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Angkor Gold Identifies Large Epithermal System in Otray
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2013) - ANGKOR GOLD CORP. (TSXV: ANK) ...
About this update from Angkor Resources Corp.
[{"type":"text","content":"Angkor Gold Identifies Large Epithermal System in OtrayVancouver, British Columbia--(Newsfile Corp. - May 29, 2013) - ANGKOR GOLD CORP. (TSXV: ANK) (\"ANGKOR\") has completed the first phase of exploration on the Otray prospect, Oyadao South Tenement, Ratanakiri province, Cambodia. The Otray prospect lies in the 10km connector shear between our Dokyong project in the south and in the north, the Phum Syarung prospect that was recently sold to Mesco Gold, and in which Angkor retains a 10% NSR interest.CEO and Chairman Mike Weeks stated, \"We have visible gold in the soil samples; this has been an exceptional year for our geology team, who have exceeded expectations on the Oyadao South Tenement. Their simple, aggressive, and cost effective approach achieves our objective of quickly identifying high value targets on our large tenement package. It vindicates our faith in the potential of Cambodia by giving us another large prospect that has significant gold and copper potential\".The results of the first phase of exploration are very encouraging as they are strongly suggestive of a high sulphidation zone in a gold-copper epithermal environment. The program involved the collection of 11,400 termite mound samples (TMS) collected over an area of 15km2. Samples were taken from all termite mounds within a 20m corridor along linear north-south and east-west traverses at 200m intervals (in some areas at 100m intervals) coupled with ground magnetics, EM, scintillometer surveys, reflected light spectroscopy (Terraspec) on fresh rock specimens, and detailed geological field mapping. A geobotanical study of the area is still in its infancy, but there are indications of at least one species (a cycad) which seems antipathetic to mineralization. Detailed geological mapping is ongoing, and a geophysical survey is in the advanced planning stage. To view an enhanced version of this image, please visit: http://orders.newsfilecorp.com/files/1494/5466_largex1x1.jpgFig 1 Simplified geologic map of Otray prospect showing Cu and Au distribution in termite mound samplesYellow bubbles represent empirical pan-con index of gold colours panned from 2kg TMS designated 'dust'; 'fine'; 'medium' and 'coarse' by experienced panners. The index is the sum of the products of 1 x dust, 2 x fine, 3 x medium and 4 x coarse counts.Clearly there is a strong structural ...