MONTREAL, QUEBEC--(Marketwired - June 4, 2013) - 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.
Neither 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.
Maurice Giroux, President and CEO
Stellar AfricaGold Inc.