Stellar AfricaGold Announces 5,000-Meter Phase II Drill Program for Tichka Est Gold Project, Morocco

The most recent news (March 3, 2026) announces the completion of the Phase I diamond drilling program at the Tichka Est Gold Project in Morocco. The campaign successfully validated the geological model, confirming that gold mineralization continues at depth within the Zone B shear-hosted quartz vein system. Consequently, the company is mobilizing a second excavator and planning an accelerated 5,000-meter Phase II drill program. The primary objective of this next phase is to advance the project toward a maiden Mineral Resource Estimate.

The news is Routine - Positive. While the transition to a 5,000-meter program and the goal of a maiden resource estimate are significant milestones, they represent the logical and expected progression of the "Material - Positive" results reported on February 3, 2026 (which included high-grade intercepts like 12m of 6.62 g/t Au). - Technical Validation: The "proof of concept" is now complete. The risk of the system being a surface-only anomaly has been significantly reduced. - Operational Acceleration: Mobilizing additional equipment and planning a larger program suggests the company has the confidence and, per the CEO, the "full funding" to maintain momentum. - Strategic Shift: The company is moving from "blind" exploration to "delineation," which is a necessary step for valuation re-rating.

Stellar AfricaGold is a Canadian explorer focused on gold in North and West Africa. - Flagship Project: Tichka Est Gold Project, Morocco (82 km²). - Project Status: Zone B has been identified as a 2km long gold-bearing structure. Recent drilling has confirmed mineralization in stacked diorite sills and shear zones. - Secondary Project: Zuénoula Gold Project, Cote d'Ivoire, currently under an earn-in JV where the partner (MetalsGrove) can earn up to 80% by spending US$6M.