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Stellar AfricaGold Options 471 Square Kilometers of Exploration Permits in Cote d'Ivoire
(via TheNewswire) Vancouver - TheNewswire - January 7, 2020 - John Cumming ,...
About this update from Stellar Africagold, Inc.
[{"type":"text","content":"Stellar AfricaGold Options 471 Square Kilometers of Exploration Permits in Cote d'Ivoire(via TheNewswire)\n \n \nVancouver - TheNewswire - January 7, 2020 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSXV:SPX) (\"Stellar\" or the \"Company\") is pleased to report that Stellar has optioned 471 km2 of exploration permits in Cote d'Ivoire.\n\n \n \nNew Acquisition in Cote d'Ivoire\n\n \n \nStellar has optioned up to a 100% interest in Birimian Geology Exploration SARL (\"BGE\"), a Cote d'Ivoire company. BGE holds two well-located gold exploration permits (pending) totaling approximately 471 km2, the Bocanda permit (97 km2) and the Djekanou permit covering (374 km2).\n\n \n \nThe Bocanda permit, named after the nearby town of Bocanda approximately 300 km north of Abidjan, the economic center and largest city in Cote d'Ivoire, and 150 km east of Yamoussoukro, Cote d'Ivoire's capital city. The Bocanda permit is located 12 km south-east of the town of Bocanda and is readily accessible via secondary roads. The population of the surrounding Department of Bocanda is approximately 130,000 supported by agriculture and artisanal gold mining. Geologically, the permit area is in the Comoe sedimentary basin with overlying metasilicate rock of Birimian age. The permit area is surrounded by an impressive amount of Semi-Industrial Gold Exploitation Permits, both granted and pending, a strong indicator of the gold potential of the Bocanda permit area.\n\n \n \nThe Djekanou permit (pronounced \"day-can-oo\") is located south of the town of Toumodi and is readily accessible by numerous secondary roads and by the Abidjan to Yamoussoukro Highway A3 which crosses the eastern part of the Djekanou permit in a NS direction. The local population is estimated at 105,000 people and like Bocanda is supported by agriculture and artisanal gold mining. Geologically, the Djekanou permit area is in a transition zone between the Comoe sedimentary basin to the east and the Birimian volcanic Toumodi-Fetekro belt to the west. The permit is east of and adjacent to an area of extensive artisanal gold mining activity area with numerous Semi-Industrial Exploitation Permits, both granted and pending, a strong indicator of the gold potential of the Djekanou permit.\n\n \n \nSubject to the final issuance of the two permits and TSX-V accep...