Stellar Pacific to compile Balandougou results

2013-01-16 08:10 PT - News Release

 

Mr. Maurice Giroux reports

STELLAR PACIFIC VENTURES HIRES AECOM TO COMPILE BALANDOUGOU RESULTS AND TO PLAN 2013 WORK PROGRAM

Stellar Pacific Ventures Inc. and its joint-venture partner, 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 the Balandougou project in Guinea, west Africa, 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 ZONEHole                         From                To             Intersection                               (m)               (m)               (g/t Au/m)B1-11-04                        0                29                  0.90/30 B1-11-05                        0                66                  0.58/66 B1-11-06                        0                66                  0.28/66 B1-11-09                       42                44                   5.25/2 B1-11-10                        6                 8                   2.46/2                                56                60                    0.5/4 B1-11-11                       10                16                    1.0/6                                52                62                  1.46/10 B1-11-12                        1                48                  1.64/47 including                      13                28                  3.15/15 B1-11-13                        0                 5                   0.92/5 B1-11-20                        0                 4                   0.98/4 B1-11-21                       25                26                   1.29/1                                36                45                    1.0/9 B1-12-03                        2                 4                   0.57/2                                4                 6                   4.08/2B1-12-07                       12                22                  1.24/10B1-12-10                       16                18                   3.97/2
                        BEST RC INTERSECTION ON B3 ZONEHole                         From                To                Intersection                               (m)               (m)                  (g/t Au/m)B3-11-02                        1                 3                      1.24/2B3-11-05                       39                59                      2.0/19including                      40                46                      3.44/6B3-11-06                       44                47                      2.48/3including                      45                46                      6.79/1B3-11-08                        0                12                     2.27/12including                       0                 5                      3.10/5                                9                10                      6.44/1B3-11-09                        0                 8                      1.26/8including                       3                 4                      5.48/1                                7                 8                      3.32/1B3-11-12                        1                30                     1.15/29including                      24                29                       2.5/5B3-11-13                        0                10                     0.89/10including                       9                10                      3.55/1B3-11-14                        5                 6                      2.83/1                               33                34                      1.52/1B3-11-18                        3                 9                      2.20/6B3-11-21                       11                12                      1.89/6B3-11-22                       33                37                      1.13/4                               53                64                     1.27/12including                      60                61                      9.97/1B-2 23                          7                22                     1.63/15including                      11                16                      2.82/5B3-11-24                        0                 4                      4.22/4including                       0                 1                      15.8/1                               40                43                      1.50/3B3-11-26                        0                35                     1.47/35including                       9                11                      2.52/2                               17                24                      2.72/7                               28                30                      4.09/2                               33                35                      5.16/2                               55                58                      5.35/2B3-11-27                       16                26                      2.0/10including                      22                26                      4.24/4B3-11-30                        9                23                     2.76/14including                       9                12                       5.0/3                               16                20                      4.54/4                               56                61                      3.51/5B3-11-31                       36                43                       4.1/7                               52                53                      16.5/1                               56                57                      7.13/1                               63                66                      3.04/3B3-11-33                       12                21                      4.41/9including                      14                17                       6.0/3B3-11-36                       27                29                      1.23/2B3-11-43                       18                19                      2.61/1B3-12-05                       42                44                      1.73/2                               44                46                      0.47/2                               52                54                      0.96/2                               54                56                      1.18/2                               62                64                      1.24/2
        BEST RC INTERSECTION ON SOLOTOMO PIT ZONE                           Hole                     Intersection              From-To                            (g/t Au/m)                  (m)SO 17                        1.84/4.0                 8-12                             1.49/4.0                20-24SO 14                       0.49/40.0               0-40.0SO 15                        1.66/8.0                 4-12SO 16                        1.30/8.0                52-60SO 11                         0.6/8.0                 4-12                            1.74/20.0                32-52including                    3.53/8.0                32-40SO 12                         0.98/25                16-41SO 08                          1.20/4                34-40SO 10                          1.23/4                76-80SO 05                        3.47/4.0                74-78SO 06                        1.61/4.0                  4-8                             1.80/8.0                16-28SO 01                        1.20/4.0                  4-8SO 02                        1.09/4.0                28-32

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, Colo. The Balandougou property is located 100 kilometres north of Siguiri in upper Guinea at the Mali border. It comprises four contiguous exploration licences that cover an extensive area of 606 square kilometres.

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 square km of the Balandougou property, 16,000 metres of core and reverse circulation drilling were done on the property. This work led to the discovery of three 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.