A Change of Guard

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Thursday 31 May 2012

Angkor Gold identifies northeast prospects

Thursday, 31 May 2012 
By Don Weinland 
Phnom Penh Post

Angkor Gold Corp, a Toronto Stock Exchange-listed company, has announced the identification of five new prospects in Ratanakiri province, according to a company statement.

The announcement comes less than a month after the mining firm said it planned to consolidate its gold prospects in the northeastern corner of the country.

The prospects, located in Dokyong prospect, O’yadao south tenement, were reinforced with gold anomolies, and one of the prospects was described in the statement as being “a very strong gold anomoly”.

“We are thrilled with the positive developments at the Dokyong prospect. We now have eight strong projects in Cambodia with three drill rigs currently operating,” Angkor chief executive and director Mike Weeks said in the statement.

He could not be reached by phone yesterday.

In early May, Angkor said it planned to buy out Liberty Mining International’s 10 per cent stake in two properties in Ratanakiri province for US$202,000 and an issue of 4.25 million common shares in Angkor’s capital, the Post reported at the time.

The company holds four licenses for exploration.

During previous interviews with the Post, industry experts have not specified when extraction would take place in Cambodia.

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