Angkor Resources Identifies Multiple Quartz Veins and Gold Grains in Pits and Trenches on Wild Boar Gold Prospect, Cambodia
Angkor Resources Identifies Multiple Quartz
Veins and Gold Grains in Pits and Trenches on
Wild Boar Gold Prospect, Cambodia
Toronto, Ontario--(Newsfile Corp. - March 23, 2021) - Angkor Resources Corp.
(TSXV: ANK)
(OTC PINK: ANKOF)
("Angkor" or "the Company")
CEO Stephen Burega is pleased to report that
it's recent exploration program on it's 100% owned Wild Boar old Prospect continues to return positive
results and demonstrates the prospective of Wild Boar as an epithermal gold system.
The Company
completed 80 test pits (see Figure below), and surface mapping at Wild Boar (WB) on its Andong Meas
licence with many of the test pits containing angular gold grains and mapping identifying areas with
multiple quartz veins.
Highlights Of Recent Program
Angular free gold in over 40% of the test pits suggesting the gold is close to source;
Eighty (80) test pits were completed on six (6) lines on the northern portion of the WB prospect;
Northeast trending and southeast shallow dipping quartz veins up to 0.50 metres in width were
mapped in test pits;
The proposed next phase of work will consist of a 10 line-kilometer Induced-Polarization (IP)
survey in April;
Based on results of the recently completed program and the upcoming IP survey, Angkor will plan a
diamond drill program of approximately 1,000 metres.
The geophysical/geochemical programs and results to date suggest that the WB target is an epithermal
gold occurrence related to the Canada Wall (CW) copper/molybdenum/gold porphyry center 3.5
kilometres to the west. Both are within the same intrusive complex with CW in the north-center and WB
on the eastern flank.
"This is consistent with recent work which shows that eastern Cambodia was subjected to two separate
mountain building tectonic events resulting in two separate intrusive rock forming events both of which
are conducive to porphyry copper-gold-molybdenum and associated epithermal gold formation," stated
Dennis Ouellette, VP of Exploration.
Stephen Burega, CEO, commented: "Angkor holds several exploration licenses with the potential to host
copper porphyry occurrences, epithermal gold deposits, and related skarns and we believe that the
Andong Meas license shows potential for all three."
The next phase of Angkor's work program will consist of a 10 line-kilometer Induced-Polarization (IP)
survey in April. Compilation and interpretation of all data collected will then inform the Company on
targeting an approximately 1,000 metre preliminary diamond drill program.
Map shows location of pitting program
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Test Pit Program
Eighty (80) test pits were completed on six lines on the northern portion of the Wild Boar prospect. It is
very encouraging to note that 45% of the pits returned up to 15 gold grains with fine to medium grain
sizes. The angular nature of some of the grains suggest a nearby source. The samples from the pits
consisted of saprolite and weathered bedrock. Each sample was pan concentrated to determine the
gold content. Most of the pits with gold also contained quartz vein material.
Several northeast trending and southeast shallow dipping quartz veins of up to 0.50 metres in width were
uncovered from the test pits. Quartz veins exhibit massive to comb textures typical of an epithermal
environment. These vein samples along with the weathered bedrock on each test pit have been
submitted for gold and multi-element geochemistry.
Each line was spaced at 20 meters and the test pits at 10 meters. Test pits show alluvium/colluvium
cover of up to 80 centimeters thick which is more likely the reason for the non-detection of geochemical
signatures from previous soil sampling program amidst a number of gold-anomalous rock float samples
discovered in the area.
The Wild Boar Prospect is located in the southeast area of the 100%-owned Andong Meas license, and
portions of the area have seen intensive artisanal workings on several subparallel epithermal veins.
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.
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