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Stratex International impressed with latest Dalafin data

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Stratex International (LON:STI) has reported more encouraging results from early stage exploration for gold at Dalafin in Senegal.

The data, generated from a follow-up diamond and reverse circulation drill (RC) programme of the Faré South prospect, showed a bumper grades of more 86 grammes a ton over seven metres in one hole, while other drilling holes found mineralisation consistently over short widths.

Next results will be from further diamond drill and RC assays at Faré South, while drilling has also been completed on the Faré North prospect approximately 2,500 m along strike to the north-north-east. 

Bob Foster, Stratex’s chief executive, said the company was “extremely encouraged" by these initial results and intends to evaluate the very high-grade intersection further by twinning with a diamond drillhole "as a priority". 

"It is particularly exciting to note that the high-grade zone was intersected in an area where the near-surface RAB drilling had only returned intersections of 7 m at 0.11 g/t Au and 4 m at 0.14 g/t Au," he said.

John Cole-Baker executive director for West Africa, added that while very early stage, the results indicated the significant potential at Dalafin. 

“As with much of the Dalafin licence, the iron-rich lateritic cover has inhibited mapping but the airborne geophysical survey and our phased soil sampling campaigns have allowed us to define targets with some confidence.”

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