Stellar AfricaGold Inc.
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Stellar AfricaGold - District-Scale Soil Sampling Defines First Gold Exploration Target At Zuenoula, Cote D'ivoire
Thenewswire· 2026-02-04 12:00
Core Insights - Stellar AfricaGold Inc. has provided an update on the exploration progress at the Zuénoula Gold Project in Côte d'Ivoire, highlighting the establishment of a significant gold exploration target through district-scale soil sampling [2][3]. Exploration Progress - A 1 km by 1 km soil sampling has defined the first gold exploration target on the Zuénoula project [2]. - Initial sampling has identified a gold anomalous cluster within a NE-trending magnetic feature, indicating potential mineralization [4][5]. - Field sampling commenced on January 10, 2026, with 200 out of the planned 320 soil samples collected and 124 assayed [5][35]. - A second sampling crew is being mobilized to enhance sampling capacity [2][3]. Joint Venture Details - The Zuénoula Gold Project is a joint venture between Stellar's Ivorian subsidiary Aucrest SARL and MetalsGrove Mining Ltd, with MetalsGrove able to earn up to a 50% interest by incurring US$3 million in exploration expenditures and up to 80% by spending US$6 million [3][19]. - The project covers an area of 395.78 square kilometers and is strategically located along the Abujar–Napie gold trend within the Oumé–Fetekro Birimian greenstone belt [30]. Management Commentary - Stellar's President and CEO expressed satisfaction with the rapid commencement of exploration and early indications of gold in soil sampling [3]. - MetalsGrove's CEO highlighted the efficiency of the PortablePPB assay technology, which has expedited the analysis process [3]. Geological Context - The Zuénoula permit is situated in a region with favorable geological characteristics, including mixed volcanic and metasediment lithological sequences, which are strong indicators of gold discovery potential [3][30]. - The area is part of the world's largest Proterozoic gold-producing region, with Côte d'Ivoire containing 35% of the Birimian Group rocks that host multiple multi-million-ounce gold deposits [30].
Stellar AfricaGold Intersects Multiple Gold-Bearing Zones and Confirms Structural Controls at Tichka Est, Morocco - Drilling Resumed on January 30, 2026
Thenewswire· 2026-02-03 14:50
Core Insights - Stellar AfricaGold Inc. has reported additional assay results and an updated geological interpretation from its diamond drilling program at the Tichka Est Gold Project in Morocco, confirming the presence of a structurally controlled orogenic gold system [1][2] Drilling Results - The ongoing drilling program has confirmed multiple gold-bearing zones, with significant intercepts including TCK_006 reporting 6.0m at 3.81g/t Au, indicating higher-grade mineralization within stacked horizons [7] - The company has recalculated composite gold intersections using a 0.20g/t Au cut-off, which reflects the continuity of mineralization observed [4][9] - Assay results for two completed drill holes are still pending, and drilling resumed on January 30, 2026, after a temporary interruption due to severe winter weather [3][6] Geological Interpretation - Gold mineralization is preferentially localized within fractured diorite sills and adjacent carbonate units affected by secondary shear structures, refining the exploration model [11][15] - The drilling results support a refined structural model, indicating that gold is concentrated in competent host rocks rather than within the main fault zones [17] Next Steps - The company plans to continue drilling to target extensions of known mineralization and additional near-surface targets identified through mapping and trenching [23] - Future drilling will evaluate structural repetitions and stacked mineralized horizons, as well as further explore metal anomalous zones identified in the surrounding area [24] Project Overview - The Tichka Est Gold Project covers an area of 82km² in the High Atlas region of Morocco, with the company able to earn an 85% interest after incurring exploration expenditures totaling US$2.39 million over three years [22] - Early-stage exploration has identified three gold-bearing zones, with significant potential for further discoveries [23]
Stellar Africagold Updates Drilling Activities at the Tichka Est Gold Project, Morocco
Thenewswire· 2026-01-07 12:00
Core Viewpoint - Stellar AfricaGold Inc. provides an update on the exploration and drilling program at the Tichka Est Gold Project in Morocco, highlighting progress and challenges due to adverse weather conditions [1][10]. Drilling Program Progress - A total of 8 diamond drill holes have been completed, amounting to 1,311.9 meters, with an average drilling rate of 11 meters per operating day [2]. - Drilling operations have been suspended since December 12, 2025, due to heavy rains and snow, which have impaired access to the project site [2][5]. - Five drill holes have been fully sampled and assayed, with significant gold-bearing intervals reported, including 13 meters of 6.12 g/t Au and 2 meters of 22.28 g/t Au [3]. - One drill hole is currently being analyzed at Afrilab, while cores from two additional drill holes are pending transport for analysis [3]. - Two final drill holes remain to be drilled to complete the planned 1,500 meters drill program [3]. Weather-Related Delays - The adverse weather conditions are unusual for the Tichka Est Gold Project, located at an elevation of 2,500 meters, and have led to degraded access roads, interrupting safe access for personnel and equipment [5][6]. - The Stellar field team is actively working to rehabilitate the road network, but progress has been hindered by ongoing weather issues [6]. Next Steps - The company plans to resume drilling as soon as weather conditions improve and access roads are rehabilitated [9]. - Integration of all drill assays and structural measurements will continue [9]. - The company will update lithological and alteration models and prioritize targets for the next drill campaign [18]. Company Overview - Stellar AfricaGold Inc. is a Canadian precious metal exploration company focused on projects in North and West Africa, with significant activities in Morocco and Côte d'Ivoire [15]. - The Tichka Est Gold Project covers an area of 82 km² and is located approximately 90 km south of Marrakech [11]. - The company can earn an 85% interest in the project after incurring exploration expenditures of US$2.39 million (C$3.5 million) over three years [11].
