Cambodia is a country with a variety of largely untapped mineral resources, including gold.
Within the past decade there has been a surge of interest in the country’s mineral prospects and that interest has been met with a positive response from the Royal Government.
For the country of Cambodia, the mining sector may be one of its keys to its economic growth.
Infrastructure such as roads, water and electricity are being advanced to the active mining areas of the country, along with low labour costs which help maintain cost effective mineral exploration and production activities.
Blue River Resources Ltd. (BXR – TSX.V) is one of many companies exploring to find an economical gold deposit in Cambodia. Blue River is presently completing a shallow drilling program on the Okalla West gold anomaly in Banlung, Cambodia, with their partner Angkor Gold Corp.
The exploration target is a shallow gold anomaly measuring in size approximately 4 square kilometers.
Blue River’s initial focus is on a 40 hectare section of the property where previous sampling revealed high concentrations of gold.
There will be a total of 1200 holes to be drilled when the drilling is completed this year. The drill samples will be submitted to ALS Labs and results will be announced by the Blue River over the coming weeks.
Blue River’s exploration plan is designed to delineate a near surface gold resource located in the saprolite & laterite rocks located no more than 7 meters from surface.
The company reported that there is a potential for a gold deposit of 400,000 to 800,000 ounces of gold based on the past exploration activities, findings and results.