Angkor Gold Corp announced an additional diamond drill and regional exploration program at Halo on Angkor's Oyadao South license, in conjunction with its exploration partner, Japan Oil, Gas and Metals National Corporation (JOGMEC).
The Phase 2 exploration program will commence immediately, with a USD $1 million planned in expenditures up to the end of March 2018.
This exploration will include 1,200 metres of drilling, an extension of IP geophysics survey to new areas, and additional regional exploration in Oyadao South targeting regional stream sediment and termite anomalies from previous surveys in the region.
Results from Phase 1 drilling reported copper intercepts, indicating the existence of previously unknown copper-molybdenum porphyry systems at Halo.
“We were very pleased with the results from the initial Halo program,” said JP Dau, VP of Operations. “Our focus in the upcoming drilling program will follow up on the favourable copper and silver results returned from the previously untested intrusive complex in the Halo prospect. Encouragingly, the 7.25 km2 area of Halo lies within the same belt of rocks as the Phu Kam copper/gold deposit in Laos.”
“Having close to 100 metres of mineralisation at surface in the first hole is most encouraging,” said Dennis Ouellette, Angkor's VP Exploration. “This additional drill program will further test the extent of the mineralization as well as explore other targets defined by the IP program.”
“I am very pleased with the continued confidence that JOGMEC is showing in the exploration at Halo," said Mike Weeks, Angkor's CEO. “They have expanded and moved up the timetable for the Phase 2 exploration plan based on the strength of the initial results.”