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The new permits
Stellar and ONYHM (the Moroccan Office Nationale des Hydrocarbures et des Mines), have signed a
Tichka Est Permits Map
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The four new permits are within an agreed area of mutual interest prescribed in the original
Stellar director Yassine Belkabir of
Exploration to begin immediately
With the addition of these four permits to the
About the
Previously, an extensive follow-up reconnaissance and upstream prospection of stream sediments gold anomalies previously identified by ONHYM led Stellar to outlining two gold bearing structures. Two surface hand tool trenching programs (see news releases
Summary of Results of first trenching program:
The Zone A structure consists of a steeply dipping NNW-SSE striking shear zone that was traced on surface for about 500 meters along strike. The shear zone is strongly brecciated and is injected with quartz carbonate (Ankerite) veins and swarms of veinlets running near and parallel to the intrusive contact with a micro-granitic porphyry dyke. It is mineralized with disseminated and locally semi-massive pockets of pyrite and arseno-pyrite.
The Zone B structure is located approximately 3.0 km north of the village of Analghi. The trenches across Zone B exposed a wide brecciated fault zone running ENE-WSW in a highly deformed, altered and fractured sedimentary sequence more precisely at the contact of a greenish schist of volcanic origin to the North and of a greyish siltstone to the south. The wide sheared structure is also injected with gold mineralized quartz-carbonate veins and veinlets containing disseminated and locally semi-massive pockets of pyrite and arseno-pyrite.
The initial trenching of the B and A gold structures reported numerous mineralized intersections with grades as high as3.36 g/t Auover10.0 metersincluding an interval of8.73 g/t Auover3.0 metersin Zone A, and4.55 g/t Auover15 metersincluding an internalof7.47 g/t Auover6.0 metersin Zone B. These surface results greatly justified the positioning of new infill and extension trenches.
Summary of Results of second trenching program:
Stellar successfully completed a second 10-trench surface sampling program extending the mineralized strike of both the zone B and A gold structures and yielding intervals in Zone B as high as3.40 g/t Auover20 metresincluding intervals of5.23 g/t Auover11 metresand8.14 g/t Auover5 metresin trench 7B,4.64 g/t Auover14 metresincluding11.16 g/t Auover5metresin trench 9B, and3.4 g/t Auover17 metresincluding9.55 g/t Auover4 metresin trench 6B.
The highest assay results in Zone A were1.85 g/t Auover8.0 metresincluding3.55 g/t Auover3 metresin trench T5A and2.70 g/t Auover5 metresincluding3.71 g/t Auover3 metresin trench T6A.
The Zone B structure has been mapped at surface for a strike length of over two kilometres of which 750 metres have been trenched and channel sampled. The zone A structure has been mapped for over 500 metres along strike of which 450 metres have been trenched and channel sampled.
Trench Locations Zone A and B
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About
The Company maintains offices in
Stellar’s principal exploration project is its gold discovery at the
The technical content of this press release has been reviewed and approved by M. Yassine BelkabirMScDIC, CEng, MIMMM, a Stellar director anda Qualified Person as defined in NI 43-101.
Stellar’s President
Additional information is available on the Company’s website atwww.stellarafricagold.com.
On Behalf of the Board
President & CEO
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. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. 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 remaining conditions to the Arrangement will not be satisfied; 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
Neither the
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