Oriole Resources Regulatory News (ORR)

29 Apr 2008 08:30

Stratex International PLC29 April 2008 Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining 29 April 2008 Stratex International Plc ("Stratex" or the "Company") Annual General Meeting Statement Stratex International Plc, the AIM quoted international exploration anddevelopment company currently focusing on gold and base metal opportunities inTurkey, held its Annual General Meeting yesterday, 28 April 2008, and allresolutions were duly passed. At the meeting, Chairman David Hall said, "Stratex continues to deliver excitingresults through discovery and resource development. We are focused on expandingour portfolio of gold discoveries in newly defined mineralised provinces andincreasing our resource base. With gold at record new levels, as are copper,nickel and other metals, the importance of exploration and development cannot beover emphasised. Stratex, with its growing portfolio of quality projects inTurkey, is well positioned to take advantage of this and, in turn, deliver valueto shareholders." The full presentation given at the meeting is now available on the Company'swebsite www.stratexinternational.com. * * ENDS * * For further information visit www.stratexinternational.com or contact: David Hall Stratex International Plc Tel: +44 (0)20 7830 9650 Bob Foster Stratex International Plc Tel: +44 (0)20 7830 9650 Claire Palmer Stratex - Investor Relations Tel: +44 (0)20 7830 9650 Anita Ghanekar Hanson Westhouse Limited Tel: +44 (0)20 7601 6100 Isabel Crossley St Brides Media & Finance Ltd Tel: +44 (0)20 7236 1177 Victoria Thomas St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177 Notes to editors: Stratex International Plc is an AIM-quoted exploration and development companycurrently focusing on gold and base metal opportunities in Turkey. Its provenstrategy is to discover and develop new projects by focused low-costexploration, thus adding maximum value prior to optioning/joint venturing orselling on to a dedicated mining company. Stratex's portfolio covers 11 licence blocks in central and western Turkeytotalling approximately 1,630 sq km. These include the Inlice high-sulphidationgold deposit in the Konya Volcanic Belt, the Altintepe multi-occurrence prospectcomprising a number of discrete gold-bearing zones, Doganbey - a new porphyrygold-molybdenum target within the Konya Volcanic Belt, Muratdere - a porphyrygold-copper-molybdenum occurrence and Karaagac - a partially exposed, gentlydipping gold-bearing zone. Ongoing resource drilling and exploration programmesare underway on a number of these licences, focused on increasing Stratex'stotal resources, currently standing at slightly more than 841,000 oz of gold.Furthermore, the Company has a healthy project pipeline portfolio, which itcontinues to strengthen through the acquisition of additional licences. Stratex has a strategic partnership with Canadian major mining company, TeckCominco Limited, which has an 8.8% stake in the Company, enabling the twoparties to pool expertise, skills and databases to identify potential projects. This information is provided by RNS The company news service from the London Stock Exchange