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 [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., announces shares for debt settlement pursuant to which Stellar issue 140,000 common shares at a deemed price of $ 0.05 per share to debentureholders to settle $ 7,000 in interest due as of September 22, 2017 being interest owed on an outatnding balance of $140,000 of convertible debentures which closed on September 22, 2016. The debenture [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: Development continues at the B3 Zone of Stellar's 100% controlled Balandougou Gold Project in Guinea where the Company has installed a 150 tonnes per day gravity separation plant based on design parameters defined by SGS South Africa and manufactured by Henan Xingyang Mining Machinery, Zhengzhou, China. The mill will process a 15,000 [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: Stellar is developing the promising gold potential of the advanced exploration stage B3 Zone of its 100% controlled Balandougou Gold Project in Guinea, including the installation of a 150 tonnes per day gravity separation plant based on design parameters defined by SGS South Africa and manufactured by Henan Xingyang Mining Machinery [...]
John Cumming, President and Chief Executive Officer of Stellar AfricaGold, announces: LOAN FACILITY The TSX Venture Exchange has approved and Stellar's Guinea subsidiary, MGWA Goldenfrank SARL, has closed the US$400,000 loan facility announced October 27, 2017. The loan proceeds will be used to complete the installation and assembly of the 150 tonne per day gravity separation mill at the Balandougou gold project, Guinea [...]