Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), is pleased to announce the first outstanding intersections received from its reverse circulation drilling programme on its Ashburton project in Western Australia. The results confirm the mineralisation and its downdip continuation at the Angelo A prospect.
HIGHLIGHTS
The continuing drilling programme is being undertaken at, and along strike of, the Angelo A prospect. No exploration activities have been carried out at Angelo A over the last 40 years.
Table 1: Angelo A Reverse Circulation drill hole intersections (cut-off grade of 250ppm eU3O8)(All thicknesses are downhole thicknesses as there is currently insufficient information to accurately calculated true widths)
Table 2: Drill hole details of holes referenced above(Table 2 documents the drill hole location details. Coordinates are reported in GDA94)
*ARCD005 is a pre-collar to a planned diamond drillhole which will be completed on arrival of the diamond drill rig
The drill rig will move to Angelo B prospect, approximately 1.3km to the northeast, following the completion of the Angelo A drilling.
This programme will be followed by a diamond drilling programme scheduled for later this month. These drilling programmes are planned to confirm the results from previous exploration by drilling several twin holes, to test a revised model for the control of the uranium mineralisation and explore for extensions to the mineralisation identified between 1973 and 1984.
The project area is located approximately 140km to the west-southwest of Newman in the Pilbara region of Western Australia (Figure 1). Piche holds three tenements totalling about 122km2 in its Ashburton Project (Figure 2).
Piche’s Managing Director, Stephen Mann, commented:
“The Company is very excited following the receipt of results from the first six holes of Piche’s initial drilling programme on its Ashburton Project. Not only have we confirmed the historical results with several twin holes, but we have shown that the mineralization continues downdip. Drilling to date has confirmed that mineralisation occurs within the typical unconformity model, with highly altered uranium rich sandstones at the unconformity, and the potential of mineralized “feeder” zones extending steeply below that unconformity zone. It is expected that further drilling in this campaign should result in more clarity of the distribution and controls of mineralization”.
Previous explorers at the Ashburton Project area focused their efforts on the unconformity between the mid Proterozoic sandstones and the early Proterozoic basement complexes.
The Ashburton Project area hosts unconformity-related uranium mineralisation. Unconformity uranium style deposits constitute approximately 20% of Australia’s total uranium resources and about one-third of the western world’s uranium resources and include some of the largest and richest uranium deposits2. Minerals are uraninite and pitchblende. The main deposits occur in Canada (the Athabasca Basin, Saskatchewan and Thelon Basin, Northwest Territories); and Australia (the Alligator Rivers region in the Pine Creek Geosyncline, NT and Rudall Rivers area, WA1). In both Canada and Australia mineralisation is often found at the unconformity and in the basement complex well below the unconformity.
Uranium mineralisation at the Ashburton Project area occurs along the Lower Proterozoic Wyloo Group/Mid Proterozoic Bresnahan Group contact. Uranium mineralisation has previously been identified from broad spaced drilling at Angelo A and B prospects (Figure 3). Mineralisation intersected in this first phase of drilling by Piche has identified significant uranium at, or near the unconformity, but also in units immediately above the unconformity and well into the underlying basement units. Mineralisation is commonly associated with hematitic alteration of felspathic medium to coarse grained sandstones and is spatially associated with carbonaceous and graphitic shales. Visible uraninite has been recognised in several intersections.
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This article includes content from Piche Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.
Targeting globally significant uranium and gold discoveries in Australia and Argentina
(TheNewswire)
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Vancouver, British Columbia TheNewswire - October 2, 2025 - Stellar AfricaGold Inc. (TSX-V: SPX) ("Stellar" or the "Company") is pleased to report significant assay results from its first drill hole at the Tichka Est G old P roject, 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 82km 2 permit area in Morocco.
Highlights
(Composite interval s include 0.1g/t Au cut-off & maximum internal dilution of 3m.)
Figure 1. High grade (22.28 g/t Au) mineralized section of Diorite sill 2
Table 1: Assay Highlights
| Hole ID | Length (m) | Azimuth (°) | Dip (°) | From (m) | To (m) | Interval Length (m) | Gold (g/t) |
| TCK-001 | 201.9 | 65 | -45 | 83 93 | 99 94 | 16 including 1 | 1.98 11.55 |
| 125 125 | 138 127 | 13 including 2 | 6.12 22.28 |
(Note : The down hole intersections are not a true thickness. The true thickness is not known.)
Click Image To View Full Size
Figure 2. A cross section of TCK-001 highlighting the two zones of gold mineralization
hosted within sub-horizontal diorite sills .
