ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

STI Stratex

0.425
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stratex LSE:STI London Ordinary Share GB00B0T29327 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.425 0.40 0.45 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Stratex International PLC Goldstone Ghana Exploration Update (9544O)

11/11/2016 7:00am

UK Regulatory


Stratex (LSE:STI)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Stratex Charts.

TIDMSTI

RNS Number : 9544O

Stratex International PLC

11 November 2016

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

Stratex International Plc

('Stratex' or 'the Company')

Goldstone Ghana Exploration Update

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, is pleased to report that Goldstone Resources Limited ("Goldstone"; AIM: GRL), in which it holds a 33.45% interest, has today announced an exploration update for its Homase/Akrokerri project in Ghana.

Goldstone's exploration update details results of a recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation ("RC") drilling of the AK02 prospect, located immediately south-west and along-strike of the Homase/Akrokerri deposit and within the Akrokerri licence.

Highlights of Goldstone's drilling programme results

-- RC drilling of a 750 metre-long gold-enriched saprolite zone identified within the AK02 prospect by the 2015 auger drilling programme confirmed mineralisation at depth and returned significant intersections of 14 metres @ 1.18 g/t gold ("Au") and 8 metres @ 1.88 g/t Au;

-- A 120 hole infill auger programme defined a new 1,250 metre x 350 metre zone of gold enrichment in saprolite located approximately 100-200 metres east of the 2015 auger anomaly;

-- Geological interpretation of the 2016 auger and RC drilling indicates that the complex structural zone between Homase and AngloGold Ashanti's Obuasi Mine is prospective and that the south-western extension of the main Homase mineralised zone has been offset 200 metres eastward by faulting;

-- RC drilling of the southern part of the previously identified Homase-Akrokerri resource zone confirmed continuity of the zone but with limited potential for identifying additional oxide resource;

-- Diamond drilling, targeting vertical depths of 200-300 metres, commenced to evaluate high-grade ore shoots beneath the known Homase oxide resource.

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

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           Tel: +44 (0)20 7830 9650 
  Plc 
 Marcus Engelbrecht / Christopher Hall / 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 30% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. With its experienced management team, the Company is well-placed to advance its existing exploration programmes and is actively seeking to acquire near or at production assets and advanced exploration projects.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAKFFFSXKFEF

(END) Dow Jones Newswires

November 11, 2016 02:00 ET (07:00 GMT)

1 Year Stratex Chart

1 Year Stratex Chart

1 Month Stratex Chart

1 Month Stratex Chart

Your Recent History

Delayed Upgrade Clock