Stellar Africagold Commences Phase I Drilling Program and Announces the Discovery of a New GOLD-Bearing Structure at Tichka EST, Morocco.
STELLAR AFRICAGOLD COMMENCES PHASE I DRILLING PROGRAM AND ANNOUNCES THE
DISCOVERY OF A NEW GOLD-BEARING STRUCTURE AT TICHKA EST, MOROCCO.
Vancouver, July 26, 2022– Stellar AfricaGold Inc., (TSX-V: SPX, OTCQB: STLXF, FSE: 6YP1) ("Stellar" or the
"Company") is pleased to announce that the Phase I drilling program has begun at the B -structure and
that a new gold-bearing structure has been discovered at Stellar’s Tichka Est Gold Project in Morocco.
Commentary
“The commencement of the Phase I drilling program of the B -structure is definitely an important
milestone for Stellar and its exciting Tichka Est Project Gold Project” declared Stellar’s VP Exploration and
COO Maurice Giroux. “After all the tremendous work required to access the mineralized zones in such a
steep terrain the drill rig is now on site and drilling is underway.
Additionally, the outstanding results from the initial prospection of the stream sediments anomalies
confirm the gold potential throughout the 82 Km 2 area covered by the permits of the Tichka Est Gold
Project. A newly discovered structure, designated C2 and detailed below, will be mapped, trenched and
sampled for a better geological interpretation, and all other gold and copper-rich sampled structures will
be revisited for a better structural and geological assessment. Overall, this is going to be a very exciting
period in Stellar’s development.”
The Phase I Drill Program at Tichka Est Zone B
After minor reshaping of some tight corners and expanding a few shoulders of the eight-kilometer access
road, the drill rig is on site at the B -Structure and drilling has just commenced. The Phase I drill program
is comprised of approximately 2,000 meters of RC drilling to test the gold mineralization to depths ranging
between 30 to 120 meters. At present 15 RC holes totalling 2,140 meters are scheduled along a 600 meters
strike length to test the B structure . However, setting drill pads at Tichka-Est’s high altitude on steep
slopes is very challenging. The B-Structure runs NE-SW and dips steeply to the NW and therefore will have
to be drilled from both sides depending mainly on the topography and accessibility of the ideal drill sites
position. The drill plan is considered to be dynamic , and adjustments will be necessary as the work
program progresses. (See figure 1)
About the Zone B Structure
The B structure was initially surface tested with 12 hand tooled trenches which returned gold intersections
as high as 3.40 g/t over 20 meters including intervals of 5.23 g/t over 11 meters and 8.14 g/t over 5
meters; 4.64 g/t over 14 meters including 11.16 g/t over 5 meters; 3.4 g/t over 17 meters including 9.55
g/t over 4 meters and 4.55 g/t over 15 meters including an internal of 7.47 g/t over 6.0 meters. (See news
releases April 21 and October 25, 2021 .) To date, three gold -bearing structures designated A, B and C ,
have been confirmed at Tichka Est, and trenching programs have delineated an impressive 2,200 linear
meters of gold mineralized structures. The current Phase I drill program will begin testing the B structure
for depth and continuity.
Figure 1 B-Structure showing trench locations and preferred drill holes location
Image 1 - Zone B structure crosscut by access road
Image 2 - On-going drilling campaign at Zone B Structure
New gold zone discovered.
Stellar is also pleased to announce results of the initial prospection of the watersheds of 7 stream
sediments anomalous areas reported in a press release dated February 8, 2022. The program consisted
mainly of traversing the watershed to locate, describe and sample areas of geological interest. The
traversing was performed in very steep terrain at altitudes ranging between 2,000 to 3,000 meters
elevation. A total of 94 rock samples were collected and sent to the lab for multi-elements analysis. (See
figure 2)
Assaying for gold, silver, copper, zinc and nickel returned significant results and contributed to the
discovery of a new extensive gold bearing structure designated as C2. The C2 structure is located just 175
meters to the South and parallel to Zone C.
