Angkor Gold Announce Gravity Survey Results Highlight Potential for a Large, Intrusive-Related Gold System

VANCOUVER, BC–(Marketwired – November 23, 2016) – Angkor Gold (TSXV:ANK) is pleased to announce results from a recent gravity survey conducted along 30 line kms over the Banlung Mafic Intrusive Complex, including the Okalla West surface gold zone in joint venture with Blue River Resources Ltd. (TSX VENTURE: BRX). The Okalla West surface gold zone is within the Company’s 150 km²Banlung Exploration Tenement, Cambodia.

The gravity survey indicates a gravity anomaly, which may be interpreted as a felsic intrusive body, located directly beneath the previously delineated 4 km² Okalla West surface gold anomaly. The encouraging gravity results, combined with surface gold anomalism, indicate the potential for a large, sub-surface, Intrusive Related Gold system (IRG) in the Okalla West prospect zone.

Drilling and Trenching Plans for Okalla West

The next phase of exploration planned on the Okalla West Gold zone will consist of trenching and drilling to further investigate how robust the prospect is in light of the new ground gravity results, and the potential it has to host near-surface and at depth gold mineralization. The trenching and drilling will further investigate the extensive surface gold anomaly identified by termite mound sampling and confirmed by shallow auger testing.

The next program will test the depth potential for the presence of a sub-surface IRG system, at the same time further constraining the boundaries of the surface gold anomalism.

The planned trenching will consist of 5 lines spanning the current known anomaly (see accompanying gold index anomaly contour map). The Company also plans a 2,000 to 4,000m Reverse Air Blast (RAB) drilling program designed to test the surface gold anomalies within the regolith profile to blade refusal depth, which will also establish the depth to bedrock for future exploration diamond drilling. The previous auger program explored only a fraction (0.67 km²) of the 4 km² surface gold anomaly area and did not penetrate the regolith profile to bedrock.

Previously BETEC geophysical company surveyed 4 lines, totalling 30 line kilometres over the Banlung Mafic Intrusive Complex, in which the Okalla West Prospect is located, as shown in the maps accompanying this press release and available on the Company’s website.

A gravity low, complex structure and large visible gold surface anomaly in the same overlapping area, within the Mafic Intrusive Complex, are all good indicators for the Okalla West prospect to host a felsic, Intrusive Related Gold system (IRG), at depth.

Read the full press release.

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