Stellar Pacific Ventures Drills 20 Meters of 1.74 g/t Gold Under Balandougou Solotomo Artisan Digging Site |
| Marketwire.com - Apr 19, 2011 |
MONTREAL, QUEBEC--(Marketwire - April 19, 2011) - Stellar Pacific Ventures Inc. (TSX VENTURE:SPX) ("Stellar" or the "Company") is pleased to announce the results of the compilation of the drill program completed on SOLOTOMO artisan digging site. The program was designed to confirm the vertical and horizontal extension of the gold mineralization at the Solotomo site.
The program consisted of 22 RC holes totalling 1,547m drilled on 7 sections 50 meters apart.
A total of 12 holes intersected important gold mineralization over substantial width. The mineralized structure was tested over a strike length of 300 metres and is open to the SW.
The following table shows a compilation of the RC drill results obtained in the SOLOTOMO Artisan Digging Site:
SECTION # HOLE # GRADE GAU/T INTERVAL
250 N SO 17 1.84gAu/4.0m
1.49gAu/4.0m 8m – 12m
20m – 24m
200 N SO 14
SO 15
SO 16 0.49gAu/40.0m
1.66gAu/8.0m
1.30gAu/8.0m 0 – 40.0m
4 – 12m
52 – 60m
150 N SO 11
SO 12 0.6gAu/8.0m
1.74gAu/20.0m
Incl.
3.53gAu/8.0m
0.98gAu/25m 4 - 12m
32 – 52m
32 - 40m
16 – 41m
100N SO 08
SO 10 1.20gAu/4m
1.23gAu/4m 34 – 40m
67 – 80m
050N SO 05
SO 06 3.47gAu/4.0m
2.61gAu/4.0m
1.80gAu/8.0m 74 – 78m
4 – 8m
16 - 28m
000 SO 01
SO 02 1.20gAu/4.0m
1.09gAu/4.0m 4 – 8m
28 – 32m
The geochemistry of the area shows that the Solotomo gold structure strikes NE-SW. The Solotomo gold mineralization may possibly extend over a minimum of 600 meters to the South West and 1000 meters to the North East.
The SOLOTOMO pit is considered the most important artisan gold site in the area. The reconnaissance and sampling of this particular area by Stellar lead to the "SOLOTOMO Discovery" a large and strong gold in soil anomaly laying just east of the Solotomo Pit and extending for over 3 kilometres. (See Fig on the following link http://media3.marketwire.com/docs/Guinea_map.pdf).
Trenching over certain anomalies and drill results announced earlier has revealed important extensive gold structures. More drill results are expected from the Solotomo discovery program. Stellar wishes to inform shareholders that technical problems at sample preparation laboratory at the UltraGold facilities, combined with the exceptionally high workload at SGS facilities at Siguiri, has resulted in important delays in the results delivery. The company was informed that the situation is now back to normal and that flow of results should begin again.
In planning for high working activity in the Solotomo area, Stellar has started the construction of a satellite camp on site to facilitate logistics and save on travel time. A second phase of 10,000 m. of drilling is schedule to follow the compilation of all results of current phase.
About Stellar Pacific Ventures
Stellar Pacific Ventures (TSX VENTURE:SPX) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada and Africa.
Stellar is dedicated to creating growth by discovering and mining the earth's resources in an efficient and environmentally responsible manner.
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 regulation.
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.
For more information, please contact
Stellar Pacific
Maurice Giroux
President and CEO
514-866-6299
514-866-8096 (FAX)
Ress.stellar@bellnet.ca
www.stellarpacific.ca
Read Full Article from Marketwire.com
- Posted: 2011-04-19 09:48:42
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