Angkor Releases Drill Results - Katieng Area Expands Gold Strike
GRANDE PRAIRIE, ALBERTA / TheNewswire / August 11, 2015: Angkor Gold Corp. (TSXV: ANK) ("ANGKOR") announced that diamond core drilling in the 2015 season intersected mineralised epithermal gold veins throughout 1.5 square kilometres in the Katieng intrusive area, and in three prospects.
All drilling programs in the area focused around the Katieng intrusive, which consists of a fine-grained diorite with multiple associated east west distally-extending diorite dykes and an intrusive footprint of about 1.5 square kilometres. Low sulphidation, gold-hosted, epithermal veins have been intercepted in every single drilling program conducted in the Katieng area, including results from the previous concession-holder, Liberty Mining International (LMI), in 2008.
Pheap Vein Prospect
The table below at left provides three results from the Pheap epithermal gold vein prospect, and add to recently announced mineralization (Press Release 2015-04-16, tabled in the right table below). Further drilling in July on the eastern extension of the Pheap vein prospect, consisting of four holes totalling 114m along strike to the east, returned the latter four results (table below at left).
These results, accompanied with the additional results from June-July drilling and the previous April results, indicate an expanded strike zone of 176 metres on the vein and mineralisation remaining open along strike and depth.
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The combined results indicate a continuation of the mineralised epithermal vein system to the east, allowing scope for further drill testing following the monsoon season. Creek mapping in the steep creek gully, adjacent to the north and east of the drilling, has shown a broadening of the redbed sandstone unit below and to the north of the collars.
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Map 1. 2015, March to July Pheap Vein collar locations.
Hilltop Prospect
1km to the south of Pheap prospect is an 8m deep winze and open stope on the narrow quartz-carbonate Hilltop prospect vein, from which grab samples have returned values of 31.9g/t Au, 23.8g/t Ag and 31.1g/t Au and 56.1g/t Ag, both with significant (>0.2%) lead, and strong arsenic (>0.04%). No prior drilling had been conducted in this greenfields area. A short drilling program of 79m, in 2 holes, was initiated to test the values in the Hilltop prospect, which returned the following results:
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The drilling intercepted laminated quartz, carbonate, pyrite epithermal veins with visible subordinate galena and moderate sericite salvage, as well as second order quartz-carbonate-epidote-galena veins, in a host of fine grained strongly biotitic diorite. These drill results demonstrate a potential for further epithermal vein discoveries in this area. Detailed field mapping has been earmarked for this area following the monsoon season, with the potential for further drilling in mind.
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