Angkor Resources Announces Initial Assay Results from Wild Boar Gold Prospect, Cambodia
1 of 3
Angkor Resources Announces Initial Assay Results from Wild
Boar Gold Prospect, Cambodia
TORONTO, ON, ( April 07, 20 21): Angkor Resources Corp. (TSXV: ANK and OTC:
ANKOF) (“Angkor” or “the Company”) CEO Stephen Burega is pleased to announce the
initial assays results of gold grades from 0.15 g /tonne Au up to 7.76 g /tonne Au from the
shallow test pits program conducted by the Company on the northern section of the Wild
Boar gold prospect on its 100%-owned Andong Meas tenement.
Highlights Of Recent Program
• The Company uncovered multiple narrow E -NE and N -NW, shallow dipping gold-
bearing quartz vein structures.
• Initial assays returned gold grades from 0.15 g/tonne Au to 7.76 g/tonne Au.
• The shallow dipping veins which strike in two directions likely represent an epithermal
stockwork emplaced near the roof of the hosting granodiorite intrusive.
“The low angle veins, presence of dacite dikes and tuffs, lack of significant sulfide, and the
absence of base metals suggests that the veins were emplaced relatively close to surface ,”
stated Dennis Ouellette, VP of Explorations. “And I believe that t his means the entire
epithermal system should be preserved at depth.”
“The shallow dipping nature of the vein observed from the test pits were also noted in one of
the rehabilitated artisanal mine shafts on the southern part of the prospect area wherein the
dip slightly went steeper with depth,” Ouellette continued.
The shallow dipping veins which strike in two directions likely represent an epithermal
stockwork emplaced near the roof of the hosting granodiorite intrusive. Typically, gold grades
increase with depth reaching a peak at the point referred to as the ‘Bonanza Zone”. Base
metal values generally increase below this zone.
During the 2020 work season, a number of quartz vein float samples were collected at the
Wild Boar prospect reaching as high as 70.70 gpt Au and numerous alluvial/artisanal
workings were mapped.
Mike Weeks, Chairman, who has been working in Cambodia since November, states,
"While adhering to strict Cambodian COVID protocols, we are busy and still working here.
2 of 3
We are getting things done and our whole team is excited by what they see and the
opportunity the property presents. We are pleased to make substantial progress on one of
our Flagship prospects in spite of the many challenges that companies face in today's
difficult environment.”
As previously announced (see Press Release), the Company’s two (2) planned Induced
Polarization (IP) programs are designed to initially detect structural detail to depths up to
250 metres and then to also penetrate up to 500 metres to delineate the deeper intrusive
targets.
Drilling operations are anticipated to commence in May 2021 after geological and
geophysical interpretations are completed.
Image #1 - Angkor team takes samples during its test pitting program
Image #2 – Example of angular gold found in-situ during the
test pitting program
3 of 3
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 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 across four 100%-owned
licenses and a fifth license under an earn -in agreement with a third party. In 2019, the
company received approval to negotiate Production Sharing Contract (PSC) terms for Block
VIII, a 7,300 square kilometre oil and gas license in Cambodia.
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 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.