Stellar Pacific Ventures Hires AECOM to Compile Balandougou Results and to Plan 2013 Work Program
16 Enero 2013 - 8:56AM
Marketwired Canada
Mr. Maurice Giroux, President and Chief Executive Officer of Stellar Pacific
Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") and a Qualified
Person as defined in NI 43-101, is pleased with results obtained so far on the
Balandougou Joint Venture in Guinea, West Africa. The JV Partners, in a meeting
held in Guinea in December 2012, agreed to proceed to an independent overall
compilation, interpretation and evaluation of all work results on Balandougou
before planning the next phase of work. The Company hires AECOM to produce an
independent report.
To date, regional and detailed soil geochemistry, airborne geophysical surveys,
rock sampling of main gold occurrences and more than 16,000 metres of combined
RC and Core drilling were done on different gold showing and anomalies. These
works led to the discovery of 3 extensive gold structures referred to as the
"Solotomo" discovery.
The following table shows, as previously disclosed the drill results obtained in
B3, B1 and Solotopo pit gold structures:
BEST RC INTERSECTION ON B1 ZONE
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HOLE # FROM TO INTERSECTION
----------------------------------------------------------------------------
(m) (m) (gr Aum)
----------------------------------------------------------------------------
B1-11-04 0 29 0.90 gr Au30 m
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B1-11-05 0 66 0.58 gr Au66 m
----------------------------------------------------------------------------
B1-11-06 0 66 0.28 gr Au66 m
----------------------------------------------------------------------------
B1-11-09 42 44 5.25 gr Au2 m
----------------------------------------------------------------------------
B1-11-10 6 8 2.46 gr Au2 m
56 60 0.5 gr Au4 m
----------------------------------------------------------------------------
B1-11-11 10 16 1.0 gr Au6 m
52 62 1.46 gr Au10 m
----------------------------------------------------------------------------
B1-11-12 1 48 1.64gr Au47 m
Incl. 13 28 3.15 gr Au15 m
----------------------------------------------------------------------------
B1-11-13 0 5 0.92 gr Au5 m
----------------------------------------------------------------------------
B1-11-20 0 4 0.98 gr Au4 m
----------------------------------------------------------------------------
B1-11-21 25 26 1.29 gr Au1 m
36 45 1.0 gr Au9 m
----------------------------------------------------------------------------
B1-12-03 2 4 0.57 gr Au/2m
4 6 4.08 gr Au/2m
----------------------------------------------------------------------------
B1-12-07 12 22 1.24 g Au/10m
----------------------------------------------------------------------------
B1-12-10 16 18 3.97 g Au/2m
----------------------------------------------------------------------------
BEST RC INTERSECTION ON B3 ZONE
----------------------------------------------------------------------------
Hole# from to INTERSECTION
----------------------------------------------------------------------------
(m) (m) (gr Aum)
----------------------------------------------------------------------------
B3-11-02 1 3 1.24 gr Au2 m
----------------------------------------------------------------------------
B3-11-05 39 59 2.0 gr Au19 m
----------------------------------------------------------------------------
Incl. 40 46 3.44 gr Au6 m
----------------------------------------------------------------------------
B3-11-06 44 47 2.48 gr Au3 m
----------------------------------------------------------------------------
Incl. 45 46 6.79 gr Au1 m
----------------------------------------------------------------------------
B3-11-08 0 12 2.27 gr Au12 m
----------------------------------------------------------------------------
Incl. 0 5 3.10 gr Au5 m
----------------------------------------------------------------------------
9 10 6.44 gr Au1 m
----------------------------------------------------------------------------
B3-11-09 0 8 1.26 gr Au8 m
----------------------------------------------------------------------------
Incl. 3 4 5.48 gr Au1 m
----------------------------------------------------------------------------
7 8 3.32 gr Au1 m
----------------------------------------------------------------------------
B3-11-12 1 30 1.15 gr Au29 m
----------------------------------------------------------------------------
Incl. 24 29 2.5 gr Au5 m
----------------------------------------------------------------------------
B3-11-13 0 10 0.89 gr Au10 m
----------------------------------------------------------------------------
Incl. 9 10 3.55 gr Au1 m
----------------------------------------------------------------------------
B3-11-14 5 6 2.83 gr Au1 m
----------------------------------------------------------------------------
33 34 1.52 gr Au1 m
----------------------------------------------------------------------------
B3-11-18 3 9 2.20 gr Au6 m
----------------------------------------------------------------------------
B3-11-21 11 12 1.89 gr Au6 m
----------------------------------------------------------------------------
B3-11-22 33 37 1.13 gr Au4 m
----------------------------------------------------------------------------
53 64 1.27 gr Au12 m
----------------------------------------------------------------------------
Incl. 60 61 9.97 gr Au1 m
----------------------------------------------------------------------------
B-2 23 7 22 1.63 gr Au15 m
----------------------------------------------------------------------------
Incl. 11 16 2.82 gr Au5 m
----------------------------------------------------------------------------
B3-11-24 0 4 4.22 gr Au4 m
----------------------------------------------------------------------------
Incl. 0 1 15.8 gr Au1 m
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40 43 1.50 gr Au3 m