Stellar AfricaGold Signs Earn-In and Joint Venture Agreement to Advance Zuenoula Gold Project Cote D'ivoire
Thenewswire· 2025-12-09 13:25
Core Viewpoint - Stellar AfricaGold Inc. has entered into an Earn-in and Joint Venture Agreement with MetalsGrove Mining Ltd to advance the Zuénoula Gold Project in Côte d'Ivoire, which covers an area of 395.78 square kilometers [1]. Cash Payments - MetalsGrove will pay Stellar's subsidiary Aucrest US$50,000 upon execution of the agreement to secure exclusivity and initiate the joint arrangement [2]. - An additional payment of US$1,000,000 will be made once the Zuénoula Gold Project achieves a JORC compliant gold resource of 1,000,000 ounces, with at least 500,000 ounces in the Indicated category [2]. Management & Governance - A joint Management Committee will oversee the exploration, consisting of two representatives from each company [3]. - MetalsGrove will nominate the Chairman while it is sole funding exploration activities or holds a greater than 50% interest, with the Chairmanship rotating annually when both parties hold a 50% interest [3]. Operator and Exploration Expenditures - MetalsGrove will act as the Operator of the Zuénoula Gold Project while it is sole-funding exploration, receiving a fee of 5% of agreed Exploration Expenditures [4]. - MetalsGrove must incur a minimum of US$150,000 in Exploration Expenditures by April 16, 2026, and may incur an additional US$1,000,000 by July 16, 2027, to maintain its interest [4]. Earn-in Structure - To acquire a 50% vested interest in the JV, MetalsGrove must incur an additional US$2,000,000 in Exploration Expenditures by April 16, 2029 [5]. - If MetalsGrove withdraws before earning a 50% interest, it will retain no interest in the JV or the project [5]. Joint Venture Interests - Upon achieving a 50% vested interest, Aucrest can either co-fund exploration expenditures or allow MetalsGrove to increase its ownership to 80% by funding an additional US$3,000,000 [6]. - If either party ceases contributing to Exploration Expenditures, its interest will be diluted according to industry standards [7]. Pre-existing Arrangements - The Zuénoula Gold Project is subject to a pre-existing 1% Net Smelter Royalty in favor of Elemental Altus, which will remain a JV obligation [7]. CEO Commentary - The CEO expressed satisfaction with the partnership, highlighting that the agreement and the US$3 million in partner-funded exploration expenditures will de-risk the project while allowing Stellar to maintain exposure to potential upside in Côte d'Ivoire [9].
