43-101 Resources Feb 2018
  • 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

Table 1: Tijirit Resources - Base Case

ZoneClassificationAu
(g/t)
Tonnage
(t)
Ounces
(Au)
EleonoreIndicated4.08719,00094,250
EleonoreInferred4.07 3,016,000  394,690


ZoneClassificationAu
(g/t)
Tonnage
(t)
Ounces
(Au)
Sophie/LilyMeasured0.98376,000 11,900
Sophie/LilyIndicated0.93 2,122,000  63,300
Total Sophie/LilyMeasured + Indicated0.942,498,000  75,200
Sophie/LilyInferred1.06 7,476,000 254,100


ZoneClassificationAu
(g/t)
Tonnage
(t)
Ounces
(Au)
Total Sophie/Lily/EleonoreMeasured0.98376,00011,900
Total Sophie/Lily/EleonoreIndicated1.722,841,000157,550
Total Sophie/Lily/EleonoreMeasured + Indicated1.643,217,000169,450
Total Sophie/Lily/EleonoreInferred1.9210,492,000 648,790
  1. Effective dates for Eleonore and Sophie/Lily resources are January 19, 2018.                               
  2. The independent QP for this resources estimate is Yann Camus, Eng., SGS Canada Inc.               
  3. The mineral resources are presented at a 0.4 g/t Au cut-off grade in pits and 1.7 g/t Au cut-off grade under the pits, except Eleonore at a global cut-off 1.5 g/t Au.
  4. The resources are presented without dilution.                                                                           
  5. Whittle pits have been utilized based on a gold value of US$1,500/oz.                                      
  6. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This disclosure does not include economic analysis of the mineral resources.
  7. Totals may not add up due to rounding.                                                                                      
  8. No economic evaluation of the resources has been produced.                                                   
  9. This Resource Estimate has been prepared in accordance with CIM definition (2014).               
  10. Density used is between 2.0 and 3.0 depending on rock type and alteration based on measurements.
  11. Capping varies from 3.5 g/t Au (Lily) to 45 g/t Au (Eleonore) depending on extreme local grade.

The overall high-grade nature of the Eleonore deposit allows for various cut-off grade parameters to be applied, thus allowing Algold to choose between various potential mining scenarios as future drilling provides better definition of width, depth and strike extension.

Table 2: Tijirit Sensitivity Analysis (Mineral resources presented at various COGs - for comparison purposes only - without pit constraint.) 
Eleonore

ZoneCOG
(g/t Au)
ClassificationAu
(g/t)
Tonnage
(t)
Ounces
(Au)
Eleonore1.5Indicated4.08719,00094,250
Eleonore1.5Inferred4.073,016,000394,690
Eleonore2.0Indicated4.88535,00084,010
Eleonore2.0Inferred5.122,089,000343,490

Sophie & Lily

ZoneCOG
(g/t Au)
ClassificationAu
(g/t)
Tonnage
(t)
Ounces
(Au)
Sophie/Lily1.5Measured + Indicated2.24311,00022,410
Sophie/Lily1.5Inferred2.261,551,000112,820
Sophie/Lily2.0Measured + Indicated2.74158,00013,890
Sophie/Lily2.0Inferred2.97682,00065,100

Refer to base case table for assumptions. Detailed tables for separate measured and indicated resources are presented in the full NI 43-101 report.

Table 3: Eleonore Zone Sensitivity Analysis - Various Cut-off Grades (within 0.4 g/t Au Whittle pit constraint) 

COG (In Pit)
Au (g/t)
COG
(Under Pit)
Au (g/t)
Class NameAu
(g/t)
Tonnage
(t)
Ounces
(Au)
Comments
0.41.7Indicated2.481,414,000112,900 COG different in pit and under pit
0.41.7Inferred2.665,349,000457,500
0.61.7Indicated2.771,237,000110,090
0.61.7Inferred2.924,768,000448,130
1.01.7Indicated3.45921,000102,200
1.01.7Inferred3.493,773,000422,900

The database contains 718 drill holes (DDH and RC) and 265 trenches with 76,297 assay results. (Details are provided in the table below.)

Hole TypesNumber of
Drill Holes
Total Length (m)Number of
Assays
Sum of Assayed
Length (m)
DDH9114,70410,27610,706
RC62780,54958,67580,337
Trenches26517,0907,34611,524
Total983112,34376,297102,567

 

Maiden Resource - Sophie 1-2-3 & Lily
Maiden Resource - Eleonore