Angkor Resources Advances Exploration ON Canada Wall Prospect
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ANGKOR RESOURCES ADVANCES EXPLORATION ON CANADA WALL PROSPECT
GRANDE PRAIRIE, AB, (Jan. 11, 2022): Angkor Resources Corp. (TSXV: ANK and OTCQB: ANKOF)
(“Angkor” or “the Company”) is pleased to announce the completion of a grid rock sampling and
soil sampling program in the Canada Wall porphyry copper target within the 100%-owned Andong
Meas Exploration License, Cambodia.
Highlights of the Sampling Program
• The rock sampling program covered an area of 4.5 square kilometers which was centered on
the copper-molybdenum soil geochemical anomaly.
• A total of 142 rock samples were collected at 200m centers over the 4.5 square kilometers
to assess the petrology of surface rocks; the rocks will be analyzed using a multi-element, low
detection limit method which can help to zero in on the porphyry center.
• The soil sampling program was targeting coincident aeromagnetic, resistivity and IP
anomalies believed to be another porphyry center which remains untested by drilling.
• A total of 108 soil samples were taken on a 100m center grid over a more concentrated area
of the coincident multi -spectral anomaly proper using an auger drill to depth of blade
resistance as deep as 5.0 meters.
Company geologists have relogged core and reinterpreted the ro ck units to be aplite in contact
with moderately potassic altered diorite with accompanying pyrite/chalcopyri te veins. Aplite
formations tend to pierce the copper deposits and are common in copper porphyry systems.
The next step will be a ground magnetic survey across roughly three -square kilometres of the
prospect, taking several weeks with results to follow.
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Magnetic susceptibility of previously drilled core and rock samples collected from the area
provide the key to interpretation of the magn etic data. The ground magnetic survey will be
initiated within the next few weeks.
VP Exploration, Dennis Ouellette explains the rational, “ Recent drilling indicates that the potassic
altered diorite with pyrite and chalcopyrite has a lower magnetic susceptibility than the
granodiorite containing it. The granodiorite is host to pyrrhotite and chalcopyrite mineralization
in quartz breccias. It is likely that we have a copper porphyry intruding a copper molybdenum
porphyry at Canada Wall. ”
QUALIFIED PERSON
Dennis Ouellette, B.Sc, P.Geo l., 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 CORP.
Angkor Resources Corp. is a public company, listed on the TSX- Venture Exchange, and is a leading
resource optimizer in Cambodia with multiple licenses in NE quadrant of the country. In 2020, the
company received approval and initiated negotiations on Production Sharing Contrac t (PSC) terms
for Block VIII, a 7,300 square kilometre oil and gas license in Cambodia.
CONTACT:
Delayne Weeks, CEO Telephone: +1 (780) 831-8722 Email: [email protected]
Website: http://www.angkorresources.ca or follow us on Twitter @AngkorResources
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.