Angkor Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Box 153
Sexsmith, Alberta
Canada T0H 3C0
Tel No.: (780) 568-3801
Web Site:
Contact Person: Stephen Burega
Position: CEO

Company Data

Traded Market: TSX-V
Traded Symbol: ANK
Outstanding Shares: 106 million
52 Week High: $ 0.34
52 Week Low: $ 0.14
Present Price: Click Here








Angkor Gold Corp. is the first North American publicly-traded mineral exploration company in Cambodia. Angkor's business strategy focuses on exploration, project generation and selecting strong partners to advance each of its multiple prospects towards a sustainable, recurring revenue stream.

Angkor's five exploration licenses in the Kingdom of Cambodia cover 983 sq. km, which the Company has been actively exploring over the past 9 years with the support of the Cambodian government, local communities and with the assistance of one of the most complete geological databases in Cambodia.

A Proven Record of Success

10 Deals To Date Generating Approximately USD $20 Million Including:

  • $3.0 MM USD Earn-In Agreement with JOGMEC (Japan Oil, Gas and Metals National Corporation)
  • $2.2 MM USD Earn-In with Emerald Resources
  • $1.9 MM USD Sale plus a 2.0%-7.5% Net Smelter Return with Mesco Gold (India) on Phum Syarung
  • $2.4 MM USD Border Property sale


Part of Angkor's success has been the recognition of its long-term commitment to the local communities and the people, whether it is free dental clinics, medical equipment, support for schools, clean water and sanitation, and sustainable local businesses, making it welcome at all levels of government.

Banlung Project
Okalla East & West Prospect – Gold

Angkor's 150 sq. km Banlung license hosts two distinct projects – Okalla West and Okalla East. The two projects are approximately 7 kilometres apart.

2017 Exploration:

  • Exploratory structural drilling results reported October 2017
  • 562m of drilling completed, with 439m at Okalla West and 123.0m at Okalla East
  • Okalla West gold veins display multiple occurrences of vein development and gold mineralization that is fault controlled
  • Okalla East is believed to be a porphyry copper gold molybdenum style occurrence
  • “Bonanza Zone” intercept at Okalla East in drill hole BL11-026 returned 1.0 m @ 86.0 gpt Au
  • Best copper porphyry mineralization intercept is drill hole BL11-026 with 68.9m @ 1.35 gpt Au & 0.1% Cu

2018 Program:

  • A metallogenic study to better understand the Okalla mineralization system.
  • The next phase of exploration will focus on finding the surface expression and the roots of the bonanza zone and other gold mineralized events.

Oyadao South Halo Project – Copper Porphyry

  • A 235 sq. km license area
  • 7.25 sq. km identified copper anomaly
  • Exploration agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC).
  • 51% Earn-in on $3MM spend by JOGMEC over 3 years. Approx. USD $1 million spent on exploration in 2017.

2017 Results:

  • 2017 drill program results indicate the existence of previously unknown copper-molybdenum porphyry systems with disseminated sulphides at Hal prospect.
  • Hole HAL17-001D returned mineralization from surface to 99 metres depth of 0.24% Cu & 1.34 g/t Ag, including 7.9 m of 0.8% Cu & 2.24 g/t Ag

Exploration work completed in 2017 clearly indicates that Halo is not the only porphyry target on the property that merits further investigation.

2018 Program:

  • USD $1 MM drill and exploration Phase 2 program now underway. It includes 1,200 metres of drilling on 3 new targets.
  • An additional USD $1 MM Phase 3 exploration program is expected to follow this year after Phase 2 is complete.

Andong Meas Project

  • A 188 sq. km license area
  • At least 8 gold prospects have been identified to date, with grab samples containing gold values ranging from 0.5 g/t to +20 g/t Au.
    • Canada Wall Prospect: Preliminary diamond drilling resulted in 11.7 g/t Au over approximately 1 metre. Grab Sample grading 20.9 g/t Au
  • Excellent high grade gold showings as well numerous base metal anomalies present in this copper gold molybdenum porphyry style system.
  • Extensive artisanal gold workings
  • Future exploration: Wild Boar gold vein system to the east is close to drill-ready. Local development has recently exposed more bedrock, making exploration easier.

Koan Nheak Project

  • A 189 sq. km license area
  • In July, 2017 Angkor announced investment by Emerald Resources NL (owner of the nearby Okvau gold project) of $2 million USD development expenditures plus a $200,000 USD cash payment to Angkor over 2 years to acquire a 51% participating interest in the Koan Nheak license.
  • Two local structural corridors have been identified

2016 Sample Results:

  • Grab samples from the Peacock Prospect returned grades up to 30.4 g/t Au.
  • Float breccia samples collected in the south east river channel resulted in grades as high as 9.53 g/t Au.

Phum Syarung (Net Smelter Return) Project

  • A 12 sq. km license area sold to Mesco Gold for $1.8 MM USD
  • Angkor retains a free carry sliding scale 2.0% to 7.5% Net Smelter Return
  • Mining license and permits issued 2016


Management and Directors

Mike Weeks, Executive Chairman

Mr. Weeks has over 25 years experience in project management of power generation and petroleum-related industries. He spent over 15 years negotiating with foreign governments in developing and implementing natural resource concessions.

