New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.17m market cap, or US$4.50m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jan 08
Stellar Africagold Inc. Updates Drilling Activities At the Tichka Est Gold Project, Morocco Stellar AfricaGold Inc. provided the following update on the exploration and drilling program at Tichka Est Gold Project in the High Atlas of Morocco. Summary of drilling progress to December 12, 2025: 8 diamond drill holes completed, totaling 1,311.9 Metres. Average drilling rate of 11 meters per operating day. Since December 12, 2025, drilling operations have been suspended due to exceptional inclement weather conditions, including heavy rains and repeated snowfalls in the area of the project. Status of drill holes: 5 drill holes have been fully sampled and assayed, including TCK1 (See news release October 2, 2025 for details of TCK1 assay results), which intersected multiple gold-bearing intervals (13 meters of 6.12 g/t Au including 2 meters of 22.28 g/t Au, and16 meters of 1.98 g/t Au including 1 meter of 11.55 g/t Au). Assay results are being reviewed and analyzed. 1 drill hole has been sampled and is currently at Afrilab, an ISO-certified laboratory in Marrakech, for analysis. Cores from 2 drill holes are pending transport from Tichka Est project site to Afrilab for analysis. 2 final drill holes remain to be drilled which will complete the planned 1,500 meters drill program. All pending assays results will be released once they are received, validated, compiled, analyzed and integrated into the geological working model. About the weather-related delay. Notwithstanding the 2,500 meters elevation of the Tichka Est Gold Project, these adverse weather conditions over this length of time are relatively unusual events for this area of Morocco. However, the significant rains and snow have impaired access to the Tichka Est project site and infrastructure, specifically: Access roads to the drill site have been degraded and rendered impassable interrupting safe access for personnel, equipment and water supplies, and support logistics. Despite the diligent and ongoing efforts by the Stellar field team to rehabilitate and stabilize the road network during this period, progress has been repeatedly interrupted by new episodes of rain and snow, leading to additional closures of key access routes. Stellar's priority remains the safety of personnel and the integrity of equipment. The Company continues to monitor conditions closely and will resume drilling operations as soon as weather conditions improve, and safe access and operations is assured. Over the coming weeks, the Company will: 1. Resume drilling as soon as weather permits and access roads have been rehabilitated., 2. Continue the integration of all drill assays and structural measurements, and 3.4. Prioritize targets for the next drill campaign. Announcement • Nov 17
Stellar AfricaGold Inc., Annual General Meeting, Jan 20, 2026 Stellar AfricaGold Inc., Annual General Meeting, Jan 20, 2026. Announcement • Nov 07
Stellar AfricaGold Inc. announced that it has received CAD 4 million in funding On November 6, 2025. Stellar AfricaGold Inc. announces that it has closed the transaction. Two directors of the company subscribed for an aggregate of 677,545 units and gross proceeds of CAD 121,958.10 under the offering Announcement • Oct 16
Stellar AfricaGold Inc. announced that it expects to receive CAD 4 million in funding Stellar AfricaGold Inc announced a non-brokered private placement to issue 22,222,222 units at an issue price of CAD 0.18 fr the proceeds of CAD 3,999,999.96 on October 15, 2025. Each unit will consist of one common share of the company and one-half of one transferable common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of CAD 0.28 for a period of 36 months from the date of issuance. The offering is expected to close on or about October. 30, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. All securities issued under this offering will be subject to a statutory hold period of four months and one day from the closing date, in accordance with applicable Canadian securities laws. The company may, in its discretion, pay finders' fees in cash and/or warrants to eligible arm's-length parties in connection with the offering, as permitted by applicable laws and TSX-V policies. Insiders of the company may participate in the offering. Announcement • Oct 03
Stellar Africagold Inc. Reports Significant Assay Results from Its First Drill Hole At the Tichka Est Gold Project Stellar AfricaGold Inc. reported significant assay results from its first drill hole at the Tichka Est Gold Project, part of the ongoing 1,500-meters summer diamond drill program at the Zone B gold discovery, an area of approximately one square kilometer within Stellar's 82km2 permit area in Morocco. Detail of Results: Diamond drill hole TCK-001 was designed to test the interpreted mineralized sub-horizontal diorite sills, which act as both lithological and structural controls to gold mineralization. Two well-defined mineralized zones were intersected: Within Diorite 1 between 8399 meters: 16 m of 1.98 g/t Au, including 1 m of 11.55 g/t Au· Within Diorite 2 between 125138 meters: 13 m of 6.12 g/t Au, including 2 m of 22.28 g/t Au· Within Diorite 3 the mineralization encountered in previous surface trenching of the third diorite zone was not encountered in drill hole TCK-001 consistent with the absence of veining or fracturing in the core. These intersections support the geological model developed for Tichka Est Zone B and provide strong encouragement for expansion of the drilling program. Operations Update: Diamond drilling has now totaled 492.8 meters across three holes, with core from holes TCK-002 and TCK-003 confirming the presence of the sulphide-bearing sub-horizontal diorite sills previously encountered in hole TCK-001. Drilling is progressing at an average rate of approximately 10.5 meters per day. Recently progress was temporarily hampered by fractured zones down hole requiring cementing to reduce water loss, on site water supply logistics, and weather-related impacts requiring repairs to roads and drill platforms. Despite these operational challenges, drilling continues steadily, with excellent core recoveries achieved. Next Steps: Continue drilling the planned 1500-meters diamond drill program to test lateral continuity and down-dip extensions of sulphide-bearing sub-horizontal diorite sills, and Update geological, structural, and alteration models with new data. Continue reconnaissance exploration throughout the Tichka Est Gold Project 82 km2 permits area. Announcement • Jul 11
