Angkor Resources Extends Trenching Program at Wild Boar Gold Prospect
Angkor Resources Extends Trenching
Program at Wild Boar Gold Prospect
Toronto, Ontario--(Newsfile Corp. - April 29, 2021) -
Angkor Resources Corp. (TSXV: ANK) (OTC
Pink: ANKOF) ("Angkor" or "the Company")
CEO, Stephen Burega is pleased to announce a
continuation of trenching at its Wild Boar prospect at Angkor's 100%-owned Andong Meas license. The
previously completed pitting program revealed numerous shallow dipping to flat gold-bearing quartz
veins over an area of 75 metres X 250 metres.
While the previously announced Induced Polarization (IP) program continues over the area (
See Press
Release
), the Company has initiated a trenching program based on the near-surface veins detected and
sampled in the test pits. This program will determine the length of the veins between the test pits; the
grade of the gold in the veins; and how the veins terminate.
Program Highlights
Intensely silicified dacite, common in epithermal environments, were identified to the east of where
the high-grade gold-bearing quartz floats occurred extensively.
The trenching program will connect the test pits which previously exposed the gold-bearing quartz
veins.
Veins range from 10 cm to 70 centimeters and are near-surface and shallow-dipping
Veins will be chip sampled at a minimum of one meter in length to a maximum of two meters for
each sample.
Trenches will continue for the length of the vein, anticipated to be a minimum of 40 metres and at
depths less than 1.5 metres.
"We are encouraged that float samples from the original pit program produced assays returning gold
values as high as 7.76 gpt Au (from Line 5 Pit #2)," stated Dennis Ouellette, VP of Exploration. "The
trenching will now look to determine if the veins contain high grade pockets caused by vein junctions;
vein change in dip or strike; and/or change in width or brecciation resulting in high-grade deposition."
"Now that we know the veins carry gold, we need more detailed information on the quantity of veins, the
depth, the intersections, and the grade," stated Stephen Burega, CEO. "The IP geophysical response to
this series of veins with follow-up drilling will help us to evaluate other areas within the expanding target
area."
Ongoing mapping and termite sampling programs continue to expand the area of interest at the Wild
Boar prospect to the east and north.
Although heavy equipment could be used for the trenching, digging by hand serves to increase
employment for local personnel, and to minimize ecological disturbance for both access and exploration
work. The trenches are filled in after the mapping, measurements, and samples and assays are
complete.
Angkor staff complete shallow trenches following multiple gold-bearing veins identified during its recent
pitting program. Veins will be mapped, sampled and assayed for grade, intersections, thickness, and
dip or strike.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7648/82170_figure1.jpg
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:
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/82170