Angkor Gold Corp. Expands Sampling in Andong Bor License, Cambodia

In the dynamic world of mineral exploration, Angkor Gold Corp., a subsidiary of Angkor Resources Corp., has made a significant move by extending its mineral sampling activities in a new area of the Andong Bor license in Cambodia. This strategic decision is poised to unlock substantial economic benefits while also presenting unique challenges that investors need to be aware of.

The Economic Benefits

The expansion of mineral sampling in the new area of the Andong Bor license presents several potential economic benefits. Firstly, the company has previously confirmed a copper-gold porphyry system on the Thmei North prospect and similar results on the Thmei South prospect. This indicates the potential for significant mineral deposits in the area. As stated by Terry Lyon, Interim CEO of CANbodia Copper Corp., "Copper and gold remain key minerals of global demand, and we are very excited to work with Angkor and advance this project towards what we believe may be a precedent-setting discovery for copper gold in Cambodia." This discovery could lead to substantial economic gains if the deposits are of high grade and commercially viable.

Secondly, the discovery of new mineral deposits can significantly increase the market value of the company. As the company's VP of Exploration, Dennis Ouellette, mentioned, "This continuing exploration is to follow-up on the previously announced high-grade copper drill intervals and leads us to build solid value, define a resource, and prove a world-class project in Cambodia." This could attract more investors and potentially lead to higher stock prices.

Lastly, the expansion of mineral sampling and potential mining operations can create jobs and stimulate economic development in the region. The company's commitment to environmental and social projects, as mentioned in their carbon capture and gas conservation project in Saskatchewan, Canada, indicates a responsible approach to development.

The Economic Risks

However, the expansion of mineral sampling in the new area of the Andong Bor license also comes with substantial risks that need to be carefully managed. Firstly, the stock of Angkor Resources Corp. is considered to be "very high risk" due to its high daily movements and volatility. For example, during the last day, the stock moved $0.0250 between high and low, or 9.80%. This volatility can make it difficult for investors to predict the stock's performance and can lead to significant losses.

Secondly, the company's operations are subject to environmental impact assessments and regulatory approvals. Any delays or issues in obtaining these approvals can impact the timeline and cost of the project. For instance, the company's subsidiary, EnerCam Resources, began an environmental impact assessment on March 18, 2025, which is a necessary step before proceeding with further exploration.

Thirdly, the price of copper and gold can be volatile and subject to market fluctuations. Any significant drop in the price of these minerals can impact the economic viability of the project. For example, the stock price of Angkor Resources Corp. has risen in 8 of the last 10 days and is up by 92.86% over the past 2 weeks, but this trend could reverse if market conditions change.

Lastly, the company faces operational risks such as the potential for gold and/or other minerals at any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, and the impact of general economic conditions. These risks can affect the company's ability to successfully explore and develop the mineral deposits.

The Strategic Partnership

The strategic partnership between Angkor Resources Corp. and CANbodia Copper Corp. significantly influences the exploration and development of the Andong Bor license. Firstly, the collaboration brings together the expertise and resources of both companies to advance the project. CANbodia Copper Corp. provides dynamic executive leadership and expertise in mining projects, copper mineralization, and corporate finance, while Angkor Resources Corp. contributes its extensive experience in mineral exploration and development in Cambodia. This partnership is expected to lead to a more comprehensive and effective exploration program.

The collaboration has already initiated a soil sampling program to expand the existing soil sampling program to the southern boundary of the property. This program consists of approximately 340 auger soil samples and is expected to take about six weeks to complete. The samples will be analyzed for copper and gold anomalies, as well as for clay alteration using the Company’s TerraSpec mineral spectrometer to identify pathfinder minerals related to copper porphyry alteration. This detailed analysis is crucial for defining a resource and proving a world-class project in Cambodia.

The expected outcomes of this collaboration include the potential for a precedent-setting discovery for copper gold in Cambodia. The partnership aims to build solid value, define a resource, and prove a world-class project. The strategic alignment between the two companies is expected to result in a more efficient and effective exploration program, leading to the discovery of high-grade copper and gold deposits. The collaboration also aligns with Angkor Resources Corp.'s long-term commitment to Environmental and Social projects across expanding jurisdictions, ensuring sustainable and responsible exploration and development practices.

The Environmental and Social Impacts

Angkor Gold Corp.'s mineral exploration activities in Cambodia have both environmental and social impacts. The company has taken steps to address these concerns through Environmental Impact Assessments (EIAs) and community engagement initiatives.

The environmental impacts of Angkor Gold Corp.'s activities include the potential disruption of local ecosystems, soil contamination, and water pollution. For instance, the company's exploration activities in Ratanakkiri province have led to the discovery of new copper systems during exploratory drilling, which could have environmental repercussions if not managed properly. The company has also been involved in ground magnetic surveys on Thmei North and Thmei South prospects on the Andong Bor license, which could affect the local environment.

The social impacts of Angkor Gold Corp.'s activities include potential conflicts with local communities, particularly ethnic minorities. For example, the company faced resistance from villagers in Pate commune’s Plang village in Ratanakiri’s Ou Ya Dav district, who refused to give the company permission to explore for gold on their land. This highlights the need for community engagement and consent.

Angkor Gold Corp. has conducted Environmental Impact Assessments to mitigate the environmental impacts of its activities. For instance, the company's Cambodian subsidiary, EnerCam Resources Co. Ltd. Cambodia, began an Environmental Impact Assessment on March 18, 2025. This assessment is crucial for identifying potential environmental risks and developing strategies to minimize them. The company's commitment to EIAs is evident in its announcement that it has signed agreements with a private energy-producer to undertake an emission carbon capture project, demonstrating its dedication to environmental sustainability.

Angkor Gold Corp. has also engaged in community engagement initiatives to address social concerns. The company has entered into a "ground-breaking" collaborative engagement with Ratanakkiri province’s Jarai minority ethnic communities on the Andong Meas license. This agreement covers exploration through mining and also includes reclamation, ensuring that the local community benefits from the company's activities and that their concerns are addressed. Additionally, the company has participated in a three-year project with the Global Compact Network Canada (GCNC) to assist Canadian organizations in addressing the United Nation’s sustainable development goals, including gender equality and social development.

Conclusion

In conclusion, Angkor Gold Corp.'s expansion of mineral sampling in the new area of the Andong Bor license presents significant economic benefits, but it also comes with substantial risks that need to be carefully managed. The strategic partnership between Angkor Resources Corp. and CANbodia Copper Corp. is expected to lead to a more comprehensive and effective exploration program, resulting in the discovery of high-grade copper and gold deposits. The company's commitment to Environmental Impact Assessments and community engagement initiatives ensures that its activities are sustainable and responsible. Investors should carefully consider these factors when evaluating the potential of Angkor Gold Corp.'s expansion in Cambodia.