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Salma Vein System drilling results show high grade ounces

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Global Mining Review,

Algold Resources Ltd. has announced the results from the first 28 drill holes carried out at the high grade Salma Vein System located at the company’s Tijirit project in Mauritania.

The Salma Vein System, discovered in mid-2017, extends over a 10 km strike and is located only 5 km northeast of the Eleonore zone within the prospective granite-greenstone contact zone.

“The drilling results continue to accentuate the high prospectivity of Salma and the potential to rapidly add high grade ounces and could eventually contribute to growing the resource base at the Tijirit project,” said Algold Executive Vice President, Exploration Francois Auclair. “Tijirit now contains four large mineralised zones including Eleonore, Lily, Sophie and Salma, all of which are in close proximity to each other.”

The 2634 m reverse circulation drilling programme, completed in February 2018, targeted surface mineralisation identified during rock chip panel and channel sampling that was conducted last year. 15 drill fences were widely spaced over the structure with two holes drilled on the majority of sections to test down dip continuity.

Hole T18RC015 intersected high grade mineralisation associated with a pyrite-bearing quartz vein in granitoid host between 88 - 90 m. This hole targeted mineralisation seen at surface with panel sampling returning 25.8 g/t Au and mineralised channel sampling 70 m north and 100 m south returning 2.35 g/t Au over 1 m in T17TRS39 and 3.57 g/t Au over 0.65 m in T17TRS43.

Hole T18RC004 intersected a quartz, pyrite and biotite rich shear zone (similar to Eleonore) between 51 - 55 m within a mafic volcanic package. The hole was designed to test the surface channel sampling and rock-chip result of 5.16 g/t Au situated above the drill fence.

Hole T18RC006, 730 m northeast of T18RC004, intersected three quartz-biotite rich shear zones between 58 - 68 m. The hole was drilled beneath channel T17TRS02A, which intersected 5.0 g/t Au over 2.4 m.

Hole T18RC020 intersected an oxidised quartz vein between 43 - 46 m at the northern end of the Salma Vein. This hole was drilled beneath channel T17TRS21, which returned 2.46 g/t Au over 1.5 m.

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