Angkor has commenced drilling at its Banlung Property in Ratanakiri Province, Cambodia, as part of a commitment by Hommy Resources to fund approximately US$3.65 million of exploration work.
|Air Core and Reverse Circulation (AC & RC) percussion drilling program started this week at Banlung|
Angkor’s Banlung property includes the Okalla East high sulphidation gold/porphyry copper target and the Okalla West low sulphidation epithermal gold target.
JP Dau, Angkor’s President said that the company was pleased to be drilling the gold targets developed in the previous auger programs conducted by Angkor on the Banlung property.
“Hommy Resources has been an excellent fit to our team and we are very much looking forward to the drill results.”
The drill program will consist of approximately 3250 metres of RC and AC drilling on a linear gold anomaly within a previously identified alkalic intrusive complex at Okalla West. The anomaly to be tested is approximately two kilometres in length from north to south and some 1.5 kilometres wide from east to west.
Mapping and a continuation of the auger sampling program are currently underway testing the south of the anomaly.
An aerial survey is planned using state-of-the-art eBee drone equipment over both the Okalla East high sulphidation gold/porphyry copper target and the Okalla West low sulphidation epithermal gold target. The survey will provide important relative topographical control.
Approximately US$1.2 million has been done to date in exploration work at Banlung since the beginning of 2017, including shallow drilling to investigate and better understand the underlying structure. In addition to drilling, the entire license area has previously been the subject of an aeromagnetic survey, satellite imagery geological interpretation, with reconnaissance field truth mapping and multi-element stream sediment geochemical survey, as well as extensive grab sample, termite mound and auger sampling.
The Company previously reported a “bonanza zone” in 2011 which included an intercept of high-grade gold at Okalla East of 86.0 gpt Au over 1m, at 101m to 102m in drill hole BL11-026.