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Stellar Africa Gold Signs Definitive Agreement to Acquire Altus Strategies' Cote D'Ivoire Gold Assets
(via TheNewswire) Vancouver - TheNewswire - September 16, 2020, John Cumming ...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar Africa Gold Signs Definitive Agreement to Acquire Altus Strategies' Cote D'Ivoire Gold Assets(via TheNewswire)\n \n \nVancouver - TheNewswire - September 16, 2020, John Cumming, President and CEO of Stellar AfricaGold Inc., (TSXV:SPX) (\"Stellar\" or the \"Company\") is pleased to announce the signing of a definitive agreement with Altus Strategies PLC (TSX-V:ALTS) (\"Altus\") to buy 100% interest of Aeos Resources Ltd (\"Aeos\"), a wholly owned Seychelles incorporated subsidiary of Altus. Aeos owns 100% of Aucrest SARL, an Ivoirian subsidiary that owns the Prikro Exploration Licence and the pending Zenoula Exploration Licence both totalling 770 km2 in Cote d'Ivoire.\n\n \n \nThe Prikro Exploration licence is a 369.5 km2 exploration licence in the Prikro and Koun-Fao Departments in eastern Cote d'Ivoire, approximately 240 km northeast of Abidjan. The project is located 40km north-west of the town of Agnibilekrou and 25km west of the town of Koun-Fao, both of which can be accessed by asphalt roads from Abidjan. The licence was selected due to the presence of historically 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. Birimian-age greenstone rocks reportedly crop out extensively across the Prikro licence and represent Paleoproterozoic volcano-sedimentary units, with associated granite to diorite intrusions, which are the dominant host setting for gold deposits across West Africa.\n\n \n \nThe Zenoula project is a 400km2 licence (application pending) in the Marahoue Department in central Cote d'Ivoire, approximately 300km north of Abidjan. The Zenoula Exploration licence application straddles the same NE/SW major structure that host the Abujar and Tietto minerals deposits. The project is located 100km north-west of the city of Yamoussoukro, the capital of Cote d'Ivoire, which can be accessed by asphalt roads from Abidjan. Zenoula is targeting a 22 km long ENE trending structure, interpreted by historic air magnetic data. Geologically, the project reportedly comprises metasediments, metabasalts and syntectonic granitoid intrusions.\n\n \n \nMaurice Giroux, Vice-President Exploration and COO quote: \"This acquisition is a very important milestone for S...