Stellar Africagold Inc. Confirms Summer Drill Program At Promising High-Grade Gold Target At Structure B Stellar Africagold Inc. reported significant progress at its Tichka Est Gold Project in Morocco's Western High-Atlas. Recent field activities, including structural mapping, advanced 3D modeling and surface sampling with grades up to 102 g/t Au have confirmed priority drill targets. Supported by recently extended access road construction and drill platform development Stellar's summer drilling campaign is ready to launch. Summer 2025 Drill Program. Stellar is initiating a 10 hole 1,500-metre diamond drill program at Tichka Est's Structure B in July 2025. The program will test four primary targets: Lateral and down-dip continuity of the MT1 sill-hosted mineralization. High-grade NE shear-hosted shoots. Depth extensions of trench 7B dyke and potential parallel dykes eastward. Structure B is currently the most advanced target at the Tichka Est Project, characterized by the presence of three mineralized horizons and at least two shear zones. Structural mapping and sampling indicate a complex deformation system controlling gold mineralization, including conjugate shears and NE-trending fault corridors. High-grade gold has been intersected in both dioritic sills and intrusive dykes, with mineralized shoots interpreted to plunge gently to the north-northeast. These geological features, along with the scale and continuity of mineralization observed to date, position Structure B as the principal focus of the upcoming diamond drill program. Structural Interpretation and Target Confirmation. A detailed structural interpretation at Structure B completed in the spring of 2025 and supported by external geological expertise, on-site geological mapping and digital 3D modeling, has provided additional clarification of the controls of the gold mineralization. Despite complex faulting, deep intercepts suggest continuation of the system at depth; drilling will focus on testing NE-trending brittle structures and gently NE-dipping shear corridors. Structural mapping indicates that steeply W-dipping fractures and NE shears control high-grade mineralized shoots, and that carbonate-sill contacts and dykes similar to those identified in trench 7B may host additional gold mineralization along the hinge of the anticline. Drill Program Preparation. Construction of new access roads and drill-platforms is continuing. Road construction is challenging due to areas of hard limestone and the generally steep, rugged topography, both of which contributed to slower than initially projected progress. Despite these adverse working conditions steady progress was made, and several drill platforms are now complete and ready for the scheduled July 2025 drill campaign. Mobilization activities are in process and drilling is expected to start this month. Over the past three years the Tichka Est Gold Project has been the subject of considerable mapping, sampling, trenching and an initial exploratory RC drill program. Three gold mineralized structures, designated Structures A, B and C in historical order of discovery, were identified by this early exploration. At Structure B a significant mechanical trench MT1 assayed 3.5 g/t Au over 155.7 metres length determined that Structure B should be the primary target for the Company's next drill campaign. Announcement • Jul 08
Stellar AfricaGold Inc. Completes 11 New T Tichka Est Gold and Base Metals Project, Morocco Stellar AfricaGold Inc. announced the completion of eleven new trenches on the Tichka Est Gold and Base Metals Project in Morocco. The general area of the Tichka Est project, which is in the High Atlas Mountain region approximately 160-kilometres southwest of Marrakech, is accessible by existing well-maintained national roads, Stellar is planning the construction of a new road to allow exploration vehicles and drill equipment to access the specific drill ready structures at Zones A and B of the Tichka Est permits. As previously announced, exceptionally steep terrain and hard rock required that the access road to drill-ready Zones B and A gold structures be re-routed including making applications for additional road construction permits. Permitting for the new road construction is advancing well and now that proposed route has been accepted in principle detailed surveying of the proposed route will be conducted in the coming weeks. The initial trenching of the Zones B and A gold structure during Second Quarter of 2021 reported numerous mineralized intersections with grades as high as 3.36 g/t Au over 10.0 meters including an interval of 8.73 g/t Au over 3.0 meters in Zone A, and 4.55 g/t Au over 15 meters including an internal of 7.47 g/t Au over 6.0 meters in Zone B. These very encouraging surface results greatly justified the positioning of new infill and extension trenches. To get a better surface definition of both A and B structures before drilling, Stellar mandated a geological crew consisting of one senior and one junior project geologists and some local labourrers to dig 8 new trenches totaling 160 linear meters across the B structure and 3 new trenches totaling 60 linear meters across the A structure. Each trench was channel sampled mechanically on its entire length with a rock saw and 1 metre intervals samples were bagged and send to laboratory. 200 samples have already been collected and sent to AFRILAB Laboratory of Marrakech for gold analysis. The objective of this program is to seek the lateral extensions of both the A and B zones, and to confirm the grades consistency along these two structures before planning the drill program. The results of this trench sampling program will be announced as soon as assays are received, reviewed and compiled by Dr. Saquaque. The geological crew has been based in the nearby village of Analghi which is the most convenient place from which to access the A and B mineralized structures and can provide all necessary facilities to accommodate the crew. The village also has sufficient local laborers necessary for the execution of an expanded exploration program. The geological team before the expanded tranching program was under the direct supervision of Stellar's technical advisor Dr. Ali Saquaque in Marrakech and of Stellar director Yassine Belkabir who is also a Senior Technical Advisor and Qualified Person for Stellar AfricaGold. Announcement • Apr 17
