Vancouver, B.C. / TheNewswire / October 23 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Balandougou Gravity Mill Bulk Sampling Update Notwithstanding the recent upgrades and adjustments to the Balandougou gravity mill and concentrators the gold recovery remained below expectations with daily gold recoveries in the 0.2 to 0.3 g/p/t range with only a few exceptional days in [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Further to the Company's June 28 and August 9, 2018 news releases, Stellar and Mosaic Minerals Inc. have closed the sale of the Opawica Gold Project in escrow. Final closing and release from escrow will follow shareholder approval at Stellar's October 31, 2018Annual General Meeting scheduled. ABOUT THE OPAWICA SALE As previously [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Gravity Mill Improvements Completed Further to the Company's news release of July 25, 2018 the Company is pleased to announce that having completed some important configuration and structural modifications to the Balandougou Gold Project gravity plant processing of the 15,000 tonnes bulk sample will resume on September 3, 2018. This [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Further to the Company's June 28, 2018 news release, Stellar and Mosaic Minerals Inc. have amended the mineral property sale and purchase agreement for the 33 claim Opawica gold project , Quebec. The amended agreement now provides for closing the transaction into escrow with final closing following shareholder approval at the next [...]
Vancouver, July 25, 2018 / TheNewswire / John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., is pleased to announce: Gravity Mill Efficiency Review Complete and Adjustments Underway Stellar is pleased to announce that the review of processing operations at the Balandougou gravity mill is complete. Several processing inefficiencies were identified including the efficacy of the grinding within [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Effective July 3, 2018 the Company suspended milling operations at the Balandougou gravity mill for an undetermined but short period of time to review elements of the processing operation to improve mill capacity and gold recovery. Management Commentary "While the operating results from the Balandougou demonstration day reported [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: GUINEA EXPLORATION PERMIT EXPANSION The Company has organized a new subsidiary in Guinea, Stellar Guinea SARL, which has applied for a strategic new exploration permit in the Balandougou region. Stellar Guinea SARL has applied for a 92 Km2 permit which will replace and supersede the Balandougou permit which has expired. This new [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: The Company's Balandougou gravity mill has tested processing operations and recovered its first gold. During a management site inspection which included a comprehensive mill operations test and demonstration, 21.5 tonnes of gold-mineralized oxide was processed with 49 grams of gold recovered, a 2.28 gram per tonne gold recovery. See [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: PRIVATE PLACEMENT CLOSED Further to the Company's news release of April 25, 2018 the Company has closed a fully subscribed non-brokered private placement offering and issued 6,200,000 units at a price of $0.05 per unit for gross proceeds of C$310,000. Each unit is comprised of one common share and one-half share purchase warrant [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: PRIVATE PLACEMENT The Company is proceeding with a non-brokered private placement offering of 6,210,000 units at a price of $0.05 per unit for gross proceeds of C$310,000. Each unit will be comprised of one common share and one-half share purchase warrant exercisable at $0.10 per warrant share for a term of 12 months. The Offering [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: Construction of the 150 tonnes per day gravity separation plant at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea is complete and commissioning of mill equipment is proceeding well. All mill components have been tested individually, necessary adjustments have been made and are operating correctly. After [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces: 10, 2018 Construction of the 150 tonnes per day gravity separation plant at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea is mostly complete and final equipment checks are underway. The commissioning of mill equipment and the bulk sample program is scheduled to begin on March 10, 2018. The Company [...]
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