Angkor Resources Starts Diamond Drilling at Andong Bor Copper-Gold Target in Cambodia

Angkor Resources Corp. has announced the start of a diamond drilling program at the Andong Bor copper-gold target in Cambodia, with a total of 2,800 meters planned over the coming months. The program is staged around Cambodia's seasonal weather. An initial 1,200 meters in three holes began on June 24, 2026, targeting the Thmei North (TN) anomaly, a one-square-kilometer copper anomaly. The remaining 1,600 meters will follow in early 2027 after the fields dry and crops are harvested.

For precious metals traders, this exploration news highlights ongoing grassroots activity in Southeast Asia's mineral-rich regions. While the immediate impact on gold and copper prices is minimal, successful drilling results could eventually add to global supply expectations. This comes amid a broader backdrop where central banks have been aggressively buying gold since 2022, diversifying reserves away from the US dollar, which has supported prices even as real US 10-year yields have risen—a relationship that historically shows an inverse correlation but has recently decoupled. The COMEX-LBMA spread has also widened at times, reflecting physical delivery tightness, while ETF flows into GLD and IAU have been mixed, with investment demand competing against jewelry demand in price-sensitive markets like India and China. The DXY inverse correlation remains a key driver, as a weaker dollar typically boosts gold. Traders monitoring the gold market can track real-time price movements on NowPrice's gold quotes page.

Investors will watch for assay results from the initial holes, expected later this year. The company's ability to execute the program within the seasonal window will also be a key focus. Further updates on drilling progress and any significant intercepts will be closely followed by the market, as any discovery could shift supply dynamics in a sector where mine output growth has been constrained.