Stellar Africagold - Balandougou GOLD Project, Guinea Commissioning of Gravity Plant Progressing Well
STELLAR AFRICAGOLD - BALANDOUGOU GOLD PROJECT, GUINEA
COMMISSIONING OF GRAVITY PLANT PROGRESSING WELL
Vancouver, April 11, 2018 – John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc. , (TSX-V: SPX)
("Stellar" or the "Company") announces:
BALANDOUGOU GOLD PROJECT, GUINEA
GRAVITY PLANT COMMISSIONING PROGRESSING WELL
Construction of the 150 tonnes per day (“tpd”) gravity separation plant at the B3 Zone of Stellar’s 100% controlled
Balandougou Gold Project in Guinea is complete and commissioning of mill equipment is proceeding well . All mill
components have been tested individually, necessary adjustments have been made and are operating correctly. After final
adjustments are made the Company expects be able process gold oxide mineralization on a continuous basis and in the
coming weeks the mill’s daily throughput volumes will be increased gradually as processing procedures and equipment are
fine-tuned to optimize plant capacity and gold recovery during the final stage of the commissioning period.
ABOUT THE GRAVITY PLANT
The 150 tpd gravity mill production line includes a 5 tonnes upper feeder bin feeding a 40 tph vibrating feeder, a primary
crusher, a cylinder washing machine, secondary fine crusher, a ball mill and two S-60 Knelson concentrators with capacity
to process each up to 35 tph of wet material at a 50- 60% density.
The concentrate from the two Knelson concentrators is further processed on a Model 6S shaking table to separate the gold
from other heavy minerals. The plant is powered by a 250-kilowatt YTO diesel generator and water is supplied by two 100 -
metres deep water producing between 10 -15,000 litres of water per hour, (i.e. combined well steady flow rate) supported
by a 1.5 million litre on-site reservoir.
“We are pleased to report to our shareholders that the commissioning of the Balandougou plant is proceeding well and that
we are nearing the stage where the mill can process gold oxide mineralization on a continuous basis” said Stellar Vice-
President Exploration and COO, Maurice Giroux . ‘’After just a few cycles of continuous operation, we are very pleased that
the plant is performing well and that the Knelson concentrators and the shaking table are correctly adjusted and recovering
the very fine gold down to as small as 100 microns in size. Thus far, teething p roblems have been minor, with adequate
solutions found, and as final modification s and adjustments being made we become increasingly optimistic that our
operating objective of 150 tonnes per day is achievable. I would like to underscore the importance of our Guinean field team
and their commitment to understanding the numerous steps and the correct operation of the technical equipment essential
to successful gravimetric gold recovery, and I wish to thank the outstanding team of workers and their dedication to the
success of our operation.’’
During the months ahead, the Company will process a 15,000 tonnes bulk sample testing the economic viability of processing
the 60-metre thick oxide portion of the B3 Zone gold mineralization using gravity separation only. The Company has
extracted and stockpiled the bulk sample and will process it over the next approximately 4 months . If the operating
economics are profitable then the Company will continue gold milling operations on a commercial basis.
ABOUT THE BALANDOUGOU B3 GOLD ZONE
The Balandougou B3 Zone is a surface observed gold-mineralized sheared structure oriented roughly N120°E and dipping
45° to the southwest. B3 is a parallel series of quartz veins and veinlets observed in previous trenches E, F, G and H. The
zones have been confirmed by the results of 90 core and RC drill holes and a dozen mechanized trenches. The identified 800
metre strike length of the B3 Zone sheared structures of quartz veins and veinlets remain open both laterally and vertically.
During 2017 four additional infill trenches were excavated across B3 zone to a depth of 3 meters over a total length of 350
metres. Previous trenching (2012) was on 100 -meters spacing and the infill trenching program provide d additional visual
and assay confirmation of the continuity and grade of the gold mineralization between certain of those previous trenches
within the identified B3 Zone. All trenches were perpendicular to the mineralized structure. (News release October 15, 2017)
The additional trenches allowed more precise definition of the higher-grade gold zone for the bulk sample.
Table of Significant Assay Results (previously released)
Trench TF-2 4.47g Au/T over 22 meters
including 11.85g Au/T over 2 meters
and 6.97g Au/T over 2 meters
and 9.64g Au/T over 2 meters
Trench TH-1 1.40g Au/T over 14 meters
1.88g Au/T over 32 meters
including 3.14g Au/T over 4 meters
and 5.18g Au/T over 2 meters
Trench TE-2 5.68g Au/T over 4 meters
2.29g Au/T over 2 meters
Trench TG-2 10.0g Au/T over 10 meters
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian gold exploration Company with offices in Vancouver, BC and Montreal , Q C, with
operations concentrated mainly in West Africa and in Quebec.
In addition to developing its Balandougou Gold P roject in Guinea the Company also owns the Namarana project in
neighbouring Mali. In Quebec, the Company owns 100% of the Opawica Project in the Chibougamau mining camp.
The technical content of this press release has been reviewed and approved by independent consultant Greg Isenor, P. Geo,
a Qualified Person as defined in NI 43-101.
For further information please contact:
John Cumming, President & CEO, Stellar AfricaGold Inc., or Maurice Giroux, VP Exploration, Stellar AfricaGold Inc.,
4908 Pine Crescent, Vancouver, BC, V6M 3P6, 1035 West Laurier Street, Suite 201, Montréal, QC H2V 2L1.
Email: [email protected] Tel.: 514-866-6299 Email: [email protected]
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
John Cumming, LLM,
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 curren tly 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", "bu dget" 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 Ar rangement 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 U.S. dollar and other currency exchange rates, inter est rates or gold lease
rates; risks arising from holding derivati ve instruments; the level of liquidity and capital resources; access to capital markets, financing and interest
rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which
the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing
the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature
of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration,
development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical
recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
Neither the TSX Venture Exchange n or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.