Angkor Gold Corp. is the first North American, publicly traded gold explorer in Cambodia. This gives it a first-mover advantage; it has the best relationships with local and national governments and the best land package in a country that is relatively unexplored yet has a strong history of artisanal mining. The company's business strategy is action: Project generation that creates cash flow through acquisition, joint venture, or a strategic partnership. Angkor will focus on its top three prospects: Border, Phum Syarung and Okalla. Its midterm goal is to self-finance and accelerate the drilling programs at Phum Syarung, while continuing to focus on exploration and sustainable community development.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Bob Moriarty
"I just came back from Cambodia and I saw an interesting company called Angkor Gold Corp. . .the company is ahead of the game in raising money, which is unusual for a junior over the past two years. Angkor sold a 78 square kilometer project to the Chinese for $2.4M and formed a joint venture with an Indian company that wants to get into production in about 18 months. Angkor got a 10% net smelter royalty on that. That put a floor underneath the stock. . .in a year and a half from now or so it could pay 10% dividends. . .Cambodia is a rainforest and it gets about 200 inches of rain a year. So what Angkor does is take samples from termite mounds and tests them for trace elements often found with gold. The cost of the samples is about one-third of the cost of a regular soil sample. It's very successful. I was really impressed with Angkor's technical program. . .It's a good company and it's cheap. Angkor should be reporting results on a regular basis soon. The company will be drilling soon and has taken 20,000 soil samples in the last year."
Bob Moriarty, 321 Gold
"In two recent joint ventures, Angkor Gold Corp's [CEO Mike] Weeks has proven the [project generator] concept works for Angkor and in effect, put a floor under the price of the stock. . .the investment community responded by increasing the value of the shares by 60% since the end of 2012. . .Weeks and staff have done an excellent job of staying cashed up without giving away the keys to the candy store. . .I expect the shares to be among the first to recover when investors wake up to the very real opportunity in the resource sector."
The Gold Report Interview with Leonard Melman
"Angkor Gold Corp. is a very interesting story. Perhaps the most interesting feature is that Angkor Gold is the earliest development company to enter into Cambodian mining development. It has a huge, 2,000 square kilometer holding. It started originally as a simple mining exploration and development venture, but has recently gone into project generation, including the building of future royalties. Those project developments have recently brought in more than $2M to the treasury and created a royalty base of 10% of any silver or gold produced from the new projects. It's changing direction to bring in current revenue, so it doesn't have to go to the financial markets to sustain its own exploration work. Angkor Gold is also insisting upon a royalty stream down the road if those projects enter production. . .the company's total property holdings are in eight different areas and some of them show the potential for copper, gold and molybdenum. The potential is there. The company is just in the early stages of a lot of its exploration, but the potential is very definitely there in several directions."
Chris Devauld, The Bottom Line Report
"Angkor Gold Corp. recently announced 'a significant gold discovery' on its Phum Syarung Prospect in its Oyado South tenement. . .of eight holes drilled this season, six returned positive results. These results include a 20cm section in PS12-013D, which demonstrates a considerable hit for the exploration team: an impressive 16.65 g/t Au over 4.05m, as well as appreciable silver, copper and lead. . .Angkor Gold works with an aggressive exploration strategy that incorporates diverse holdings in a mineral-rich region; with $12M invested directly into its mining operations, 10 drill-ready targets and a board that brings decades of experience, the company is in an enviable position."
The Gold Report Interview with Steve Cochrane
"Angkor Gold Corp. is a company in a unique situation. . .Cambodia has just embarked upon this road of growth, modernization, attracting foreign investment and exploring its natural resources. . .the bulk of Angkor Gold's properties are in Ratanakiri province. . .the company has a very strong commitment to the country, both from an environmental and humanitarian standpoint. It has been supporting the local tribespeople, drilling water wells and donating to local hospitals and health care. It has a very strong community service mandate and it is very cognizant about treating the environment with respect.
. . .Dr. Adrian Mann is the vice president of exploration and John-Paul Dau is the country manager. Their level of excitement and conviction that there is a huge mineral resource in Cambodia goes beyond question. It's catching. When you see the work they've done and the results that they have been able to generate, you get that sense that there's not a question about if there's a major resource deposit there, it's just a question of when they'll find it. . .Angkor Gold is now starting to understand the structure that's on that property. While it's still very early, the company is starting to see a potential 150–200 Koz resource materialize. The company thinks it will expand with additional drilling."
Angkor Gold Corp. Content
ANK's Video Press Releases
for ANK's Corporate Community Development Page
Read an Article
about ANK's acquisition of Liberty Mining International Pty Ltd
ANK Ups Presence in Ratanakkiri Gold Sector (5/3/12)
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