RE:Bg made a new high today
Yeah but 18 cents is still a joke.
What is BG about ? Just read this:
HOLE 3 COMMENTS
"We are very pleased with this first hole of the new drill program," said Alex Granger, Chief Executive Officer of Barisan Gold. "We have validated one of the highest-grade porphyry discoveries anywhere in the world of the past decade. There are very few new porphyry discoveries that have returned intercepts of 1% copper equivalent over more than 250 metres. This is even more impressive by the fact that we have not yet drilled down to the potassic zone and associated bornite mineralization of the Upper Tengkereng porphyry system where higher grades are usually intersected. The grades we are intersecting higher up in this system are higher than those that other recent discoveries have found in bornite rich mineralization within potassic zones."
HOLE 4 IN PROGRESS
Drilling of hole UTD-004, began on October 24, 2013. UTD-004 is being drilled from the same drill platform as UTD-003 with an azimuth of 290 degrees and an inclination of 75 degrees. UTD-004 is designed to test the center of the surface identified diorite intrusive, which has yet to be targeted by the first three holes.
In addition, the steep inclination of the hole is meant to try to target the potassic core mineralization of the porphyry prospect at depth, where grades are anticipated to be higher.
UTD-004 is planned to a depth of 1,400 metres and, should it reach that depth, is likely to be completed by the end of the year with assays available early in the New Year. As of today,
UTD-004 has reached a length of 192 metres and is fully mineralized starting at 6.6 metres from surface to the current point.