Algold: Continued Positive Results at Tijirit's Eleonore Zone

MONTREAL , Nov. 28, 2016 /CNW Telbec/ – Algold Resources Ltd. (TSXV:ALG) today announced receipt of additional results from its Phase II – 10,000-meter drilling campaign carried out on the Tijirit property (“Tijirit”) in Mauritania. The most recent assay results are from drilling carried out over the Eleonore North, Central and South areas, as well as from several drill holes conducted on the Sophie II Zone.

Highlights

These results further corroborate Algold’s interpretation of a multiplicity of mineralized quartz veins of varying widths, grades and strikes that extend in a north-northeast direction with sub-vertical dip, over the full extent of the Eleonore Zone (3.4-kilometer strike).

• Hole T16RC136 – 2 m @ 15.85 g/t Au, situated in Eleonore North, 100 m west of hole T16RC092 (3 m @ 2.41 g/t Au referenced in Algold’s press release dated November 2, 2016 ). (Figure 1)
• Hole T16RC119 – 7 m @ 1.66 g/t Au situated in Eleonore Central, is on the same section line as T16RC080 – 12 m @ 1.75 g/t Au, but 100 m west-northwest. (Figure 2)
• Hole T16RC134 – 2m @ 7.65 g/t Au, situated in Eleonore South , 90 m south of T16RC081 (3 m @ 2.41 g/t Au referenced in Algold’s press release dated October 5, 2016 ). (Figure 3)
• Hole T16RC104 – 4 m @ 4.07 g/t Au, situated in Eleonore South , 440 m northeast of hole T16RC027 (6 m @ 16.4 g/t Au – referenced in Algold’s press release dated August 16, 2016 ). (Figure 3)
• Hole T16RC109 – 7 m @ 1.14 g/t Au situated in Eleonore South extends the mineralization 40 meters NE from the previous intersection in hole ECD3 (and on the same section as T16RC079 – 4m @ 1.81 g/t Au) and confirms a new vein to the northwest of those currently defined. (Figure 3)

These results continue to demonstrate the considerable potential of the Eleonore Zone to host a significant high-grade gold deposit as all three areas remain open in all directions.

Read the full press release.

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