GRANDE PRAIRIE, ALBERTA (August 11, 2015): ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) announced that diamond core drilling in the 2015 season intersected mineralised epithermal gold veins throughout 1.5 square kilometres in the Katieng intrusive area, and in three prospects.
All drilling programs in the area focused around the Katieng intrusive, which consists of a fine-grained diorite with multiple associated east west distally-extending diorite dykes and an intrusive footprint of about 1.5 square kilometres. Low sulphidation, gold-hosted, epithermal veins have been intercepted in every single drilling program conducted in the Katieng area, including results from the previous concession-holder, Liberty Mining International (LMI), in 2008.
Pheap Vein Prospect
The table below at left provides three results from the Pheap epithermal gold vein prospect, and add to recently announced mineralization (Press Release 2015-04-16, tabled in the right table below). Further drilling in July on the eastern extension of the Pheap vein prospect, consisting of four holes totalling 114m along strike to the east, returned the latter four results (table below at left).
These results, accompanied with the additional results from June-July drilling and the previous April results, indicate an expanded strike zone of 176 metres on the vein and mineralisation remaining open along strike and depth.
The combined results indicate a continuation of the mineralised epithermal vein system to the east, allowing scope for further drill testing following the monsoon season. Creek mapping in the steep creek gully, adjacent to the north and east of the drilling, has shown a broadening of the redbed sandstone unit below and to the north of the collars.
Hilltop Prospect
1km to the south of Pheap prospect is an 8m deep winze and open stope on the narrow quartz-carbonate Hilltop prospect vein, from which grab samples have returned values of 31.9g/t Au, 23.8g/t Ag and 31.1g/t Au and 56.1g/t Ag, both with significant (>0.2%) lead, and strong arsenic (>0.04%). No prior drilling had been conducted in this greenfields area. A short drilling program of 79m, in 2 holes, was initiated to test the values in the Hilltop prospect, which returned the following results:
The drilling intercepted laminated quartz, carbonate, pyrite epithermal veins with visible subordinate galena and moderate sericite salvage, as well as second order quartz-carbonate-epidote-galena veins, in a host of fine grained strongly biotitic diorite. These drill results demonstrate a potential for further epithermal vein discoveries in this area. Detailed field mapping has been earmarked for this area following the monsoon season, with the potential for further drilling in mind.
Cha Vein Prospect
Two test holes were completed on a third epithermal vein prospect this season in the Katieng area for a total of 148.2m. The Cha vein prospect is 500m east of Hilltop and 1km south east of Pheap vein. This area has undergone extensive illegal workings, with cribbed vertical winzes down to 11, 12 and 20m in places.
Some previous mapping and drilling was done by LMI in 2008, from which grab samples of quartz veining included: 8.93 g/t Au, 11.7g/t Ag; 6.28g/t Au, 2.0g/t Ag; 5.02g/t Au, 12.2g/t Ag; 4.19g/t Au, 17.2g/t Ag. Three of the 5 holes (BL08-003D, BL08-004D, BL08-003D) previously drilled by LMI on Cha vein were re-logged and quarter-core-sampled in detail. Historical records showed these diamond drill holes were sampled in intervals of up to 6 metres. The following results are from this re-sampling:
The uppermost zone intercepted in BL08-R04D was the focus of the 2 holes drilled this season;
Those 2 drill holes by ANK in July gave the following results:
The drilling indicated that there is an epithermal vein system in the Cha vein prospect, though it appears to be marginal, and requires further investigation.
Drill holes in this program used PQ series down to a maximum of 20.9m, HQ3 triple tube series to a maximum of 44.5m, and thereafter used NTW3 triple-tube wire-line N series. All cores were oriented and saw-split before sampling. Remaining cores are stored at the Company facility in the city of Banlung, Ratanakiri province. All core samples were submitted to ALS preparation laboratories in Phnom Penh. All gold analyses were done by ALS standard fire assay single assay ton in their Vientiane laboratories, Laos, with an AA finish; and in Brisbane, Australia for base metals by ICP-MS following acid digestion. Higher value results were analysed in duplicate. Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of 10 per 100. The protocol further requires that no sample interval be greater than 1.0m, nor less than 0.25m. Width quoted are drill intersections and not true width.
Angkor notes that grab samples, like those included above, are selective in nature and is not necessarily representative of the mineralization identified on the property.
The QP for this release, which he wrote and approved, is Kurtis Dunstone, BSc Geology, Senior Project Manager for ANGKOR. Mr. Dunstone has 15 years post graduate experience and is a member of the Australian Institute of Geoscientists (AIG).
ANGKOR’s seven exploration licences in the Kingdom of Cambodia cover 1,448 km2, which the company has been actively exploring over the past 6 years. The company has now covered all tenements with stream sediment geochemical sampling; the company has flown low level aeromagnetic surveys over most of the ground; drilled 21,855 metres of NQ core in 190 holes; and has collected in excess of 110,000 termite mound, and ‘B’ and ‘C’ zone soil samples in over 20 centres of interest over a combined area of over 140km2, 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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