Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Stratex, GoldStone Find Two Potential New Gold Anomalies In Ghana

Thu, 21st May 2015 09:14

LONDON (Alliance News) - Stratex International PLC and Goldstone PLC Thursday said the auger sampling programme has been successfully completed over eight high-priority gold targets close to and along the strike from the Homase/Akrokerri gold deposit in Ghana which may have found two new gold discoveries.

A total of 1,332 auger holes were drilled to a maximum depth of three metres each, and results have indicated two potentially new zones of mineralisation, consisting of a 1,500 metre anomaly at the AK02 prospect, immediately south west and along strike of the Homase/Akrokerri deposit, and an 800 metre anomaly, the AK04 prospect, that may be an extension of AK02 prospect.

The companies said both newly discovered prospects show "immediate promise" to host additional bedrock gold mineralisation to potentially add to existing resources. Close-spaced infill auger sampling is underway to support future definition of drill targets.

Stratex has a 33.45% stake in the Homase/Akrokerri gold deposit whilst GoldStone holds the remaining stake.

Stratex shares were up 7.0% at 1.15 pence Thursday morning, while Goldstone shares were down 6.7% at 2.31p.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

Related Shares

More News
22 Apr 2024 14:45

UK shareholder meetings calendar - next 7 days

10 Apr 2024 19:30

IN BRIEF: Goldstone Resources publishes delayed accounts for 2022

Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Publishes accounts for full-year 2022 and the first half of 2023 after a protract...

10 Apr 2024 15:22

Goldstone Resources raises GBP1.8 million in share subscription

(Alliance News) - Goldstone Resources Ltd on Wednesday said that it has raised GBP1.8 million before expenses via a subscription of 182.0 million new ...

2 Apr 2024 19:02

TRADING UPDATES: Roadside shares suspended; Adnams looks for funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.