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Stratex International – Tembo sinks first hole on Buly trend

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Stratex International’s (LON:STI) 12% owned Tembo Gold Corp (CVE:TEM) has now drilled its first hole on the Buly trend, near artisanal workings, in Tanzania.

It encountered a strong magnetic lineament, and that has boosted confidence.

Stratex chief executive Bob Foster said: "The Buly Trend is broadly defined by a number of magnetic lineaments with a NW-SE orientation similar to that of the shear zones hosting the 20 million oz Bulyanhulu Gold Mine and located between 4 km and 9 km along strike from the main mineralised zones at Bulyanhulu. 

“The fact that the first hole drilled into such a lineament close to the Buly artisanal workings intersected a substantial shear zone gives us confidence in projecting the gold-hosting shear zones from Bulyanhulu into the Tembo tenement area.”

At the same time, Stratex told investors that Tembo has now completed an induced polarisation (IP) geophysical survey in the area.

Foster adds: “The recently completed IP survey over a wider part of the tenement area has identified a strong conductor that is coincident with a NW-trending zone along strike from the Buly workings and the current drill hole will investigate whether the chargeability of the zone is related to sulphide mineralisation. 

“In fact, the long drill hole has the potential to intersect both a high-level zone and a deeper zone. We await the results of the drilling with considerable interest."

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