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:

- 21.3 metres @ 1.98 g/t from 143.4 metres, including 7.4 metres @ 3.37g/t from 155.2 metres (16HMDD-0001);

- 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 (16HMDD-0002);

· 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 from drill hole 16HMDD-0003 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.  

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