Stellar AfricaGold Inc. Starts Work At Tichka Est Gold Project, Morocco Stellar AfricaGold Inc. announced that work has started at the Tichka Est Gold Project in Morocco. Tichka Est 2025 Exploration Program. The Company has launched its 2025 exploration program at its TichkaEst Gold Project in the High Atlas Mountain region of Morocco. The first step in the 2025 program is rehabilitating the access road that was damaged in the 2024 earthquake in Morocco. The access road winds for 8.5 kilometers from Analghi village at the 1,890-meter level to the Zone B gold discovery zone at 2,500 meters elevation. A contractor has been engaged, its heavy equipment has been mobilized, and the rehabilitation work has commenced. The Zone B gold discovery is a N80deg trending gold structure extending for over two kilometers along strike. It lies along a highly sheared contact of limestone and schist that is injected by quartz-ankerite-calcite veins and veinlets with traces of pyrite, chalcopyrite and arsenopyrite. Following completion of the access road rehabilitation the Company will initiate a mechanical trenching campaign to follow up on previous trenching at Zone B which yielded 3.5 g/t Au over 155.7 meters.1 Among other targets, the trenching campaign is designed to cut across a diorite sill intrusion that was mapped previously and the shear zone identified in previous exploration campaigns. This trenching program is anticipated to take approximately three months to complete. A similar campaign in 2023 uncovered an important gold anomaly and the current trenching campaign will target the projected expansion of the same gold-bearing structure. All sampling will be conducted according to industry standards and sent to Afrilab for assays. The identified Zone B structures are within an approximately 1 km2 area of the 82 km2 total area of the Tichka Est GoldProject. To date, Stellar has built an 8.5-kilometer mountain access road and conducted extensive mapping, sampling and trenching focussing on the regions in and around Zone B. Thus far three significant zones of gold mineralization have been discovered with much of the overall Tichka Est project area still unexplored or only superficially examined. At the Zone B several programs of mechanical and hand trenches delivered a series of impressive assay results including trenches MT1 3.5 g/t gold over 155.7 meters1, MT2 1.52 g/t gold over 39.7 meters and 1.58 g/t Au over 8.6 meters4, MT3 1.27 g/t gold over 80 meters4, T7B 3.4 g/t gold over 20 meters3, T6B 3.4 g/T gold over 17 meters3, and T2B 4.56 g/t gold over 15 meters2. Zone B is the primary exploration target for 2025 although Stellar will continue reconnaissance exploration throughout the Tichka Est Gold project permits area. Announcement • Apr 02
Stellar AfricaGold Inc. announced that it has received CAD 1.17 million in funding On April 1, 2025. Stellar AfricaGold Inc. has closed the transaction. it has issued 11,700,000 Shares at a price of CAD 0.10 per Share for aggregate gross proceeds of CAD 1,170,000. Three Directors of the Company participated in the Offering, contributing CAD 140,000 Board Change • Mar 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Ayden Verhulst was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 19
Stellar AfricaGold Inc. announced that it expects to receive CAD 1.5 million in funding Stellar AfricaGold Inc. announced a non-brokered private placement that it will issue up to 15,000,000 common shares of the company at an issue price of CAD 0.10 per share for the gross proceeds of up to CAD 1,500,000 on February 18, 2025. The private placement is scheduled to close on or about February 28, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All shares issued under this offering will be subject to a mandatory investment hold period of four months plus one day from the date of issuance, in accordance with applicable securities laws. Announcement • Oct 15
Stellar AfricaGold Inc., Annual General Meeting, Dec 12, 2024 Stellar AfricaGold Inc., Annual General Meeting, Dec 12, 2024. New Risk • Sep 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 116% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$388k). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (116% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.45m market cap, or US$1.07m). Announcement • Aug 21
Stellar AfricaGold Inc. announced that it expects to receive CAD 0.6 million in funding Stellar AfricaGold Inc. announced a non-brokered private placement of up to 12,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 600,000 on August 20, 2024. Each unit will comprise one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of CAD 0.08 for a period of three years from issuance. All securities will be subject to a statutory hold period of four months and one day from issuance. The proposed private placement is fully subscribed with officers and directors of the company intending to subscribe for a total of 4,000,000 units of the private placement. Announcement • Apr 19
An undisclosed buyer acquired Stellar Pacific Mali SARL from Stellar AfricaGold Inc. (TSXV:SPX) for XOF 25 million. An undisclosed buyer acquired Stellar Pacific Mali SARL from Stellar AfricaGold Inc. (TSXV:SPX) for XOF 25 million on April 18, 2024. An undisclosed buyer completed the acquisition of Stellar Pacific Mali SARL from Stellar AfricaGold Inc. (TSXV:SPX) on April 18, 2024. New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$397k free cash flow). Share price has been highly volatile over the past 3 months (74% average weekly change). Negative equity (-CA$452k). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.21m market cap, or US$888.3k). Minor Risk Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Board Change • Nov 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Yassine Belkabir was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 04
Stellar AfricaGold Inc., Annual General Meeting, Dec 31, 2023 Stellar AfricaGold Inc., Annual General Meeting, Dec 31, 2023. Announcement • Jan 27
Stellar Africagold Inc. Completes Phase 1 Trenching of Dioritic Intrusions At Tichka Est Zone B and Discovers Additional Gold Mineralized Structures Stellar AfricaGold Inc. announced the discovery of additional gold mineralized structures associated to diorite intrusions at Tichka Est Zone B and its surrounding areas. Mapping of Diorite Intrusions and Discovery of Additional Gold Structures Following up on the impressive assay results from the mechanical trench cutting across a diorite body at Zone B at the Tichka Est Gold Project, Morocco (3.5 g/t Au over 155.7 metres -Gold Associated to Dioritic Sill Grading 3.5 G/T Gold across a True Width of 155.7 Meters') Stellar's exploration crew completed a mapping searching for additional diorite intrusions at Zone B. After completing the mapping program a Phase 1 Trenching program was conducted comprising (i) channel sampling of existing mechanical trenches (road cuts originally), and (ii) new hand tools trenches dug across the recently mapped diorite intrusions. This program discovered additional mineralized gold structures with substantial gold grades and delivered additional evidence of the continuity of gold mineralization at Zone B and the surrounding areas. Outcrops of diorite have been observed in other areas of Tichke Est and additional prospecting and mapping will be included in future exploration programs. Plans advancing for 2023 Drill Campaign: The on-site exploration crew continues the detailed mapping of Zone B while concurrently Stellar's field geologists continue to evaluate all structural features (including the diorite intrusions) to plan the next drill campaign. With new results from each phase of exploration Stellar's geological interpretation of Tichka Est continues to evolve, and the discovery of subparallel horizontal gold structures related to the diorite intrusions and the new extensions to the North-West and South-East of Zone B provide increased confidence for the discovery of a significant gold deposit at Tichka Est. Technical Information and Quality Control/Quality Assurance Notes: The hand tools trenches were excavated across the Zone B using hand tools to an average depth of 1.5 metres. Sample collection was completed by experienced senior local geologists. The samples were bagged at the sampling site and stored in safe areas until being transported to African Laboratory for Mining and Environment (‘Afrilab’) in Marrakech for analysis. A total of 101 samples were sent to Afrilab in Marrakech for this program. This number included 4 standards, 4 duplicates and 4 blanks samples that were added to the batch for the purpose of quality control, and all were well within the acceptable limits. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Independent Director Yassine Belkabir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 16
