GRANDE PRAIRIE, AB, (June 9th, 2021): Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) announces that recent exploration has expanded the copper anomaly to 1.5 by 1.2 kilometres with up to 443 ppm (g/t) copper on the 100%-owned Andong Meas license.
Further exploration and analysis confirm the Canada Wall prospect as a large zone of copper-molybdenum (Cu-Mo) mineralization hosted within the western side of the Andong Meas tenement. The copper-in-soil anomaly is 1.5 by 1.2 kilometres and contains a 500 by 500 metre zone of 150 ppm to 443 ppm copper. An anomaly of 30 ppm up to 299 ppm molybdenum is contained within the larger copper anomaly (see map below).
Highlights:
- Copper-in-soil values up to 443 ppm which trend conformably, and occur within broader copper-anomalous zones.
- 11,376 soil samples collected and analyzed for Copper and Molybdenum over an area of two kilometers by three kilometers.
- Activities are under way to trench and complete a detailed grid on both anomalies and expand the soil geochemical program on both prospects to establish drill targets.
Consulting Australian geologist, John Menzies, further assessed the Andong Meas prospects and comments, “I was genuinely surprised to find a convincingly interesting porphyry Cu-Mo prospect of likely Cretaceous age at Canada Wall. Diamond drilling has intersected wide intervals of vein stockwork and breccia with pyrite, chalcopyrite and locally molybdenite. It is recommended that the soil geochemical program be extended.” John C. Menzies, BSc., Fellow of the Society of Economic Geologists and the Australian Institute of Geoscientists., Chairman of Cmi Capital Ltd.
VP Exploration Dennis Ouellette comments, “In tropical environments with heavy rains, mobile elements like copper are leached and carried lower in the soil profile when the rains recede and the water table drops. The expected diminishment of copper in the upper soil environments means that encountering soil results of 200 ppm Cu or higher makes the anomaly at Canada Wall very intriguing.“
Previous exploration work included soil geochemistry from termite mounds and shallow holes, ground magnetics, and an IP/Resistivity survey. The latter identified two large conductors, Canada Wall to the north and South Creek/JD2 to the south (a new area of exploration). The two geophysical features indicate mineralization hosted by quartz veins and breccias containing pyrite, chalcopyrite, molybdenite and pyrrhotite. Canada Wall copper prospect is 3 km west of the Wild Boar gold prospect.
QUALIFIED PERSON
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 on site and has reviewed and approved the technical disclosure in this document.
ABOUT ANGKOR RESOURCES CORP.
Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading mineral explorer in Cambodia with a large land package across four 100%-owned licenses and a fifth license under an earn-in agreement with a third party. In 2020, the Company received approval and initiated negotiations on Production Sharing Contract (PSC) terms for Block VIII, a 7,300 square kilometre oil and gas license in Cambodia.
CONTACT:
Delayne Weeks, CEO
Telephone: +1 (780) 831-8722
Email: [email protected]
Website: http://www.angkorresources.ca or follow us on Twitter @AngkorResources
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 information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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