Click Image To View Full Size
Figure 3. A plan section showing location of TCK-001 drill hole (top of image) relative to the surface mechanical trenches and the previous RC drill campaign (center and lower of image).
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:
These intersections support the geological model developed for Tichka Est Zone B and provide strong encouragement for expansion of the drilling program.
Diamond d rilling 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
Management Commentary
"Drill hole TCK-001 at Tichka Est has confirmed the presence of a very promising gold system," said J. François Lalonde, President and CEO of Stellar AfricaGold. "With mineralization now confirmed at depth, we are becoming increasing confident in the potential of the Tichka Est Gold Project and are excited to expand both our current drilling program to test continuity of mineralization and additional new targets as we advance the Zone B gold discovery. Additionally, our surface reconnaissance exploration of the numerous other areas of interest within the 82km 2 permit area of Tichka Est will continue."
"Alongside these exciting results, Stellar wishes to announce the relaunch of our Company newsletter . The revamped newsletter aims to keep stakeholders and shareholders informed with transparent, timely updates. Subscribe here to be the first to receive corporate updates, press releases, and third-party media coverage as it breaks."
About the Tichka Est Zone B Gold Discovery
The identified Zone B structures are within an approximately 1 km2 area of the 82 km2 total area of the Tichka Est Gold Project. 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 meters 1 , MT2 1.52 g/t gold over 39.7 meters and 1.58 g/t Au over 8.6 meters 4 , MT3 1.27 g/t gold over 80 meters 4 , T7B 3.4 g/t gold over 20 meters 3 , T6B 3.4 g/t gold over 17 meters 3 , and T2B 4.56 g/t gold over 15 meters 2 . Zone B is the primary exploration target for 2025 although Stellar will continue reconnaissance exploration throughout the Tichka Est Gold Project permits area.
1 News Release October 4, 2022
2 News Release April 19, 2021
3 News Release October 25, 2021
4 News Release January 25, 2022
Technical Disclosure
The drilling campaign at Tichka Est is being conducted by two geologists from the African Bureau of Mining Consultants, under the supervision of Mr. Yassine Belkabir.
Diamond drilling was conducted using HQ diameter core. Core runs were retrieved every 3.0 m or less, with recovery measured and recorded for each run. Average recovery in reported intervals exceeded 99%. Core was oriented with a Reflex ACT III tool, photographed (wet and dry), and logged for lithology, alteration, mineralization, and structure.
Sampling intervals for assay were typically one metre in length, defined by geological boundaries. Core was cut with a diamond saw, half-core archived, and half-core submitted for analysis.
Sample preparation and assaying were performed by Afrilab in Marrakech , an ISO-certified laboratory independent of the Company. Samples were crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 μm. Gold assays were performed using 50 g fire assay with an atomic absorption spectroscopy (AAS) finish . Over-limit assays (>5 g/t Au) were re-assayed with gravimetric finish.
QA/QC program consisted of 8 reference materials (standards) and 8 blanks inserted by geologists at regular intervals. In addition, Laboratory QA/QC protocols included internal blanks, standards, and duplicates, with performance reported to the exploration team for independent review. No material QA/QC issues were noted in the batches reported.
About Stellar AfricaGold Inc.
Stellar AfricaGold Inc. is a Canadian precious metal s exploration company focused on North and West Africa, with active programs in Morocco and Côte d'Ivoire. Stellar's principal exploration projects are its advancing gold discovery at the Tichka Est Gold Project in Morocco, and its early-stage exploration Zuénoula Gold Project in Côte d'Ivoire.
The Company is listed on the TSX Venture Exchange ( TSX.V: SPX ) , the Tradegate Exchange ( TGAT: 6YP ) and the Frankfurt Stock Exchange ( FSX: 6YP ) .
The Company maintains its head office in Vancouver, BC and has a representative office in Casablanca, Morocco.
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 and CEO J. François Lalonde can be contacted at +1 514-994-0654 or by email at lalondejf@stellarafricagold.com
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 news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are based on expectations, estimates and projections as at the date of this news release and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, the Company not achieving the production milestones described herein, changes in business plans or commodity prices, failure to obtain regulatory approvals, and the risk factors described in the Company's most recent Management's Discussion and Analysis and Annual Information Form, which are available on SEDAR+ at www.sedarplus.ca . Forward-looking statements are not guarantees of future performance and should not be unduly relied upon. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements contained herein.
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.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Mount Hope Mining’s strategic location in the prolific and resource-rich Cobar Basin, which has seen a surge of exploration and M&A activity in recent years, positions the company as a compelling investment proposition. With its maiden drilling program now underway, Mount Hope is transitioning from target generation to resource definition, supported by a strong pipeline of prospects and a clear development pathway.
