Angkor Gold Announces Diamond Drilling Program At Okalla West
ANGKOR GOLD CORP
Box 153, Sexsmith, Alberta, Canada, T0H 3C0
1.780.568.3801 • www.angkorgold.ca
Angkor Gold Announces Diamond Drilling Program At
Okalla West
Sexsmith, AB, ( June 23 , 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) CEO Mike Weeks is pleased to announce preparations for
diamond drilling on the Okalla West project are underway. The program is being conducted in
cooperation with Blue River Resources Ltd. (TSXV: BXR).
Diamond drilling is expected to commence in the next week. Phase 1 d rilling is planned to
consist of up to a total of 500 metres. The holes a re intended to determine the orientation,
width and frequency of mineralized structures and confirm the style and intensity of country
rock alteration. A Phase 2 drill program is planned to follow Phase 1, after analysis of the
results of the Phase 1 dr illing. The target to be drilled is 600 meters in length from north to
south and about 300 metres east to west and is open in all directions. The Okalla West
prospect is situated within a 27 km 2 intrusive complex on the Banlung Property and the drill
program is expected to provide a better understanding of potential mineralization within this
zone.
Pit samples collected at one vertical metre intervals from the surface deposit were analyzed
for gold plus multi -element analysis by ALS Chemex assay labs. The r esults indicate that
gold mineralization is intimately associated with both bismuth and tellurium. The association
of gold with both bismuth and tellurium indicates that the veins are associated with the alkalic
diorite that hosts them. Auger sampling has indicated that the gold mineralization is in an
altered and faulted diorite similar to Emerald Minerals ’ Okvau gold deposit located
approximately 80 km to the south.
“The presence of bismuth and tellurium associated with gold is typical in structurally
controlled alkalic intrusive hosted gold deposits ,” said Angkor’s Exploration Manager, Dennis
Ouellette. “Bismuth is believed to play a crucial role in gold enrichment . Because there is no
rock outcropping in the area, drilling is necessary to determine the relationship between the
faults, veins and near surface gold mineralization.”
ANGKOR GOLD CORP
Box 153, Sexsmith, Alberta, Canada, T0H 3C0
1.780.568.3801 • www.angkorgold.ca
2
PIT METHODOLOGY
Excavation pits consist of lines of pits laid across identified gold in soil anomalies in irregular
east/west orientation. Individual pits are approximately 1m wide and 2m long, dug to the
depth of the deeply weathered surface layer. Pits are hand dug every 15 m centre. Each pit is
sampled from the top to the bottom of the deeply weathered surface material for pan
concentration. A second smaller sample was colle cted and sent for metallic screen analysis.
In addition, the bedrock was sampled by an auger hole from the bottom of the pit. The auger
holes test as deep as is possible into the weathered bedrock. The deepest so far has been
7.2 metres measured from the s urface profile. Auger samples collected immediately beneath
the deeply weathered surface layer were sent for gold and multi-element analysis.
SAMPLE METHODOLOGY
Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of
10 per 100. In addition, periodic checks are run on a selected spectrum of samples at ALS
Chemex laboratories. All soil and rock samples are submitted to ALS Mineral -Australian
Laboratory Services (Cambodia) Co. Ltd for preparation in Phnom Penh, and gold ana lyses
are done by ALS by standard fire assay in their Vientiane laboratories. All other analyses are
by ICP -ME and ICP22 in their Australian laboratories. Initial assays use their Au -ICP22
method of standard fire assay with an ICP -Atomic emission spectrome try finish on a 50gm
aliquot, which has a detection range of 0.001 to 10 g/t. Check assays use the Au -AA26
method of standard fire assay with an ICP -Atomic absorption spectrometry finish again on a
50gm aliquot, which has a detection limit of 0.01 to 100 g /t. Metallic screen analysis, using
their Au-SCR22 method of standard fire assay with an ICP -Atomic absorption spectrometry
finish after screening to 75 microns use a 1kg nominal weight sample, with assay of the entire
oversize fraction and duplicate assay on 50gm aliquots of the undersize fraction. This last
method has been done at the recommendation of the laboratory to avoid over or under -
estimating gold grades because coarse gold was suspected.
ABOUT ANGKOR GOLD CORP.
ANGKOR Gold Corp. is a public comp any 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 BLUE RIVER
Under an agreement wi th Angkor, Blue River Resources Ltd. (TSX -V: BXR) has the right to
participate initially in up to a 50% interest of the Banlung exploration license from Angkor
Gold Corp., after the completion of a total investment of US$3.5 million in exploration
expenditures over a 4-year period. Blue River may then exercise their option on an additional
ANGKOR GOLD CORP
Box 153, Sexsmith, Alberta, Canada, T0H 3C0
1.780.568.3801 • www.angkorgold.ca
3
20% interest of the Banlung tenement through the commission and completion of a bankable
feasibility study on the property or portion thereof.
Dennis Ouellette, B.Sc, P.G eol., 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) ac cepts 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, whether as a result of new information, future events or otherwise.
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