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Algold Resources Ltd.
Summary
| Project: | Tijirit | |
|---|---|---|
| Deposit: | Eleonore, Sophie I, Sophie II, South | |
| Location: | Mauritania | |
| Commodities: | Gold | |
| Date: | 9/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-9-2016: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Eleonore, Sophie I, Sophie II, South deposit at the Tijirit project. Drilling results incl. 6m @ 39.85g/t Au from 52m at Eleonore. MONTREAL, Sept. 14, 2016 /CNW Telbe | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andre Ciesielski, Alastair Gallaugher (Internal) | |
| ABSTRACT: | MONTREAL, Sept. 14, 2016 /CNW Telbec/ -ALGOLD RESOURCES LTD. (TSXV: ALG) – (the "Corporation") today announced more results from its Phase I 10,000-meter drilling campaign carried out on the Corporation's Tijirit property ("Tijirit") in Mauritania. New results continue to validate the potential of a significant 3.1-kilometer strike gold zone and indicate that the northern part of the Eleonore Zone appears to hold a very rich gold system dominated by at least one major quartz vein hosting significant visible gold, which remains open in all directions. This round of drilling identified three coherent gold zones in which a minimum of two to three gold bearing quartz veins have been developed in an "en echelon-type structure" between two major structural features identified from satellite imagery. All three sectors of the Eleonore gold zone are still open in all directions, with extensions currently being drill tested. Algold is now in receipt of approximately 80% of the outstanding assay results from its Phase I drilling program. Detailed geological descriptions of all mineralized zones can be found on Algold's website (www.algold.com) and on SEDAR (www.sedar.com) in the report entitled "Algold 43-101 Technical Report: Tijirit Maiden Mineral Resources Estimates for the Tijirit Gold Project in Mauritania". | |
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