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Algold Resources Ltd.
Summary
| Project: | Tijirit | |
|---|---|---|
| Deposit: | Tijirit | |
| Location: | Mauritania | |
| Commodities: | Gold | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Tijirit deposit at the Tijirit project. Drilling results incl. 8m @ 4.52g/t Au from 194.0m. Montreal, Canada, October 24, 2018 – ALGOLD RESOURCES LTD. (TSXV: ALG – “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andre Ciesielski (Independent) | |
| ABSTRACT: | Montreal, Canada, October 24, 2018 – ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) today announced the final series of assay results from the Phase IV drilling program carried out in July and August 2018 on Eleonore and Salma Vein System (“SVS”) priority targets at the Corporation’s Tijirit Project in Mauritania. Algold is now in receipt of all the assay results from drilling carried out as part of the Phase IV 25,000-meter drilling program, which concluded in September 2018. As per Algold’s sampling procedures, select highgrade and mineralized samples will be re-analyzed using accelerated cyanide leach methods. The positive results demonstrate that the drilling program successfully achieved its objective of infill and step-out drilling, as well as served to test new zones where resources had not been defined. In addition to the greater sample data, the drilling results provide a better comprehension of the mineralized system at Eleonore North, Central and South, which will allow for better modelling. The February 2018 NI 43-101 Resource Estimate (reference Algold’s press release and technical report available at www.algold.com and on SEDAR) substantiate the Corporation’s confidence in the Tijirit Project, with data and results that continue to confirm the high-grade nature of the shear-hosted mineralization. | |
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