The Canadian exploration company Stellar AfricaGold Inc., which explores precious metals, has announced it secured four new exploration permits to expand operations in Tichka, south-southwest of Marrakech.
An addendum to an exploration agreement signed by the company and the Moroccan National Office of Hydrocarbons and Mines (ONHYM) on August 18, 2020 has been signed.
Four new exploration permits annexing to the initial Tichka-Est Gold Project have been granted to the Canadian company according to the new clause. In addition, the authorizations bring the company’s total number of licenses in Morocco to seven, covering an exploration area of 82 square kilometers.
“Two of the four additional permits are strategically located in relation to the two gold structures A and B recently discovered by Stellar’s extensive prospecting and trenching programs,” said the company’s statement.
Stellar indicated that it will immediately begin exploring the four new permits in order to take advantage of the region’s abundance of gold.
It noted that the company can “immediately commence exploration on the new highly prospective ground” as a result of the four additional permits.
A total of seven permits total 82 square kilometers are included in the Tichka Est Gold Project, according to information provided by the company. The project is located in the High Atlas mountains in Morocco, approximately 80 kilometers south-southwest of Marrakech.
ONHYM originally identified two gold-bearing formations in-stream silts, which Stellar subsequently discovered after following up on extensive reconnaissance and upstream prospecting.
Exploration for new wealth minerals and expansion of operations will be undertaken by the company. Among Stellar’s most important exploration projects is the Tichka Est Gold Project.
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