Algold Resources Ltd. announced results from the fourth quarter 2014 exploration program at its Legouessi property in Mauritania. Results from the rock-chip sampling program generated very promising results with values including 29.5 g//t Au, 19.4 g/t Au and 9.966 g/t Au in quartz veins. In the later part of 2014 to follow-up on noteworthy results from exploration completed during the first half of the year, a large rock-chip sampling program (170 samples) and orientation soil geochemical surveys were undertaken over targeted areas of the Legouessi property.

A total of 170 rock chip samples were collected and sent for analysis with results from the Legouessi NL Prospect indicating high grade gold and anomalous to sub-economic copper, zinc and lead values (29.5 g/t Au, 0.28% Cu aand 0.85% Znn). The quartz veins represent a large stock work system with multiple grayish white and sacharoidd type quartz vein in decimeter to metric vein, situated within a volcano-sedimentary package including mafic to ultramafic flow, intermediate volcanic, lapilli tuff, and epiclastic type greywacke. 2.5 kilometers southwest, within a similar geological environment, glassy and saccharoid quartz veins revealed sub economic zinc (Zn) and lead (Pb) mineralization with values up to 0.855% Zn and 0.97% Pb and 0.118% Cu that displayed malachite staining.

The results tend to confirm the important nature of the quartz stockwork polymetallic (AAu, Ag, Cu, Znn, Pb) mineralization, that appear to extend over a full 15 km of strike between the SL and the NL prospects. The NL Prospect presents greater gold enrichment, with 9 samples returning values greater than 1 gg/t Au, while the SL Prospect presents greater copper enrichment, with 15 samples returning values greater than 0.1% Cu. Additionally, on the NL Prospect, silver and lead are intimately associated, while gold is found in almost every type of mineralization.

The Legouessi property is currently managed through a 51% earn-in interest agreement with Caracal Gold (Electrum Group Companies). Algold can earn up to a 90% interest in the Legouessi exploration permit however, Caracal has the right to participate in the joint venture at either 51% or 75% by funding its share of expenditures. The property is easily accessible by paved roads from the capital of Mauritania, Nouakchott, and is situated in the northwestern part of the country, adjoining the world class Tasiast Gold Deposit.