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Stratex International Plc
Summary
| Project: | Oklila | |
|---|---|---|
| Deposit: | Pandora | |
| Location: | Djibouti | |
| Commodities: | Gold | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-4-2018: Stratex International Plc announces an Exploration/Drilling Update report for its Pandora deposit at the Oklila project. JV - Drilling results incl. 1.22m @ 55.4g/t Au from 50.38m. Stratex, the AIM-quoted gold-focused exploration and developmen | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Claire Bay (Not stated) | |
| ABSTRACT: | Stratex, the AIM-quoted gold-focused exploration and development company in Turkey and Africa, reports that Thani Stratex Resources Ltd ("TSR"), in which the Company holds a 30.4% interest, has today announced final results for its Phase 2 drilling programme at the Pandora gold project in Djibouti. These drilling results include one outstanding (>30 g/t Au) intersection on the previously untested Pyrrha vein. Tim Livesey, CEO of Stratex, commented: "It's great to see that the latest results from the current drilling phase at the Pandora Gold Project are continuing to show promising intersects. It is clear that the Djibouti team's understanding of the geology in the area is increasing with every hole, as is the potential scale of the district. We look forward to reviewing the project with TSR in detail over the coming months."At the Pandora epithermal gold project in Djibouti, TSR (50%-owner) has completed Phase 2 drilling for a total 3,036.50m in 18 holes. As reported previously (Announcement dated 1 February 2018), the aim of this drilling was to test the depth-extension of previously drilled mineralisation and identify potential higher-grade ore shoots within the system that is believed could lead to the definition of a resource.TSR has today announced results reported in accordance with the JORC code, from the remaining 13 holes in the programme (OK-DD-21 to OK-DD-33) which demonstrates broad zones of multi-gram gold mineralisation towards the NW-end of the main outcropping Pandora vein. These zones also comprises narrower zones of higher-grade mineralisation. Significant intersections, as recalculated by Stratex1, are shown in Table 1. | |
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