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JOGMEC abandons earn-in on Angkor Gold's Oyadao South gold project

Angkor Gold Corp. retained full ownership of Oyadao South gold property in Cambodia after JOGMEC abandoned its earn-in option on the project.

In June 2016, the two companies signed a deal granting JOGMEC the right to earn up to 51% of Oyadao South by spending US$3 million in exploration over three years.

Angkor Gold noted that while previous exploration returned near and at-surface gold results, JOGMEC was primarily interested in copper, and the copper system at the Halo copper porphyry system was not large enough for JOGMEC to proceed with more exploration.

Angkor Gold said May 24 that it will pursue gold opportunities at the project using the acquired exploration data to identify more targets.