Logo of Phnom Penh Post newspaper Phnom Penh Post - Extraction ahead of schedule

Extraction ahead of schedule

Extraction ahead of schedule

Mesco Gold has established drilling and exploration resources at the Phum Syrang prospect in Ratanakkiri province, targeting extraction by late 2014, three to six months ahead of schedule, according to a statement released by Angkor Gold, which holds the land concession.

The statement said Mesco had completed a resource estimate at the prospect and confirmed its economic viability.

Asked about the intention to extract from the site, Angkor Gold Cambodia country manager John-Paul Dau said: “Now they are in the exploration stage; they still have some more drilling to complete before they get to that point.

“Down the road, that is certainly our goal.”

Cambodian Association of Mining and Exploration Companies president Richard Stanger said Phum Syrang was one of Angkor Gold’s more advanced projects.

“As soon as the document was ready to go, they (Mesco Gold) were into the field,” Stanger said.

MOST VIEWED

  • Diplomatic passports issued to foreigners to be annulled

    The Ministry of Foreign Affairs and International Cooperation will move to annul diplomatic passports issued to those not born in Cambodia. Analysts say the move may be in relation to reports that former Thai prime minister Yingluck Shinawatra used a Cambodian passport to register as

  • Hun Sen warns Irish MP of EBA ‘mistake’

    Prime Minister Hun Sen on Saturday told former Irish premier Enda Kenny, still a member of the EU nation’s parliament, that the 28-nation bloc should not make a “third mistake” regarding Cambodia by using the preferential Everything But Arms (EBA) agreement to “take 16 million

  • The hairy little heroes saving many lives in rural Cambodia

    IN RURAL Siem Reap province, rats dare to tread where no person will, as these hairy little heroes place their lives on the line each day for the good of the local community. The rodents are the most important members of a special team, leading

  • PM warns EU and opposition on 34th anniversary of his rule

    HUN Sen reached the milestone of 34 years as Cambodian prime minister on Monday and used the groundbreaking ceremony for a new ring road around Phnom Penh to tell the international community that putting sanctions on the Kingdom meant killing the opposition. “Please don’t forget