Barisan Gold Corporation has made significant progress on the permitting situation at Abong Gold Project after being granted an approval for suspension of its Izin Usaha Pertambangan (IUP).
In July Barisan announced that it had applied for a suspension of its IUP while it seeks formal support from the timber company, which controls the forestry and surface rights at Abong. The regency government of Aceh Tengah has granted its approval for the suspension, valid for an initial period of one year from July 19, 2013.
The suspension guarantees that Barisan will have enough time to complete drilling and feasibility studies prior to the end of the 7-year exploration period as the suspension basically stops the clock.
Since then, Barisan Gold has made significant progress on the permitting situation at Abong. In late July, Barisan received temporary support from the timber company, which allowed the Province of Aceh to complete its review of the forestry permit application.
Subsequently, on August 19, Barisan received formal support from the Province of Aceh, allowing it to proceed with its application for a borrow-use forestry permit at Abong with the Indonesian Ministry of Forestry.
Over the next few weeks and months, Barisan Gold will formally apply for the Abong forestry borrow-use permit with the Indonesian Ministry of Forestry as soon as it receives the required technical consideration from the Indonesian Ministry of Energy and Mineral Resources.
Barisan Gold is engaged in the exploration, acquisition and development of mineral properties in Indonesia. It owns and operates two gold and gold-copper properties in Aceh Province on the northern tip of Sumatra Island - the Barisan gold-copper porphyry belt and the Abong epithermal gold project.