Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Mining survey turns up surface gold deposits

Mining survey turns up surface gold deposits

Mining survey turns up surface gold deposits

Canadian mining firm Angkor Gold Corp said a new augur assay identified gold mineralisation in a 2-metre-thick layer of laterite soil during a surface-level survey of its Okalla West prospect on its Banlung tenement in northeastern Cambodia.

The gold “appears to be a secondary deposit formed by groundwater leaching from quartz vein systems in the underlying bedrock then re-precipitating into the laterite”, the TSX-listed company said in a press release yesterday. Further examination of the props ect will be carried out during a trenching program in the coming months, it added.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all