Issue link: http://resourceworld.uberflip.com/i/759903
D E C E M B E R / J A N U A R Y 2 0 1 7 www.resourceworld.com 33 blUe riVer/anGKOr GOld defininG plaCer GOld depOsiT abOVe pOrphYrY TarGeT BLuE RIVER RESOuRCES LTD. [BXR- TSXV] and ANGKOR GOLD CORP. [ANK-TSXV; ANKOF-OTC] recently com- pleted the Phase I, auger drilling, program on the Okalla West prospect, part of the 150 km 2 Banlung Project, Cambodia. Blue River can earn a 50% interest from Angkor Gold by spending $3.5 million on exploration. Griffin Jones, President of Blue River, explained to Resource World, "We are currently targeting the near-surface miner- alization above the bedrock. The bedrock appears to be about 8 metres deep and it's the mineralized area between surface and 8 metres that we are testing. It's a saprolite-laterite type deposit on top and, underneath, we speculate it's a gold-cop- per porphyry system that is the source of the mineralization. The saprolite could develop into a placer gold operation. "It's not a traditional placer gold deposit as such but it can be recovered using alluvial gold recovery techniques which would include a trom- mel, shaker tables and a fine gold recovery circuit," said Jones. Lab results from the auger holes con- firmed the surface geochemistry, termite mound, pan-concentrate gold anomaly previously identified at Okalla West. Gold grades appear to increase with depth and range from 0.01 to 2.45 g/t gold. The completed part of the auger program rep- resents only 0.67 km 2 of the 4 km 2 surface gold anomaly. The hydrothermal gold signature in Okalla West is significant, as it geochemi- cally connects the previously drilled Okalla prospect to Okalla West, poten- tially, regionally linking the source for both prospects to the Okan Fault, opening up further gold exploration potential. "These auger results demonstrate the potential in the Okalla West prospect," said JP Dau, VP of Operations for Angkor Gold, operator of the program. He added, "It is encouraging to see that the gold assay results validate the visible gold seen in the large surface gold anomaly originally iden- tified in the 2015 termite soil program." The Okalla West auger program com- prised 705 holes with a maximum auger depth of 6.6 metres with 116 holes selected for gold fire assay and multi-element analysis. The companies will now test the overlapping surface geochemistry and auger anomalous gold areas with trenching and mechanical drilling, such as Reverse Air Blast, to better evaluate the potential of the gold anomaly. The trenching and mechani- cal drilling add to the data to prepare a NI 43-101 resource estimate and eventually the application for a mining license. Jonathan Soper, P.Eng., Chairman of the Advisory Board for Blue River, said, "With the grade of the gold increasing with depth there is potential for another zone below the gold near surface." n miNiN g Producing Gold In California Golden Queen Mining Co. Ltd. TSX: GQM OTCQX: GQMNF TEL: (778) 373-1557 E: info@goldenqueen.com www.goldenqueen.com