with a h a M Market C Cap o of O Only nly C$5 mi milli llion n 3
Corporate I Information Barisan Go n Gold ld C Corp. . TSX-V -V: B : BG G Sha hare P Price C$ 0.14 52-Week R k Rang nge C$ 0.07 – C$ 0.44 Basic S Sha hares 40.8 million Outstand nding ng Di Dilu luted S Sha hares 46.1 million Outstand nding ng Market C Cap C$ 5 million Cash-o h-on-H n-Hand nd ~ C$ 0.5 million 4
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 of Ind Indone nesia o on t n the he r ring ng o of 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 Gosowong Go ng ( (Newcrest): : one ne o of t the he w world ld’s ’s Grasberg ( Gr (Freeport): : highe hi hest-g -grade g gold ld mi mine nes world ld’s ’s la largest c copper and nd g gold ld mi mine ne Ba Batu Hija jau ( (Newmo mont nt): : signi nificant nt g gold ld-c -copper Note: the mineralization on adjacent porphyr yry y properties is not necessarily indicative of the 5 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 6
Exploration L Licenses v Barisan owns a direct 80% equity interest in 2 contiguous Exploration Licenses v 2 Indonesian parties own the remaining interest and are free carried to feasibility 7
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 outcropping ng p porphyr yry p y prospects 8
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 owne 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 ong ngoing ng (Barisan Go n Gold ld c current ntly ly drilli lling ng UT UTD-0 D-014) 9
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 of ne new p porphyr yry d y discoveries) Adj. From To Intercept Au Cu Au Eq. Cu Eq. Cu Eq. Hole # (m) (m) (m) g/t % g/t % % 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 10 Adjusted Cu Eq. grade excludes post mineral intrusive zones
Recommend
More recommend
