Stocktube video
10/06/2011

Bob Foster at Stratex says the potential for the company is ‘exciting’ and the upside ‘massive’

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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: STI
Latest Price: 6.00p  (0,00%)
52-week High: 11.38p
52-week Low: 6.13p
Market Cap: 21.79M
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Stratex International
www.stratexinternational.com

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.

 

Pdf

Stratex and Centerra Gold identify multiple gold and copper zones at Öksüt JV

30th Nov 2010, 11:09 am Stratex and Centerra aim to have an independent resource estimate for Öksüt in Q1 2011

Stratex International (LON:STI) and Centerra Gold (TSX:CG)  have found multiple gold and copper zones at the Öksüt project in Central Turkey.

The partners released the results of 16 drill holes at Öksüt. Drilling highlights include several broad but low-grade intersections, ranging from 13 to 136.6 metres with between 0.49 and 2.28 grams per tonne.

Stratex said that broad drill intersections indicate potential for large-tonnage low-grade mineralisation around the main Ortaçam Zone and copper and molybdenum values suggests a porphyry gold-copper system is nearby.

Now the partners plan to get an independent resource estimate for the project, initially pencilled-in for Q1 2011.  

"The latest extended drilling programme at Öksüt has demonstrated the presence of low-grade oxide gold mineralization to the west and south-west of the Ortaçam Zone,” Stratex chief executive Bob Foster said.

He adds: "drilling has certainly extended the previously defined limits of the reported mineralisation in the Ortaçam Zone, for which we reported a preliminary in-house-calculated oxide-gold resource of 147,814 ounces of gold.”

Foster emphasised that Öksüt may evolve into a large-tonnage, low-grade copper-gold project.

“For the first time in this drilling campaign we have observed gold mineralisation occupying gently dipping near-surface volcanic units,” he said, “and this offers significant upside for the delineation of a large-tonnage low-grade gold resource.”

Additionally, Centerra told Stratex that it plans to announce its 2011 funding commitment before the end of 2010.

 

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