Angkor Reports 55.4 g/t Gold from Wild Boar Sampling
Angkor Reports 55.4 g/t Gold from Wild Boar Sampling
TORONTO, ON, (May 27, 2020): Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) CEO Stephen Burega is pleased to report on the recently
completed mapping and sampling program on its 100% owned Andong Meas property.
Highlights
• Multiple grab samples with gold from 3.08 to 55.4 g/t grams of gold per tonne;
• Significant gold target has been identified from s amples collected over a north to south
distance of more than 600 metres; and
• Evidence of multiple mineralized epithermal quartz veins and skarn type alteration across
the license including the Wild Boar and Wild Monkey prospects.
“This program was designed to re-sample the higher grade showings around the Wild Boar
prospect and to map and resample the quartz vein material found in the Canada Wall copper
porphyry target,” stated Stephen Burega. “The northern most quartz vein float samples were
collected over a north to south distance of more than 600 metres representing a new and
significant gold target for the Company.”
Assay Results
The samples below are selected samples and are not necessarily representative of the
mineralization hosted on the property:
Sample
Number Gold g/t Silver g/t
AM19-WB-01 9.09 3.0
AM19-WB-02 8.69 5.6
AM19-WB-03 3.08 1.5
AM19-WB-04 17.5 4.4
AM19-WB-05 55.4 9.8
AM19-WB-06 46.9 13.5
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The mineralization from the area is polymetallic veins with Au, Ag, Cu, Pb, Zn with anomalous
values of As, Bi, Mo, Sb, and Te.
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“The float grab samples collected to date suggest that the occurrence is of the intrusive hosted
mesothermal gold vein type of deposit”, state Dennis Ouellette, ANK’s VP of Exploration.
“Mesco Gold’s Phum Syarung gold mine which is currently in development is an example of this
type of deposit. The Mesco mine is located approximately 18 kilometres south of the Wild Boar
prospect.”
“Interestingly while there is evidence of artisanal mining at the southern portion of the traverse,
in contrast, in the northern area where the highest grade samples were collected, there was no
evidence of artisanal mining,” he continued. “Plans are currently in the works for additional
follow-up on the highly prospective targets.”
Ongoing exploration of the Andong Meas tenement included mapping and sampling around
previously located high-grade float samples in the Wild Boar prospect area. Additional sampling
was conducted in the area of historical gold veins north and west of the Ca nada Wall copper
molybdenum porphyry target. Removal of the local forest by agriculturalists has made locating
these historical workings much easier.
PREVIOUS EXPLORATION
The Andong Meas License hosts the Company’s Canada Wall copper molybdenum gold porphyry
system and the adjacent South Creek copper porphyry system prospect as well as several gold
targets, including the Wild Boar which has seen extensive artisanal mining in the past and Wild
Monkey that showed multiple surface samples with gold grade up to 3.93 gpt. Exploration
programs were designed to re-sample the higher grade showings around Wild Boar and map and
sample the quartz vein material found in Wild Monkey. Rock chip and grab samples are selected
samples and are not necessarily representative of the mineralization hosted on the property.
In addition to the gold bearing quartz veins, skarn alteration on the contact between granites and
marbles in the area was observed. No mineralization was observed within the skarn alteration,
but the presence o f carbonate rocks and mineralized intrusive rocks suggests that there is the
possibility of skarn mineralization in the area.
SAMPLE METHODOLOGY
Angkor maintains a rigorous sample quality control and assurance protocol, with the customary
insertion of blanks and standards, cross-checking and duplicate analysis, retention of all saw-split
cores and sample pulps at their gated and fenced secure facility in Banlung. Analysis for
publication are all done by accredited third party laboratories, usually ALS-Chemex in Vientiane
or Perth, by SFA and AAS finish for gold, or ICP -MS for base metals In -house geochemical
analysis of soil and termite mound samples are done at the company’s Banlung laboratory by
XRF for base metals and by panning for qualitative gold detection.
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 s ubmitted to ALS Mineral -Australian Laboratory
Services (Cambodia) Co. Ltd for preparation in Phnom Penh, and gold analyses are done by ALS
by standard fire assay in their Vientiane laboratories. All other analyses are by Aqua Regia
digestion with ICP-AES/ICP-MS (51 element ME-MS41 package) in their Australian laboratories.
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Initial assays use their Au -ICP22 method of standard fire assay with an ICP -Atomic emission
spectrometry 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.
Dennis Ouellette, B.Sc, P.Geo., is a member of The Association of Professional En gineers 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 VP Exploration on site and has reviewed
and approved the technical disclosure in this document.
ABOUT ANGKOR RESOURCES CORP.
Angkor Resources Corp. is a public company, listed on the TSX -Venture Exchange, and is a
leading mineral explorer in Cambodia with a large land package . In 2019 it added Block VIII, a
7,300 square kilometre oil and gas exploration license in Cambodia, to its exploration portfolio.
CONTACT:
Stephen Burega, CEO
Telephone: +1 (647) 515-3734
Email: [email protected]
Website: 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, whether as a result of new information, future events or otherwise.
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