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Angkor Gold Corp.
Summary
| Project: | Banlung North | |
|---|---|---|
| Deposit: | Okalla West, Okalla East | |
| Location: | Cambodia | |
| Commodities: | Gold-Silver-Bismuth-Tellurium-Copper | |
| Date: | 10/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-10-2017: Angkor Gold Corp. announces an Exploration/Drilling Update report for its Okalla West, Okalla East deposit at the Banlung North project. Drilling results incl. 0.75m @ 6.17g/t Au, 8.2g/t Ag, 61.90g/t Bi, 1.61g/t Te, 0.13% Cu from 39.6m. Sexsmi | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dennis Ouellette (Internal) | |
| ABSTRACT: | Sexsmith, AB, (October 24, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) CEO Mike Weeks is pleased to provide results of its diamond drilling program on its Okalla project. The program is being conducted in cooperation with Blue River Resources Ltd. (TSXV: BXR). Drilling commenced on July 2, 2017, on Angkor’s Banlung Tenement on which the two prospects, Okalla West and Okalla East, are located. The two prospects are approximately 7 kilometres apart. Both are hosted by intrusive rock complexes connected along a regional structural corridor. Phase 1 drilling was conducted to determine the structure and type of mineralization of the targets over a gold anomaly devoid of outcrop. Angkor Gold's modest Phase 1 drill program has proved the existence of gold veins in faults in the Okalla West intrusive complex. The Okalla West gold veins display multiple occurrences of vein development and gold mineralization that is fault controlled. “Alkalic intrusive hosted gold deposits are rare when compared to other styles of intrusion hosted gold deposits but they can also be high grade and large,” said Dennis Ouellette, Angkor’s Exploration Manager. “Petrographic and whole rock geochemistry work is required to determine the character of the late intrusive rocks as well as the chemistry of the gold transporting fluids.” “Okalla West drilling has revealed a strong tellurium- and bismuth-gold association,” said Ouellette, “which is ideal for the transportation and deposition of gold suggesting the transporting fluids are alkaline in nature.” | |
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