Angkor Resource applies for new exploration licence
Angkor Resource applies for new exploration licence
Toronto-listed Angkor Resources Corp on September 30 announced verification for new mineral licence status on the Andong Meas and Oyadao North concessions in Ratanakkiri province, application for an unnamed new copper and gold 200sq km licence, and cancellation of two previous licences.
CEO Delayne Weeks explained: "All the permitting was delayed due to restrictions with Covid over the past year. We made the best of that period to complete our review and assessment of our existing licences and other new licences for their potential to bring shareholder value in the near term."
Angkor Resources said in a statement: “After several months of study, the company has also applied for a highly-prospective copper/gold licence of 200sq km in size as an additional new licence.
“The company applied for new licence status on two of its properties to provide an initial three-year term and two additional renewal terms of two years each. At the same time, the company cancelled renewals on Oyadao South and Banlung South.”
Weeks added: "We feel our other licences are far more prospective for minerals, will allow for better use of our resources, and this pivot is consistent with our strategic review."