Mount Hope Mining (ASX:MHM) is an Australian resource company specializing in copper and gold exploration. With its flagship project located in the Cobar Basin of New South Wales, Australia, the company leverages the region's rich mining history and underexplored potential.
Through the acquisition of Fisher Resources, a subsidiary of Unico Silver, Mount Hope secured full ownership of the Mount Hope project, which now extends across 422 sq km. This large-scale landholding provides exposure to two major mineralised fault corridors — the Sugar Loaf Fault and the Scotts Craig Fault — both controlling structures for significant copper and gold mineralisation.
The Cobar Basin has seen a flurry of significant mining activities in recent years, underscoring the region's robust potential for polymetallic resource development. One of the most recent examples of increasing M&A activity in this region is Harmony Gold’s US$1.03 billion acquisition of MAC Copper and the producing CSA copper mine in May 2025. In August 2024, Polymetals Resources (ASX:POL) finalized the acquisition of the Endeavor Mine, located 40 kilometers north of Cobar, which boasts JORC-compliant resources of 16.3 million tonnes grading 8 percent zinc, 4.5 percent lead, and 84 grams per ton (g/t) silver. In 2023, Metals Acquisition (NYSE:MTAL) successfully acquired the CSA copper mine from Glencore, further signalling the growing investment attractiveness of the Cobar Basin as a major hub for copper production.
These activities highlight a dynamic and competitive landscape that Mount Hope Mining can leverage for its own exploration strategy.
In 2025, Mount Hope launched its inaugural drilling campaign, targeting Mt Solitary for resource definition, and testing new greenfield prospect, including Blue Heeler and Black Hill. This marks a significant milestone as the company works toward defining its maiden JORC mineral resource estimate.The Mount Hope project is the company’s flagship exploration asset, strategically located in the southern Cobar Basin. It comprises five granted exploration tenements (EL6837, EL8058, EL8290, EL8654, EL6902) spanning 422 sq km.
The project area is historically significant, hosting copper and gold mining since the 1870s. Historical production at the Mount Hope mine includes ~7,891 tonnes of copper metal at 10.5 percent copper between 1878 and 1919, with a further 4,000 tonnes mined in 1942. Despite this long history, the region remains underexplored with significant potential for “Cobar-style” polymetallic discoveries.
In addition to these advanced targets, Mount Hope has identified more than 40 early-stage prospects, consolidating a district-scale exploration pipeline across two major fault systems..
The Mount Hope project benefits from its strategic location within the Cobar Basin, an established mining district with access to infrastructure and services. The recent resurgence of mining activity in and around the Cobar Basin, as demonstrated by Polymetals Resources’ acquisition of the Endeavor mine, and Metals Acquisition’s purchase of the CSA copper mine, underscores the region’s significance as a hub for resource development.
Mount Hope Mining aims to build on this momentum, leveraging both historical data and cutting-edge exploration methodologies to maximize the project’s potential. With its focus on copper and gold, commodities essential to green technologies and global markets, the Mount Hope project is well-positioned to contribute to the growth of Mount Hope Mining and the broader Australian resource sector.
Fergus Kiley plays a pivotal role in driving Mount Hope Mining’s exploration and growth strategies. He previously served as Senior Geologist and Technical Business Development Lead at Wyloo, one of Australia’s largest private natural resources investment groups. This role honed his expertise in exploration, geological modeling and project evaluation. Kiley also serves on the board of Grand Gulf Energy (ASX:GGE) and has over a decade of experience managing exploration programs for various ASX-listed companies. His leadership at Mount Hope focuses on leveraging modern exploration techniques and building partnerships to unlock the potential of the Mount Hope project.
Ben Phillips provides strategic oversight and governance to Mount Hope Mining. Appointed on July 5, 2024, he plays a vital role in ensuring the board operates effectively and aligns with the company’s objectives. Phillips’ leadership in other ventures and his focus on strong corporate governance bring additional credibility to Mount Hope’s public presence. His insights into the mining sector and his strategic vision position the company for sustainable growth.
Todd Williams brings significant expertise in mining exploration and operations, particularly within the Cobar Basin. He is currently the managing director of Unico Silver (ASX:USL) and a Non-executive director of Orpheus Uranium (ASX:ORP). As the former owner of the Mount Hope project through Unico, William's historical knowledge of the tenements is an invaluable asset. His extensive work in the region strengthens Mount Hope’s technical and operational strategies.
