Algold infill drilling substantiates continuity of high grade mineralisation at Eleonore

Results further corroborate the continuity of the mineralised structure, which now extends to a vertical depth of up to 180 m, as well as the high-grade nature of the Eleonore zone.

Highlights

• T18RC042 (Eleonore Central) – 7.37 g/t Au over 14 m, including 19.43 g/t Au over 5 m on section 9105, 25 meters southwest of section 9130 on which reverse-circulation (RC) holes T16RC032 intersected 9.31 g/t Au over 6 m.
• T18RC041 (Eleonore Central) – 1.86 g/t Au over 44 m, which represent the widest gold intercept in the Eleonore Zone to present, including 9.92 g/t Au over 5 m.
• T18DD001 (Eleonore Central) – 6.21 g/t Au over 7.36 m, including 16.82 g/t Au over 2.5 m.
• T18RC046 (Eleonore Central) – 3.16 g/t Au over 2 m at 179 m vertical depth, which represents the deepest mineralised intersection recorded at Eleonore Central to date.

The results from Eleonore Central further validate the continuity of multiple mineralised structures, the associated gold-bearing quartz veins propagating along regional structures and the associated splays, all of which were previously identified. Latest results also demonstrate that the strike extension of the high-grade gold mineralised structure now extends more than 180 vertical m.

“The Phase IV drilling programme was designed to upgrade a significant portion of Eleonore inferred resources to the indicated and measured categories,” said Algold Executive Vice-President, Exploration Francois Auclair. “The assay results received to date have not only exceeded our expectations, but should result in the addition of significantly more gold ounces to the project.”

The Phase IV 10 000-m RC and 5000-m diamond-drill (DDH) drilling programme was initiated on 7 May 2018 with the objective to convert Inferred Resources to the Indicated and Measured categories, using 40x40 and 40x80 m grids. As of 17 June 2018, 2157 m of DDH drilling and 5682 m of RC drilling had been completed.

As of 18 June 2018, 2626 samples from the Phase IV drilling programme had been sent for analysis to the SGS lab facility in Bamako, Mali. Only partial results are presented in this press release, representing approximately 50% of the total number of drill samples sent to the SGS Bamako lab facility in May and June 2018. Assay results from deeper intersections are still pending with results expected in the coming weeks.

For full assay result highlights, click here.

Read the article online at: https://www.globalminingreview.com/exploration-development/22062018/algold-infill-drilling-substantiates-continuity-of-high-grade-mineralisation-at-eleonore/