Stellar AfricaGold Inc., Annual General Meeting, Dec 31, 2022 Stellar AfricaGold Inc., Annual General Meeting, Dec 31, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Lauren McCrae was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 24
Stellar AfricaGold Inc. Announces Approximately 15-Hole 2,000 Meters Phase-1 Drilling Program Stellar AfricaGold Inc. announced that the approximately 15-hole 2,000 meters Phase-1 drilling program at the Tichka-Est B-Structure is progressing well. Thus far, the Company has been able to adapt to the inherent difficulties of drilling in steep mountain terrains with slopes in the range of 45 degrees. To date, nine holes totalling 825 metres have been completed and based on visual observation in the RC drill cuttings the drill targets appear to have been reached. Within the apparent mineralized zones all holes are sampled meter-by-meter. Outside of the mineralized zone the holes are sampled in three- meters composite samples when warranted by visible mineralized features. Samples are sent to African Laboratory for Mining and Environment ("Afrilab") in Marrakech for analysis. The results of this drill program will be announced once assay results are received and adequately compiled. Concurrently with the initial drilling of B structure, six (6) new hand tools trenches at 50 metres intervals have been positioned and are being executed along and across the newly discovered C2 structures. The new structure at Zone C2 is described as being at surface a two to three metres wide quartz- carbonate-sulphides-filled sheared zone oriented N95 degrees and dipping 75 degrees N. It is located 175 metres and parallel to the south of the Zone C and is very similar in composition. Four chips samples were taken across and along the outcropping structure during initial prospection and reported substantial gold contents of 7.56 g/t, 4.30 g/t, 6.42 g/t and 7.02 g/t. This new zone, the 4th identified since the start of the program, has been traced over approximately 300 meters along strike but remains open to the East and to the West. Additional trenches will be added as warranted and if technically feasible to determine the surface extension of this new zone. Announcement • Jul 28
Stellar Africagold Inc. Commences Phase I Drilling Program and Announces the Discovery of A New Gold-Bearing Structure at Tichka Est, Morocco Stellar AfricaGold Inc. announced 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. 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 steepslopes 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. 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 5meters; 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. 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 linearmeters of gold mineralized structures. The current Phase I drill program will begin testing the B structure for depth and continuity. 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. Announcement • Jul 07
Stellar AfricaGold Inc. announced that it has received CAD 0.6628 million in funding On July 5, 2022, Stellar AfricaGold Inc. closed the transaction. The company issued 2,206,667 units for gross proceeds of CAD 132,400 in its second and final tranche closing. The company issued a total of 11,046,667 units for gross proceeds of CAD 662,800 in the transaction. The company will issue warrant to purchase11,046,667 shares of the company. The warrants will be exercisable at a price of CAD 0.15 per share for a period of 2 years. The transaction included participation from 26 placees, including insider Francois Lalonde for 400,000. The company paid finders' fees of CAD 14,100 cash and 235,000 warrants to Glores Securities Inc., CAD 26,784 cash and 445,867 warrants to Jean-David Moore. The offering is subject to TSX acceptance. Announcement • Jun 29
Stellar AfricaGold Inc. Completes Access Road and Drill Platforms at Zone B Tichka Est Gold Project, Morocco Stellar AfricaGold Inc. announced the completion of construction of the access road to the drill-ready Zone B structure at Stellar's Tichka Est Gold Project in Morocco. The Company has also excavated 11 drill platforms for the next drill program. Tichka-Est Gold Project Access Road: The access road to the Tichka-Est B structure gold zone is complete. A total of 8 kilometers of road reaching an altitude of over 2,600 meters together with 11 drill platforms were cut along winding, steep mountainsides with challenging slopes approaching 45 degrees. This heavy equipment road to Stellar's drill sites in the High Atlas region is critical to the future of the project allowing full access for transportation of drill rigs, related equipment, drill crews and exploration teams. It is a major milestone in the continued exploration of the Tichka-Est Gold Project. The Company and the road contractor have entered into a further agreement to keep the machinery on site and advance the access road to the C-Structure two kilometers to the East. The contractor will also excavate additional drill platforms at the Zone B structure if it is judged necessary as the initial drill campaign progresses. Additionally, some secondary access roads and drill pads excavation are planned for drilling the A-Structure a few hundred meters off the main road to the East. About the Zone B Structure: The B structure was initially surface tested with 12 hand tools trenches reported gold intersections 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. To date, three gold structures designated A, B and C were identified at Tichka Est and trenching results have delineated an impressive 2,200 linear meters of gold mineralized structures warranting follow-on drill programs which necessitated construction of the access road. Announcement • Jun 02
Stellar AfricaGold Inc. announced a financing transaction Stellar AfricaGold Inc. announced a private placement of units at a price of CAD 0.06 per unit on June 1, 2022. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share at a price of CAD 0.15 per common share for a period of 2 years from the date of issuance.
