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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