Algold to File Maiden Mineral Resource Estimate for its Tijirit Gold Project in Mauritania

Algold Resources Ltd. (TSXV:ALG) announced the first mineral resource estimate in accordance with the Canadian Securities Administrators’ National Instrument 43-101 for its recently acquired Tijirit Property in Mauritania. The 100%-owned Tijirit project, which encompasses an area of more than 1,000 km², is situated approximately 25 kilometers southeast of Kinross’ Tasiast gold mine.
As quoted in the press release:

Highlights
This report summarizes results obtained by previous operators and present the current mineral resources.

• Measured and indicated resources of 28,930 ounces at a grade of 1.75 g/t Au and inferred resources of 241,560 ounces at a grade of 1.71 g/t Au at a cut-off grade of 1.0 g/t Au
• Measured and indicated resources of 27,630 ounces at a grade of 1.82 g/t Au and inferred resources of 226,650 ounces at a grade of 1.79 g/t Au at a cut-off grade of 1.05 g/t Au
• Resources by zone are shown in the following tables, at cut-off grades of 1.00 g/t Au and 1.05 g/t Au. Figure 1 show the Wire Frame over the mineralised zones on a Landsat Imagery of Tijirit.

Algold President and CEO, Francois Auclair, stated:

For quite some time Algold has believed in Tijirit’s potential, and we are pleased to report that recent geological work has significantly enhanced our comprehension of its gold mineralisation and further increased our confidence that a significant gold deposit may be uncovered on the property.

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