On the same day, the company issued 8,840,000 units for gross proceeds of CAD 530,400 in its first tranche closing. The company has paid finder's fees totaling CAD 32,260 and issued an aggregate 437,667 finder's warrants to arm's-length finders, with each finder's warrant entitling the holder to purchase one common share for a period of two years at a price of CAD 0.15. All securities to be issued will be subject to a hold period of four months and one day from the closing date. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Lauren McCrae was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Stellar Africagold Inc. Announces More Encouraging Results from Its Trenching Program At the Tichka Est Gold Project's Newly Discovered Zone C Stellar AfricaGold Inc. announced more encouraging results from its trenching program at the Tichka Est Gold Project's newly discovered Zone C confirming gold mineralized continuity and significant gold grades over more than 1 kilometer and still open along strike, and bringing the total mineralized strike of Zones A, B and C to over 2,200 strike meters. Following-up on a strong stream sediments gold anomaly announced February 2, 2022 Stellar has discovered a third gold mineralized structure at Tichka Est. This new Zone C is oriented east-west and is located to the east of Zone B. A Phase 1 hand tools trenching program at Zone C yielded substantial gold grades on a strike length of over one kilometer with mineralized widths of up to 7 meters including 5.81 g/t Au over 4 meters. Significant assay results of Phase I trenching: Trench C1: 3.58 g/t Au over 2 meters, Trench C2: 5.81 g/t Au over 4 meters, Trench C3: 3.14 g/t Au over 4 meters, Trench C4: 5.66 g/t Au over 1 meter and 0.92 g/t Au over 7 meters, Trench C5: 0.88 g/t Au over 2 meters, scree area. The second phase of hand tool infill trenching was designed to confirm the continuity of the mineralized structure and, if successful, to warrant incorporating Zone C in the planned drilling campaign. It is expected that drilling will be initiated once the Tichka Est access road is completed and drill pads aligned for best intercepts of the 3 structures are positioned along the three zones. Significant assay results of Phase 2 trenching: Trench C7: 3.18 g/t Au over 4 meters, Trench C8: trench abandoned due to scree overburden, no results. Trench C9: 2.60 g/t Au over 3 meters, Trench C10: 2.55 g/t Au over 3 meters, Trench C11: 1.55 g/t Au over 5 meters, Trench C12: 2.06 g/t Au over 3 meters. The Phase 2 trenching program has confirmed the continuity and grades of Zone C over a strike length of more than 1 kilometer. Zone C is an EW striking quartz-Ankerite-sulphides structure with apparent sulfides, pyrite, arsenopyrite, chalcopyrite and iron oxide hosted in a very broken and deformed schist unit. This newly discovered Zone C adds more than 1,000 strike meters of gold mineralization to the already announced 1,200 strike meters of Structures A and B together for a combined total of over 2,200 strike meters. This important new structure remains open to the East and at depth. The trenches were excavated across the Zone C using hand tools to an average depth of 1.5 metres. The trenches were mapped at a scale of 1:100 and channeled sampled at 1 metre intervals using a mechanical rock saw for a better sample accuracy as recommended in Stellar's Technical Report of November 15, 2020. The samples were bagged at the sampling site and stored in safe areas until being transported to African Laboratory for Mining and Environment ("Afrilab") in Marrakech for analysis. A total of 128 samples were sent to the lab for this program including 4 standards, 4 duplicates and 4 blanks 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. Announcement • Apr 01
Stellar AfricaGold Inc. Announces Results of 5 Trenches Across Zone 4 from Trenching Program at Namarana Gold Project in Mali Stellar AfricaGold Inc. announced the results of the 5 trenches across Zone 4 from the trenching program at the Namarana Gold Project in Mali. Stellar announce the assay results from Zone 4 of the mechanized trenching program at the Namanara Gold Project. New results include 4.40 g/t Au over 10.0 meters (including an internal interval of 20.85 g/t Au over 2.0 meters) and 11.48 g/t Au over 4.0 meters. These new results from all 5 trenches of Zone 4 are very consistent with the previous results of trench T4-2 which included 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). With these results Stellar can confirm the discovery of an extensive high-grade gold structure on Stellar's 100% owned property in Mali. Planning for a follow-on drill program is underway. The Namanara trenching program called for a total of eleven trenches, five trenches on site T4 reported here, four trenches on site T3 and two trenches on site T6. All trenches have been completed, sampled and the assays sent for assaying. As reported on March 8, 2022, visually all trenches appeared to have intersected the targeted mineralized zones and the assay results from the trenches at Site 4 appear to corroborate that visual inspection. Assay results from trenches at sites 6 and 2 are pending and will be released once they have been received and compiled. The high-grade intercepts of trenches T4-3, T4-4 and T4-5 indicates that the mineralized zone extends towards the S/E. The contractor stopped trenching at T4-5 as it reached the S/E due to the thickness and the hardness of the hard pan cover. However, these results are sufficiently encouraging that Stellar has begun planning for a RC drill program to follow up on the extension of the T4 structure. Meanwhile, Stellar is waiting for the results of 2 trenches T6-1 and T6-2 located along strike approximately 1.5 km to the S/E. The mineralisation observed in those 2 trenches appears to be similar to the mineralization in the T4 zone. 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. The gold showings at those artisan mine sites are closely associated to and located along a major NW-SE structure at the contact or near the contact of a 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. Announcement • Mar 10
