Algold Resources Assay Results: 57.2 g/t Gold from Legouessi

Algold Resources Ltd. (TSXV:ALG) reported assay results including 57.2 g/t gold in rock chips and values of up to 7.3 g/t gold over two metres from its Legouessi property in Mauritania. Results have indicated that the gold mineralized system is present in numerous zones between Caracal holes NL03 and NL08 and has a northeasterly lateral extension of a minimum of 600 metres.

Previous results from rock chip samples included 29.50 G/t Gold, 19.4 G/t Gold and 9.96 G/t Gold.

As quoted in the press release:

ALGOLD RESOURCES LTD. (TSXV: ALG) (the “Corporation”) today announced the final results from the fourth quarter 2014 exploration program at its Legouessi property in Mauritania. Numerous quartz veins were transected in the trenches, which are situated between the NL and SL prospects. Results include gold values of up to 57.2 g/t Au in rock chips and values of up to 7.3 g/t Au over two metres from samples taken at the base of trench TR02 some 400 metres to the northeast in the extension of the main mineralized zone of NL (reference: Algold’s press release dated January 27, 2015). The results indicate that the gold mineralized system at NL is present in numerous zones between Caracal holes NL03 and NL08 and has a northeasterly lateral extension of a minimum of 600 metres.

Further, the continuous success of Algold to identified gold and to a lesser extent base metals (Cu, Zn, Pb) mineralised veins throughout the 15 kilometres strike between the NL and SL prospects illustrate the exceptional potential of this trend, which is characterised by a prominent northwesterly structure which conjugate at NL with a northeasterly structure.

The infill rock chip sampling and trenching program consisted of a total of 3,460 metres of trenching, from which 1,132 composite two-metre channel samples were collected at the base of the trenches. The Corporation sent 963 samples for gold analysis and 169 samples were analysed for gold and 36 elements (ALS ICP-41). Partial results from the 170 rock chip sampling and infill soil geochemical program were released on January 27, 2015. All assays results will be available on Algold website.

Click here to read the Algold Resources Ltd. (TSXV:ALG) press release