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Stellar AfricaGold Expands Guinea Landholding, New Permit Increases Exploration Potential, Sells Opawica, Quebec
(via TheNewswire) Vancouver, BC / TheNewswire / June 28, 2018 - John Cumming , Pre...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold Expands Guinea Landholding, New Permit Increases Exploration Potential, Sells Opawica, Quebec(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / June 28, 2018 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) (\"Stellar\" or the \"Company\") announces: \n\n \n \nGUINEA EXPLORATION PERMIT EXPANSION\n\n \n \nThe Company has organized a new subsidiary in Guinea, Stellar Guinea SARL, which has applied for a strategic new exploration permit in the Balandougou region.\n\n \n \nStellar Guinea SARL has applied for a 92 Km2 permit which will replace and supersede the Balandougou permit which has expired. This new permit, called Balandougou II, incorporates the most highly-prospective areas of the expired 56 Km2 Balandougou permit and additional high priority, gold prospective exploration targets. \n\n \n \nThe southern part of the Balandougou II permit includes a 3 x 10 km long east-west trending geological structure very similar to the structure hosting the B3, B1 and Solotomo gold discoveries. This structure was clearly defined by the 2012 Stellar-Newmont high-resolution airborne Magnetic and Radiometric survey. Moreover, Stellar's 2012 soil geochemical survey over the westernmost portion of this structure clearly outlined a strong gold-in-soil anomaly that remains open to the east of the surveyed area. \n\n \n \nIn the northern part of Balandougou II prior sampling by Stellar of quartz veins within the Fadaninda and Mawren artisanal diggings reported high grade gold mineralization with assays as high as 108 g/t Au at Fadaninda and 154 g/t Au on the Maure structure. \n\n \n \nCommentary\n\n \n \n\"This new exploration permit with its focus on only highly-prospective, high priority exploration target areas significantly enhances Stellar's exploration upside\" commented Maurice Giroux, Stellar's VP Exploration and COO. \"While our Balandougou gravity mill has the potential to deliver near-term financial results, the exploration and discovery potential of this new permit area offers shareholders increased blue sky. \n\n \n \nIn 2009 Stellar began exploring a Guinea landholding of over 600 km2 and discovered the B1 and B3 structures, which are still not fully explored or exploited. With Stellar's Balandougou mill construction completed and the Balandougou II permit applicati...