Angkor Announces Expansion Of Banlung Drill Program
05 6월 2019 - 9:15PM
Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) CEO Stephen Burega announced today
the expansion of the drill and exploration program on its Banlung
license.
Under the Company’s Earn-In Agreement with Hommy
5 Resources (see Company press release of September 19, 2018), the
expanded program has ten diamond drill holes totalling
approximately 1100 metres of HQ3 large diameter core drilling
planned to test several targets identified in last year’s shallow
RC drilling program.
A corridor containing a potentially gold hosting
fault zone approximately 400 metres wide (east-west) and 1,200
metres long (north-south) was defined by previous exploration. The
corridor is open to the north and south. Within the corridor Angkor
has identified multiple gold mineralized structures. The new
diamond drill program will help to determine the extent of these
mineralized structures as well as their orientation.
“Last year’s reconnaissance shallow drill
program confirmed the existence of a mineralized gold vein system
over a large area,” said Dennis Ouellette, Angkor’s VP Exploration.
“Follow-up deeper HQ drilling is anticipated to determine the
extent and strength of gold veins at depth and help us understand
the source of the mineralization.”
The 2018 shallow drilling was intended to test
and map near surface mineralization and better understand
underlying structures. The drilling targeted gold-in-soil anomalies
previously outlined by previous termite mound sampling and further
defined by auger sampling in 2016 and 2017 at the Okalla West
prospect on the Banlung license.
The RC drilling intercepted many one to greater
than 5 metre zones of fractured bedrock with pyrite and some base
metal sulphide mineralization with low grades of gold
mineralization above the bedrock.
Near vertical AC holes through overburden were
as short as 5 metres and some almost 30 metres in depth but
averaged 10 metres in depth. The AC holes were very useful for
determining underlying bedrock but tested only a few centimetres of
the bedrock. RC holes were drilled at an incline of 60 degrees with
target depths of 60 metres.
The drilling was completed on widely spaced
lines covering several large target areas, namely Okalla South,
Okalla North, and Copper Hill. Other undefined areas with anomalous
in-soil gold and base metal values of no known provenance were also
tested.
The next stage of drilling at Okalla is expected
to commence in June.
ABOUT ANGKOR GOLD CORP.
ANGKOR Gold Corp. is a public company listed on
the TSX-Venture Exchange and is a leading mineral explorer in
Cambodia with a large land package and a first-mover advantage
building strong relationships with all levels of government and
stakeholders.
Dennis Ouellette, B.Sc., P.Geo., is a member of
The Association of Professional Engineers and Geoscientists of
Alberta (APEGA #104257) and a Qualified Person as defined by
National Instrument 43-101 (“NI 43-101”). He is the Company’s VP
Exploration and has reviewed and approved the technical disclosure
in this release.
On behalf of the Board,
Stephen Burega CEO, Angkor Gold Corp.
CONTACT:
Stephen Burega, CEOTelephone: (647)
515-3734Email: sb@angkorgold.caWebsite: http://www.angkorgold.ca or
follow us on Twitter @AngkorGold.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain of the statements made and information
contained herein may constitute “forward-looking information.” In
particular references to the private placement and future work
programs or expectations on the quality or results of such work
programs are subject to risks associated with operations on the
property, exploration activity generally, equipment limitations and
availability, as well as other risks that we may not be currently
aware of. Accordingly, readers are advised not to place undue
reliance on forward-looking information. Except as required under
applicable securities legislation, the Company undertakes no
obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
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