Stratex International’s Pandora gold vein in Djibouti could be a game-changer if drilling results show it continues at depth and along strike, according to a broker.
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Stratex International is an exploration and development company focusing on gold and high-value base metals. The company objective is to be a leading-edge and innovative explorer whilst creating revenue from gold and base metal production via well-managed joint-ventures.
Since formation, Stratex has rapidly amassed a portfolio of high-potential exploration licences in Turkey and Ethiopia, primarily focussed on gold.
21/05/12
Stratex International’s Pandora gold vein in Djibouti could be a game-changer if drilling results show it continues at depth and along strike, according to a broker.
03/05/12
Stratex International today unveiled what it describes as an impressive gold discovery at the Pandora vein within the Oklila licence, Djibouti, West Africa.
15/02/12
Stratex International this morning unveiled a 230 per cent increase in the resource at the Öksüt high-sulphidation gold project in Turkey.
09/02/12
The broker said that last year’s drilling provided ‘consistently exceptional’ results and it is looking forward to a new resource statement for the project.
27/01/12
Drilling results are soon due from Stratex International’s Blackrock and Öksüt projects and should give a boost to the explorer’s value, says its house broker.
07/12/11
The boss of Stratex International hailed this week’s development agreement with Turkish firm Bahar Mining for its Altintepe project as a massive step forward for the group.
02/12/11
The firm is prepared to pay up to £4.7 million for Silvrex in order to acquire its exploration assets in Senegal and Mauritania. Northland Capital Partners and FoxDavies both welcome the deal, and have ‘buy’ ratings for Stratex’s shares
02/12/11
The firm is prepared to pay up to £4.7 million for Silvrex in order to acquire its exploration assets in Senegal and Mauritania
17/11/11
Stratex told investors that the latest batch of drill results from the Öksüt project in Turkey were excellent. It confirms the Ortaçam North area as a major zone of gold mineralisation, it said.
06/10/11
Stratex shares could almost double in value as the group starts producing gold in turkey and unlocks the ‘blue sky’ potential within its African exploration portfolio, according to research by Northland Capital.
14/09/11
While investors may be seeking the potential thrills of bonanza grades and multi-million ounce discoveries in Africa, in valuation terms at least, Turkey is the group’s foundation. We spoke to CEO Bob Foster as he prepares for the group’s first production revenues next year, as the Inlice gold mine comes online.
10/08/11
Highlights at the firm’s MG-DD-10 hole include 8.27 grams per tonne over 0.3 metres and 3.56 grams per tonne over 2.9 metres. The firm says “equally significant” results have been returned from its nearby Akehil gold prospect in the form of high-grade float samples.
24/06/11
Stratex International shares were trading up nearly seven percent this morning after the firm revealed AngloGold Ashanti is taking an 11.5 percent stake in the company
13/04/11
Stratex International director David Hall has described the discovery of significant new epithermal gold mineralisation at the company’s Blackrock exploration licence in Ethiopia as “truly exciting”. In fact the mining veteran, a former exploration manager for AngloGold Ashanti, says the wider Afar area in which Blackrock is located has the potential to be a world class gold district.
23/02/11
The junior gold company is working hard to bring two fairly modest but near-term and cash-generative gold mines into production, while exploring larger prospects in Turkey and East Africa. This morning Fox-Davies Capital gave the stock a significant upgrade. The shares have more than doubled in value since the Autumn and with so much going on we took a moment to take a closer look.
14/01/11
Last October the junior gold explorer agreed a deal with one of the world's largest gold miners and a major Middle Eastern investor to jointly explore a new East African gold frontier. That deal is now being finalised and the new partner is ready to invest in both Stratex and the project. Which will soon drive a significant step-up in activity.
29/10/10
Stratex CEO Bob Foster speaks to Proactive Investors about the exciting new joint venture with the one of the world's largest gold miners, AngloGold Ashanti. Foster says that initial prospects are straightforward to target with satellite imaging and with the backing of its major new partner, it is looking for big impact discoveries in the coming months.
26/10/10
Stratex shares were boosted by positive drilling results in central Turkey. The Hasançelebi joint venture with Teck Resources is demonstrating potential as a low-grade, high-tonnage, near-surface gold project. Chief executive Bob Foster told Proactive Investors that Hasançelebi has potential for better results through further exploration.
21/10/10
When the movers and shakers of mining and finance meet under one roof it can mean just one thing: the FINEX 2010 conference is about to get into full swing. Here we preview the event, which takes place on October 27 and 28 at the Geological Society, Burlington House, Piccadilly, and pick out some of the highlights.
12/10/10
Stratex shares have advanced over 40% in recent weeks, and this new farm-out deal with an international mining major is likely to stir up further interest in the AIM-listed gold junior. An AngloGold subsidiary has invested US$500,000 into Stratex and it can earn up to 70% of the Afar project in Ethiopia and Djibouti.
16/07/10
It promises to be a busy end of year for news-flow from Stratex International (LON:STI) as it bids to get its first gold project in Turkey up and running by the end of 2011.
09/06/10
The group acquired six new licences in Djibouti, and now has a exploration area of 2,780km² stradddling the Ethiopia-Djibouti border in this highly prospective gold region.
02/03/10
Carried out to JORC standards, the in-house resource estimate puts 147,814 ounces of oxide gold across all resource categories into the Ortacam Zone of the Turkish project.
03/02/10
The company formalised the M0U about a joint venture it entered in June 2009 with NTF Insaat Ticaret. The partners target production at Inlice to start in 2011.
24/11/09
Stratex International’s recent move into Ethiopia seems to be paying off. The company announced positive gold results from its exploration programme at the Shehagne licence in the North of the country.
06/10/09
Stratex, whose name derives from “Strategic Exploration”, has always had a clear business model. It is firmly rooted in economic exploration and the application of science to the ground, and is focussed on the skills of the high calibre, well-respected management team
01/09/09
Stratex International PLC (AIM: STI) has taken a stake in an Ethiopia-focused exploration company and has entered a joint venture with its new partner to target prospects in the north of the country.
17/08/09
Stratex International announced another milestone this morning in the form of a joint venture with mid-tier gold producer Centerra Gold.
30/06/09
15/06/09
12/12/08
02/10/08
06/02/08
With encouraging results from Altintepe and Inlice, and the Konya developing as a possible multi-prospect play, and about £6.0 million in the bank, it looks like Stratex is going to have a very busy year
02/11/07
The upshot is that Stratex will maintain its focus on exploration, seeking to build its resource at Inlice and Doganbey as well as developing other prospects in Turkey
18/10/06
Drilling continues, with a further 5,000 metres and a second drill rig planned for the immediate area, some of which will test the footwall of the Ana West zone and also the north-west extension found by INDD12, which continues NW for a further 750 m before intersecting the complex mix of breccia bodies and silica zones of the Merkez Zone.