VANCOUVER, BC (October 22nd 2013), ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) has completed preliminary reconnaissance work on the Phum Lomh (“PL”) prospect, Oyadao Exploration License in Ratanakiri province, northeast Cambodia.
Scott Donahue, Angkor’s COO, commented, “Phum Lomh is in the same Oyadao license of which we sold a portion to a Chinese-led consortium. Our low-cost survey and sampling programs earlier this season produced some promising results. We received the final assessment last week from our international geological team, based on which, we’ll be following up aggressively later this year.”
Exploration follow-up on multi-element stream sediment geochemical anomalies produced an interesting lead-zinc anomaly in the southeast of a small pilot survey block in which termite mound samples (TMS) were collected along lines at 100m intervals.
Most of the area is covered by later basalts (dark green on the map) with either deflated laterite or Permian volcano-sedimentary rocks (mustard) to the southeast. It is in this southeast corner that the Zn-Pb anomalies occur, reinforced by almost coincident high Rb:Sr ratios, which in turn coincide with strong potassium in the termite mounds. These elements are suggestive of volcanic activity and associated low sulphidation mineralization. That they occur on a fault line striking 105o further enhances the possibilities. The survey will be expanded towards the southeast and southwest.
Crosscutting quartz veinlets in a microstockwork fragment of float, Phum Lomh prospect.
Geological reconnaissance in this general area has been greatly improved by jungle clearance for a rubber plantation, and several quite passable tracks. To the east is a very coarse grained pink (potassic) feldspar adamellite. Just to the southwest of the survey area, this is in faulted contact with pale felsic pyroclastics, where float fragments of a quartz veinlet micro-stockwork in the pyroclastics have been found. This further increases the prospectivity of the area.
Base metal analyses of TMS were done in-house using an XRF instrument, calibrated against over 2000 termite mound samples analyzed using ICP-MS after 3 acid digestion by ALS-Chemex. All samples were dry sieved to -80# prior to analysis. ANGKOR’s XRF analytical protocol requires insertion of calibration standards after every 10 analyses.
The QP for the technical content of 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 the University of the Witwatersrand, with over 45 years world-wide experience in mineral exploration and mining geology. Dr. Mann lives in Calgary, Alberta.
ANGKOR’s 7 (seven) exploration licenses in the Kingdom of Cambodia cover 1448 km2, which the company has been actively exploring over the past 4 (four) 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 18,737 metres of NQ core in 148 holes; and has collected in excess of 20,000 augered ‘C’ zone soil samples, and over 32,000 TMS in 12 centres of interest, over a combined area of 70km2 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 CONTACT:
ANGKOR GOLD CORP.
Mike Weeks, President
Telephone: (780) 568-3801
Email: [email protected]
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