Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Angkor Resources ( (TSE:ANK) ) has issued an announcement.
Angkor Resources reported results from diamond drill hole AB25-009 at the Thmei North copper target on its Andong Bor license in Cambodia, with copper mineralization encountered over the entire 286.2 metres sampled and grades strengthening at depth. The bottom 67.3 metres averaged 0.22% copper, including 52.6 metres at 0.25% copper, and the hole ended in mineralization, supporting the presence of a porphyry copper-related skarn system with promising potential in both diorite and hornfels host rocks.
Company geologists say alteration patterns and higher grades in the hornfels wall rocks suggest they are targeting the right structural corridor, but emphasize the project is still at an early stage and requires further drilling to delineate more consistent mineralization. A second hole was suspended due to regional border conflict, temporarily halting fieldwork and underscoring geopolitical risk, while the company also supports local geoscience education through collaborative study of historical drill core from nearby Thmei South.
The most recent analyst rating on (TSE:ANK) stock is a Hold with a C$0.37 price target. To see the full list of analyst forecasts on Angkor Resources stock, see the TSE:ANK Stock Forecast page.
Spark’s Take on TSE:ANK Stock
According to Spark, TipRanks’ AI Analyst, TSE:ANK is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, losses, cash burn) and leverage risk, partially offset by constructive technical trend/momentum and a series of positive corporate updates aimed at improving funding flexibility and advancing exploration plans.
To see Spark’s full report on TSE:ANK stock, click here.
More about Angkor Resources
Angkor Resources Corp. is a TSX Venture-listed Canadian explorer focused on mineral and energy projects in Cambodia. The company positions itself as a leading resource optimizer in the country, advancing copper and other mineral targets through its Cambodian subsidiary, Angkor Gold Corp., with an emphasis on porphyry-style deposits and related systems.
Average Trading Volume: 82,300
Technical Sentiment Signal: Buy
Current Market Cap: C$68.66M
For a thorough assessment of ANK stock, go to TipRanks’ Stock Analysis page.