About the new Zone C2
Zone C2 is described as a 2 -3 meters wide at surface quartz-carbonate-sulfides filled sheared zone
oriented N95o and dipping 75o N. It is located 175 meters south of the Zone C structure and is very similar
in composition to the Zone C structure . Four rock samples from the structure reported intriguing gold
content of 7.56 g/t, 4.30 g/t, 6.42 g/t, and 7.02 g/t.
Additional gold anomalous areas
The watersheds above anomalous areas 1, 3 and 6 also returned significant gold grades as follows:
Zone 1: 1.11 g/t, 8.74 g/t and 2.72 g/t
Zone 3: 1.10 g/t
Zone 6: 9.04 g/t, 1.15 g/t and 2.18 g/t
Significant Copper Grades
In addition to those very significant gold grades which were primarily recovered from structural and
geological environments described as sheared zones and dykes filled with quartz-carbonate-sulfides and
rich in Arsenic, eleven samples returned significant Copper grades higher than 0.6% and up to 1.67% as
follows:
Zone 1: 1.02% Cu, 1.02% Cu and 0.66% Cu
Zone 2: 0.76% Cu, 0.77% Cu and 0.64% Cu
Zone 4: 0.94% Cu, 1.67% Cu and 1.02% Cu
Area north of Zone C: 1.50% Cu and 0.80% Cu
Technical Information and Quality Control/Quality Assurance Notes
Sample collection was done by an experienced local geologist under the supervision of M. Yassine
Belkabir, Stellar’s Director in Morocco and by Dr. Ali Saquaque, Stellar’s Technical Advisor for Africa. The
samples were bagged at the sampling site and stored in safe areas until being transported to the African
Laboratory for Mining and Environment (“Afrilab”) in Marrakech for analysis.
A total of 104 samples were sent to the lab for this program including 4 standards, 3 duplicates and 3
blank samples that were added to the batch for the purpose of quality control, and all were well within
the acceptable limit. The blank sample values were all below the detection limit for gold.
Figure 2- Zone of stream anomalies
ABOUT TICHKA EST PROJECT
The Tichka Est gold project, now comprising seven permits aggregating 82 square kilometres, is in the High
Atlas Mountain region of Morocco approximately 80 kilometres south-southwest of Marrakech, a region
easily accessible by road. The area is accessible yea r-round by road via a national road to the village of
Analghi located near the mineralized gold zone. Follow up on some strong stream sediment anomalies
reported by ONHYM lead Stellar to the discovery of 2 extensive gold mineralized structures A and B. A
third structures namely the C -Structure was later discovered by Stellar during the follow -up of stream-
sediments anomalies.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture
Exchange symbol TSX.V: SPX, the OTCQB® Venture Market symbol OTCQB: STLXF, the Tradegate Exchange
TGAT: 6YP1 and the Frankfurt Stock Exchange FSX: 6YP1.
The Company maintains offices in Vancouver, BC and in Montreal, QC and has a representative office in
Casablanca, Morocco.
Stellar’s principal exploration projects are its gold discovery at the Tichka Est Gold Project in Morocco, and
the Namarana gold Project in Mali. The Tichka Est Gold Project is a grouping of seven permits covering an
area of 82 km2. The Tichka Est Property lies within the High Atlas Western Domain about 80 km SSW of
the city of Marrakech. The area is accessible year-round by road to the village of Analghi located near the
mineralized gold zone. The mineralized zone is accessible via an eight-kilometer gravel mountain road
constructed by Stellar.
Stellar also holds the drill ready Namarana Gold Project in Mali. Namarana is a 52 Km2 that is 100% owned
by Stellar’s Mali subsidiary, Stellar Pacific Mali SARL. Namarana is located 130 km NW of Bamako in the
Kankaba Circle of the Koulikoro district.
Stellar also holds three permits pending in Côte d’Ivoire.
The technical content of this press release has been r eviewed and approved by M. Yassine Belkabir
MScDIC, CEng, MIMMM, a Stellar director and a Qualified Person as defined in NI 43-101.
Stellar’s President J. François Lalonde can be contacted at 514 -994-0654 or by email at
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
J. François Lalonde
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. 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 factor s 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 U.S. dollar and other currency exchange rates, intere st
rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; a ccess to capital markets,
financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political o r 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 assoc iated 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 pr ojects 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 nor 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.