Stellar Africagold Updates Ongoing Exploration and Drilling Activities at the Tichka Est Gold Project, Morocco
Thenewswire· 2025-12-02 12:00
Drilling Program Progress - The drilling program at the Tichka Est Gold Project has completed 7 diamond drill holes totaling 1,218 meters, with an average drilling rate of 11 meters per day [4] - Minor delays were experienced due to wet weather, cementing of fractured zones, and mechanical issues [4] - Three drill holes have been fully assayed, with significant gold intersections reported, including 13 meters of 6.12 g/t Au and 2 meters of 22.28 g/t Au [4] - Three additional drill holes are currently being analyzed at an ISO-certified laboratory, and one drill hole is pending transport for analysis [4] - The current drilling program aims to complete a total of 1,500 meters [4] Geological Context - The drilling campaign targets Zone B, located at the intersection of two major fault systems, which is characterized by enhanced brittle deformation and hydrothermal fluid circulation [2] - This geological setting has localized gold-bearing quartz-carbonate-sulphide veins within fractured diorite sills [2][3] - Zone B is identified as a significant structural trap for gold mineralization due to its favorable geological conditions [3] Preliminary Observations - Field observations and core logging validate the drill targeting model, with visual identification of mineralization [7] - The geological rationale for continued drilling in Zone B is reinforced by these preliminary findings [7] Geological Interpretation and 3D Modelling - The company is updating its geological and structural model to incorporate new drilling data and historical datasets [7] - Structural interpretations suggest favorable settings for gold distribution, particularly where dioritic intrusions intersect ductile carbonate units [11] Next Steps - The company plans to integrate all drill assays and structural measurements, update lithological and alteration models, and prioritize targets for the next drilling campaign [17] - The CEO expressed optimism about the technical progress and the potential for expanding mineralized zones [12] About the Tichka Est Gold Project - The Tichka Est Gold Project covers an area of 82 km² in Morocco and is under an earn-in agreement allowing the company to earn an 85% interest after incurring exploration expenditures of US$2.39 million over three years [13] - Early-stage exploration has identified three gold-bearing zones, with additional metal anomalous zones warranting further exploration [14] Company Overview - Stellar AfricaGold Inc. is focused on precious metal exploration in North and West Africa, with active projects in Morocco and Côte d'Ivoire [16]
Stellar AfricaGold Inc. Closes $4 Million Private Placement
Thenewswire· 2025-11-06 19:15
Core Points - Stellar AfricaGold Inc. has successfully closed a non-brokered private placement, raising a total of $4 million through the issuance of 22,222,222 units at a price of C$0.18 per unit [1][2] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants allowing the purchase of additional shares at $0.28 for 36 months [2] - Proceeds from the offering will be used for exploration efforts at the Tichka Est Gold Project in Morocco and the Zuénoula gold property in Ivory Coast, as well as for general corporate purposes [3] Financial Details - The total gross proceeds from the offering amount to $4 million [2] - Finder's fees for the offering included $111,938.40 in cash, 557,725 units, and 64,155 non-transferable Finder's Warrants [5] - Two directors subscribed for a total of 677,545 units, generating gross proceeds of $121,958.10, classified as a related party transaction [6] Regulatory Information - All securities issued are subject to a statutory hold period of four months and one day, expiring on March 1, 2026 [4] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. without compliance with registration requirements [7] Company Overview - Stellar AfricaGold Inc. is focused on precious metals exploration in North and West Africa, with key projects in Morocco and Côte d'Ivoire [8] - The company is listed on the TSX Venture Exchange, Tradegate Exchange, and Frankfurt Stock Exchange [9] - The head office is located in Vancouver, BC, with a representative office in Casablanca, Morocco [10]
Stellar AfricaGold Inc Intersects Multiple Wide High-Grade Gold Zones including 13 meters of 6.12 g/t Au in First Drill Hole at Tichka Est; Drill Program Continues.
Thenewswire· 2025-10-02 11:00
Core Insights - Stellar AfricaGold Inc. has reported significant assay results from its first drill hole at the Tichka Est Gold Project, indicating a promising gold system with confirmed mineralization at depth [1][10]. Drilling Results - The first drill hole TCK-001 intersected 13 meters of 6.12 g/t Au, including 2 meters of 22.28 g/t Au, and 16 meters of 1.98 g/t Au, including 1 meter of 11.55 g/t Au [3][4]. - A total of 492.8 meters of diamond core has been drilled across three holes in Zone B, with drilling progress averaging approximately 10.5 meters per day [3][11]. Geological Model - The mineralization is primarily hosted in sub-horizontal diorite sills, confirming the continuity of favorable lithology [3][9]. - Two well-defined mineralized zones were identified: Diorite 1 (16 m of 1.98 g/t Au) and Diorite 2 (13 m of 6.12 g/t Au) [9]. Operational Update - Drilling operations faced challenges such as fractured zones and weather-related impacts, but core recoveries exceeded 99% [12][16]. - The company plans to continue its 1,500-meter diamond drill program to test lateral continuity and down-dip extensions of the mineralized zones [17]. Future Plans - Management expressed confidence in the potential of the Tichka Est Gold Project and plans to expand the drilling program to explore additional targets [13]. - Surface reconnaissance exploration will continue across the 82 km² permit area, focusing on other areas of interest [13][14].
