Stellar Africagold Hits 16 Meters of 2.9 g/t Gold in First Trench at Namarana Gold Project, Mali
Stellar Africagold Hits 16 Meters of 2.9 g/t Gold
in First Trench at Namarana Gold Project, Mali
Vancouver, March 8, 2022 – Stellar AfricaGold Inc., (TSX-V: SPX, OTCQB: STLXF, FSE: 6YP1) ("Stellar" or the
"Company") is pleased to announce the first results from the trenching program at the Namarana gold Project in
Mali.
First Trenching Results from Namanana Gold Project, Mali
Stellar has received encouraging results from the trenching pro gram at Stellar’s 100% owned Namarana Gold
Project in Mali. The first trench across site T4, designated trench T4-2, returned assay results including intervals
of 2.9 g/t Au over 16 meters (including 6.4 g/t Au over 3 meters including 12.15 g/t Au over 1 meter) and 1.5
g/t Au over 7 meters.
Eleven trenches have been completed to date . Visually all tre nches appear to have inter sected the targeted
mineralized zones. (See figure 1 below)
Fig 1 Namarana structures and trenches results
Eleven trenches have been completed to date: five trenches on site #T4, four trenches on site #T3 and two
trenches on site #T6 (see figure 1 above). Based on visual inspection during channel sampling, all trenches at the
T4 site appear to intersect the main sheared zones and the large quartz vein system that bisects the Namarana
Permit and found in trench T4-2. Although T3 site is a different system with sheared zones parallel to and located
500 meters to the West of the T4 site, the system at the T3 site s how the same geological and structural
particularities, namely large primary quartz veins with associated mineralized quartz stringers. The samples from
all trenches at sites T4 and T3 have been sent to the laboratory for assay and the results are pending.
Commentary
“I am very encouraged by the assay results from this first trench” said Stellar VP Exploration Maurice
Giroux “and given that all of the trenches to date have hit the mineralized quartz zone I am keenly
awaiting those assay results. It is an exciting time for Stellar.’
Assay Results from Trench T4-2 (see also Fig.1 below)
from to Gold average
T4-2-01 T4-2-07 0.5/t over 7meters
T4-2-34
Incl. T4-2-40
T4-2-49
T4-2-42
2.9 g/t over 16 meters including
6.4 g/t over 3 meters including
12.15 g/t over 1 meter
T4-2-54 T4-2-60 1.5 g/t over 7 meters
Trench T4-2 is the first of five trenches mechanically dug to a depth of four meters across the structure
at site 4 as illustrated on the Namarana Mines Site Location Map (Figure 1 below) . The trench is 66
meters long and intersected three gold-mineralised zones. The trench was channel sampled along the
entire length and 66 samples were sent to SGS Laboratory for priority processing in Bamako to ensure
a rapid return of assay results enabling the exploration team to better orientate the remainder of the
trenches across T4.
Within trench T4-2, the main structure is a large gold-mineralised quartz vein injected in a sheared zone
oriented N130 o. This main structure cuts diagonally at N1300 across the entire Namarana proper ty
over a distance of more than five kilometers. All artisan mine sites identified by Stellar and labelled as
sites 4, 6, 5, 2, and 9 will be trenched in this program , and all are closely associated to that primary
quartz vein structure.
Figure 2 Namarana local Interpretative geology and trench locations
Assays from the initial prospecting and sampling program from those artisan sites assayed positively
for gold. During that program a total of 172 grab samples were taken along the 130o structure of which
25 samples returned gold grades higher than 0.30 g/t and 13 returned grades ranging between 1.23
g/t Au and 5.7 g/t Au. (News Release December 14, 2021)
The gold showings at those artisan mine sites are closely associated to and located along a major NW -
SE structure at the contact of Diorite intrusion. Gold mineralisation was found principally in quartz veins
filling extension structures of second generation, most probably created during the emplacement of
the diorite intrusion creating a favorable environment to the circulation of mineralized fluids.
About the Namarana Permit
On December 8, 2021, Stellar’s 100% owned Mali subsidiary, Stellar Pacific Mali SARL, was awarded the
Namanara Exploration Permit, a 52 Km2 in area located 130 km NW of Bamako in the Kankaba Circle of
the Koulikoro district. This award of a full exploration permit followed an earlier short-term ‘look-see’
exploration authorization.
During the term of the ‘look-see’ authorization an extensive reconnaissance program was conducted
over the Namarana Permit area. A total of 11 artisan mine sites were visited, mapped and sample d.
(see mine sites location fig.1 attached)
Sixty-six meter trench T4-2
Quartz vein outcropping in trench T4-2
Technical and Quality Assurance/Quality control Notes
Sample collection was done by a team of experienced senior local geologists under the direction of
Maurice Giroux, V.P. Exploration and COO of Stellar. The samples were bagged at the sampling site and
stored in safe areas until being transported to SGS in Bamako for analysis.
A total of 66 samples were sent to the lab. In addition, for the purpose of quality control, 3 standards,
5 duplicates and 2 blanks samples were added to the batch and are well within the acceptable limit.
The blank sample values were all below the detection limit for gold.
Prikro Permit, Côte d’Ivoire
Due to a lack of encouraging results from 2021 exploration Stellar has determined not to seek renewal
of the Prikro permit. The Company continues to pursue three permits pending in Côte d’Ivoire.
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 and the Frankfurt
Stock Exchange FSE: 6YP1.
The Company maintains offices in Vancouver, BC and in Montreal, QC and has a representative office
in Casablanca, Morocco.
Stellar’s principal exploration project is its gold discovery at the Tichka Est Gold Project in Morocco, a
grouping of seven permits covering an area of 82 km 2. 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. Stel lar also holds the Namarana
Gold Project in Mali and three permits pending in Côte d’Ivoire.
The technical content of this press release has been reviewed and approved by Gregory P. Isenor, a
Qualified Person as defined in NI 43-101.
Stellar’s Presiden t 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",
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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 remaining conditions to the Arrangement will not be satisfied; that the business
prospects and opportunities of the Company will not pr oceed 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,
interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources;
access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired asset s;
legislative, political or economic developments in the juris dictions 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 co sts 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.
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