The Conversation (0)
Algold Resources Ltd. (TSXV:ALG) announced that the 10, 000 meter reverse circulation exploration drilling program previously announce is underway on the recently acquired Tijirit Property, Mauritania, which encompasses an area of more than 1,000 km2, situated approximately 25 kilometers southeast of the Tasiast gold mine.As quoted in the press release: Past operators Shield Mining and …
Algold Resources Ltd. (TSXV:ALG) announced that the 10, 000 meter reverse circulation exploration drilling program previously announce is underway on the recently acquired Tijirit Property, Mauritania, which encompasses an area of more than 1,000 km2, situated approximately 25 kilometers southeast of the Tasiast gold mine.
As quoted in the press release:
Past operators Shield Mining and Gryphon Minerals have completed more than 35,000 meters of RC drilling and 3,500 meters of core drilling on the property. These operators have identified four main gold prospects: Eleanor, Lily, Sophie I and Sophie II and III (Figure 1). The Eleanor prospect display gold mineralisation associated with syn-tectonic quartz veining and visible gold (Photo 1); Sophie I, where gold is associated with high strain quartz-biotite-chlorite alteration; Sophie II, where mineralization is associated with sulphides in banded iron formation (“BIF”) and quartz-biotite alteration in a volcanic package; Sophie III, which is dominated by a wide BIF package with gold associated with sulphides; and Lily, where gold mineralisation is associated with disseminated sulphides within a broad zone of sediments and volcanic rocks. All four prospects are within a 5 km radius.
The 10 000m RC drilling program will particularly target the Eleanor and Sophie I and Sophie II and III prospects. Gathering of the historical geochemical, geophysical and drilling data has enabled the conceptualization of mineralised wireframes and identification of high potential target. (Figure 1, Table 1).
(Note: Gold (Au) grades are weighted averages, intersection widths represent down hole lengths.)
The Corporation expects drilling to be completed in late Q2 or early Q3 2016
Algold President and CEO, Francois Auclair, stated:
We believe the Tijirit Licence has the potential to host a world class gold deposit, the commencement of drilling is the first step to unlocking this potential. Tijirit displays similar mineralogical characteristics to the Tasiast gold deposit located approximately 25 kilometers north. Regional soil anomalies highlight the potential for further discoveries outside of those already defined in this large and relatively unexplored property. The Algold exploration team has several past successes in the Archean belts of West Africa and has been hard at work since the acquisition of Gryphon Mineral’s properties in Mauritania, evaluating and assessing new potential target areas. It is expected that this field experience, in conjunction with SGS Geostat’s newly developed award winning targeting methodology, will result in the expansion of known mineralized zones and the identification of new ones.
Connect with Algold Resources Ltd. (TSXV:ALG) to receive an Investor Presentation.