Stratex International

Full Stratex International profile here

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.

 

Stratex intersects 23m @ 4.9 g/t Gold

Wednesday, November 14, 2007 by proactiveinvestors.co.uk

Proactiveinvestors recommends

rill results from Stratex International, the gold and base metal exploration company focused on Turkey, made pleasant reading for investors. Highlights from an in-fill drilling program at the Inlice gold project included 22.95 metres grading 4.87 grams per tonne gold and 9.6 metres grading 7.49 grams per tonne gold within a wider intersect of 54.63 metres with an average grade of 2.47 grams per tonne gold. The additional drilling data will be added to an revised resource estimate for Inlice which is expected to be released soon.

Stratex added that its joint venture partner, Tech Cominco, had completed approximately 9,000 line kilometres of airborne geophysics over the Konya Volcanic Belt to identify additional anomalies.


Stratex CEO Dr Bob Foster said, 'The down-dip limit of the mineralised zone has now been defined in terms of potential open pit exploitation and our focus has moved to the wider and higher-grade near-surface resource within the Gap Zone, where we plan a further three or four holes before finalising the update of the resource estimate. The ongoing drilling has achieved the objective of increasing the confidence levels of the in situ gold resource. We anticipate that a significant portion of the resource will be re-categorised as indicated and measured and thus will be effectively moved up the value-added chain. This will form a sound basis for future economic modelling.'

Register here to be notified of future Stratex International articles.

Investors interested in Stratex International recently viewed

Additional Information

Market:AIM
Sector:General Mining - Gold
EPIC:STI
Latest Price: 3.18p  (0.00%)
52-week High:4.63p
52-week Low:3.00p
Market Cap:9.11M

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.