Angkor Gold Corp has completed intensive exploration and analysis with surface values up to 31.8 grams/tonne (g/t) gold in the Peacock prospect at its Koan Nheak licence in Mondulkiri Province, Cambodia.
The work program was conducted over six months targeting the priority prospects at Koan Nheak covering 34.5sqkm of mapping, 15.5sqkm surface geochemistry and 20sqkm of IP surveys in the Peacock prospect area.
The interpreted result is a north-south structurally complex, anomalous gold corridor, epithermal vein system, related to the Peacock intrusive diorite and Locket fault.
To the immediate south of the Peacock intrusive, within the structural corridor is a newly identified 1250 x 750 metre breccia zone, extending south along the Locket fault zone into the sandstones, siltstones and limestones with evidence of strong limonite oxidation, quartz veinlets at surface and assay values up to 1.85 g/t gold.
The Locket fault striking north/south, is interpreted to be a reverse fault related to an earlier compressional event and dips steeply to the east.
Angkor’s VP of operations John-Paul Dau said, “The mineralised breccia signifies the potential for a previously unrecognised significant precious metals target on the Peacock prospect. This represents potential value to the Koan Nheak property, adding yet another property that can add value to our shareholders.”
The surface IP identified an overlapping weak to moderate resistivity and moderate to strong chargeability north/south geophysical anomalism, within the anomalous gold zone. The same surface IP survey also identified strong to moderate chargeability anomalies related to the mineralized breccia in the southwest of the anomalous gold zone.
In addition to the mapping, and IP surveys, 6860 geochemical termite mound samples were collected for X-Ray Fluorescence (XRF) and Pan Concentrate gold analysis, along with 54 rock samples collected for assay; averaging 1.12 g/t gold with value ranges of less than 1 to 31.8 g/t.
“With all the evidence at hand, the next step is to conduct 2-3km of inexpensive shallow east to west trenching. This will allow us to map the sub-surface structures and capitalize on our knowledge of the silver-lead halo in the geochemistry assays to highlight the gold mineralized zones,” said senior project manager Kurtis Dunstone.
“This should be a straight forward exercise as the depth of cover in the anomalous gold epithermal and breccia zones is typically less than half a metre. If the trenching results are as encouraging as the surface rocks assayed to date, this will highlight target areas for follow-up drilling.”
Angkor Gold’s six exploration licences in the Kingdom of Cambodia cover 1352sqkm, which the company has been actively exploring over the past 6 years.