(via TheNewswire)
The initial twelve assays were completed by
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REEs and accompanying alkali and transition metals, are complex for a number of reasons, including the variance in value of each type of element, which ranges from
Commercial viability of REEs can only be determined after ample proof that both sufficient grade and tonnage are available, and the extraction method is economic.
D Weeks, CEO comments, “We require more data and sampling to begin to assess commercial quantity. At this point, we are pleased with the initial indications, but further exploration will give us more information to determine the next step.”The REE anomaly is open to the west, south and east. A wider spaced sampling program will be conducted to determine the extent of the target area.
Angkor will proceed with a further grid sampling on 100 meters x 100 meters over a minimum expanded terrain of several square kilometers to see if the elevated REE levels are consistent throughout a greater area.
The grid sampling will consist of laterite sampling of surface material and also auger sampling to a depth of at least 7 meters.
As well, a ground magnetic survey has been started and will likely take at least one month to complete. The survey is being done on 100m line spacing and will cover the CW copper porphyry target and the REE in regolith target to thesouth.
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Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprisingtheCompany’sproperty interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timingand resultsof future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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