(TheNewswire)
Montreal – TheNewswire - September 19 th 2023 – StellarAfricaGold Inc., (TSXV:SPX) ("Stellar" or the"Company") would like to expressheartfelt condolences to the Moroccan people and to the families ofthe victims of the recent earthquake in the province of AlHaouz.
As part of its effort to help the local communitiesnearby its ‘Tichka Est’ project, Stellar Africagold provided somerelief aid through the supply of tents to shelter some of Anarghi’spopulation still suffering hardships from the quake.
As the people from the region begin to recover andrebuild the affected areas, Stellar will seek to offer further supportto assist the Kingdom’s relief plans.
Details and Purpose of thisSolicitation
Stellar’s Moroccan “Tichka Est” gold project isvery close to the epicentre of the recent earthquake in Morocco andthe Stellar executives are acutely aware of its impact on the peopleof Morocco and in particular the communities neighbouring Stellar’s“Tichka Est” project. The communities of Anarghi, Tanamerte andAghbar are the closest to Stellar’s project and many support workerscame from those villages and gave Stellar significant help advancingour project.
Three seismic tremors were recorded in the immediatevicinity of the Tichka Est project. Figure 1, shown below, displaysthe location of the main epicenter of the 6.8 Richter Scale quake andit is a mere 18 km north of our project. Two other seismic tremors 5.1and 3.8 Richter followed at the main quake.
Donate Now to Support Moroccan Earthquake Relief
Stellar urges all readers to make a donation, whetherlarge or small, to this urgent campaign to help these small localcommunities that may otherwise be overlooked.
The above link provides access to a Moroccan earthquakerelief campaign (see below) which will deliver the funds accumulatedfrom this campaign directlyand entirely to the rehabilitation and reconstruction of thecommunities close to Stellar’s project.
Epicenter of 6.8 Richter Scale Quake
Only 18 Kilometers From Stellar’sTichka Est Gold Project
About Tichka Est Gold Project Project,Morroco
The Tichka Est gold project, comprising seven permitsaggregating 82 square kilometres, is in the High Atlas Mountain regionof Morocco approximately 80 kilometres south-southwest of Marrakech, aregion easily accessible year-round via national and regional roadsto the village of Anarghi located near the mineralized gold zone.Follow up on gold sampling results reported by ONHYM lead Stellar tothe discovery of 4 extensive gold mineralized structures A, B and Cand recently C2.
ABOUT STELLAR AFRICAGOLD INC.
Stellar AfricaGold Inc . is a Canadian precious metalexploration company listed on the TSX Venture Exchange symbol TSX.V: SPX , theTradegate Exchange TGAT: 6YP1 and the Frankfurt Stock Exchange FSX: 6YP1 .
The Company maintains offices in Vancouver, BC and inMontreal, QC and has a representative office in Casablanca, Morocco.
Stellar’s principal exploration projects are itsadvancing gold discovery at the Tichka Est Gold Project in Morocco,and its drill-ready Namarana Gold Project in Mali and the early stageexploration permit of Djékanou in Côte d’Ivoire.
The technical content of this press release has beenreviewed and approved by M. Yassine Belkabir, MScDIC, CEng, MIMMM, a Stellar director and a QualifiedPerson as definedin NI 43-101.
Stellar’s Presidentand CEO J. François Lalonde can be contacted at514-994-0654 or by email at lalondejf@stellarafricagold.com
Additional information is available on the Company’swebsite 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 Canadiansecurities laws concerning the Arrangement. Forward-lookinginformation reflects the Company’s current internal expectations orbeliefs and is based on information currently available to theCompany. In some cases forward-looking information can be identifiedby terminology such as "may", "will","should", "expect", "intend","plan", "anticipate", "believe","estimate", "projects", "potential","scheduled", "forecast", "budget" or thenegative of those terms or other comparable terminology. Many of theseassumptions are based on factors and events that are not within thecontrol of the Company, and there is no assurance they will prove tobe correct or accurate. Risk factors that could cause actual resultsto differ materially from those predicted herein include, withoutlimitation: that the business prospects and opportunities of theCompany will not proceed as anticipated; changes in the global pricesfor gold or certain other commodities (such as diesel, aluminum andelectricity); changes in U.S. dollar and other currency exchangerates, interest rates or gold lease rates; risks arising from holdingderivative instruments; the level of liquidity and capital resources;access to capital markets, financing and interest rates; mining taxregimes; ability to successfully integrate acquired assets;legislative, political or economic developments in the jurisdictionsin which the Company carries on business; operating or technicaldifficulties in connection with mining or development activities; lawsand regulations governing the protection of the environment; employeerelations; availability and increasing costs associated with mininginputs and labour; the speculative nature of exploration anddevelopment; contests over title to properties, particularly title toundeveloped properties; and the risks involved in the exploration,development and mining business. Risks and unknowns inherent in allprojects include the inaccuracy of estimated reserves and resources,metallurgical recoveries, capital and operating costs of suchprojects, and the future prices for the relevant minerals.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
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