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Angkor Gold Corp
Symbol ANK
Shares Issued 78,518,498
Close 2013-05-22 C$ 0.395
Market Cap C$ 31,014,807
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Angkor partner drills 6.3 m of 8.11 g/t at Phum Syarung

2013-05-23 10:49 ET - News Release

Mr. Mike Weeks reports

ANGKOR GOLD'S PROJECT PARTNER DRILLS 8.11G/T OVER 6.3M AT PHUM SYARUNG

Angkor Gold Corp. has received results from the four diamond drill holes completed by Mesco Gold Ltd. The drilling was carried out in March on the Phum Syarung prospect, located within its Oyadao South concession, Ratanakiri province, Cambodia. In terms of the agreement with Mesco, Angkor retains a 10-per-cent net-smelter-return royalty interest in the prospect.

Mike Weeks, Angkor's chief executive officer and chairman, commented, "The Mesco drill results confirm what we suspected: the deposit at PS is significantly larger than our initial drill results suggested." The table shows the significant results from this drilling.

              From       To    Interval      Au      Ag      Cu      Pb      Zn
Hole ID        (m)      (m)         (m)   (g/t)   (g/t)     (%)     (%)     (%)

PS13-020D    54.60    55.50        0.90    1.61    1.38    0.05    0.02    0.01
and          89.25    95.55        6.30    8.11    6.49    0.12    1.04    0.47
PS13-021D   135.55   142.75        7.20    0.38    0.31    0.00    0.03    0.04
PS13-022D    27.00    27.43        0.43    8.69    8.10    0.08    0.07    0.01
and          61.93    64.23        2.30    9.69   13.21    0.12    0.62    0.90
PS13-023D   185.00   186.80        0.70    1.54    79.4    1.07    0.87    0.01

The drilling conducted by Mesco confirms the high gold grades drilled by Angkor in 2012 and has extended the known mineralized strike length by over 100 metres to a total of 370 metres. The holes were logged and sampled by an Angkor geologist on secondment to Mesco. On Mesco's instructions, no samples were taken outside the immediate mineralized zone, no downhole surveys or core orientation studies were done, and no quality assurance/quality control blank or standard samples were inserted into the sequence. All drill holes in this program used HQ series for the uppermost 25 metres to 40 metres, and thereafter cores used triple-tube wire-line N series. All cores were saw split over the sampling interval before sampling. One-half of the split core was sent for assay, and the balance of the core over the zone of interest was taken for metallurgical test work. The intact unmineralized core is stored by Mesco on site.

The drilling showed evidence of small ore-dislocation parallel shears between the high-grade polymetallic veins in hole 20, which were also noted in holes 21, 22 and 23, indicating a stacked shear system of which one of these dislocation faults was intersected in the depth extension hole 23 at 186.10 m to 186.80 m.

Drilled interval thickness is probably very close to true thickness, but without the surveys and orientation studies, this cannot be verified. Analyses were done in Vientiane and Australia by ALS using standard fire assay with AAS finish for gold and by ICP-MS for other metals, with higher values repeated and confirmed gravimetrically. These results are in line with those on the same prospect previously reported by Angkor in its 2012 drilling program.

The qualified person for this release, which he wrote and approved, is Dr. Adrian Mann, PGeol, vice-president, exploration, for Angkor. He is a graduate of London University and of the University of the Witwatersrand, with over 45 years of worldwide experience in mineral exploration and mining geology. Dr. Mann lives in Calgary, Alta.

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