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  (-2.12% Descending)
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 finds more gold mineralisation at Afar project in Ethiopia and Djibouti

19th Apr 2011, 7:33 am by Andre Lamberti Exploration at Afar is currently being funded by joint venture partner Thani Ashanti Alliance Ltd, an AngloGold Ashanti JV

Stratex International PLC (LON:STI) said it has found new gold mineralisation at its Afar gold project straddling Ethiopia and Djibouti, highlighting the potential prospectivity of the area as an emerging epithermal gold province.

The 3,853 sq km Afar project comprises five Exclusive Exploration Licences (EELs) in the Afar region of Ethiopia and six EELs in the Republic of Djibouti. 

Exploration at Afar is currently being funded by joint venture partner Thani Ashanti Alliance Ltd, an AngloGold Ashanti Ltd (LON:AGD, ASX:AGG, NYSE:AU, JSE:ANG) JV.

Stratex discovered new gold epithermal mineralisation within the Tendaho EEL in Ethiopia, extended mineralisation at the Asal EEL in Djibouti and it identified a new target within the Dimoli Khan EEL in Djibouti.

Executive director David Hall said: "To date, Stratex has made five early-stage epithermal gold discoveries in the Afar region, which highlights the potential prospectivity of the area as an emerging epithermal gold province.

"The most recent gold discovery, the Akehil target within the Tendaho EEL, … is some 9 km south-west of our original Megenta hot spring discovery. When sampled this float material returned 14.0 grams per ton gold, which is highly encouraging and illustrates the potential for high-grade veins to be discovered in situ. Follow-up work will be undertaken on the Akehil prospect alongside the 3,000 metre drilling programme at Megenta, which is due to start soon,” he added.

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