Angkor Resources Advances Exploration at Andong Bor, Cambodia
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ANGKOR RESOURCES ADVANCES EXPLORATION AT ANDONG
BOR, CAMBODIA
GRANDE PRAIRIE, ALBERTA (February 28, 2023):
Angkor Resources Corp. (TSXV: ANK and OTCQB: ANKOF) (“Angkor” or the “Company”) announces the
commencement of the Company’s exploration on the Andong Bor copper gold porphyry property.
Previously, the Company confirmed a copper gold porphyry system on the Thmei North prospect with
similar results on the Thmei South prospect. Angkor has strategically aligned with private Canadian
company CANbodia Copper Corp. (CCC) to fund, explore and develop the Andong Bor license. ANGKOR
ACQUIRES ANDONG BOR COPPER LICENSE AND ANNOUNCES STRATEGIC ALLIANCE |
(angkorresources.com) T err y Lyon, Interim CEO of CCC, comments “Copper and gold remain key minerals
of global demand, and we are very excited to work with Angkor and advance this project towards what
we believe may be a precedent-setting discovery for copper gold in Cambodia.”
Dennis Ouellette VP of Exploration adds, “ This continuing exploration is to follow-up on the previously
announced high-grade copper drill intervals and leads us to build solid value, define a resource, and
prove a world-class projects in Cambodia.”
Copper mineralization is within veins, stockworks, and disseminations in intrusive “crowded porphyry”
rock as well as the mudstone wall rock.
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The program, initiated in February following the Environmental Impact Assessment, started with
expanding the existing soil sampling program to the southern boundary of the property. This will consist
of approximately 340 auger soil samples and is expected to take about six weeks to complete.
The previous wide spaced soil sampling program produced the sizable Thmei North and Thmei South soil
copper and gold anomalies, approximately 500 meters by 500 meters each. The Thmei South anomaly is
open to the south which is where this season’s soil sampling program is starting. The samples will be
analysed by the Company’s portable XRF at its facility in Banlung, Ratanakiri province. Selected samples
will be forwarded for verification and further gold analysis to ALS laboratory.
As well, the samples will be analysed for clay alteration using the Company’s TerraSpec mineral
spectrometer to identify pathfinder minerals related to copper porphyry alteration.
When the regional soil survey is completed, it is anticipated that a tigh ter in -fill soil survey will be
undertaken over selected targets on the Thmei North and Thmei South prospects to provide additional
data within the wide spaced soil anomalies.
The license is due west of Ratanakiri province and straddles the Oddar Meanchey and Banteay Meanchey
provinces.
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QUALIFIED PERSON
Dennis Ouellette, B.Sc. , P.Geo., 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 VP Exploration on site and has reviewed and approved the
technical disclosure in this document.
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 the country. The company
holds multiple mineral exploration licenses in the country and in late 2022, its subsidiary, EnerCam
Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest
quadrant of Cambodia. Angkor’s carbon capture and gas conservation project in Saskatchewan, Canada
proves its long-term commitment to Environmental and Social projects across expanding jurisdictions.
ABOUT CANBODIA COPPER CORP.:
CANbodia Copper Corp. is a private Canadian company with dynamic executive leadership and expertise
in mining projects, copper mineralization’s and corporate finance. To date, CANbodia has been funded
by a core group of shareholders, inclusive of financial support from its board of directors. CANbodia
has strategically aligned with Angkor to fund, explore and develop the Andong Bor license.
www.canbodiacopper.com
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.