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B3-11-26 0 35 1.47 gr Au35 m
----------------------------------------------------------------------------
Incl. 9 11 2.52 gr Au2 m
----------------------------------------------------------------------------
17 24 2.72 gr Au7 m
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28 30 4.09 gr Au2 m
----------------------------------------------------------------------------
33 35 5.16 gr Au2 m
----------------------------------------------------------------------------
55 58 5.35 gr Au2 m
----------------------------------------------------------------------------
B3-11-27 16 26 2.0 gr Au10 m
----------------------------------------------------------------------------
Incl. 22 26 4.24 gr Au4 m
----------------------------------------------------------------------------
B3-11-30 9 23 2.76 gr Au14 m
----------------------------------------------------------------------------
Incl. 9 12 5.0 gr Au3 m
----------------------------------------------------------------------------
16 20 4.54 gr Au4 m
----------------------------------------------------------------------------
56 61 3.51 gr Au5 m
----------------------------------------------------------------------------
B3-11-31 36 43 4.1 gr Au7 m
----------------------------------------------------------------------------
52 53 16.5 gr Au1 m
----------------------------------------------------------------------------
56 57 7.13 gr Au1 m
----------------------------------------------------------------------------
63 66 3.04 gr Au3 m
----------------------------------------------------------------------------
B3-11-33 12 21 4.41 gr Au9 m
----------------------------------------------------------------------------
Incl. 14 17 6.0 gr Au3 m
----------------------------------------------------------------------------
B3-11-36 27 29 1.23 gr Au2 m
----------------------------------------------------------------------------
B3-11-43 18 19 2.61 gr Au1 m
----------------------------------------------------------------------------
B3-12-05 42 44 1.73 gr Au 2 m
44 46 0.47 gr Au 2 m
52 54 0.96 gr Au 2 m
54 56 1.18 gr Au 2 m
62 64 1.24 gr Au 2 m
----------------------------------------------------------------------------
BEST RC INTERSECTION ON SOLOTOMO PIT ZONE
----------------------------------------------------------------------------
Section Hole # Grade g/t Au Interval
----------------------------------------------------------------------------
250 N SO 17 1.84 g Au/4.0 m 8 m to 12 m
1.49 g Au/4.0 m 20 m to 24 m
----------------------------------------------------------------------------
200 N SO 14 0.49 g Au/40.0 m 0 to 40.0 m
----------------------------------------------------------------------------
SO 15 1.66 g Au/8.0 m 4 to 12 m
----------------------------------------------------------------------------
SO 16 1.30 g Au/8.0 m 52 to 60 m
----------------------------------------------------------------------------
150 N SO 11 0.6 g Au/8.0 m 4 to 12 m
1.74 g Au/20.0 m 32 to 52 m
including 3.53 g Au/8.0 m 32 to 40 m
----------------------------------------------------------------------------
SO 12 0.98 g Au/25 m 16 to 41 m
----------------------------------------------------------------------------
100N SO 08 1.20 g Au/4 m 34 to 40 m
----------------------------------------------------------------------------
SO 10 1.23 g Au/4 m 76 to 80 m
----------------------------------------------------------------------------
050N SO 05 3.47 g Au/4.0 m 74 to 78 m
----------------------------------------------------------------------------
SO 06 1.61 g Au/4.0 m 4 to 8 m
1.80 g Au/8.0 m 16 to 28 m
----------------------------------------------------------------------------
000 SO 01 1.20 g Au/4.0 m 4 to 8 m
----------------------------------------------------------------------------
SO 02 1.09 g Au/4.0 m 28 to 32 m
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ABOUT THE BALANDOUGOU PROJECT
The Balandougou project in Guinea is a 49% / 51% joint venture between Stellar
Pacific Ventures and its partner Ultragold Holding based in Denver. Colorado.
The Balandougou property is located 100 kilometres north of Siguiri in Upper
Guinea at the Mali border. It is comprised of four contiguous exploration
licences that cover an extensive area of 606 km2.
To date, and on the basis of gold in soil anomalies and extensive geological
observations of different artisan digging sites and finally on the basis of full
magnetic and radiometric coverage of the whole 606 km2 of the Balandougou
property. 16,000 metres of core and RC drilling were done on the property. This
work led to the discovery of 3 extensive gold mineralized structures, namely,
the Solotomo, B3 and B1 zones. Those three structures total 2,000 linear metres
of gold mineralization and all three of them remain open in all directions.
For further details on BALANDOUGOU Project, please consult:
http://www.stellarpacific.ca/en/english/balandougou-project-en.html
ABOUT STELLAR PACIFIC VENTURES
Stellar Pacific Ventures Inc. is a Canadian mine exploration company based in
Montreal, Quebec, with operations concentrated mainly in West Africa.
The Company is currently developing the promising gold potential of the
Balandougou property in Guinea, which is at an advanced exploration stage, as
well as the Namarana project in Mali. The exploration licences held by Stellar
and its partners cover 1,100 km2 located entirely on the West African Birimiam
Gold Belt.
Stellar also holds a 10.5% equity interest in TomaGold Corporation Inc., a
Canadian mining company active in the exploration of gold properties in Northern
Quebec.
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:
Stellar Pacific Ventures Inc.
Maurice Giroux, President and CEO
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarpacific.ca
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