Stellar Africagold Resumes Gravity Processing of 15,000 Tonnes Bulk Sample at Balandougou GOLD Project, Guinea
STELLAR AFRICAGOLD RESUMES GRAVITY PROCESSING OF 15,000 TONNES
BULK SAMPLE AT BALANDOUGOU GOLD PROJECT, GUINEA
Vancouver, August 28, 2018 – John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX)
("Stellar" or the "Company") announces:
Gravity Mill Improvements Completed
Further to the Company’s news release of July 25, 2018 the Company is pleased to announce that having completed some
important configuration and structural modifications to the Balandougou Gold Project gravity plant processing of the 15,000
tonnes bulk sample will resume on September 3, 2018. This first round of significant modifications was decided upon
following a review of the first few weeks of full-time test operations. The mill operating results were discussed among
Stellar’s technical team and outside specialists with experience in west African gravity gold mining and suggested
improvements to increase production capacity and improve gold recovery were implemented.
The major modification and improvement to the plant related to the ball mill’s efficiency, particularly its ability to fully
pulverize the gold mineralization including the hard quartz . Additionally, t he slurry basin size was doubled to prevent
overflows and the two Knelson concentrators were reconfigured from a parallel orientation to operate in series for a better
recovery of Balandougou’s very fine gold. Lastly further adjustments were made to the shaking table by a specialist in that
matter. Collectively these changes will reflect directly on the mill’s gold recovery rate.
The Company also completed a number of minor yet important maintena nce requirements including a) construction of a
three-stage waste water settling pond to capture fine silts between the liquid tailings separator and the mill reservoir , b)
design and installation of an improved filtration system for the water inlet to the mill , c) replacement of all flexible water
piping with rigid steel piping, and d) alteration of some electrical circuitry to allow operators to control the ‘on/off’ switching
of certain equipment without the delay of communicating with the central electric control panel operator. These changes
will improve the efficiency of routine operations and, hence, the overall productivity of the mill.
New Mine Manager and Increased Operating Hours
Stellar has hired a new mine manager well-experienced with gravity mill operations. Upon the resumption of operations
under his direction the gravity plant will be staffed by two shifts and will run uninterrupted from 0600 to 1900 hours, a total
of 13 hours daily, to increase mill throughput and daily gold recovery.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian gold exploration company with offices in Vancouver, BC and Montreal , Q C, and
operations concentrated in West Africa and in Quebec.
In addition to developing its Balandougou Gold Project in Guinea including construction of a 150 tonnes per day gravity mill
(construction completed) to process a 15,000 tonnes bulk sample to test the commercial economics of gravity extraction
only. 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] 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.