Angkor Gold Corp is increasing momentum in its exploration programs in Ratanakiri province following the signing of a definitive agreement with Tohui Beishan Property Group Holding Limited (TG) of Hong Kong. In anticipation of the closing of the agreement Angkor has contracted Beijing Explo-Tech Engineering Co (BETEC), and the China Chemical Geology and Mine Bureau Shandong Geological Prospecting Institute (SGI) have commenced work with Angkor’s geological team.
Work on the Andong Meas Exploration Licence area shows two zones of particular interest - the Wild Boar and China Wall prospects - on both of which there has been extensive artisanal mining.
Soon after Angkor acquired the property in April 2012 a program of three scout diamond drill holes totalling 521 metres on the China Wall prospect returned demonstrably high silver values over good thicknesses (6.13 grams/tonne silver over 18.7 metres; 15.98 grams/tonne over 20.4 metres; 14.52 grams/tonne over 7.5 metres), some exceptional molybdenum (0.025% over 8.0 metres; 0.023% over 8.1 metres; and 0.014% over 45 metres), and excellent tungsten values (0.017% over 11.3 metres; 0.027% over 9.5 metres; and 0.025% over 9.6 metres).
Exploration has continued since then, including reconnaissance termite mound geochemistry coupled with geological mapping, a clay alteration survey and ground magnetic and electromagnetic geophysical surveys. This work shows a strong multi-element termite mound geochemical anomaly over, and to the east and southeast of China Wall prospect and another over the Wild Boar prospect, which covers stacked polymetallic epithermal to mesothermal quartz-carbonate veins.
Panning from stream outwash gravels immediately to the southeast of China Wall showed good concentrations of gold, some of it crystalline, which is indicative of close proximity to source.
The next obvious step is a strong push of detailed geological mapping, termite mound geochemistry and Induced Polarization geophysics over both areas. BETEC and SGI will work in close association with Angkor’s geological team to run this survey over an area of 25sqkm with a view to defining drill targets for later in the season. A team of 11 geoscientists from these two contractors is deployed with Angkor’s own team of 54 staff, including four of Angkor’s international geologists on Andong Meas tenement.
On the Wild Boar prospect the IP and geochemical work is targeting several polymetallic quartz-carbonate veins on which there are extensive artisanal workings, and from which grab samples assayed by ALS-Chemex by SFA showed gold grades from 3.22 to 13.58 grams/tonne. Some samples had elevated silver and lead values as well.
On the Okalla prospect in Banlung Exploration Licence area, where Angkor has drilled 7823 metres in 43 diamond drill holes on a gold-copper-molybdenum bearing diorite porphyry, BETEC and SGI will deploy a further team of six earth scientists to extend eastwards and to the north the IP and geology work done originally on this prospect. The team, with additional Angkor staff, will cover a block of roughly 15sqkm. Again, the aim is to define targets which Angkor intends to drill this year.
“This gives a huge boost to our continuing exploration efforts,” says Angkor’s exploration vice president Dr Adrian G Mann. “With success here, I foresee us continuing our close collaboration with BETEC and SGI to repeat this blitzkrieg style of aggressive multi-disciplinary exploration onto several of our other prospects which have equal or greater potential.”