Drill Results
Stellar AfricaGold - 18km Combined Multiple Gold-Anomalous Trends Identified At Zuenoula Permit, Cote D'ivoire
Stellar AfricaGold Soil Sampling Validates JV Strategy at Zuénoula, But Drilling Remains Key Catalyst

Executive Summary
- The most recent release (May 25, 2026) reports the identification of approximately 18km of combined gold-anomalous trends across three major areas at the Zuénoula Gold Project in Côte d'Ivoire.
- A new potential drill target was defined in the Central Prospect area with a northeast-trending cluster exceeding 3.5 km in length.
- Peak soil assay value recorded is 1,242 ppb Au (1.24 g/t Au) at the Fifty-Five Prospect boundary.
- Soil sampling progress includes 1,617 samples received and 388 pending; three field crews are conducting infill soil sampling programs.
- Auger drilling is considered feasible during the upcoming wet season (June–September), with drill targets expected to be defined by October 2026.
- High-resolution LiDAR and orthophoto survey data have been integrated into exploration interpretation.
Material Impact
- The news represents incremental progress within the existing Joint Venture framework established in December 2025 with MetalsGrove Mining Ltd.
- While positive, soil anomalies are early-stage indicators that do not confirm mineralization; the materiality is limited until drilling results validate the targets.
- The announcement aligns with previous expectations set by the May 13, 2026 update which identified initial targets at the Fifty-Five Prospect.
- No new financing or major corporate restructuring was announced, limiting immediate financial impact on capital structure.
- The progression from soil sampling to planned auger drilling confirms execution of the JV strategy but does not yet de-risk the project sufficiently for a "Material - Positive" rating regarding valuation.
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Company Overview
- Company: Stellar AfricaGold Inc., focused on gold exploration in West Africa (Côte d'Ivoire) and North Africa (Morocco).
- Flagship Project 1 (Zuénoula): A 395.78 km² early-stage exploration permit in Côte d'Ivoire held via a Joint Venture with MetalsGrove Mining Ltd. Currently in soil sampling and LiDAR survey phase.
- Flagship Project 2 (Tichka Est): An 82 km² project in Morocco's High Atlas region where Phase I drilling confirmed high-grade intercepts (e.g., 13m @ 6.12 g/t Au). Phase II drilling is planned for Q2/Q3 2026.
- Development Stage: Both projects are pre-resource; Zuénoula is in early exploration, while Tichka Est has advanced to drill testing but lacks a maiden resource estimate.
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Jun 23, 2026 · 07:01