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Algold Resources Ltd.
Summary
| Project: | Tijirit | |
|---|---|---|
| Deposit: | Tijirit | |
| Location: | Mauritania | |
| Commodities: | Gold | |
| Date: | 8/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-8-2018: Algold Resources Ltd. announces an Exploration/Drilling Update report for its Tijirit deposit at the Tijirit project. Drilling results incl. 13m @ 16.27g/t Au from 98m. Eleonore North and South zones continue to validate the spatial continuity | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andre Ciesielski (Independent) | |
| ABSTRACT: | Eleonore North and South zones continue to validate the spatial continuity of the mineralization identified to date and, importantly, demonstrate that high grades are recurrent along strike and dip. Furthermore, the wide, high-grade intersection in hole T18RC123 at Eleonore North indicates the formation of a wide, cigar shape, shallow dipping structure, possibly concentrating in variable large sheared assymetric fold hinges related to late-tectonic emplacement. The new diamond core (“DDH”) and reverse circulation (“RC”) drilling results from Eleonore North and South zones corroborate the high-grade and spatial continuity of the mineralization tested. In 2018, as part of the Phase IV drilling program, Algold completed over 7,600 meters of DDH drilling, representing approximately 20% of all drilling completed on the Project to date. Mineralization in Eleonore North is defined over one kilometer, being separate from Eleonore Central by a crosscutting diabase dyke. Hosted within the mafic volcanics, it is contained in subvertical or more mildly dipping quartz-rich shear zones locally trending N050, N070 in addition to the regional trend of N020. These zones are both sub-vertical and more shallower dipping. Visible gold is frequently observed in drill samples, consistent with the zones to the south. The mineralization remains open to the north and at depth. | |
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