GRANDE PRAIRIE, ALBERTA (April 16, 2015): ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) today released drill results from nine diamond drill holes of a twelve hole first phase program on Pheap Vein, Banlung North Tenement, Cambodia. All holes encountered vein material and gold mineralization. The following table details the results:
CEO Mike Weeks describes this area, “We are very encouraged by the results of the drilling at Katieng. The holes were drilled to shallow depths and encountered several veins in what appears to be the end of a broad spread of a horse tail with veins branching out close to the surface, indicated by high grade gold in narrow intersections. There are potentially larger veins at depth where there is less branching (or horse tailing).”
A total of 289m, for 12 diamond drill holes ranging from 16.7 to 30.0m were drilled in the northwest of the Katieng intrusive margin, all of which intersected two continuous epithermal gold veins, over a 100m strike section of the Pheap vein artisanal workings. The drilling was based on field mapping and significant assay results from surface rocks collected in the illegal mining area.
The cross section through Pad ‘A’, below, demonstrates the relation between these veins.
The veins are open along strike and at depth, and evidence from field mapping and the drill core indicates the veins are thickening towards the east in the direction of a larger sandstone host unit, which is a better host unit for greater vein dilation and grade than the siltstone.
The first round of drilling on the Pheap Vein has proven it to be an intrusive, margin related, structurally controlled, high tenor gold epithermal vein system within a metamorphosed siltstone and sandstone sedimentary host.
The assay results of both the Pheap vein drilling and surface samples are significant as they have similar geology, geochemistry and metal content to those of drilling intersects from 2012 in the South of the Katieng intrusive prospect area; and increases the potential for further epithermal gold vein system discoveries along the Katieng intrusive margin.
Drill hole KT12-003D (drilled and previously reported in 2012) is over 800m to the south of the Pheap vein sampling and drilling, and contained 3.76 g/t Au and 13.56 g/t Ag over a 2m NTW half core sample interval. Assays from this drill interval contained similar amounts of As, Cu, Mo, Pb and Zn, indicating that it is part of the same epithermal vein system event as the samples assayed from the Pheap vein area.
Surface rock samples from the Pheap vein (issued Press Release dated March 3, 2015) returned significant gold and silver assay results (highest 60.2 g/t Au and 81.1 g/t Ag), as well as elevated arsenic, copper, lead and zinc in a fine grained metasediment host, the same as those intersected in the March 2015 drilling program. These field and drill results warrant additional surface geochemistry and geophysics investigations to help define further drill targets.
Gold analyses were done by ALS by standard fire assay in their Vientiane laboratories, all other analyses were by ICP-MS in their Australian laboratories. Angkor’s QA/QC protocol required semi-random insertion of calibration standards and blanks at a rate of 10 per 100. The QP for this release, which he wrote and approved, is Kurtis Dunstone, BSc Geology, Senior Project Manager for ANGKOR. Mr. Dunstone has fifteen years post graduate experience and is a professional member of the Australian Institute of Geosciences.
ANGKOR’s seven exploration licenses in the Kingdom of Cambodia cover 1,448 km2, which the company has been actively exploring over the past 5 years. The company has now covered all tenements with stream sediment geochemical sampling; has flown low level aeromagnetic surveys over most of the ground; drilled 19,491 metres of NQ core in 151 holes; and has collected in excess of 90,000 termite mound, and ‘B’ and ‘C’ zone soil samples in over 20 centres of interest over an area of over 100km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.
ANGKOR GOLD CORP., a public company listed on the TSX-Venture Exchange, is Cambodia’s premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national).
For further information please visit our website at www.angkorgold.ca ; email us at [email protected], or contact:
ANGKOR GOLD CORP.
Mike Weeks, President
Telephone: (780) 568-3801
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