The Conversation (0)
(TheNewswire)
 | |||||||||
Vancouver, British Columbia August 27, 2025 TheNewswire - Stellar AfricaGold Inc. (TSX-V: SPX) ("Stellar" or the "Company") is pleased to announce the completion of drill hole TCK-001 at the Company's Tichka Est Gold Project, Morocco and the grant of 650,000 Performance Share Units "(PSUs") to director and consulting geologist Dr. Paul Kitto.
Tichka Est Drill Program
The Company has successfully completed drill hole TCK-001, at an azimuth of 65° and a dip of -45° to a total depth of 225 meters, as part of the 1,500-meters summer diamond drill program at the Zone B gold discovery, an area of approximately one square kilometer within the 82km 2 Tichka Est Gold Project, Morocco.
Highlights:
-
Diorite sills hosting quartz-arsenopyrite-pyrite veining were intersected , confirming the geological model established from trenching and structural mapping.
-
Multiple horizons of fractured diorite were intersected between 82 meters and 176 meters depth, including:
-
82 m to 104 m – 21.3 m of diorite sill
-
120 m to 136 m – 15.6 m of diorite sill
-
164 m to 176 m – 12.4 m of diorite sill
(Note : The down hole subhorizontal diorite sill intersections are not a true thickness. The true thickness is not known.)
-
Downhole observations, including subhorizontal diorite sills with quartz-arsenopyrite-pyrite veining are consistent with geological features observed in surface trenches where gold mineralization was previously reported. Assay results will be required to confirm whether these geological features are mineralized at depth.
-
Logging of drillhole TCK-001 indicates that potential mineralization is predominantly vein-hosted and fracture-controlled, with subvertical quartz ± sulphide veins crosscutting the host diorite and carbonate units.
Sample Preparation and Assays
All mineralized intervals from TCK-001 have been logged and marked for sampling. In accordance with Stellar's Standard Operating Procedure (SOP) for core handling and sampling:
-
Core has been photographed, logged, and oriented using REFLEX ACTIII tool.
-
Cores will be cut using a diamond saw, with half-core retained for reference.
-
QA/QC protocols have been prepared, including the insertion of blanks, standards, and duplicates at regular intervals.
-
Samples will be securely bagged, sealed, and transported under chain-of-custody procedures to Afrilab Morocco in Marrakech for gold assay by fire assay with atomic absorption finish.
The first batch of samples is expected to be dispatched to Afrilab in the coming days, with assay results anticipated in September.
Commentary
Stellar President and CEO J. François Lalonde: "Intersecting the diorite sills in our first drillhole as was anticipated is a strong validation of the exploration model. These geological features are directly comparable to the gold-bearing horizons exposed in surface trenches. We are eagerly awaiting the assay results, which will support the success of the ongoing drilling campaign and provide further evidence for the gold potential of Structure B at Tichka Est."
Performance Share Units Granted
Pursuant to its shareholder-approved Omnibus Long-term Incentive Plan (the "LTIP"), Stellar has granted 650,000 Performance Share Units to Dr. Paul Kitto, a director of and geological consultant to the Company, contingent upon the Company achieving a total of 600,000 ounces of Inferred and Indicated gold resources.
Each PSU allows the holder to acquire one common share of the Company (a "Common Share") for nil consideration upon certain performance conditions being met, namely, the common Shares will issue upon the Company defining cumulative National Instrument 43-101 compliant Inferred and Indicated gold resources as follows:
-
(i) 250,000 shares upon achieving the first 100,000 ounces of gold resources,
-
(ii) 250,000 shares upon achieving an additional 250,000 ounces of gold resources, and
-
(iii) 150,000 shares upon achieving an additional 250,000 ounces of gold resources.
TOTAL: 650,000 shares upon achieving a total of 600,000 ounces of gold resources.
In accordance with TSX-V Policy 4.4 none of the PSUs will vest earlier than 12 months from the date of grant. The PSU grant is subject to the acceptance of the TSX Venture Exchange.
Dr. Kitto joined the Board of Directors in March, 2025 bringing to Stellar his over thirty years' experience working within the mining industry. In addition to serving as Exploration Manager, Africa for Newcrest Mining Ltd., Dr. Kitto has served on the boards of and consulted to numerous publicly-traded resource exploration companies and has led or been part of exploration teams that discovered numerous multimillion-ounce gold deposits in Africa, Australia and Papua New Guinea. Dr. Kitto has extensive experience associated with a wide range of deposit types, predominantly associated with gold and base metals.
About the Tichka Est Gold Project
The Tichka Est Gold Project is comprised of seven permits covering an area of 82km 2 located in the High Altas region of Morocco approximately 90km south of Marrakech. Under an earn-in agreement with Morocco's National Office for Hydrocarbons and Mining (ONYHM) Stellar can earn an 85% interest after incurring exploration expenditures totaling US$2.39M (C$3.5M) over three years.
To date early-stage exploration (mapping, sampling, trenching and a small first pass RC drill program) has identified three gold-bearing zones: Zone A extending over 450 meters along strike, Zone B: extending over two kilometers along strike and Zone C extending over two kilometers along strike. Additionally, regional stream sediment sampling over a 12km 2 area surrounding the three known gold zones identified numerous other anomalous metal zones that warrant further mapping and sampling. These new zones of mineralization include: 6 zones anomalous for gold, 5 zones anomalous for silver, 2 zones anomalous for copper and 3 zones anomalous lead and zinc. Most of the overall property areas are unexplored or only superficially explored.
For more detailed information on the Tichka Est Gold Project readers are referred to Stellar's website at www.stellarafricagold.com .
About Stellar AfricaGold Inc.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company focused on precious metals
in 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 symbol 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, including statements regarding the grant of PSUs, the potential vesting of such PSUs upon the achievement of future production milestones, the issuance of common shares of the Company upon settlement of vested PSUs, and the acceptance of the TSX Venture Exchange.
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.
