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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: STI
Latest Price: 7.88p  (0,00%)
52-week High: 9.90p
52-week Low: 6.63p
Market Cap: 28.45M
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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.

 

Full Stratex International profile here
Pdf

Stratex cuts 93.6 metres @ 5.61 grams per tonne gold at Öksüt

26th Jan 2009, 11:01 am Stratex cuts 93.6 metres @ 5.61 grams per tonne gold at Öksüt

Gold and base metal exploration and development company, Stratex International, reported further positive assay results from the Ortaçam Zone at the Öksüt prospect in Turkey. Stratex commenced drilling at Öksüt in mid-August 2008 and has completed 2,677.9 metres.


Stratex has a 100% interest in the project, and has been focusing on building the size of the resource at the project.  The highlight of the assay results released today was drill hole ODD-12, which cut 93.6 metres @ 5.61 grams per tonne.


"The results prove that partial to complete oxidation persists down to a vertical interval of more than 100 metres, dependent on the degree of pervasive fracturing present within the zone," the company noted.


Stratex further stated that it had completed a geochemistry survey over the entire Öksüt prospect, which returned anomalous amounts of gold, copper, molybdenum and bismuth, which may be "indicative of a concealed porphyry system".


Stratex Executive Chairman David Hall said the company looked forward to reported further results from Öksüt:


"The recent excellent results achieved, including the exceptional intersection of 93.6m returning 5.61g/t, have enabled us to gain a better understanding of the gold mineralisation controls at Öksüt and demonstrate that the Ortaçam Zone forms part of an even larger gold system than first anticipated."


"Recently undertaken mapping and soil sampling have highlighted new prospective target zones, which are scheduled to be explored in due course.  With these results indicating the significant potential of the Öksüt gold deposit, we look forward to continuing this exciting exploration programme in 2009 and reporting further results from the project.'

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