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Stratex International Plc
Summary
| Project: | Anbat | |
|---|---|---|
| Deposit: | Anbat | |
| Location: | Egypt | |
| Commodities: | Gold | |
| Date: | 2/27/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-2-2017: Stratex International Plc announces an Exploration/Drilling Update report for its Anbat deposit at the Anbat project. Drilling results incl. 58.06m @ 2.09g/t Au from 47.6m. Stratex International Plc, the AIM quoted exploration and develo | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Stratex International Plc, the AIM quoted exploration and development company focused on gold and base metals in Turkey and Africa provides an update on its 45% stake in the Altıntepe Gold Mine ("Altıntepe") in Turkey and its investments in various exploration ventures in East and West Africa. Thani Stratex has recently announced excellent results for its Anbat Project in Egypt. Following the definition of a revised geological model, which interpreted a shallow zone of near-surface gold mineralisation, two diamond drill holes tested the ground to the east and west of an identified intrusive porphyry. The holes yielded best results of 58.06 m @ 2.09 g/t Au and 23.55 m @ 4.38 g/t Au from 69.65 m, including 4 m @ 12.59 g/t Au from 74 m (TDAND-001) and 14.5 m @ 1.92 g/t Au from 136.7 m (TDAND-002), respectively. These results have confirmed continuity of mineralisation defined by historic drilling. A further three holes (TDAND-003, -004 and -005) have confirmed the geometry of the zone, with visible gold observed in hole TDAND-004. Results for the three further holes are awaited. Field work has defined a further new zone of alteration 500m to the east of TDAND-001. The entire area will be re-mapped and historic drill core will be re-logged to assist with future drill targeting. | |
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