- Further assays received from Border prospect, Oyadao Tenement Cambodia
- Value of 8.9g/t over 0.98m in drillhole OY11-042
- Drilling continues on bull’s eye on Border South
VANCOUVER, BC (April 10, 2012)
ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) has received further assay results from the current Border Prospect drilling program from the Oyadao Tenement, Ratanakiri Province, Cambodia.
These are the final results from holes that targeted the Border North Vein, plus one hole from the EM anomaly on the north edge of the “bull’s eye” multi-element ‘C’ zone soil geochemical anomaly of Border South.
The most exciting result is from OY11-042, in which no values of significance had previously been reported and which lies immediately to the west of OY12-051.
Following standard company procedure, second round entire hole half core sampling has highlighted a previously unknown gold bearing geological unit grading at 8.91 g/t Au over 0.98m associated with a mafic dyke. The discovery of this potential new gold bearing unit has stepped up our follow up sampling program with a specific focus on any similar intervals and opens up the north vein prospect to more than one phase of gold mineralisation.
Gold mineralisation in the north vein area has previously only been associated with polymetallic-sulphide en-echelon, meso-thermal style quartz carbonate veins.
The tables below outline the intersections made to date on the east end of the Border North Vein, listed by their apparent association:
Drill hole OY11-039 was concluded at 50.15m due to intersection of historic workings. Drilling on the eastern 250m of the North Vein will recommence once drilling is completed on both the bull’s eye anomaly of Border South, and the new exposure on Border Central Vein. Drilling of OY12-056 to probe the bull’s eye anomaly continues.
All drillholes in this program used HQ series for the uppermost 25-40m, and thereafter used triple-tube wireline N series. All cores were oriented and saw-split before sampling. Cores are stored at the Company facility in the city of Banlung, Ratanakiri province. All analyses were done by ALS-Chemex in Vientiane, Laos for gold by single assay ton fire assay with an AA finish, and in Brisbane, Australia for base metals by ICP-MS following acid digestion. Higher value results were analysed in duplicate. Company QA/QC protocol requires the insertion of some 20% of blank and standard samples on a randomized basis throughout the sample sequence. The protocol further requires that no sample interval be greater than 1.0 m or less than 0.25 m.
Drill supervision and logging was all done by company geologists under the direction of Kurtis Dunstone, G.AIG, Exploration Manager for ANGKOR. Mr. Dunstone is a graduate of Latrobe University, Melbourne, and Universitet Götheborg, Sweden, with 10 years of experience in mineral exploration. He is stationed in Banlung, Cambodia.
The QP for this release, which he wrote and approved, is Adrian G. Mann, P.Geol., VP Exploration for ANGKOR. He is a graduate of London University and of the University of the Witwatersrand, with over 40 years world-wide experience in mineral exploration and mining geology. Dr. Mann lives in Calgary, Alberta.
ANGKOR GOLD CORPORATION is a public company listed on the TSX-Venture exchange. The company has 4 exploration licenses in the Kingdom of Cambodia covering a total of 1167 km2 and 3 Memoranda of Understanding with the Ministry of Mines, Industry and Energy covering a further 1499 km2. The company has been actively exploring these concessions over the past 21/2 years, and has now covered all 7 tenements with stream sediment geochemical sampling, has flown low level aeromagnetic surveys over much of the ground, drilled some 11,326 metres of NQ core in 99 holes, and has collected in excess of 16,000 ‘C’ zone soil samples in 8 centres of interest, over a combined area of 19km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP. Mike Weeks, President Telephone: (780) 518-0326 Email: [email protected]
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM
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