Posted in | Gold | Mining Business

Algold Resources Provides Exploration Program Update on Tijirit Property

ALGOLD RESOURCES LTD. (TSXV: ALG – the "Corporation") is pleased to update on its ongoing exploration program on its Tijirit Property in Mauritania.

The Company announced the filing of an Environmental Impact Study ("EIS") with the Ministry of Petroleum, Energy and Mines in respect to its Tijirit property, which is a first step towards obtaining a mining license in Mauritania. The report was prepared by AECOM (Montréal) in compliance with all standards and guidelines of Mauritanian laws and regulations.

Additionally, Algold is pleased to announce that a Phase III drilling program, consisting of a minimum of 20,000 meters of drilling, has commenced at Tijirit's Eleonore Zone. This objective of the Phase III drilling program is to further delineate the high-grade gold deposit.

Due to delays in obtaining assay results, Algold now expects to finalize and file an updated NI 43-101 for the Tijirit Property in the coming weeks.

This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by André Ciesielski, DSc., PGeo., Algold Resources Ltd Lead Consulting Geologist and Qualified Person, as defined by NI 43−101 Standards of Disclosure for Mineral Projects. André Ciesielski has further approved the scientific and technical disclosure in the news release.

Source: http://algold.com/

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