Stephen Burega, Chief Executive Officer

Mr. Burega has more than 10 years experience in management of resource companies, 12 years in the finance, communications, and government relations fields.

John-Paul Dau, President

Mr. Dau, now based in Phnom Penh, Cambodia, brings over 10 years experience managing various projects in the land development business and 5 years of working in the venture capital business.

Dennis Ouellette, P.Geo., Vice President of Exploration

Mr. Ouellette has over 30 years experience as a geologist designing and managing exploration programs around the world and advising governments.

Stephen Lautens, Vice President of Corporate Affairs & General Counsel

Mr. Lautens has a wide range of experience in communications, investor relations and business development. Mr. Lautens is a lawyer and was VP Corporate Communications of Inter-Citic Minerals Inc. (China).

Delayne Weeks, Social Development Consultant

Delayne Weeks has over 20 years of experience participating in international community development projects.

Viktoriya Griffin, CPA, CA, Chief Financial Officer

Ms. Griffin is dedicated and knowledgeable Chartered Accountant who has over a decade of experience in her field. Ms. Griffin is the CFO for several public companies on the TSX Venture Exchange.

Grant T. Smith, CPA, CA, Independent Director

Mr. Smith served as Chief Financial Officer of Angkor Gold Corp. Mr. Smith's management background extends over 25 years and has over 15 years of experience in the accounting field. Mr. Smith was one of the founders and the senior partner of Clearline CPA, from which he has now retired.

Ken Booth, B.Sc., MBA, Independent Director

Mr. Booth has more than 30 years of experience in exploration, mining and corporate finance and public company administration.

Terry Mereniuk, Independent Director

Mr. Mereniuk has been a Director and CFO of several public and private companies. He has owned and operated his own accounting firm for 9 years. Mr. Mereniuk obtained a Bachelor of Commerce (with distinction) – University of Alberta – April 1981. He is a Certified Management Consultant since June 1988 and a Chartered Accountant since December 1983. Mr. Mereniuk was director and CFO of Wescorp Energy Inc., an OTC Bulletin Board listed company from 2003 to 2009.

Rhonda Hewko, B.A.Sc., P.Eng., Independent Director

Mrs. Hewko has over 17 years' experience in the environmental consulting and chemical manufacturing fields.

Jiancheng Peng, Independent Director

Mr. Peng is the President of Tohui Beishan Property Group Holding Limited. He received his engineering degree from Southwest Jiaotong University and has spent 20 years in enterprise management and business operations for Chinese state-owned companies. He founded and chairs Tonghui Investment Management Corp. and the Tonghui Group of companies, specializing in the financial, industrial and service sectors.

Dr. Adrian G. Mann, P.Geol., Advisor

Dr. Frank Farraye, M.D., M.Sc., Special Advisor

News Update

On December 12, 2018, Angkor Gold Corp. has released results from the mapping and sampling program on its Banlung property in Cambodia.

Highlights of grab sample results include:

  • 13.95 grams per tonne gold and 62.90 grams per tonne silver;
  • 11.90 grams per tonne gold and 6.90 grams per tonne silver;
  • 10.85 grams per tonne gold and 6.90 grams per tonne silver.

On September 19, 2018, Angkor Gold Corp. announced that it has entered into an USD $3.65 million earn-in agreement with Canadian-based private company Hommy 5 Resources Inc. on Angkor's wholly owned Banlung property in northeastern Cambodia.

On August 8, 2018, Angkor Gold Corp. announced that it has discovered a new gold-in-soil anomaly at Angkor's Koan Nheak licence in Cambodia.

On July 17, 2018, Japan Oil, Gas and Metals Corp. (Jogmec) and Angkor Gold Corp. have increased the previously announced phase 2 budget of $1-million (U.S.) on Angkor's Oyadao South licence with an additional $425,000 (U.S.) for a new total of $1,425,000 (U.S.) to be spent in phase 2 exploration.

On July 16, 2018, Angkor Gold Corp. announced that it has closed the final tranche of its previously announced convertible note offering for a final aggregate total of $1.05-million raised.

On July 12, 2018, Angkor Gold Corp. announced that further to the Company's news release of July 9, 2018, Angkor Gold Corp.'s application to extend the expiry date of its warrants has been accepted by the TSX Venture Exchange.

On July 9, 2018, Angkor Gold Corp. announced that it has applied to the TSX Venture Exchange for approval to extend the expiry date of 1,563,000 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in July, 2016. The warrants are exercisable for common shares of Angkor at a price of 50 cents per share. The Company is proposing to extend the expiry date of the warrants by an additional two years to 4:30 p.m. Alberta time on July 29, 2020.

On June 28, 2018, Angkor Gold Corp. announced that underground sampling by Angkor at Mesco's Phum Syarung Mine Site yields up to 40.2 g/t gold in grab sample.

On June 21, 2018, Angkor Gold Corp. has provided an update on the recent mapping and sampling program at Angkor's Andong Meas licence in Cambodia.

Highlights of exploration at Wild Boar and Wild Monkey prospects include:

  • Multiple grab samples from Wild Boar with gold values of up to 20.6 grams per tonne gold;
  • Completed geological mapping and prospecting at Wild Monkey with the Institute of Technology of Cambodia;
  • Evidence of multiple mineralized epithermal quartz veins;
  • Evidence of skarn-type alteration in the Wild Monkey prospect.


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