Stratex International PLC Goldstone Ghana Exploration Update (9544O)
November 11 2016 - 2:00AM
UK Regulatory
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
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