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Monday, November 28, 2016 Derek Macpherson

ALG Continues to Intersect High Grades at Eleonore

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Algold Resources Ltd. (TSXV: ALG) announced additional drill results as part of its Phase II 10,000m program at its Tijirit project in Mauritania. These results are primarily from the North, Central and South areas of the higher grade Eleonore zone and indicate that those areas remain open in all directions. Like the initial results we discussed in a previous post, we view today’s results favorably as they appear to continue to suggest that the project has the potential for significant resource growth. We expect further drill results from the Phase II program to support our view that a larger resource is probable, which is likely to backfill the current premium valuation and provide investors with some upside potential.  read more


Thursday, November 03, 2016 Derek Macpherson

ALG Continues to Extend Eleonore

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Algold Resources Ltd. (TSXV: ALG) announced the first set of drill results from its Phase II 10,000m program at its Tijirit project in Mauritania. We view these initial results favorably as they appear to have extended Eleonore to 3.4km (was 3.1km) and in our view continues to suggest that meaningful resource growth is likely from this higher grade zone. We expect further results from the ongoing Phase II program to support our view that a larger resource is likely, which may backfill the stock’s current premium valuation and provide investors with some upside potential.  read more


Thursday, October 06, 2016 Derek Macpherson

ALG Releases Another Strong Set of Drill Results

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Algold Resources Ltd. (TSXV: ALG) announced the final set of drill results from its recently completed 10,000m program at its Tijirit project in Mauritania. Results from Eleonore continue to highlight its potential as a higher-grade gold target. In our view the results from Phase I along with the planned Phase II program should significantly increase the existing resource with an update expected in late 2016 or early 2017. We expect the Phase II drill results and updated resource to support Algold’s current valuation relative to peers.  read more


Wednesday, September 14, 2016 Derek Macpherson

More High-Grade Results from ALG's Eleonore Zone

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Algold Resources Ltd. (TSXV: ALG) announced additional high-grade drill results from the higher-grade Eleonore zone at its Tijirt Property in Mauritania. Results were highlighted by 39.85 g/t Au over 6 m (T16RC071) which included 2m at 112 g/t Au. These results continue to suggest that the Eleonore zone is a higher-grade target, and has three distinct zones. In our view, this 3.1km, higher-grade zone which only made up ~9.5% of the overall resource is likely to be the main driver of resource growth with the pending update. We expect the pending resource update to support Algold’s current valuation while being a positive catalyst for the share price as the next leg of exploration success is priced in.  read more


Thursday, September 08, 2016 Derek Macpherson

ALG's Drill Results Suggests Resource Growth Likely

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Algold Resources Ltd. (TSXV: ALG) has announced additional drill results from its Phase I 10km drilling campaign at its Tijirt Property in Mauritania. Results were highlighted by 30.03 g/t Au over 3 m (T16RC070) and 6.64 g/t Au over 5 m (T16RC045) and highlight the strike extent of the Eleonore target (over 3.1km) and the higher grade nature of this target. These results continue to highlight that resource growth is likely and that ongoing exploration success is likely to result in a larger resource than suggested by the current share price, providing upside potential for investors. read more


Tuesday, August 16, 2016 Derek Macpherson

Algold’s Eleonore Delivers on High-Grade Potential

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Algold Resources Ltd. (TSXV: ALG) has announced ~25% of results from its Phase I 10,000 m drilling campaign at its Tijirit Property in Mauritania. Results were highlighted by 9.64 g/t Au over 6 m (T16RC031) and 16.4 g/t Au over 6 m (T16RC027) supporting the company’s belief in a potential high-grade gold deposit. These results support our view that the maiden resource, which appears to have disappointed some investors, from Algold’s Tijirit project in Mauritania, is just the beginning. In our view, ongoing exploration success is likely to result in a larger resource than suggested by the current share price, providing upside potential for investors.
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Monday, June 27, 2016 Derek Macpherson

Algold Surface Results Good, Market likely Waiting on Drill Results

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Algold Resources Ltd (TSXV:ALG) released additional results from its ongoing surface sampling program at its Tijirit property in Mauritania. The results were positive but not game changing. However, the results are a teaser to the pending drill results that we expect to build on the recently released resource. While the stock has underperformed (down 13%) since the maiden resource, we expect the trend to be reversed when drill results are released. read more


Wednesday, June 22, 2016 Derek Macpherson

Algold’s Maiden Resource at Tijirit is only the Beginning

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Algold Resources Ltd (TSXV:ALG) released the maiden resource of 270,490 oz Au (M&I+I) from its Tijirit Property in Mauritania. While the resource is on the smaller side, it features decent grade for a near-surface deposit and is only based on historic work. In our view, the market may have overreacted to the news (stock down 9.2%) as the deposits have room to grow, potentially providing an attractive entry point ahead of drill results from the 10,000m program planned for 2016. read more


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