Last checked at 26 Jan 2017 07:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or 'the Company')
Goldstone Announces Positive Drilling Results
Stratex is pleased to report that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which it holds a 33.45% interest, has announced an update for its drilling programme at the Homase/Akrokerri gold exploration project in Ghana.
Highlights:
· Assays from three diamond drill holes have returned encouraging results, including:
- 21 metres @ 1.98 g/t from 143 metres, including 7.4 metres @ 3.37g/t from 155.2 metres;
- 23.3 metres @ 1.39 g/t from 170 metres, including 6 metres @ 4.44g/t from 187.3 metres and 3 metres @ 8.21g/t from 190.3 metres;
· Drilling results have confirmed the continuity of the identified mineralised zone to vertical depths of between 120-180 metres beneath the base of the historic open pit;
· A deeper intersection suggests the potential for parallel orebodies within the major structural corridor;
· The latest results underpin the current exploration programme focusing on the upper zones of the Homase mineralised corridor.
The full announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.
Stratex's Chief Executive Officer, Marcus Engelbrecht, said: "The positive results of the current drilling programme at Goldstone continue to support our view that the Homase/Akrokerri project has the potential to deliver a significant increase in defined resources in a recognised gold district in Ghana".
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
* * ENDS * *
For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Marcus Engelbrecht / Claire Bay
| |
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Philip Secrett / Samantha Harrison / Daniel Bush
| |
Hannam & Partners | Tel: +44 (0)20 7907 8500 |
Neil Passmore/ Andrew Chubb
|
|
Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns a 45% share of the Altıntepe gold mine in Turkey. It also owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal.