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Algold Resources Ltd.
Summary
| Project: | Tijirit | |
|---|---|---|
| Deposit: | Eleonore | |
| Location: | Mauritania | |
| Commodities: | Gold | |
| Date: | 12/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2017: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Eleonore deposit at the Tijirit project. Drilling results incl. 0.5m @ 18.10g/t Au from 156.5m. Montreal, Canada, December 6, 2017 – ALGOLD RESOURCES LTD. (TSXV: ALG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Alastair Gallaugher, André Ciesielski (Internal) | |
| ABSTRACT: | Montreal, Canada, December 6, 2017 – ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) today announced additional assay results from diamond (“DDH”) and reverse-circulation (“RC”) drilling carried out on its Tijirit property (“Tijirit”) in Mauritania as part of the Corporation’s Phase III 30,000-meter drilling program completed on August 25, 2017 (Figure 1). Algold also reported on recent pitting and trenching activities performed over the Salma Vein System (reference Algold’s press release dated October 3rd, 2017), which extended the strike length of this discovery to more than nine kilometers. As of December 1, 2017, Algold collected 20,082 samples (excluding QA/QC) as part of the Phase III drilling program, 16,749 of which were sent to the SGS Bamako laboratories for analysis. At present, Algold is in receipt of 15,966 assay results, with 4,116 drill samples pending and/or being prepared (excluding QA/QC). A series of exploration holes are planned to test the down-dip extent of outcropping mineralization in an area located two kilometers east of Eleonore, termed the “Pressure Shadow”. Wide-spaced drill fences are planned to the north testing the “Salma Vein System”. Rock-chip panel sampling confirmed the high-grade gold mineralization near surface, with results up to 100 g/t Au as disclosed in Algold’s press release dated October 3rd, 2017. | |
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