Stellar AfricaGold Inc. Announces the First Results from the Trenching Program at the Namarana Gold Project in Mali Stellar AfricaGold Inc. announced the first results from the trenching program at the Namarana gold Project in Mali. Stellar has received encouraging results from the trenching program 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 trenches appear to have intersected the targeted mineralized zones. Eleven trenches have been completed to date: five trenches on site #T4, four trenches on site #T3 and two trenches on site #T6. 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 show 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. 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. 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. This main structure cuts diagonally at N1300 across the entire Namarana property 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. 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 130 o 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. 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. Announcement • Feb 22
Stellar AfricaGold Inc. Reports Discovery of Third Structure at Tichka Est in Morocco Stellar AfricaGold Inc. announced the discovery of a third gold mineralized structure with over one kilometer of strike length and trenches assaying as high as 5.81 g/t Au over 4 meters in the fourth trenching program at the Tichka Est Gold Project in Morocco. Zone C Trenching Program: The Zone C trenching program consisted of a surface program of six hand dug 1-meter-deep trenches across an EW striking quartz-Ankerite-sulphides structure with apparent sulfides, pyrite, arsenopyrite, chalcopyrite and iron oxide hosted in a very broken and deformed schist unit discovered during the initial stream sediments sampling program on the new Permit 3738989. This first phase of the Zone C Structure trenching program confirmed significant gold mineralization over greater than one kilometer of strike length with widths of up to 7 meters. Significant assay results include: Trench C1: 3.58 g/t Au over 2 meters, Trench C2 5.81 g/t Au over 4 meters, Trench C3: 3.14 g/t Au over 4 meters, Trench C4: 5.66 g/t Au over 1 meter and 0.92 g/t Au over 7 meters, and Trench C5: 0.88 g/t Au over 2 meters. Stellar is continuing to explore the Zone C structure by adding additional in-fill trenches to the eastern extension and between Trench C1 and Trench C2. Stellar plans to include drilling of this new Zone C in the planning of the initial drill programs for Zones A and B structures. Moreover, and important to note here, that the gold anomalies located by the stream sediments program and identified as Zone 5 appear closely associated to the Zone C gold structure which indicates that the analysis of stream sediments is an effective tool for locating mineralization in the Tichka Est region. Overall. the stream sediments program results identified 6 gold anomalies, 5 of which have not yet been investigated but will be explored in forthcoming exploration programs. Technical Information and Quality Control/Quality Assurance Notes: The trenches were excavated across the Zone C using hand tools to an average depth of 1.5 metres. The trenches were mapped at a scale of 1:100 and channel sampled at 1 metre intervals using a mechanical rock saw for a better sample accuracy as recommended in Stellar's Technical Report of November 15, 2020. Sample collection was done by two experienced senior local geologists under the supervision of 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 African Laboratory for Mining and Environment (Afrilab) in Marrakech for analysis. 101 samples were sent to the lab for this program. In addition, for the purpose of quality control, 4 standards, 4 duplicates and 4 blanks samples were added to the batch and except for the duplicate that is showing a probable nugget effect, the standards and blanks are well within the acceptable limit. The blank sample values were all below the detection limit for gold. Announcement • Feb 16
Stellar AfricaGold Inc. Updates Construction of Access Road to Drill Sites At Tichka Est Gold Project, Morocco Stellar AfricaGold Inc. announced that construction of the drill sites access road at Stellar's Tichka Est Gold Project in Morocco is wellunderway. The access road to the Tichka Est gold zones A and B is fully permitted and construction is underway. Final permitting of the access road project followed government submissions and local communitycomsultations, and complied with all mandated conditions.The estimated completion date for the road construction is approximately April 15, 2022. This is mainlydue to the terrain which, because of the lack of space on the steep mountain flank, does not allow formore than one crew and one machine at a time to work on the leading end of road. Announcement • Feb 09
Stellar AfricaGold Inc. Completes Stream Sediment Sampling of New Permits Adjacent to Tichka Est Project in Morocco and Identifies Gold, Silver, Copper, Lead and Zinc Anomalies Stellar AfricaGold Inc. announced the positive results of the recently completed stream sediments sampling program covering 100% of Permits 3738988 and 3738989 which the Moroccan Office Nationale des Hydrocarbures et des Mines ("ONHYM") recently included in the Tichka Est Project exploration agreement. The two permits, which cover 28 km2, are to the North and East of Permit 183369 which hosts gold structures A and B previously announced. See Figure 1 below. Stream Sediments Results: The stream sampling program which was conducted by Atlas GéoServices of Marrakech, Morocco revealed seven zones of anomalous mineralization including both precious and base metals. The seven anomalous zones included combinations of gold, silver, copper, lead and zinc and each zone includes from two to five minerals except Zone 7 which is purely a silver anomaly. To summarize the stream sampling program identified: 6 zones anomalous for gold (Au); 5 zones anomalous for silver (Ag); 2 zones anomalous for copper (Cu); 3 zones anomalous lead (Pb); 3 zones anomalous zinc (Zn). In conclusion, Stellar is very encouraged with the results of this program. The discovery of strong anomalous zones of both precious metals (gold and silver) and base metals (copper, lead and zinc) warrants immediate follow-up exploration. Stellar's technical crew is on site searching for up-stream surface occurrences of new mineralized structures which will add to structures A and B already identified at surface with gold mineralization in trenches over an aggregate strike length of over 1,200 metres. All new identified surface areas of interest will be sampled and trenched and the data included in the planning of upcoming drilling programs. Methodology, technical information and quality control notes: Stellar mandated Atlas GéoServices of Marrakech, Morocco, to design and complete an extensive stream sediments sampling programs on two new permits which appear to share geology similar to the permits hosting discovery structures A and B. The stream sediments sampling program consisted of first tracing the drainage network of the area on a Google earth image and then systematically sampling the main watercourses as well as the primary tributaries. The