(via TheNewswire)
![]() | |||||||||
Presidential Decree Granted for Zuénoula Gold Permit, Côte d’Ivoire
The Zuénoula exploration permit was officially granted in the ministerial meeting held
Commentary
“While our advancing
About the Zuénoula Gold Permit
The Zuénoula exploration permit, which is held by Stellar subsidiary Aucrest SARL, is valid for a term of four (4) years from
To maintain the Zuénoula permit exploration expenditures totalling
Francs.CFA $ Canadian*
Year I 100,000,000 225,000
Year 2 165,000,000 375,000
Year 3 235,000,000 530,000
Year 4 210,000,000 475,000
(*Canadian dollar equivalents are estimations only based upon currency exchange rates at the date hereof. Currency exchange rates will vary during the currency of the permit term.)
The permit is subject to a 1% Net Smelter Return Royalty and a final payment of
The highly prospective Zuénoula Gold exploration permit, which covers a total of 395.8 square kilometers, is well-located in the margin between granitoids and the Birimian greenstone belt along a regional NE–SW trending shear zone. (See location map figure 1)The Zuénoula
The Zuénoula Gold permit is located in the centre of recent major gold discoveries in Côte d’Ivoire, including:
100 kilometers to the South-East theYaouré
Gold Mine operated by Perseus Mining Ltd. (TSX: PRU) commenced production in 2021.
150 kilometers to the North-East theLafigué
Gold Mine is under construction byEndeavour Mining Corporation (TSX: EDV) with production scheduled for Q3 2024.
120 kilometers to South-West the
Abujar Gold Mine operated by Tietto Minerals Limited (ASX: TIE) commenced production in 2023.
100 kilometers to the North-West theéguéla
Gold Mine operated by Fortuna Silver Mines Inc. (TSX: FVI) commenced production inMay 2023 .
Zuénoula Location Map - Figure 1
Click Image To View Full Size
About
Stellar’s principal exploration project is its advancing gold discovery at the82 square kilometre
The technical content of this press release has been reviewed and approved by M. Yassine Belkabir, MScDIC, CEng, MIMMM, a Stellar director and a Qualified Personas defined in NI 43-101.
The Company is head officed in
Stellar’s President and CEO
Additional information is available on the Company’s website atwww.stellarafricagold.com.
On Behalf of the Board
President & Director
Neither the
Disclaimer & Forward-Looking Statements:
This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source