GRANDE PRAIRIE, ALBERTA (November 5, 2015): ANGKOR GOLD CORP. (TSXV: ANK) (“ANGKOR”) is pleased to announce that the 2015/16 exploration program has launched. The company’s exploration season will utilize the expertise of Beijing Explo-Tech Engineering Co. (BETEC) Ltd. of China to continue exploration on both the Okalla West gold project and the Halo copper (Cu)—molybdenum (Mo) project in addition to advancing their regional knowledge of their 1500 km2 land package.
The exploration program will further expand Angkor’s geophysical understanding of both areas. The 2015 field program, on its 100% owned properties, will initially consist of 20 km2 IP (Induced Polarization) geophysical survey aimed at defining the size and scale of the main target responses on both projects. In addition, both regional and detailed mapping along with infill soil geochemistry sampling will be ongoing throughout the season to further evaluate the primary exploration targets.
The main follow-up work will focus on the 7.25 km2 Cu anomaly (up to 7470 ppm), with a 0.9 km2 central Mo anomaly (up to 1490 ppm) in Halo and the 2 km2 NW-SE trending gold anomaly with 83% of pan concentrates containing visible gold in Okalla-West. Angkor will also be conducting semi-regional field termite geochemical surveys as follow-up on stream sediment survey gold anomalies in its Andong Meas Tenement, to the west and north-west of the CW prospect.
J.P. Dau, VP of Operations, commented, “We are excited to be getting back into the field. We have taken the time over the monsoon season to evaluate our 2014/15 field data, which has further reinforced the significance of our flagship prospects, Halo, Okalla West and CW,” He continued, “With the advancements made on these prospects this season, our goal is to bring our understanding of these assets to a drill-ready position and explore serious joint-venture interest to take these prospects to the next stage.”
Mike Weeks, President of ANKGOR said, “I am committed to opening every door I can to identify the most advantageous joint-ventures on our flagship prospects – Halo and CW.” Weeks continued, “Having the BETEC team onsite to continue providing us with their world-class geophysical support further emphasises my high expectations for this year’s work program.”
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 current member of the Australian Institute of Geoscientists.
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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