Stellar AfricaGold Completed Airborne Geophysical Coverage of Opawica & Philibert 1 Properties & Confirmed Gold & Copper Targ...
May 05 2014 - 10:08AM
Marketwired
Stellar AfricaGold Completed Airborne Geophysical Coverage of
Opawica and Philibert 1 Properties and Confirmed Gold and Copper
Targets
MONTREAL, QUEBEC--(Marketwired - May 5, 2014) - 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.
Maurice Giroux, President and CEOStellar AfricaGold Inc.1155
University Street, Suite 812 Montreal, Quebec H3B
3A7514-866-6299514-866-8096Ress.stellar@bellnet.cawww.stellarafricagold.ca
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