THE GLOBAL SEARCH FOR GOLD SPECIAL — Stellar explores in western Mexico

Junior Stellar Gold (SG-V) plans to spend $100,000 over the next two months exploring a newly acquired gold-silver prospect in western Mexico.

The land package, which comprises 1,500 ha of claims, was worked in the past, on a limited scale, from high-grade outcrops.

Precious metal-bearing mineralization is contained in silicified breccias up to 3 metres wide in volcanic host rock. Surface samples taken from trenches by Stellar returned values of 3 to 5 grams gold per tonne, and up to 65 grams silver.

The company’s geological team also found a wide zone of altered dioritic rock with quartz stockwork containing 2.8 grams gold per tonne over a sample width of 6 metres in one pit area and 2.5 grams about 30 metres away.

The current program will include mapping and sampling to outline drill targets.

Stellar has negotiated an agreement to acquire the property from a Mexican company through staged cash payments. The agreement provides for a net profits interest of 10% to be shared between the vendor and the property’s underlying owners.

Stellar’s initial payment of $30,000 secures the property for a 2-year exploration period, with an option to renew for up to three more years for $10,000 per additional year.