Montreal, September 19th 2023 – Stellar AfricaGold Inc., (TSX-V: SPX) (“Stellar” or the “Company”) would like to express heartfelt condolences to the Moroccan people and to the families of the victims of the recent earthquake in the province of Al Haouz.
As part of its effort to help the local communities nearby its ‘Tichka Est’ project, Stellar Africagold provided some relief aid through the supply of tents to shelter some of Anarghi’s population still suffering hardships from the quake.
As the people from the region begin to recover and rebuild the affected areas, Stellar will seek to offer further support to assist the Kingdom’s relief plans.
Details and Purpose of this Solicitation
Stellar’s Moroccan “Tichka Est” gold project is very close to the epicentre of the recent earthquake in Morocco and the Stellar executives are acutely aware of its impact on the people of Morocco and in particular the communities neighbouring Stellar’s “Tichka Est” project. The communities of Anarghi, Tanamerte and Aghbar are the closest to Stellar’s project and many support workers came from those villages and gave Stellar significant help advancing our project.
Three seismic tremors were recorded in the immediate vicinity of the Tichka Est project. Figure 1, shown below, displays the location of the main epicenter of the 6.8 Richter Scale quake and it is a mere 18 km north of our project. Two other seismic tremors 5.1 and 3.8 Richter followed at the main quake.
Donate Now to Support Moroccan Earthquake Relief
Stellar urges all readers to make a donation, whether large or small, to this urgent campaign to help these small local communities that may otherwise be overlooked.
The above link provides access to a Moroccan earthquake relief campaign (see below) which will deliver the funds accumulated from this campaign directly and entirely to the rehabilitation and reconstruction of the communities close to Stellar’s project.
Epicenter of 6.8 Richter Scale Quake
Only 18 Kilometers From Stellar’s Tichka Est Gold Project
About Tichka Est Gold Project Project, Morroco
The Tichka Est gold project, comprising seven permits aggregating 82 square kilometres, is in the High Atlas Mountain region of Morocco approximately 80 kilometres south-southwest of Marrakech, a region easily accessible year-round via national and regional roads to the village of Anarghi located near the mineralized gold zone. Follow up on gold sampling results reported by ONHYM lead Stellar to the discovery of 4 extensive gold mineralized structures A, B and C and recently C2.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc. is a Canadian precious metal exploration company listed on the TSX Venture Exchange symbol TSX.V: SPX, the Tradegate Exchange TGAT: 6YP1 and the Frankfurt Stock Exchange FSX: 6YP1.
The Company maintains offices in Vancouver, BC and in Montreal, QC and has a representative office in Casablanca, Morocco.
Stellar’s principal exploration projects are its advancing gold discovery at the Tichka Est Gold Project in Morocco, and its drill-ready Namarana Gold Project in Mali and the early stage exploration permit of Djékanou in Côte d’Ivoire.
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 Person as defined in NI 43-101.
Stellar’s President and CEO J. François Lalonde can be contacted at 514-994-0654 or by email at lalondejf@stellarafricagold.com
Additional information is available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
J. François Lalonde
President & CEO
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 U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
Neither the 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.
