Licences Overview
  • M+I Resources of 169,450 oz @ 1.64 g/t Au
  • Inferred Resources of 648,790 oz @ 1.92 g/t Au.

Including

  • Eleonore at 1.5 g/t cut off
    • Indicated Resources of 94,250 @ 4.08 g/t Au
    • Inferred Resources of 394,690 oz @ 4.07 g/t Au
  • Sophie and Lily at 0.4 g/t in pit and 1.7 g/t under pit cut off
    • M+I Resources of 75,200 @0.94 g/t Au
    • Inferred Resources of 254,100 @1.06 g/t Au
Tijirit 2480C2 Exploitation License
  • Tirex own100% of Tijirit 2480C2
  • Algold own 85% of Tirex
  • The government of Mauritania own15 %.
Tijirit East 1117B2 Exploration License
  • Algold own 100% of Tijirit East 1117B2
Kneivissat 1077B2 Exploration License
  • Société Mauritanienne d’Exploration (“SME”) owns 100% of the property.
  • Algold owns 90% of SME.

Property Overview

  • Australian, Brazilian, Canadian, Russian and South African Greenstone Belts host numerous gold and base metal deposits (>150M oz Au in the Abitibi belt).
  • In Mauritania, only one deposit (Tasiast >15M oz Au) has been discovered so far in the Aouéouat Greenstone Belt.

Proximity to the Tasiast Mine

The Kneivissat property is situated in close proximity to a major structure hosting the Tasiast mine of Kinross :


  • 2015 GOLD EQUIVALENT PRODUCTION – 219,045 oz.

  • 2015 PROVEN & PROBABLE RESERVES – 8.2 M oz. @ 1.93 g/t Au

  • 2015 MEASURED & INDICATED – 3.2 M oz. @ 1.33 g/t Au