Angkor Gold has announced positive results from its mapping and sampling on the Banlung Property in Ratanakiri Province, Cambodia.
The current drilling campaign underway at Banlung is part of a commitment by Hommy 5 Resources to fund up US$3.65 milliom of exploration work on the property, which includes two primary prospects: Okalla West and Okalla East.
The styles of mineralisation and alteration observed during Angkor’s previous exploration at Okalla West are typical of mineralisation associated with alkaline systems. Previous testing at Okalla East indicates an epithermal style gold mineralisation system which contains elevated gold levels in addition to other base metals.
Approximately US$1.2 million in exploration work has been done at Banlung since the beginning of 2017, including shallow drilling to investigate and better understand the underlying geology and 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.
Highlights of grab sample results include 13.95 gpt gold and 62.90 gpt silver; 11.90 gpt gold and 6.90 gpt silver; and 10.85 gpt gold and 6.90 gpt silver.
“Okalla East is an exciting, gold target with significant potential,” said Dennis Ouellette, Angkor’s VP of Exploration. “The gold and silver assay results from rocks taken during the mapping program again supports our understanding of the geology and presence of high sulphidation epithermal mineralisation. In addition, drilling on the Okalla West target is ongoing where the focus has been placed on several targets including a low sulphidation epithermal gold anomaly.”