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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Angkor Resources Corp | TSXV:ANK | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.135 | 0.115 | 0.13 | 0 | 12:00:37 |
AGREEMENT HIGHLIGHTS
“We are very pleased to be working again with Hommy,” said Mike Weeks, Executive Chairman of Angkor. “They were excellent development partners on Banlung. The proximity of Oyadao to the development at Mesco’s Phum Syarung mine site (see press release dated June 25, 2018) is of great interest to us both and we are excited to pursue this initiative together.”
Dr. Adrian G. Mann, director of, and technical advisor to, Hommy Oyadao Inc., is optimistic about their immediate exploration plans for Oyadao: “Mesco's Vertical Shaft is about 400 metres from our first drill target which is based on a strong EM conductor that coincides with the line of strike of their main vein. It's a modest but aggressive program on which we can build.”
The Oyadao License is a 222 km2 area near the Vietnam border, running north and east of Mesco’s Phum Syarung mine site, the mineral rights of which were sold separately by Angkor to Mesco in 2013 and licensed in 2016 for $1.8 million US in cash, with Angkor retaining a sliding scale Net Smelter Return interest ranging from 2.0% to 7.5% on any gold production, as well as 7.5% of the value all other metals produced.
ABOUT THE HOMMY GROUP
Hommy Oyadao Inc. and Hommy 5 Resources Inc. are private companies based in Alberta, Canada. It is a family fund of Canadian investors experienced in the resource sector.
ABOUT ANGKOR RESOURCES CORP.
Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading mineral explorer in Cambodia with a large land package. In 2019 it added Block VIII, a 7,300 square kilometre oil and gas exploration license in Cambodia, to its exploration portfolio.
CONTACT:
Stephen Burega, CEOTelephone: +1 (647) 515-3734Email: sb@angkorgold.caWebsite: http://www.angkorgold.ca or follow us on Twitter @AngkorGold.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
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