03:52 PM EST - Barisan Gold Corporation : provided shareholders with an update on its permitting activities at the Abong gold project located in the Province of Aceh, Indonesia. In its July 15, 2013 press release, Barisan Gold announced that it had applied for a suspension of its Izin Usaha Pertambangan at Abong while it seeks formal support from the timber company, which controls the forestry and surface rights at Abong. The regency government of Aceh Tengah granted its approval for the suspension, valid for an initial period of one year from July 19, 2013 to July 18, 2014. The suspension guarantees that Barisan Gold will have enough time to complete drilling and feasibility studies prior to the end of the seven-year exploration period as the suspension basically stops the clock. Barisan Gold Corporation
shares V.BG are trading unchanged at $0.06.
