Algold Files Maiden Mineral Resource Estimate For Its Tijirit Gold Project In Mauritania

Algold Resources Ltd. (TSXV:ALG) has filed a technical report, prepared in accordance with National Instrument 43-101, for its Tijirit gold deposit in Mauritania.
The Report supports the disclosure made by the Company in its news release issued on June 21, 2016 entitled “Algold to File Maiden Mineral Resource Estimate for its Tijirit Gold Project in Mauritania”. There are no material differences between the mineral resources contained in the Report and those disclosed in the Corporation’s news release dated June 21, 2016.
The Report dated August 4, 2016 is entitled “Tijirit Property NI 43-101 Technical Report with Resource Estimate, Tijirit, Mauritania”, and was prepared by independent “Qualified Persons” (as defined in NI 43-101) under the direction of Yann Camus, P.Eng., SGS Geostat, Blainville, Canada. The Report is available for review on both SEDAR (www.sedar.com) and on the Corporation’s website (www.algold.com).
The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Andre Ciesielski, P.Geo., D.Sc., Lead Consulting Geologist, and Alastair Gallaugher, C.Geo. (Chartered Geologist and Fellow of the Geological Society of London), BSc. Geology, Algold’s Exploration Manager in Mauritania, both Qualified Persons as defined by NI 43-101 Standards of Disclosure for Mineral Projects.
The resource estimate, based on data available as of June 15 th, 2016, and finalised on June 20 th, was prepared using results from 294 reverse circulation (“RC”) holes totalling 37,533 meters, 23 diamond drill (“DDH”) holes totalling 3,813.08 meters and 16,239 meters of trenching carried out on the property by past operators Shield Mining and Gryphon Minerals from 2009 to 2012.
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