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
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 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 Production 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: da@angkorgold.ca

Website: https://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) 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.

Category: Press Release