Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

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.

Giles_55af4ddca6481.jpg
Why Invest In Stratex International plc? Read More Here

Register here to be notified of future STI Company articles
View full STI profile

Stratex International plc Timeline

Newswire
September 01 2016

Related Articles

picture of gold mine
January 11 2017
New Luika comprises nine deposits in the south of Tanzania
gold nuggets on a table
Mon
The junior miner is making strides in developing its five gold-focused projects in Western Australia and Tasmania
Picture of gold bars of type mined by Aureus
December 09 2016
MNG Gold has strong financial backing, operational experience and is an existing operator in Liberia.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use