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Stratex posts encouraging results from Goldstone's Ghana project

Among the highlights from three diamond holes was a 23.3 metre intersection at a grade of 1.39 g/t
Stratex posts encouraging results from Goldstone's Ghana project
Stratex holds a 33.45% interest in Goldstone, whose main project is the 602,000 ounce Homase/Akrokerri gold project

The latest drill results from Goldstone Resource's Homase/Akrokerri gold project in Ghana  show the potential for increasing the resource there, Stratex International plc (LON:STI) told investors.

Among the highlights from three diamond holes was a 23.3 metre intersection at a grade of 1.39 g/t (grams per ton) from a depth of 170 metres.

That included 6 metres at 4.44 g/t from 187.3 metres and 3 metres at  8.21 g/t from 190.3 metres, the AIM firm revealed.

The drilling also confirmed the continuity of the mineralised zone to depths of between 120-180m under the former open pit, while a deeper intersection suggested the potential for parallel orebodies.

Stratex holds a 33.45% interest in Goldstone, whose main project is the  602,000 ounce Homase/Akrokerri gold project, and where the aim is to add shallow oxide ounces to the current resource.

The licences lie within the Birimian-age Ashanti Gold Belt which hosts AngloGold Ashanti's 42 million ounce Obuasi gold mine.

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September 01 2016

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