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The Zuénoula Gold Permit, Côte d’Ivoire
The Zuénoula permit was officially granted in the ministerial meeting held
The final 250,000 shares owed toTSX-V listedElemental Altus Royalties Corp.,which was contingent upon final granting of the permit, have been issued and will be released to Elemental Altus Royalties Corp. as soon as the final documentation for the permit grant is received. The permit is subject to a 1% Net Smelter Return Royalty and a final payment of
The Zuénoula Gold exploration permit, which covers a total of 395.8 square kilometers, is located in the margin between granitoids and the Birimian greenstone belt along a regional NE–SW trending shear zone. (See location map figure 1)The Zuénoula
The Zuénoula Gold permit is located in the centre of recent major gold discoveries in Côte d’Ivoire, including:
100 kilometers to the South-East theYaouré
Gold Mine operated by Perseus Mining Ltd. (TSX: PRU) commenced production in 2021.
150 kilometers to the North-East theLafigué
Gold Mine is under construction byEndeavour Mining Corporation (TSX: EDV) with production scheduled for Q3 2024 2024.
120 kilometers to South-West the
Abujar Gold Mine operated by Tietto Minerals Limited (ASX: TIE) commenced production in 2023.
100 kilometers to the North-West theéguéla
Gold Mine operated by Fortuna Silver Mines Inc. (TSX: FVI) commenced production inMay 2023 .
Zuénoula Location Map - Figure 1
Click Image To View Full Size
“I am pleased that Stellar’s persistence and patience have been rewarded, and that Côte d’Ivoire’s Authorities have officially awarded Stellar this exploration permit. Stellar is keen to pursueZuénoula’s exploration alongside exploration of our advancing
Tichka Est Update
Following a series of meetings, Stellar submitted an updated exploration budget and extended earn-in period to Morocco’sOffice National des Hydrocarbures et des Mines (ONHYM)pending approval.On
About
Stellar’s principal exploration project is its advancing gold discovery at the82 square kilometre
The technical content of this press release has been reviewed and approved by M. Yassine Belkabir, MScDIC, CEng, MIMMM, a Stellar director and a Qualified Personas defined in NI 43-101.
The Company is head officed in
Stellar’s President and CEO
Additional information is available on the Company’s website atwww.stellarafricagold.com.
On Behalf of the Board
President & Director
Neither the
Disclaimer & Forward-Looking Statements:
This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in
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