Stratex International PLC Thani Stratex Reports Further Drill Results (0791A)
22 March 2017 - 6:00PM
UK Regulatory
TIDMSTI
RNS Number : 0791A
Stratex International PLC
22 March 2017
Stratex International Plc / Index: AIM / Epic: STI / Sector:
Mining
Stratex International Plc
('Stratex' or 'the Company')
Thani Stratex Reports Further Encouraging Drill Results
Thani Stratex Resources Limited ("Thani Stratex"), in which the
Company holds a 30.4% interest, has recently announced further
drill results for its Anbat Project in Egypt.
Highlights
-- 227 g/t Au over 1.25 m from 128 m (TDAND-04);
-- 4.85 m @ 1.99 g/t Au from 99.15 m (TDAND-04);
-- 32.35 m @ 1.48 g/t Au incl. 18.2 m grading 2.25 g/t Au from 100.8 m (TDAND-05); and
-- Additional flat-lying gold zones confirmed.
Further Details
Following the announcement of initial results from its Anbat
Project in Egypt (Stratex announcement dated 27(th) February 2017)
Thani Stratex has reported results from four further diamond drill
holes. Holes TDAND-003, -004 and -005 have confirmed the
newly-interpreted geometry of a near-surface, flat-lying
gold-mineralised zone to the east side of an identified mineralised
intrusion, with visible gold observed in holes TDAND-004, 100 m to
the west of TDAND-001, and TDAND-005, 50 m south of TDAND-001. The
drilling has also identified additional deeper flat-lying zones of
mineralisation. Best results include (using 0.1 g/t Au
cut-off):
-- 10.0 m @ 0.99 g/t Au from 117.5 m and 11.2 m @ 1.02 g/t Au
from 144.0 m. (TDAND-03, drilled 100 m to the north-east of
TDAND-001);
-- 6 m @ 0.59 g/t Au from 75 m, 4.85 m @ 1.99 g/t Au from 99.15
m and 1.25 m @ 227 g/t Au (7.2oz/t) from 128 m (TDAND-04); and
-- 32.35 m @ 1.48 g/t Au from 86.65 m incl. 18.2 m @ 2.25 g/t Au
from 100.8 m, and 9.6 m @ 0.91 g/t Au from 184.4 m (TDAND-05).
TDAND-06, drilled 100 m due south of TDAND-05, returned 3 deeper
zones of mineralisation:
-- 8.15 m @ 0.74 g/t Au from 139.5 m;
-- 10.9 m @ 1.04 g/t Au from 160.7 m; and
-- 20.2 m @ 0.57 g/t Au from 201 m, incl 7.7 m @ 1.15 g/t Au from 213.5 m.
Thani Stratex has drilled one final hole in the current
programme, TDAND-07, 300 m northwest of TDAND-05, for which results
are awaited.
For further details, the announcement by Thani Stratex can be
found at http://www.thanistratex.com/news/
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"). Following
the publication of this announcement, this inside information is
now considered to be in the public domain.
* * 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 / 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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