Stratex International PLC Goldstone Auger Drilling Update (0104W)

TIDMSTI

RNS Number : 0104W

Stratex International PLC

03 February 2017

Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc

('Stratex' or 'the Company')

Goldstone Announces Update on Auger Drilling

Stratex wishes to report that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which it holds a 33.45% interest, has announced the results of a short shallow auger drilling programme completed to test areas parallel to the existing JORC Code compliant resource for the Homase-Akrokerri gold project in Ghana.

Highlights:

-- Ongoing review of the extensive historical database relating to the Homase and Akrokerri licences, including a review of the 2012 VTEM survey;

-- Augur programme undertaken to test three of the initial nine targets identified from the review of the 2012 VTEM survey comprising:

   -   36 holes sampling 86 metres at Akrokerri (Eureka SW) 
   -   104 holes sampling 218metres at Homase (Eureka and Eureka NE) 
   --        Assay results from all three targets demonstrate some degree of gold anomalism; 
   --        Two zones of particular significance: 

- Eureka, with marked anomalism over a strike of at least 200 metres and possibly indicating the potential of a 400 metre long geophysical anomaly

   -   Eureka SW, with an anomalous zone >15 ppb Au identified over a distance of 300 metres 

-- These results will be integrated into the 2017 drilling programme which will focus on resource conversion drilling, expanding the existing Homase resource and will also target other areas of interest within the licences.

The full announcement by Goldstone can be found at http://www.goldstoneresources.com/investors/news-releases.html.

* * ENDS * *

For further information please visit www.stratexinternational.com, email [e-mail], or contact:

 
 Stratex International           Tel: [phone] 
  Plc 
 Marcus Engelbrecht / Claire Bay 
 Grant Thornton UK LLP           Tel: [phone] 
 Philip Secrett / Samantha Harrison / Daniel Bush 
 Hannam & Partners               Tel: [phone] 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 03, 2017 07:32 ET (12:32 GMT)