GRANDE PRAIRIE, ALBERTA (March 18, 2025): ANGKOR RESOURCES CORP. (TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) announces its Cambodian subsidiary, EnerCam Resources Co. Ltd. Cambodia (“ECC”) is currently undertaking the Environmental Impact Assessment (“EIA”) across Block VIII onshore oil and gas license.
The contract to complete the assessment for the Ministry of Environment (‘MoE’) is the first technical component for exploration of the 3729 square kilometers for oil and gas development. After negotiating with several environmental consulting companies for the past two months, ECC signed a service contract with a Cambodian-based environmental consulting company on March 13, 2025, two days following the notice from the Royal Government of Cambodia to proceed on Block VIII.
Mike Weeks, President of ECC comments on the EIA: “The EIA is a credible document that positions the company with a favorable advantage:
- The EIA gives all stakeholders a baseline measurement for air, water, soil, flora & fauna before ground-based activities begin.
- The EIA provides a qualified, independent assessment on the targeted areas and any potential sensitive issues.
- The ECC team and the EIA consulting team will spend considerable time with landowners to explain what the assessment will measure in preparation for the next activities, so the consultants and EnerCam team members become involved in delivering part of the educational component for the oil industry.”
The EIA team will be measuring air, water, and soil quality in the areas within the license as part of its criteria. Generally, these assessments take 2-3 months and ECC is taking steps to lose no time so other activities can begin. Other research and analysis of the existing data that does not require technical people on the ground continues and will be ongoing while the EIA is underway.
Weeks continues, “We have done multiple EIAs on the mineral properties and the finished document is generally 150-180 pages and becomes a guide and reference on all environmental factors in advance of working the license area. As well, the EIA allows us to educate the local communities about the industry, various steps we take, employment opportunities, and helps manage expectations regarding the upcoming activities.”
ECC expects that additional personnel from the General Department of Petroleum and from the Ministry of Mines and Energy (MME) will be joining the team as they cover the license area. Multiple meetings with different communities will take place over the coming weeks.
Following the EIA, the Company plans to complete seismic over 350-line kilometers, which additional technical personnel from ECC have been working on for the past two months.
ABOUT ANGKOR RESOURCES CORPORATION:
ANGKOR Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest quadrant of Cambodia called Block VIII. Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.
CONTACT: Delayne Weeks – CEO
Email: [email protected] Website: angkorresources.com Telephone: +1 (780) 831-8722
Please follow @AngkorResources on LinkedIn, Facebook, Twitter, Instagram and YouTube.
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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