Angkor Gold Announces Diamond Drill Program on Oyadao South Project
Angkor Gold Announces Diamond Drill Program on Oyadao
South Project
Sexsmith, AB, (June 1, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) is pleased to announce the commencement of a focused and a
regional exploration program on Angkor’s 100% owned Oyadao South license with its partner,
Japan Oil, Gas and Metals National Corporation (“JOGMEC”).
The focused exploration program will consist of a drill program, a geophysical survey and
surface geology on the Halo copper porphyry style target. The initial diamond drill program will
consist of approximately 1,200 metres of HQ3 drilling designed to support the interpretation of
the Company’s previous IP program. Three 400 metre drill holes are planned along the IP lines
in the centre of the most prospective area of the Halo porphyry style system. The holes are
intended to better determine where to follow up with an additional drilling program plan ned for
later this year. Drilling is expected to commence June 10.
The regional exploration program will consist of geochemical sampling and geological mapping
in areas considered prospective for copper porphyry style mineralization. Areas with identified
airborne magnetic anomalies are targets of interest to the Company, especially where intrusions
also occur. Of particular focus is a 13 square kilometre area about 4.5 kilometres northwest of
Angkor’s Halo prospect . The target area includes a magnetic anom aly as do most copper
porphyry style mineralization systems.
“The Angkor-JOGMEC team is looking for more copper porphyry style systems like Halo in the
area as they seldom occur alone,” said Dennis Ouellette, Angkor’s Exploration Manager.
A total investment of US$3 million in exploration over a 3 year period has been committed by
JOGMEC under a Joint Exploration Agreement (“JEA”) with Angkor . The JEA gives JOGMEC
the option to acquire 51% of the Oyadao South license from Angkor.
ABOUT ANGKOR GOLD CORP.
ANGKOR Gold Corp. is a public company listed on the TSX -Venture Exchange and is a leading
mineral explorer in Cambodia with a large land package and a first -mover advantage building
strong relationships with all levels of government and stakeholders.
ABOUT JOGMEC
JOGMEC was established in February 2004, following the integration of the former Japan
National Oil Corporation and Metal Mining Agency of Japan. It is an Independent Administrative
Agency under the Japanese Ministry of Economy, Trade and Industry, with a mandate of
Box 153, Sexsmith, AlbertaT0H 3C0
Canada • www.angkorgold.ca
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investing in exploration minerals projects worldwide to help secure a stable supply of natural
resources for Japanese industry. JOGMEC has equity capital of 892 billion Yen (CDN $10.8
billion) at May, 2017.
Dennis Ouellette, B.Sc, P.Geol., is a member of The Association of Professional Engineers and
Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National
Instrument 43-101 (“NI 43 -101”). He is the Company’s Exploration Manager and has reviewed
and approved the technical disclosure in this document.
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Stephen Burega, Vice President of Corporate Development
Telephone: (647) 515-3734
Email: [email protected]
Website at: http://www.angkorgold.ca or follow us on Twitter @AngkorGold.
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 of the statements made and information contained herein may constitute “forward -
looking information.” In particular references to the private placement and future work programs
or expectations on the quality or results of such work programs are subject to risks associated
with operations on the property, exploration activity generally, equipment limitations and
availability, as well as other risks that we may not be currently aware of . Accordingly, readers
are advised not to place undue reliance on forward -looking information. Except as required
under applicable securities legislation, the Company undertakes no obligation to publicly update
or revise forward -looking information, whethe r as a result of new information, future events or
otherwise.