- Stellar AfricaGold (TSXV:SPX) published new soil samples on its Zuénoula joint venture in Cote d’Ivoire delineating 18 kilometres in new strike length spanning three major gold-anomalous trends yielding up to 1.24 grams per ton of gold.
- The Canadian-based gold mining company is active in Morocco and Côte d’Ivoire.
- Stellar AfricaGold stock has added 6.25 per cent year-over-year but has given back 86.92 per cent since 2021.
Stellar AfricaGold (TSXV:SPX) published new soil samples on its Zuénoula joint venture in Cote d’Ivoire delineating 18 kilometres in new strike length spanning three major gold-anomalous trends yielding up to 1.24 grams per ton of gold.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The trends are parallel to major regional structures and remains mostly open to the northeast, increasing their potential for exploration upside, with 388 assays pending and an additional 1,100 soil samples planned across the Zuénoula permit.
The company is considering an auger drilling program for the upcoming wet season (June to September) to define prospective targets, foster news flow into Q3 and optimize a dry season drilling program in Q4.
Zuénoula covers a 395.78-square-kilometer early-stage exploration permit, with joint venture partner MetalsGrove Mining holding the option to earn up to a 50 per cent interest by paying up to US$3 million in exploration expenditures and an up to 80 per cent interest by paying up to US$6 million in expenditures.
The project complements Stellar AfricaGold’s flagship Tichka Est gold project in Morocco, which also hosts multiple kilometres of gold-mineralized strike length.
Leadership commentary
“These latest soil sampling results continue to highlight the strong gold discovery potential emerging at our Zuénoula permit in central-west Côte d’Ivoire,” J. François Lalonde, President and Chief Executive Officer of Stellar AfricaGold, said in Monday’s news release. “The emerging 18 km combined multiple northeast-trending gold-anomalous trends, including a peak soil sample assay result of 1.24 g/t gold located near the border of the Zuénoula permit, provides increasing confidence in the general northeast anomalous trend and reinforces the broader district-scale potential of the Zuénoula permit.”
“With three field crews currently completing expansive infill soil sampling programs and further assay results pending, we believe the Stellar-MetalsGrove joint venture Zuénoula gold project is rapidly advancing towards the definition of multiple potential drill targets ahead of planned drilling activities later this year,” Lalonde concluded.
About Stellar AfricaGold
Stellar AfricaGold is a Canadian-based junior gold mining company active in Morocco and Côte d’Ivoire.
Stellar AfricaGold stock (TSXV:SPX) opened unchanged trading at C$0.085. The stock has added 6.25 per cent year-over-year but has given back 86.92 per cent since 2021.
Join the discussion: Find out what investors are saying about this gold mining company on the Stellar AfricaGold Inc. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.