Stellar AfricaGold - Structural Mapping Report Supports Expansion Potential at Tichka Est; Drill Campaign Progress Report
Thenewswire· 2025-09-10 21:00
Core Insights - Stellar AfricaGold Inc. has received a final report from Dr. David Selley confirming the exploration potential of Structure B at the Tichka Est Gold Project in Morocco [1][2]. Group 1: Report Findings - The Selley Report provides a comprehensive understanding of the gold potential of Structure B and outlines the regional potential of the Tichka Est Gold Project [2]. - Structure B is located at the intersection of the Tizgui Fault Zone and the Arg-Erdouz Fault Zone, creating a favorable structural setting for gold mineralization [3][4]. - Gold mineralization is associated with quartz-ankerite-arsenopyrite-bearing veins and is marked by deep red limonitic alteration [4]. Group 2: Drilling and Exploration Plans - The company plans to expand its drilling program based on the findings of the report, with three high-priority targets identified for the next phase of drilling [5]. - The identified targets include the junction of Structures B and C, the northern continuation of Structure B, and the junction between Structures A and B [5][6]. - The diamond drilling campaign is ongoing, with the third drill hole reaching a depth of 124 meters as of September 4, and operations are set to resume shortly [11][12]. Group 3: Project Overview - The Tichka Est Gold Project covers an area of 82 km² in the High Atlas region of Morocco, approximately 90 km south of Marrakech [13]. - The project is under an earn-in agreement with Morocco's National Office for Hydrocarbons and Mining, allowing the company to earn an 85% interest after incurring exploration expenditures of US$2.39 million (C$3.5 million) over three years [13]. - Early-stage exploration has identified three gold-bearing zones, with additional anomalous metal zones warranting further exploration [14].
Stellar AfricaGold Completes First Drill Hole at Tichka Est, Morocco, and Grants Performance Share Units
Thenewswire· 2025-08-26 22:35
Core Viewpoint - Stellar AfricaGold Inc. has successfully completed drill hole TCK-001 at the Tichka Est Gold Project in Morocco, confirming the geological model and anticipating assay results to validate gold potential [1][5]. Drill Program Details - Drill hole TCK-001 was completed to a total depth of 225 meters as part of a 1,500-meter summer diamond drill program at Zone B, covering an area of approximately one square kilometer within the 82 km² Tichka Est Gold Project [2]. - The drilling intersected multiple horizons of fractured diorite between depths of 82 meters and 176 meters, including significant intervals of diorite sill [4]. Geological Findings - Observations from drill hole TCK-001 indicate potential mineralization is predominantly vein-hosted and fracture-controlled, with subvertical quartz ± sulphide veins [4]. - The geological features observed are consistent with those reported in surface trenches where gold mineralization was previously identified [4]. Sample Preparation and Assays - All mineralized intervals from TCK-001 have been logged and marked for sampling, with the first batch of samples expected to be dispatched to Afrilab for assay results anticipated in September [3]. Performance Share Units Granted - The company granted 650,000 Performance Share Units (PSUs) to Dr. Paul Kitto, contingent upon achieving a total of 600,000 ounces of Inferred and Indicated gold resources [5][6]. - Each PSU allows the holder to acquire one common share of the company upon meeting specific performance conditions [6]. Project Overview - The Tichka Est Gold Project consists of seven permits covering an area of 82 km² located in the High Atlas region of Morocco, approximately 90 km south of Marrakech [9]. - Under an earn-in agreement, the company can earn an 85% interest after incurring exploration expenditures totaling US$2.39 million (C$3.5 million) over three years [9]. Exploration Progress - Early-stage exploration has identified three gold-bearing zones, with additional regional sampling revealing numerous anomalous metal zones warranting further investigation [11].
Stellar AfricaGold Confirms Summer Drill Program at Promising High-Grade Gold Target at Structure B Tichka Est, Morocco
Thenewswire· 2025-07-10 12:05
Core Viewpoint - Stellar Africagold Inc. has made significant progress at its Tichka Est Gold Project in Morocco, with recent field activities confirming priority drill targets and a summer drilling campaign set to commence [1][4]. Group 1: Drill Program Details - The company is initiating a 10-hole, 1,500-metre diamond drill program at Structure B, targeting four primary areas [2]. - Structure B is characterized by three mineralized horizons and at least two shear zones, with high-grade gold intersected in dioritic sills and intrusive dykes [2][6]. - The drilling program is expected to focus on NE-trending brittle structures and gently NE-dipping shear corridors, with the first drill campaign scheduled for July 2025 [6][8]. Group 2: Structural Interpretation - A detailed structural interpretation at Structure B has clarified the controls of gold mineralization, indicating that steeply W-dipping fractures and NE shears are significant [3]. - The analysis suggests that carbonate-sill contacts and dykes may host additional gold mineralization along the hinge of the anticline [3]. Group 3: Recent Sampling Results - Recent chip sampling yielded significant gold grades, including a notable 102 g/t Au from the Diorite Sill and other high-grade samples from Structures A and B [14]. - The ongoing mapping and sampling campaign has revealed new high-grade vein systems, reinforcing the exploration potential of the Tichka Est property [13][14]. Group 4: Infrastructure Development - Construction of new access roads and drill platforms is ongoing, with several platforms now complete despite challenging conditions [7]. - The company has selected a drilling contractor and signed a definitive drilling contract, with mobilization activities currently in process [8].