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Algold Resources Ltd.
Summary
| Project: | Tijirit | |
|---|---|---|
| Deposit: | Tijirit | |
| Location: | Mauritania | |
| Commodities: | Gold | |
| Date: | 10/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-10-2018: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Tijirit deposit at the Tijirit project. Drilling results incl. 10.07m @ 4.35g/t Au from 40.68m. Montreal, Canada, October 16, 2018 – ALGOLD RESOURCES LTD. (TSXV: ALG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andre Ciesielski (Independent) | |
| ABSTRACT: | Montreal, Canada, October 16, 2018 – ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) today announced a new series of assay results from drilling carried out in July and August 2018 on the priority targets of Salma Vein System (“SVS”), Eleonore and Sophie located within the Corporation’s Tijirit Project in Mauritania. The latest drill results from both reverse circulation (“RC”) and diamond core drilling further substantiate Algold’s confidence in the Tijirit Project, with data and results that continue to confirm the high-grade nature of the shear-hosted mineralization. Assay result highlights from the drilling over new targets at Eleonore East, Salma and Sophie II, as well as results from the infill drilling at Eleonore North, Central and South are presented in Table 1. Results are pending for approximately 2,060 samples from work carried out as part of the 25,000-meter Phase IV drilling program. The Corporation expects to receive the remaining analysis by the end of November 2018. | |
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