Canadian explorer Barisan Gold’s two Indonesian subsidiaries, PT Linge Mineral Resources and PT Takengon Mineral Resources, have received extensions to their local exploration permits to December 2014.
Exploration licences in Indonesia are usually granted for eight years covering one year for general surveys, three years for exploration, extendable for one year with a maximum extension of twice the respective extension period and one year for a feasibility study, extendable for one year following which they must either be relinquished or upgraded to production/operation permits.
Linge owns the permit for the Abong gold deposit which has a NI 43-101 compliant inferred resource of 8.5 million tonnes of 1.49 grams/tonne gold and 10.7 grams/tonne silver for 405,000 ounces of gold and 2.9 million ounces of silver. The permit also takes in the Bahu, Middle Ise-Ise and Lower Ise-Ise gold-copper porphyry prospects.
The company is working with local government authorities for forestry borrow-use permits at the site which would allow drilling at the deposits.
Takengon’s permit covers the Collins epithermal gold prospect and the Semelit, West Semelit and Tanga gold-copper porphyry prospects. Barisan has just begun exploratory drilling at Collins using maps and samples from the previous owner of the project which identified narrow high-grade gold veins at surface. The initial program consists of 2000 metres of drilling to test the continuity of the veins with grade at depth.
Recent mapping by Barisan has confirmed and has redefined at least two sub-parallel quartz vein zones which contain high grade gold as well as a low grade 1.6 - 3.2 metre wide main quartz vein. The Collins prospect is in Areal Penggunaan Lain (APL), an area that is not classified as forest.