VANCOUVER, British Columbia, March 26, 2012 (GLOBE NEWSWIRE) -- ANGKOR GOLD CORP. CA:ANK 0.00% ("ANGKOR") is pleased to announce that a third contract for a minimum of 2000m NQ cored diamond drill holes on several prospects on tenements in Ratanakiri Province, Cambodia, has been awarded. The rig is on site on the Katieng prospect, Banlung North tenement.
Deployment of this rig means that the company now has 3 diamond drilling rigs working in Cambodia. A local Cambodian company has been drilling since November, 2011 and Angkor added a second rig from a Canadian company in February, 2012 focusing on the Okalla prospect. The map below shows the location of the 3 drilling projects.
http://orders.newsfilecorp.com/files/1494/1924_mapx1x1.jpg
Mike Weeks, Angkor's CEO states, "We are very pleased to accelerate the drilling program. In markets like these, when our recent financing filled so quickly and the interest is so strong, we think it is only prudent to move these projects forward quickly and continue to explore systematically. We have highly prospective targets for this third rig and can now drill those aggressively."
Read the rest of the article at Market Watch.
Deployment of this rig means that the company now has 3 diamond drilling rigs working in Cambodia. A local Cambodian company has been drilling since November, 2011 and Angkor added a second rig from a Canadian company in February, 2012 focusing on the Okalla prospect. The map below shows the location of the 3 drilling projects.
http://orders.newsfilecorp.com/files/1494/1924_mapx1x1.jpg
Mike Weeks, Angkor's CEO states, "We are very pleased to accelerate the drilling program. In markets like these, when our recent financing filled so quickly and the interest is so strong, we think it is only prudent to move these projects forward quickly and continue to explore systematically. We have highly prospective targets for this third rig and can now drill those aggressively."
Read the rest of the article at Market Watch.
No comments:
Post a Comment