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SPX Stellar AfricaGold Inc

0.01
0.00 (0.00%)
13 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stellar AfricaGold Inc TSXV:SPX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0.015 0.01 0.015 19,282 18:01:58

Stellar Appoints Mr J. Francois Lalonde as COO of the Company

04/06/2013 3:00pm

Marketwired Canada


Mr. Maurice Giroux, President and Chief Executive Officer of Stellar AfricaGold
Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") and a Qualified Person as
defined in NI 43-101, is pleased to announce the appointment of Mr. J. Francois
Lalonde, P.Eng (BSc. Civil Engineering) as Chief Operation Officer (COO) of the
"Company".


Mr. Lalonde has been a Board Member of "Stellar" for over 2 years and has played
an important role in the acquisition of the Company's Namarana property in the
Republic of Mali.


Francois has worked for many years in several parts of the African continent as
a civil engineer and has been involved in different project with large
international construction and engineering firms. He is particularly familiar
with West African French speaking countries and this serves perfectly "Stellar"
positioning as a mining exploration company whose primary mission is to
identify, explore and develop gold deposits in West Africa. Stellar is currently
developing an advanced gold Project in Guinea, only a few kilometers away, west
of the Namarana property in Mali.


On 2013-04-22, Stellar announced that B3 and B1 gold zones of the Balandougou
Project in Guinea reached Prefeasibility stage. The Independent report produced
by AECOM concluded that the exploration carried out so far on Balandougou led to
the discovery of two significant ore bodies, namely the B3 and B1 gold zones. At
present time, these two zones represent the best opportunity for Stellar
AfricaGold and UltraGold to initiate a gold production in order to generate a
positive cash flow and pursue the development of the other valuable targets
discovered on the property by additional exploration work.


Francois Lalonde's main responsibility will be the promotion and the valuation
the Balandougou property in Guinea. This implies primarily overseeing and
finalizing pre-feasibility study and feasibility study for B1 and B3 gold
deposits as reported in previous press release.


Mr. Lalonde is also a director of two other companies listed on the TSX-V
namely: 'Kanosak Capital Venture Corporation Inc.' (TSX-V: KKV) and 'Atlantic
Industrial Minerals Inc.' (TSX-V: ANL.H).


Maurice Giroux, the president and CEO of "Stellar" declares: "I am very pleased
that Francois is stepping up his involvement with the "Company". He is a very
dedicated person and has a marked interest and passion for the mining industry.
He has a solid experience of West Africa and is entertaining constant relation
with many participants of the African mining scene. This makes no doubt that his
involvement will benefit our shareholder's base in the development of the
Company's African assets. Francois's principal assignment will be to create a
favourable JV Structure to finance and to initiate and furthermore to supervise
the Pre-Feasibility and Feasibility Study of the B1 and B3 gold deposits on the
Balandougou Property. "


The technical content of this press release have been reviewed and approved by
Mr. Maurice Giroux, a Qualified Person as defined in NI 43-101. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maurice Giroux, President and CEO
Stellar AfricaGold Inc.
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarafricagold.com

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