Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (16978)	4/6/2016 8:22:01 AM
From: Goose94	Read Replies (2) \| Respond to of 203666

Algold Res. (ALG-V) Announces Drilling Campaign on its New Highly Prospective Tijirit Property in Mauritania April 6, '16 - NR Algold Resources announced that a 10 000 metres reverse-circulation ("RC") drilling program on its newly acquired Tijirit property ("Tijirit") in Mauritania is scheduled to commence in the coming weeks. Tijirit covers an area of more than 1,100 km2 and is situated approximately 25 kilometers south of the Tasiast gold mine. Since entering into the Option Agreement with Gryphon in the fall of 2015, and exercising the Option in March 2016, Algold initiated a thorough review of all of the geological data that was available on Tijirit, which encompassed more than 35,000 meters of RC and 3,500 meters of core drilling. This review enabled the conceptualization of a series of gold wire frames over the Eleanor, Sophie and Lily prospects that will serve as the basis for planning the exploration program and completing a compliant NI 43-101 resource estimation. This will produce the maiden resource estimation for this project to be included in a NI 43-101 Technical Report. Algold expects the work to be completed in Q2 2016. The Corporation expects to file an amended NI 43-101 Technical Report in the latter part of this year to incorporate the results from the planned drilling campaign. Algold's geological team is working in close collaboration with SGS Geostat to finalize the exploration program using SGS Geostat's newly developed, award winning targeting methodology. The process utilizes a combination of machine learning and traditional geological methods to drive data into an expansive and unbiased block model and optimize drilling to discover new mineralized bodies. Drilling on the property will be carried out by Capital Drilling, a well-established company with a fleet of over 90 diamond, RC, grade control, blast hole, air core and multi-purpose rigs. Capital Drilling is familiar with the area as it is responsible for a significant portion of the drilling carried out on the adjacent Kinross Tasiast property. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by Andre Ciesielski, DSc, PGeo, Algold Resources Ltd. Lead Consulting Geologist and Qualified Person. ABOUT ALGOLD Algold Resources Ltd is focused on the exploration and development of gold deposits in West Africa. The board of directors and management team are seasoned resource industry professionals with extensive experience in the exploration and development of world-class gold projects in Africa. Algold is the operator of all of its exploration licenses in Mauritania. Algold owns 100% of the Tijirit and Akjout properties, which were acquired from Gryphon Minerals (Australia) through a transaction completed earlier in 2016. Algold owns 90% of the Kneivissat property, while and the Legouessi property is being managed through a 51% earn-in interest agreement with Caracal (Electrum Group Companies). Algold can earn up to a 90% interest in the Legouessi exploration permit (see October 10, 2013 press release for more details), however, Caracal has the right to participate in the joint venture at either 51% or 75%, by funding its share of expenditures. For further information, please contact: Algold Resources Limited. 1320, boul. Graham, bureau 132, Mont-Royal, Quebec, H3P 3C8, www.algold.com Francois Auclair PGeo, M.Sc. Yves Grou, CPA CA President & CEO Executive Vice Chairman f.auclair@algold.com y.grou@algold.com +1 (514) 889 5089 +1 (514) 237 7757