Angkor Gold Corp has launched its 2015/16 exploration program at the Okalla West gold and Halo copper-molybdenum prospects in Cambodia.
The exploration season will utilize the expertise of Beijing Explo-Tech Engineering Co (BETEC) of China to continue exploration on both prospects in addition to advancing their regional knowledge of their 1500sqkm land package. The program will expand Angkor’s geophysical understanding of both areas.
The field program will initially consist of a 20sqkm induced polarization geophysical survey aimed at defining the size and scale of the main target responses on both prospects. In addition, both regional and detailed mapping along with infill soil geochemistry sampling will be ongoing throughout the season to further evaluate the primary exploration targets.
The main follow-up work will focus on the 7.25sqkm copper anomaly with a 0.9sqkm central moly anomaly in Halo and the 2sqkm NW-SE trending gold anomaly with 83% of pan concentrates containing visible gold in Okalla West.
Angkor will also be conducting semi-regional field termite geochemical surveys as follow-up on stream sediment survey gold anomalies in its Andong Meas Tenement, to the west and north-west of the CW prospect.
Angkor’s vice-president of operations JP Dau said, “We are excited to be getting back into the field. We have taken the time over the monsoon season to evaluate our 2014/15 field data, which has further reinforced the significance of our flagship prospects, Halo, Okalla West and CW.
“With the advancements made on these prospects this season, our goal is to bring our understanding of these assets to a drill-ready position and explore serious joint-venture interest to take these prospects to the next stage.”
Angkor’s president Mike Weeks said, “I am committed to opening every door I can to identify the most advantageous joint-ventures on our flagship prospects – Halo and CW. Having the BETEC team on site to continue providing us with their world-class geophysical support further emphasises my high expectations for this year’s work program.”
Angkor’s seven exploration licences in the Kingdom of Cambodia cover 1448sqkm, which the company has been actively exploring over the past six years.