MONTREAL, Feb. 27, 2017 /CNW Telbec/ - ALGOLD
RESOURCES LTD. (TSXV: ALG – the "Corporation") is pleased to
announce that the Mauritanian Ministry of Environment and
Sustainable Development has provided a conclusive acceptance and
opinion regarding the Environmental Feasibility of the Tijirit Gold
Mine Project, a key step in Algold's strategy for 2017.
The acceptance and opinion, represents a significant first step
towards the application of a mining lease for Algold's Tijirit Gold
Project. Algold CEO Francois Auclair
commented, "We thank the Government of Mauritania for helping us quickly advance this
project, and look forward to additional collaboration in 2017."
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.
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.
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
INFORMATION
This news release contains and refers to
forward-looking information based on current expectations. All
other statements other than statements of historical fact included
in this release are forward looking statements (or forward-looking
information). The Corporation's plans involve various estimates and
assumptions and its business is subject to various risks and
uncertainties. For more details on these estimates, assumptions,
risks and uncertainties, see the Corporation's most recent Annual
Information Form and most recent Management Discussion and Analysis
on file with the Canadian provincial securities regulatory
authorities on SEDAR at www.sedar.com. These forward looking
statements are made as of the date hereof and there can be no
assurance that such statements will prove to be accurate, such
statements are subject to significant risks and uncertainties, and
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements that are
included herein, except in accordance with applicable securities
laws.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release
SOURCE Algold Resources Ltd.