Logo of Phnom Penh Post newspaper Phnom Penh Post - Australian mining company discovers gold, silver deposits in northern Cambodia

Australian mining company discovers gold, silver deposits in northern Cambodia

A bag of gold nuggets at a mining site in the Kingdom's north in 2015.
A bag of gold nuggets at a mining site in the Kingdom's north in 2015. Heng Chivoan

Australian mining company discovers gold, silver deposits in northern Cambodia

Australia-based mining company Geopacific Resources has confirmed the discovery of gold and silver deposits at its drilling site in northern Cambodia, according to a company release on the Australian stock exchange.

Geopacific announced on Wednesday that a new zone of gold and silver deposits was discovered at its Prospect 118 site at the company's Kou Sa project in Preah Vihear province – the second such find this year after another discovery was announced in January.

The gold and silver discovered thus far have been found in epithermal deposits, which are typically small in size but high in concentration of minerals. These types of deposits are likely caused by the circulation of sub-surface water, which breaks down organic compounds in the soil and mineralises them--converting organic matter into inorganic substances like gold and silver. Because they are found near the earth's surface, epithermal deposits are considered easily mineable.

As Geopacific moves closer to the source of this circulation, it will likely find more gold, according to Geopacific managing director Ron Heeks.

With much of the land incorporated in Geopacific’s Kou Sa licence yet unexplored by drilling, the most recent gold and silver discoveries indicate that there remain significant deposits to be uncovered at the site, Heeks said in the release.

“The prospectivity of the Kou Sa project has been greatly enhanced by this new, large epithermal gold discovery,” he said, adding that both recent finds indicated that a larger “significantly sized source” driving the mineralisation had yet to be found.

“This [discovery] is consistent with results across the project, all of which indicates a significant ‘engine’ driving the deposition of mineralisation,” he said. “The results from this drilling indicate that we have probably encountered an outflow zone of an epithermal system and that the main zone may be located nearby.”

After exploring the Kou Sa licensed area throughout 2017, the company determined that prospect sites 118 and 181, where the first discovery was made, were likely to be home to significant mineral deposits.

The company intends to continue exploring this site, and is currently sampling the soil to identify the extent of the recently discovered gold and silver zones.

Geopacific expects to use geophysical imaging to identify further ore deposits at the site.

MOST VIEWED

  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • China denies Mekong hacking

    As the US and its allies joined hands last week to expose what they allege to be China’s Ministry of State Security’s malicious cyber activities around the world, the attention also turned to Cambodia with the US Department of Justice claiming that four

  • Governor: Covid subsides in capital

    Phnom Penh municipal governor Khuong Sreng said the Covid-19 situation in the capital’s 14 districts has eased, with only two districts still recording a high number of infections. “Transmission cases in all districts are dropping, though they are relatively higher Meanchey and Por Sen Chey.

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided