Ms. Kristy Reynolds reports
BARISAN GOLD COMPLETES EXTENSION OF EXPLORATION LICENSES
Barisan Gold Corp. wishes to inform shareholders that its majority-owned Indonesian subsidiary, PT Gayo Mineral Resources, has received an extension to its exploration izin usaha pertambangan (IUP). The IUP has been extended until March 5, 2015. This, combined with the two IUPs extended in December, 2012 (see news release dated Dec. 24, 2012), completes the IUP extension process for all the company's exploration licences in Indonesia.
The Gayo IUP is 80 per cent owned by Barisan Gold and is solely operated by the company. The IUP contains the Upper Tengkereng, Lower Tengkereng, Upper Ise-Ise and Sekeulen gold-copper porphyry prospects. Gayo continues to work with local government authorities seeking forestry borrow-use permits, which would allow it to resume drilling at Upper Tengkereng and other gold-copper porphyries.
We seek Safe Harbor.
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