Angkor has reported the discovery of a new gold-in-soils anomaly at Angkor’s Koan Nheak License in Cambodia.
|Koan Nheak Project regional gold sampling results compilation map|
The new Peacock North discovery is a gold-in-soils anomaly which extends over 700 metres from north to south and up to 300 metres east to west at >10 ppb Au. It is located less than a kilometre north of the Peacock South Prospect previously defined by Angkor Gold, which extends over 1,400 metres from north to south and up to 400 metres east to west at >10 ppb Au.
Exploration was carried out by Emerald Resources through its Cambodian subsidiary, Renaissance Minerals under a Definitive Earn-In Agreement with Angkor announced July 12, 2017.
Planning is underway for Emerald’s reconnaissance drill testing program on both of the Koan Nheak targets.
Angkor President J.P. Dau said that the company was pleased to see Emerald developing more drill targets following new and last year’s encouraging results on the Koan Nheak License.
“These large gold-in-soil targets represent more discovery opportunities for Angkor and our shareholders, and we are very much looking forward to the drill results.,” said Mr Dau.
The current soils program was conducted by Emerald under its Definitive Earn-In Agreement with Angkor. The program consisted of infill auger samples taken across the core of the surface geochemical anomaly previously identified by Angkor. During the recent program, additional auger soil samples infilled the Peacock prospect to a 50 x 50m grid on the southern anomaly and 100m x 100m grid on the northern anomaly. To date 596 auger samples have been taken from the Peacock prospect.
The compiled results support the presence of a fault related, gold anomalous epithermal vein system on the south to south-southeast of the mapped intrusion at the Peacock Prospect. The geological setting and multi-element data suggest that the hydrothermal system is zoned about the main diorite intrusion from a Cu-Mo-Te “porphyry-like” association in NE striking regional structure along the NW part of the diorite, trending through Cu-Ag+/- Au anomalism over the core of the intrusion, and an Au-As-Sb-Pb-Te association in the south and south-southeast where a NE striking fold belt in sandstone dominated stratigraphy interacts with the southern margin of the diorite.