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Algold Resources Ltd.

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Summary

Project:

Tijirit

Deposit:Eleonore
Location:Mauritania
Commodities:Gold
Date:11/7/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:7-11-2017: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Eleonore deposit at the Tijirit project. Drilling results incl. 179m @ 0.34g/t Au from 138m. Montreal, Canada, November 7, 2017 – ALGOLD RESOURCES LTD. (TSXV: ALG – “
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Alastair Gallaugher, André Ciesielski (Internal)
ABSTRACT:Montreal, Canada, November 7, 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. The results, which include 6.14 g/t Au over 4 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). Additionally, drilling results from the Lily and Sophie zones extended the width of the mineralization, thereby continuing to add significant gold ounces to the Tijirit project. Hole T17RC179 was drilled 40 meters north of T17RC107 (6.84 g/t Au over 15 m and 2.16 g/t Au over 8 m; reference Algold’s press release dated September 12, 2017) and T17RD044 (5.81 g/t Au over 3.05 m; reference Algold’s press release dated September 12, 2017) and 50 meters below T17RC045 (2.24 g/t Au over 2 m and 14.15 g/t Au over 10 m; reference Algold’s press release dated April 25, 2017). Two significant mineralized zones were intersected, which correlate with mineralization discovered in the surrounding holes. The structure remains open along strike to the north and at depth. Hole T17RC146 is the up-dip extension of the visible-gold-bearing mineralization intersected in core hole T17RD139 (5.14g/t Au over 2.4m and 21.53 g/t Au over 1.8 m; reference Algold’s press release dated September 12, 2017). The northern and down dip extensions of this mineralized zone are yet to be tested.

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