Tickers: XTSX:SPX
Tags: Mining
Vancouver, BC / TheNewswire / August 28, 2018 - John Cumming, President and Chief Executive Officer of Stellar AfricaGold Inc., (TSX-V: SPX) ("Stellar" or the "Company") announces:
Gravity Mill Improvements Completed
Further to the Company's news release of July 25, 2018 the Company is pleased to announce that having completed some important configuration and structural modifications to the Balandougou Gold Project gravity plant processing of the 15,000 tonnes bulk sample will resume on September 3, 2018. This first round of significant modifications was decided upon following a review of the first few weeks of full-time test operations. The mill operating results were discussed among Stellar's technical team and outside specialists with experience in west African gravity gold mining and suggested improvements to increase production capacity and improve gold recovery were implemented.
The major modification and improvement to the plant related to the ball mill's efficiency, particularly its ability to fully pulverize the gold mineralization including the hard quartz. Additionally, the slurry basin size was doubled to prevent overflows and the two Knelson concentrators were reconfigured from a parallel orientation to operate in series for a better recovery of Balandougou's very fine gold. Lastly further adjustments were made to the shaking table by a specialist in that matter. Collectively these changes will reflect directly on the mill's gold recovery rate.
The Company also completed a number of minor yet important maintenance requirements including a) construction of a three-stage waste water settling pond to capture fine silts between the liquid tailings separator and the mill reservoir, b) design and installation of an improved filtration system for the water inlet to the mill, c) replacement of all flexible water piping with rigid steel piping, and d) alteration of some electrical circuitry to allow operators to control the 'on/off' switching of certain equipment without the delay of communicating with the central electric control panel operator. These changes will improve the efficiency of routine operations and, hence, the overall productivity of the mill.
New Mine Manager and Increased Operating Hours
Stellar has hired a new mine manager well-experienced with gravity mill operations. Upon the resumption of operations under his direction the gravity plant will be staffed by two shifts and will run uninterrupted from 0600 to 1900 hours, a total of 13 hours daily, to increase mill throughput and daily gold recovery.
Stellar AfricaGold Inc. is a Canadian gold exploration company with offices in Vancouver, BC and Montreal, QC, and operations concentrated in West Africa and in Quebec.
In addition to developing its Balandougou Gold Project in Guinea including construction of a 150 tonnes per day gravity mill (construction completed) to process a 15,000 tonnes bulk sample to test the commercial economics of gravity extraction only. In Quebec, the Company owns 100% of the Opawica Project in the Chibougamau mining camp.
The technical content of this press release has been reviewed and approved by independent consultant Greg Isenor, P. Geo, a Qualified Person as defined in NI 43-101.
For further information please contact:
John Cumming, President & CEO, Stellar AfricaGold Inc.
4908 Pine Crescent, Vancouver, BC, V6M 3P6,
Email: stellarafricagoldinformation@gmail.com
Maurice Giroux, VP Exploration, Stellar AfricaGold Inc.,
1035 West Laurier Street, Suite 201, Montreal, QC H2V 2L1
Email: mgiroux.stellar@gmail.com
Additional information is available on the Company's website at www.stellarafricagold.com.
On Behalf of the Board
John Cumming, LLM
President & CEO
This release contains certain "forward-looking information" under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company's current internal expectations or beliefs and is based on information currently available to the Company. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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