objective was to locate gold and base metals anomalies in the fine sediments in the beds of the streams and tributaries to better focus further prospecting upstream and locate the source of any in situ precious and base metals. A total of 140 samples were taken in the active beds of major streams and their primary tributaries. Each sample was screened on site to remove large fraction material and smaller fraction materials were bagged for assay and sent to the African Laboratory for Mining and Environment ("Afrilab") in Marrakech, Morocco, where samples were crushed and screened to -125 microns for Fire Assay for gold and ICP analysis for base metals. Sample collection was conducted by two experienced senior geologists of Atlas GéoServices under the supervision of Yassine Belkabir, Stellar's Director in Morocco, and Dr. Ali Saquaque, Stellar's Technical Advisor for Africa. The samples were bagged on- site and stored in safe areas until being transported to Afrilab in Marrakech for analysis. In addition to the 140 samples and for the purpose of quality control, 24 extra samples were added to the batch, 8 standards, 8 duplicates and 8 blanks samples. Two standard grades were used in this case. All standards analysis results fall within the tolerance range of the original samples. The duplicates all show the reliability of the analysis. The blank sample values were all below the detection limit for gold. Announcement • Feb 02
Stellar Africagold Inc. Submits Environmental Impact Assessment and Launches Trenching Program on Priority Gold Targets At Namarana Gold Project in Mali Stellar AfricaGold Inc. announced that in accordance with the exploration convention agreement for the Namarana Exploration Permit, a Notice d'Impacts Environmental et Social of the proposed first-year exploration program on the Namarana Solofara Permit was completed and filed with the Mali government authorities. Stellar is commencing mechanical trenching program of over 1,000 meters on priority gold targets on the Namarana Permit where a total of 11 artisan mine sites have been mapped and sampled. Mechanized Trenching Program: Stellar has mobilized crews and heavy equipment to begin trenching at Namarana. The purpose of the trenching program is to clearly define the mineralized zone and to demonstrate a lateral extension. Definition of the mineralized gold zone is essential to maximize the effectiveness of subsequent drilling programs. The mechanical trenching program will consist of digging 10 to 15 trenches of 50 to 100 meters in length to a depth of 3 meters across identified mineralized structures. The trenches will be mapped and sampled at 1-meter intervals in the mineralised sections. A total of a minimum of 1,000 linear meters is budgeted for this initial program. Stellar will start the trenching program on Site 4, the most prolific artisan mine site in the area, where historical high-grade grab samples by Newmont/Stellar in 2012 returned an impressive 48.4g/t Au in a grab sample taken from an outcropping brecciated and very oxidized quartz veins. The program will cut trenches across the entire structure that run N140o to N170o as observed in outcropping quartz veins and in artisans' pits. Although Site # 4 is defined as a top priority, the same approach will be applied at Sites 3, 5 and 2, all of which have shown noteworthy gold mineralization. Announcement • Dec 19
Stellar AfricaGold Inc. Completes 11 New Trenches on Gold Mineralized Structures at Tichka Est Gold and Base Metals Project, Morocco Stellar AfricaGold Inc. announced the completion of eleven new trenches on the Tichka Est Gold and Base Metals Project in Morocco. Stellar has proceeded with an infill trenching program building upon the positive results from its first campaign completed during the second quarter of this year on it 90% earn-in Tichka Est Gold and Base Metals Project in Morocco. This expanded program is headed by Dr. Saquaque and his team which also conducted the earlier program. The general area of the Tichka Est project, which is in the High Atlas Mountain region approximately 160-kilometres southwest of Marrakech, is accessible by existing well-maintained national roads, Stellar is planning the construction of a new road to allow exploration vehicles and drill equipment to access the specific drill ready structures at Zones A and B of the Tichka Est permits. As previously announced, exceptionally steep terrain and hard rock required that the access road to drill-ready Zones B and A gold structures be re-routed including making applications for additional road construction permits. Permitting for the new road construction is advancing well and now that proposed route has been accepted in principle detailed surveying of the proposed route will be conducted in the coming weeks. The initial trenching of the Zones B and A gold structures during second quarter of 2021 reported numerous mineralized intersections with grades as high as 3.36 g/t Au over 10.0 meters including an interval of 8.73 g/t Au over 3.0 meters in Zone A, and 4.55 g/t Au over 15 meters including an internal of 7.47 g/t Au over 6.0 meters in Zone B. These very encouraging surface results greatly justified the positioning of new infill and extension trenches. To get a better surface definition of both A and B structures before drilling, Stellar mandated a geological crew consisting of one senior and one junior project geologists and some local labourers to dig 8 new trenches totalling 160 linear meters across the B structure and 3 new trenches totalling 60 linear meters across the A structure. Each trench was channel sampled mechanically on its entire length with a rock saw and 1 metre intervals samples were bagged and send to laboratory. 200 samples have already been collected and sent to AFRILAB Laboratory of Marrakech for gold analysis. The objective of this program is to seek the lateral extensions of both the A and B zones, and to confirm the grades consistency along these two structures before planning the drill program. The results of this trench sampling program will be announced as soon as assays are received, reviewed and compiled by Dr. Saquaque. The geological crew has been based in the nearby village of Analghi which is the most convenient place from which to access the A and B mineralized structures and can provide all necessary facilities to accommodate the crew. The village also has sufficient local laborers necessary for the execution of an expanded exploration program. The geological team before the expanded tranching program was under the direct supervision of Stellar's technical advisor Dr. Ali Saquaque in Marrakech and of Stellar director Yassine Belkabir who is also a Senior Technical Advisor and Qualified Person for Stellar AfricaGold. The Tichka Est Property lies within the High Atlas Western Domain about 160 km SSW of the city of Marrakech. The area is accessible year-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. Announcement • May 21
