Algold Resources Ltd. announced the results from the first 28 drill holes carried out at the high-grade Salma Vein System located at the Corporation's Tijirit Project in Mauritania. The Salma Vein System, discovered in mid-2017, extends over a 10-kilometer strike and is located only five kilometers northeast of the Eleonore zone within the prospective granite-greenstone contact zone. The 2,634-meter reverse-circulation drilling program, completed in February 2018, targeted surface mineralization identified during rock chip panel and channel sampling that was conducted last year. Fifteen drill fences were widely spaced over the structure with two holes drilled on the majority of sections to test down dip continuity. Hole T18RC015 intersected high-grade mineralization associated with a pyrite-bearing quartz vein in granitoid host between 88-90 meters. This hole targeted mineralization seen at surface with panel sampling returning 25.8 g/t Au and mineralized channel sampling 70 meters north and 100 meters south returning 2.35 g/t Au over one meter in T17TRS39 and 3.57 g/t Au over 0.65 meters in T17TRS43. Hole T18RC004 intersected a quartz, pyrite and biotite rich shear zone (similar to Eleonore) between 51-55 meters within a mafic volcanic package. The hole was designed to test the surface channel sampling and rock-chip result of 5.16 g/t Au situated above the drill fence. Hole T18RC006, 730 meters northeast of T18RC004, intersected three quartz-biotite rich shear zones between 58-68 meters. The hole was drilled beneath channel T17TRS02A, which intersected 5.0 g/t Au over 2.4 meters. Hole T18RC020 intersected an oxidized quartz vein between 43-46-meters at the northern end of the Salma Vein. This hole was drilled beneath channel T17TRS21, which returned 2.46 g/t Au over 1.5 meters. Following the discovery of the Salma Vein in May 2017, Algold successfully completed a limited drilling program. All 28 of the holes drilled intersected anomalous mineralization (>0.1 g/t Au), and seven of the 28 holes intersected >1 g/t Au mineralization. This first-pass drilling program established the validity of the target and confirmed the ability to prospect the zone effectively. Results will be used to help determine where to focus future exploration and resource development on the Tijirit Mining Licence, complementing the successful resource drilling at Eleonore, Lily and Sophie. Several targets remain untested throughout the ten-kilometer-long corridor. Algold has identified another 15 mineralized zones that have yet to be tested by drilling at Eleonore East alone. Drilling and trench results from the Salma and the Eleonore East zone (formerly known as the Pressure Shadow zone) have not yet been included in Algold's resource estimates. Algold has changed the name of the Pressure Shadow target to Eleonore East. The area lies along strike to the south of the Salma Vein, but unlike Salma the mineralization predominantly occurs in the mafic volcanic suite. Being structurally and mineralogically similar to Eleonore, Eleonore East was deemed a more appropriate name. Fieldwork is currently underway at the Eleonore Zone where mechanical trenching is being used to better define surface mineralization and structural information. Algold looks forward to providing shareholders with an update in this regard in the near future.