Stellar Africagold Updates Access Road Construction Progress at Tichka Est, Morocco; Grants Stock Options
Stellar Africagold Updates Access Road Construction Progress
at Tichka Est, Morocco; Grants Stock Options
Vancouver, March 15, 2022 – Stellar AfricaGold Inc., (TSX-V: SPX, OTCQB: STLXF, FSE: 6YP1) ("Stellar" or the
"Company") is pleased to announce:
Tichka Est, Morocco Access Road Construction Progress Update
Stellar is pleased to report that 2,850 meters of the 7.5 km access road at Tichka Est Gold Project has been
completed to date and that construction is continuing without any impediments. The 7.5-kilometer heavy
equipment road is a critical piece of infrastructure to provide access for drill rigs for Stellar’s planned 2022 drilling
programs at Zones A and B, and for other mechanized exploration throughout the Tichka Est project area.
Figure 1 Tichka Est Access Road - Progress to March 13, 2022*
* Yellow line – Completed since commencement of construction
Blue line – Completed during past week
Tichka Est access road under construction
The road, which when completed will run for 7.5 kilometer along steep mountain terrain to the A and
B mineralized zones , will open the Tichka Est Gold Project for drilling and for additional mechanized
surface exploration.
At Tichka Est three gold-mineralized zones have been idenfied to date, zones A, B and C, with visually
mapped structures having a combined total length of over 2,200 strike meter s. Trenches in Zone B
assayed as high as 3.40 g/t Au over 20 meters including intervals of 5.23 g/t Au over 11
meters and 8.14 g/t Au over 5 meters; 4.64 g/t Au over 14 meters including 11.16 g/t Au over 5
meters; 3.4 g/t Au over 17 meters including 9.55 g/t Au over 4 meters and 4.55 g/t Au over 15 meters
including an internal of 7.47 g/t Au over 6.0 meters while trenches in Zone A assayed 3.36 g/t Au
over 10 meters including an interval of 8.73 g/t Au over 3.0 meters and trenches in Zone C assayed as
high as 5.81 g/t Au over 4 meters (See news releases April 21 and October 25, 2021, and February 21,
2022).
Stock Option Grants
The Company has granted 1,250,000 incentive stock options to directors and officers of the Company
replacing an equivalent number of options which expired during the prior quarter , and 500,000 stock
options to consultants. The options are exercisable at $0.05 per share and are granted pursuant to the
Company’s approved Stock Option Plan.
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. Stellar 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 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", "bu dget" 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 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.
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.