SOURCE: Angkor Gold Corporation

Angkor Gold Corporation

June 28, 2016 09:15 ET

Shallow Drilling Program Commenced on the Okalla West Prospect

GRANDE PRAIRIE, AB--(Marketwired - June 28, 2016) - ANGKOR GOLD CORP. (TSX VENTURE: ANK) ("ANGKOR") is pleased to announce that a shallow drilling program has commenced on the Okalla West Prospect on the Banlung License. The exploration target is a shallow gold anomaly measuring approximately 4 square kilometers. Initial drilling is focused on 40 Hectare area where previous sampling revealed a high concentration of gold occurrences.

250 shallow drill holes have been completed to date, of a total of 1200 holes to be drilled. The drill samples will be submitted to ALS and results will be reported when received.

Samples will be logged by the Angkor Gold team and splits will be fire assayed for gold by ALS, which includes a minimum 10% blank, standard and duplicate QA/QC sample checks.

The exploration plan is designed to delineate a near surface, gold resource located in saprolite / laterite, within 7 meters from surface. Initial tests conducted by Angkor Gold indicate that the gold mineralization can be recovered using low-cost gravity separation.

The QP for this release, which he co-wrote and approved, is Kurtis Dunstone, BSc Geology, Senior Project Manager for ANGKOR. Mr. Dunstone has fifteen years post graduate mining and global exploration industry experience, across Australia, Canada, Papua New Guinea and Cambodia, and is a current member of the Australian Institute of Geoscientists.

ANGKOR's seven exploration licences in the Kingdom of Cambodia cover 1,448 km2, which the company has been actively exploring over the past 6 years. The company has now covered

all tenements with stream sediment geochemical sampling; the company has flown low level aeromagnetic surveys over most of the ground; drilled 21,855 metres of NQ core in 190 holes; and has collected in excess of 110,000 termite mound, and 'B' and 'C' zone soil samples in over 20 centres of interest over a combined area of over 140km2, in addition to numerous trenches and detailed geological field mapping. Exploration on all tenements is ongoing.

ANGKOR GOLD CORP.
Angkor Gold Corp. is a public company listed on the TSX-Venture Exchange, and is Cambodia's premier gold explorer with a significantly large land package and a first-mover advantage with excellent relationships at all levels of Government (local to national). For more Corporate information visit our website at: http://www.angkorgold.ca/

BLUE RIVER RESOURCES LTD
Blue River Resources Ltd. has a 100% interest in two mineral properties in the Quesnel Trough Copper Belt, The Castle Copper Project near the Copper Mountain Mine, Princeton, BC and the Mazama Copper Deposit, Okanogan County, Wa.

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    ANGKOR GOLD CORP.
    Stephen Burega
    Vice President of Corporate Development
    Telephone: (647) 515-3734
    Email: sb@angkorgold.ca