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Algold Resources Ltd.

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Summary

Project:

Tijirit

Deposit:Eleonore
Location:Mauritania
Commodities:Gold
Date:9/12/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:12-9-2017: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Eleonore deposit at the Tijirit project. Drilling results incl. 15.0m @ 6.84g/t Au from 42.0m. MONTREAL, Sept. 12, 2017 /CNW Telbec/ - ALGOLD RESOURCES LTD. (TSXV: AL
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alastair Gallaugher, André Ciesielski (Internal)
ABSTRACT:MONTREAL, Sept. 12, 2017 /CNW Telbec/ - ALGOLD RESOURCES LTD. (TSXV: ALG) ("Algold" or the "Corporation") today announced additional assay results from the diamond ("DDH")and reverse-circulation ("RC") drilling carried out on its Tijirit property ("Tijirit") in Mauritania as part of the Corporation's Phase III 25,000-meter drilling campaign. The results, which include 6.84 g/t Au over 15 meters, continue to demonstrate the high-grade nature and the continuity of the mineralization, both near surface and at depth, over the 3.5-kilometer strike length of the Eleonore zone(Figure 1). The Phase III 20,000-meter RC and 5,000-meter DDH drilling program was initiated on February 1, 2017 with the objective to further delineate the high-grade gold deposit. The Phase III drilling program concluded on August 25, 2017 with 182 RC holes, 18 DDH and 30 RC precollar/diamond tails completed for a total of 24,205 meters of RC and 5,930 meters of diamond drilling.

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