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Salma-Eleonore East sees high-grade drill results

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Global Mining Review,

Algold Resources Ltd. has announced preliminary assay results from drilling carried out in July and August, 2018 on the high-grade Salma-Eleonore East Vein System (SVS or Salma) located at the Corporation’s Tijirit project in Mauritania.

The SVS, discovered in mid-2017 extends over a 10 km northerly corridor. SVS’s southern tip, labelled Eleonore East, is located only 2.4 km east of the Eleonore zone, within the prospective granite-greenstone contact zone.

“The latest assay results exceed expectations, indicating a wide zone of shallow, economic gold mineralisation, adding to the higher-grade intervals described in our previous press release,” said Algold Executive Vice President, Exploration, Francois Auclair.

“These near-surface assay results continue to demonstrate the high prospectivity of the project, further validating the potential to add high-grade ounces and grow Tijirit’s resource base.”

Drilling conducted at Salma – Eleonore East in July and August, as part of the Phase IV 25 000 m drilling programme, consisted of 42 reverse-circulation (RC) holes (11 of which were pre-collar) totalling 3829 m and 17 diamond drill (DDH) holes totalling 1774 m. The drilling targeted mineralisation identified from rock chip panel and channel sampling and RC drilling conducted in February and March of 2018 on 15 fences, widely spaced over SVS’s entire 10 km strike corridor.

To date, Algold has identified four large mineralised zones at Tijirit, namely Eleonore, Lily, Sophie and SVS, all of which are in close proximity to each other.

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