Algold Announces Drilling Campaign on its New Highly Prospective Tijirit Property in Mauritania

Algold Resources Ltd. (TSXV:ALG) announced that a 10 000 metres reverse-circulation drilling program on its newly acquired Tijirit property in Mauritania is scheduled to commence in the coming weeks. Tijirit covers an area of more than 1,100 km2 and is situated approximately 25 kilometers south of the Tasiast gold mine.
As quoted in the press release:

Since entering into the Option Agreement with Gryphon in the fall of 2015, and exercising the Option in March 2016, Algold initiated a thorough review of all of the geological data that was available on Tijirit, which encompassed more than 35,000 meters of RC and 3,500 meters of core drilling. This review enabled the conceptualization of a series of gold wire frames over the Eleanor, Sophie and Lily prospects that will serve as the basis for planning the exploration program and completing a compliant NI 43-101 resource estimation.
This will produce the maiden resource estimation for this project to be included in a NI 43-101 Technical Report. Algold expects the work to be completed in Q2 2016. The Corporation expects to file an amended NI 43-101 Technical Report in the latter part of this year to incorporate the results from the planned drilling campaign.
Algold’s geological team is working in close collaboration with SGS Geostat to finalize the exploration program using SGS Geostat’s newly developed, award winning targeting methodology. The process utilizes a combination of machine learning and traditional geological methods to drive data into an expansive and unbiased block model and optimize drilling to discover new mineralized bodies.
Drilling on the property will be carried out by Capital Drilling, a well-established company with a fleet of over 90 diamond, RC, grade control, blast hole, air core and multi-purpose rigs. Capital Drilling is familiar with the area as it is responsible for a significant portion of the drilling carried out on the adjacent Kinross Tasiast property.

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