|By Marketwired .||
|May 5, 2014 11:09 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 05/05/14 -- Mr. Maurice Giroux, President and Chief Executive Officer of Stellar AfricaGold Inc. (TSX VENTURE: SPX) ("Stellar" or the "Company") and a Qualified Person as defined in NI 43-101, is pleased to announce that an airborne Magnetic/VLF survey has been completed over the Opawica and Philibert I properties in the Chibougamau area in Quebec. An exhaustive interpretation done by MB Geosolutions inc., has outlined (8) gold and (3) Cu-rich polymetallic exploration targets. The interpretation was done by analysing current survey data in association to existing INPUT EM combined with Cu till anomalies from public data sources. Two of the copper targets are located in the Opawica South Block and one in the Philibert I Block. Four (4) gold targets are located in the Opawica North Block, three (3) in Opawica South Block and one (1) target in Philibert I Block.
The Company is now planning the spring/summer reconnaissance over Opawica and Philibert I property with an emphasis on the evaluation and sampling of the targeted area. A ground IP survey should be recommended to better outline the targets that are not outcropping. Trenching and drilling should follow during summer program over selected targets.
About OPAWICA and Philibert I Property:
The Opawica and Philibert 1 properties are located in the Chibougamau-Chapais mining camp within the Tomagold/Iamgold-Vanstar-SOQUEM working area which is to date the most active exploration camp in Quebec. Among the most important gold occurrences reported in the area, we note SOQUEM Meston Lake deposit (1.2 MT @ 6.25 g/t Au), SOQUEM Philibert deposit (1.3 MT @ 5.32 g/t Au), as well as numerous high grade drill and channel sampling reported by Tomagold, Vanstar, Murgor and SOQUEM as well as the former Joe Mann gold mine that produced over 1.0 million ounces of gold.
The OPAWICA Property consists of three blocks totalling 80 mining cells recently acquired by Stellar in the area of the new Liam gold discovery of the Nelligan Project of Vanstar. The Philibert 1 property is composed of one block of four mining cells and is part of the same area.
The Philibert-I showing was discovered in 1983 by prospection, and consists of a gold mineralization associated with quartz-tourmaline-sulphides veins. Historical exploration reported grades of 31.6 g/t Au and 2.54 g/t Ag in channel sampling across exposed quartz veins, and of 18.66 g/t Au over 0.6-metre cuts in a drill hole.
The technical content of this press release have been reviewed and approved by Mr. Maurice Giroux, a Qualified Person as defined in NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A map is available at the following link http://media3.marketwire.com/docs/943629a_map.pdf.
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