Angkor Resources Defines Drill Targets at Wild Boar Prospect, Cambodia
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ANGKOR RESOURCES DEFINES DRILL TARGETS AT WILD BOAR
PROSPECT, CAMBODIA
GRANDE PRAIRIE, AB, (Jan. 18, 2022): Angkor Resources Corp. (TSXV: ANK and OTCQB: ANKOF)
(“Angkor” or “the Company”) reports advancement of the Wild Boar prospect on the Andong Meas
license with analysis and interpretation, defining several drill targets.
A thorough examination of the exploration data acquired over the past season’s activities has been
completed and drill targets have been identified over the main Wild Boar showing. Additionally, multiple
mineralized zones have been delineated away from the main showing which require additional work.
The maiden diamond drill program will consist of approximately 1,200 metres in ten holes. It is designed
primarily to test vein-style gold mineralization over at least 800 metres of strike length.
Completed Exploration Activities in Wild Boar and Proposed Drilling Area
The legend of the map identifies
each step of exploration
undertaken. The resulting map
illustrates the mineralized zone
in and outside the Wild Boar
main showing. within the
prospect.
Drill targets are identified in a 3
km zone that is supported by the
data and the results of the
second map below, which shows
a zoom-in, close-up of the
drilling target area.
The mineralized areas outside of
the planned drilling zone require
more work before defining more
drilling.
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Close-up view of Drill Target Area with Ground IP and Test Pit Areas
All the work was completed in collaboration with the local Jarai Indigenous communities under a
joint operating agreement between Angkor and the communities.
The compilation of last season’s activity on Wild Boar included analysis of:
- 998 geochemical soil samples on west, south, and north extensions of Wild Boar
- 111 rock samples
- 80 test pits with 127 rock samples
- 2 artisanal shafts
- 15,450 metres on 18 lines of ground IP-Resistivity geophysical survey
- Combined 2D/3D array IP survey
Dennis Ouellette, VP Exploration, describes, “Interpretation of the IP survey completed over the
Wild Boar gold target suggests that the system is an intact epithermal gold system with the flat
lying veins discovered on surface representing the upper portions of the system. A north trending
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moderate resistivity anomaly continues to depth and may be the feeder zone for the dacite flows
mapped on surface and may also have acted as the conduit for the epithermal vein system.
Chargeability values are quite low as would be expected in a low sulphidation system, but they do
flank the resistivity anomaly and increase in strength at depth (+100 metres) which may be
reflecting wall rock clay alteration due to boiling within the epithermal system. The point of boiling
in an epithermal system frequently produces ‘bonanza’ grades of gold mineralization.“
Work continues on other prospects so drilling activities across the license can be consolidated.
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
resource optimizer in Cambodia with multiple licenses in NE quadrant of the country. In 2020, the
company received approval and initiated negotiations on Prod uction Sharing Contract (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) acc epts 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.