Stellar AfricaGold - Auger Drilling Commenced On Refined Drill Targets At The Zuenoula Permit, Cote D'ivoire

Stellar AfricaGold Inc. (SPX) has initiated a 10,000-meter auger drilling program at its Zuénoula Gold Project in Côte d'Ivoire. The campaign targets six drill areas spread across three prospects: Fifty-Five, Central, and South East.

Recent infill soil sampling has refined the project’s targets, extending Drill Target T1 to a 3.3km strike length and identifying a peak soil assay of 1,324 ppb Au. The auger drilling is designed to test the upper saprolite horizon at approximately 5 meters depth to evaluate bedrock potential beneath surface anomalies.

Results from this phase will guide follow-up Aircore, Reverse Circulation, and Diamond Drilling programs planned for late 2026. The project is operated by MetalsGrove Mining Ltd. under an earn-in agreement that allows MetalsGrove to acquire up to a 50% interest for $3M in spend, or up to an 80% interest for $6M in spend.

Stellar AfricaGold Inc. (SPX) has commenced auger drilling, marking the execution of the program previously announced on June 23, 2026. This development follows a progression from broad soil sampling in February and March 2026 to target consolidation in May 2026, and now auger drilling in July 2026. The extension of Drill Target T1 to 3.3km and a high soil anomaly of 1,324 ppb Au have validated the geological model, justifying the move to the subsurface testing phase.

The company reported that no new financial commitments or dilutive events were announced, noting that the joint venture structure continues to shield Stellar AfricaGold Inc. from immediate exploration cost overruns. The news aligns with previous expectations and management commentary regarding the timeline for subsurface testing.

Stellar AfricaGold Inc. is an early-stage gold exploration company focused on projects in Morocco and Côte d'Ivoire. Its flagship Tichka Est Gold Project in Morocco covers an 82 km² permit, where Phase I drilling confirmed high-grade intercepts, including 13m @ 6.12 g/t Au. Phase II drilling, consisting of 5,000m of diamond drilling, is planned for the site.

The company’s second flagship asset is the Zuénoula Gold Project in Côte d'Ivoire, which spans a 395.78 km² permit. This project is operated under a joint venture with MetalsGrove Mining Ltd. and is currently in the early exploration phase, with soil sampling and auger drilling underway.

Management includes President and CEO J. François Lalonde. The board also includes Dr. Paul Kitto, a Director and Geological Consultant who previously served as the Exploration Manager for Newcrest Africa.