Stellar AfricaGold Inc. Provides an Update on Its Exploration Activities in Morocco and Mali to May 15th 2021 Stellar AfricaGold Inc. provided an update on its exploration activities in Morocco and Mali to May 15th 2021. Stellar continued to evaluate trenching results from its Tichka Est Gold Project to determine more accurately the drill pad locations in Zone A and B for the forthcoming Phase 1 drill program. Design and construction of access road is challenging as it must traverse over six kilometers up steep mountain terrain along the valley contours, maximize site access for both Phase 1 drilling program and future programs, all while minimizing the overall construction and maintenance cost. Interested local contractors with good experience of these conditions were short listed and have been invited to make a site visit within the forthcoming week. Formal bids for the road and drill pad construction on an expedited basis are being requested and are expected to be tendered prior to the end of May. Management anticipates that the contractor will be selected and the construction contract issued shortly thereafter. Concurrently, bids for the drill program are also being sought. Details of the proposed Phase 1 drill program will be announced in the near future. Announcement • Jan 29
Stellar AfricaGold Inc. Launches Preliminary Reconnaisance Program at Prikro Permit, Côte d'Ivoire Stellar AfricaGold Inc. announced that the Company has launched a preliminary reconnaissance program on the Prikro Permit in Côte d'Ivoire. A preliminary reconnaissance program is underway at the Company's Prikro Permit in Côte d'Ivoire, a 369.5 km2 exploration licence located in the Prikro and Koun-Fao Departments in eastern Côte d'Ivoire, approximately 240 km northeast of Abidjan. Originally, the licence was selected due to the presence of historical reported gold occurrences, prospective geology, and the existence of artisanal workings in the surrounding areas including along strike of a major NE-SW trending shear zone which is interpreted to traverse the licence area across its southern half. Birimian-age greenstone rocks reportedly crop out extensively across the Prikro licence which are the dominant host setting for gold deposits across West Africa. The preliminary reconnaissance program is being conducted by a local team lead by Dr. Lionel Boya and under a daily supervision by Maurice Giroux, the Company's COO and V.P. Exploration. This initial program has two main objectives: a) to establish the social protocols with all local authorities in the region and to introduce Stellar as the new owner and operator on the Prikro permit, and b) to conduct a preliminary prospection and a geological overview of the permit area with a special attention to any indication of present and past artisanal gold mining in the area. The establishment of social protocols is essential to the smooth operation of all future exploration programs. Dr. Boya has met with all Préfets, Sous-Préfets and village Chiefs who were briefed about the new owners of the Prikro Permit and Stellar's plans for future exploration programs were explained. Stellar's delegation was warmly welcomed and permissions were granted for future exploration within the permit boundaries. The technical objectives of this initial field visit are to survey for new or historical artisanal mining activities, to provide a general description of prevailing geology and to begin sampling the gold bearing structures observed in those historical mining sites. Dr. Boya reported observing and being informed of both significant mechanized gold dredging and artisanal placer mining activity along the Comoé River that transverses the Prikro Permit NW-SE dividing the Permit into the east and west sides. The presence of sufficient coarse gold in river sediments to warrant dredging and artisanal placer mining was encouraging for future exploration. The conclusion and recommendations of this initial program will be the base of the planning for the next phase of a more extensive exploration program that Stellar intends to start as soon as sampling assay results and the final reconnaissance report is available. Announcement • Jan 06
Stellar AfricaGold Inc. Completes Independent Technical Report on the Potential of the Tichka Est Gold Project in Morocco Stellar AfricaGold Inc. announced the completion of an Independent Technical Report ("the Report") on the potential of the Tichka Est gold project in Morocco. The Report presents a summary of the available technical data from previous exploration activities conducted by ONHYM (the "Office National des Hydrocarbures et des Mines'' of Morocco) on the Tichka Est Gold Project. It also discusses the results of the due diligence validation program completed by Stellar in June 2020. Although 6 anomalous gold zones were outlined by ONHYM stream sediments programs and confirmed by Stellar due diligence sampling, Zones A and B warrant priority attention. The Zone A prospect was outlined by a cluster of 85 anomalous gold-in-stream sediment samples over an area of 27.15km2 with assay values ranging from 21 ppb to 17.06 g/t Au. It was prospected with 9 trenches distributed at regular intervals along a strike length of 400 m. The gold mineralization was found along a steeply dipping ENE-WSW striking regional shear zone that was traced on surface for about 400 m along strike. The shear zone is injected with narrow quartz veins (0.4 to 1.2 m wide) and swarms of veinlets running near and parallel to the intrusive contact with a micro-granitic porphyry dyke. They are, strongly brecciated and mineralized with disseminated and locally semi-massive pockets of pyrite and arseno-pyrite. In outcrops, the sulfide minerals are strongly altered to hematite, goethite, limonite and other alteration products. The Zone B gold prospect is located about 3.0 km north of the village of Analghi. It was outlined by 27 anomalous stream sediment samples with grades ranging from 33 ppb to 22.33 g/t Au over an area of 6.38 km2. The area was prospected and 10 trenches excavated across the structure over a strike length of 300 m. The trenches exposed a wide brecciated fault zone running ENE-WSW in a highly deformed, altered and fractured sedimentary sequence. Anomalous grades of 0.1 to 4.0 g/t Au over 1.0 m are reported. Within the brecciated sections of the shear zone, the best gold assays are in gossans.