Stellar AfricaGold Announces 5,000-Meter Phase II Drill Program for Tichka Est Gold Project, Morocco
(TheNewswire)
Vancouver, British Columbia –TheNewswire - March 3, 2026 –Stellar AfricaGold Inc. (“Stellar” or the “Company”) (TSXV:SPX) is pleased to announce that its Phase I exploratory diamonddrilling campaign was successfully completed confirming proof ofconcept for the Tichka Est primary gold target. A 5,000-metre PhaseII drilling program is in the accelerated planning stage.
The Company has mobilized additional equipment andfield teams to advance delineation drilling within and around Zone Band is expanding regional exploration activities across its highlyprospective land package.
PhaseI Exploratory Drill Campaign Confirms Geological Model and GoldMineralization
The recently completed drill campaign successfullyintersected structurally controlled gold mineralization within thetargeted shear-hosted quartz vein system in Zone B, validatingthe Company’s geological model and confirming continuity at depth ofthe gold mineralization identified at surface.
The results of the Phase I diamond drill programsupport the Company’s exploration model that Zone B of the TichkaEst Gold Project hosts a structurally controlled orogenic gold systemwith expansion potential.
Additional assay results from the completed programwill be released once final analytical data has been received,validated and interpreted in accordance with NI 43-101standards.
The Company emphasizes that the current results confirmgeological continuity and proof of concept; additional drilling isrequired to determine the extent, grade continuity and potentialeconomic significance of the mineralized zones.
Acceleration of Exploration Activities
Consequently, with the success of the Phase I diamonddrill program, Stellar has accelerated its field operations:
Second excavator mobilized on March 2, 2025 to advancemechanized surface trenching and extend access roads and drill paddevelopment for the Phase II drill program.
Finalize plans and filed support logistics for adedicated regional exploration team for mobilization March 15, 2025 tosystematically evaluate priority satellite gold and silver targetsacross the 86km Tichka Est permitsarea.
The program acceleration reflects management’sincreasing confidence in the geological model, the gold and silverpotential of Tichka Est and Management’s commitment to advancing theproject toward resource delineation as rapidly as possible.
Structural mapping and reinterpretation of mineralizedcorridors
3D geological modelling incorporating new drilldata
Determination of physical properties of mineralizationfrom drill core (density, magnetic susceptibility, conductivity) tosupport indirect geophysical targeting
Design of accelerated Phase II delineation drilling(5,000 meters program)
Construction of additional access roads
Zone BExtensions (North & South)
Construction of access roads to priority extensiontargets
Phase II delineation drilling to test structuralcontinuity
Systematic geological mapping of stream-sedimentcampaign exploration targets
Diorite sampling program underway with four-acid digestmulti-element analysis
High-resolution topographic survey
Remote sensing program including hyperspectral mappingto identify alteration signatures and target dioritic intrusionsassociated with gold mineralization
PhaseII – 5,000 Metre Drill Program
The Company is currently finalizing logistics andtargeting for a fully funded 5,000-metre Phase II diamond drillprogram focused on:
Expanding the surface and drill identifiedmineralization at Zone B
Testing structural extensions
Evaluating depth continuity
The objective of Phase II is to systematically advancethe exploration of the Tichka Est Gold Project towards a maidenMineral Resource estimate, subject to sufficient drill density andgeological continuity being demonstrated.
J-Francois Lalonde, CEO of Stellar AfricaGold,commented:
“Thesuccessful completion of our Phase I diamond drill campaign marks animportant milestone for Stellar. The drill results received to datevalidate our structural model and confirm the presence of a robustgold system. With additional equipment mobilized and a fully funded5,000-metre drill program in the planning stage, we are entering anaccelerated growth phase.”
The technical information contained in this release hasbeen reviewed and approved by Yassine Belkabir, CEng MIMMM, a Stellardirector and a Qualified Person as defined under National Instrument43-101 – Standards of Disclosure for Mineral Projects.
Mineralization described in this release is exploratoryin nature. There has been insufficient exploration to define a mineralresource, and it is uncertain whether further exploration will resultin the delineation of a mineral resource.
About Stellar Africagold Inc.
Stellar AfricaGold Inc. is a Canadian precious metalexploration company focused on precious metals in North and WestAfrica, with active programs in Morocco and Côte d’Ivoire.Stellar’s principal exploration projects are its advancing golddiscovery at the Tichka Est Gold Project in Morocco, and itsearly-stage exploration Zuénoula Gold Project in Côte d’Ivoirewhich is operated in Joint venture with MetalsGrove Mining Ltdsubsidiary, MetalsGrove CDI Pty Ltd.
The Company is listed on the TSX Venture Exchangesymbol TSX.V: SPX, the Tradegate Exchange TGAT: 6YP and the FrankfurtStock Exchange FSX: 6YP.
The Company maintains its head office in Vancouver, BCand has a country office in Marrakech, Morocco.
Stellar’s President and CEO J. François Lalonde canbe contacted at +1 514-994-0654 or by email at lalondejf@stellarafricagold.com
Additional informationis available on the Company’s website at www.stellarafricagold.com.
On Behalf of the Board
J. François Lalonde
President & CEO
This news release contains “forward-lookingstatements” within the meaning of applicable Canadian securitieslaws, including statements regarding the grant of PSUs, the potentialvesting of such PSUs upon the achievement of future productionmilestones, the issuance of common shares of the Company uponsettlement of vested PSUs, and the acceptance of the TSX VentureExchange.
Forward-looking statements are based onexpectations, estimates and projections as at the date of this newsrelease and are subject to known and unknown risks, uncertainties andother factors that may cause actual results or events to differmaterially from those expressed or implied. Such risks anduncertainties include, but are not limited to, the Company notachieving the production milestones described herein, changes inbusiness plans or commodity prices, failure to obtain regulatoryapprovals, and the risk factors described in the Company’s mostrecent Management’s Discussion and Analysis and Annual InformationForm, which are available on SEDAR+ at www.sedarplus.ca.
Forward-looking statements are not guarantees offuture performance and should not be unduly relied upon. Except asrequired by law, the Company undertakes no obligation to update orrevise any forward-looking statements contained herein.
Neither the TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
Copyright (c) 2026 TheNewswire - All rights reserved.
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