Angkor Announces Commencement of Preparation of Technical Report Under National Instrument 43-101

GRANDE PRAIRIE, AB–(Marketwired – October 07, 2016) – Angkor Gold (TSXV:ANK) announces that the Corporation has commissioned a technical report (“43-101 Report“) to be prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“) on the Phum Syarung property. As previously disclosed by the Corporation, the property originally held by Angkor, was sold in 2013. The Corporation retains a 2.0-7.5% sliding scale Net Smelter Return on the project which is based on the price of gold.
Angkor has engaged an independent Qualified Person (QP) from Al Maynard & Associates from Australia to complete a NI 43-101 report with the limited Canadian compliant data available. Angkor expects to be able to file the report shortly. Angkor does not expect the report to disclose a meaningful Canadian compliant NI 43-101 resource estimate.
The information previously disclosed by the Corporation relating to resources, mining studies or reserves was not supported by a report prepared in accordance with Canadian NI 43-101. In compliance with NI 43-101, all non-compliant disclosure and forward-looking statements regarding resource estimates or other information have been removed from Angkor’s website. Investors are cautioned not to place undue reliance on information that has not been prepared in accordance with Canadian reporting standards.
Connect with Angkor Gold (TSXV:ANK) to receive an Investor Presentation.