Four New Gold Anomalous Targets Found at Andong Meas
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Four New Gold Anomalous Targets
Found at Andong Meas
TORONTO, ON, (December 2nd, 2020): Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) CEO Stephen Burega is pleased to report on the recently completed
mapping and sampling program on its 100% owned Andong Meas property.
Highlights
• Four new epithermal anomalous gold targets have been identified by Angkor’s team around
the outer rim of the previously discovered Canada Wall copper porphyry target
• The anomalies appear to be similar to other structurally controlled epithermal gold
occurrences identified on the Andong Meas and Oyadao North licenses
A detailed soil sampling program by Angkor’s team has identified four (4) new gold anomalous targets
to the east and southeast of the main anomalous area at the Canada Wall (CW) prospect on the
Andong Meas license. CW is a copper molybdenum porphyry occurrence with several gold anomalies
surrounding it.
“This is very similar to what we have seen at other identified gold anomalies at Oyadao North license,
and elsewhere on the Andong Meas license,” stated Dennis Ouellette, VP of Exploration. “These
anomalies are structurally controlled epithermal gold occurrences. The benefit of this type of structure
is typically their proximity to surface with possible high- grade ore shoots. These new ar eas will be
examined immediately to determine the best methods of evaluating them to a drill-ready stage.”
“Artisanal miners on the Canada Wall property were recovering gold from creeks during this past
rainy season,” stated Stephen Burega, CEO. “The Company sent out a crew to pan along two creeks
not previously sampled to test for gold. In addition, the banks of five creeks were soil sampled to
determine if the source of the gold could be discovered and we have high expectations that we have
in fact identified additional significant gold targets.”
Further gold and multi-element assay results from the soil sampling are pending.
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Map #1 – The above map shows the recent sampling program locations, new gold anomalies,
and pancon index results
PREVIOUS EXPLORATION
The Andong Meas License hosts the Company’s Canada Wall copper molybdenum gold porphyry
system and the adjacent South Creek copper porphyry system prospect as well as several gold
targets, including the Wild Boar which has seen extensive artisanal mining i n the past and showed
multiple surface samples with gold grade up to 70.7 gpt, and Wild Monkey that showed multiple
surface samples with gold grade up to 3.93 gpt. Exploration programs were designed to re-sample
the higher grade showings around Wild Boar and map and sample the quartz vein material found in
Wild Monkey. Rock chip and grab samples are selected samples and are not necessarily
representative of the mineralization hosted on the property.
In addition to the gold bearing quartz veins, skarn alteration on the contact between granites and
marbles in the area was observed. No mineralization was observed within the skarn alteration, but
the presence of carbonate rocks and mineralized intrusive rocks suggests that there is the possibility
of skarn mineralization in the area.
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SAMPLE METHODOLOGY
Angkor maintains a rigorous sample quality control and assurance protocol, with the customary
insertion of blanks and standards, cross -checking and duplicate analysis, retention of all saw -split
cores and sample pulps at their gated and fenced secure facility in Banlung. Analysis for publication
are all done by accredited third party laboratories, usually ALS-Chemex in Vientiane or Perth, by SFA
and AAS finish for gold, or ICP-MS for base metals. In-house geochemical analysis of soil and termite
mound samples are done at the C ompany’s Banlung laboratory by XRF for base metals and by
panning for qualitative gold detection.
Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of 10 per
100. In addition, periodic checks are run on a selected spectrum of samples at ALS -Chemex
laboratories. All soil and rock samples are submitted to ALS Mineral-Australian Laboratory Services
(Cambodia) Co. Ltd for preparation in Phnom Penh, and gold analyses are done by ALS by standard
fire assay in their Vientiane laboratories. All other analyses are by Aqua Regia digestion with ICP -
AES/ICP-MS (51 element ME-MS41 package) in their Australian laboratories. Initial assays use their
Au-ICP22 method of standard fire assay with an ICP-Atomic emission spectrometry finish on a 50gm
aliquot, which has a detection range of 0.001 to 10 g/t. Check assays use the Au -AA26 method of
standard fire assay with an ICP-Atomic absorption spectrometry finish again on a 50gm aliquot, which
has a detection limit of 0.01 to 100 g/t.
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. In 2019 it added Block VIII, a 7,300 square
kilometre oil and gas exploration license in Cambodia, to its exploration portfolio.
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 result s, 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.