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Stratex International Plc
Summary
| Project: | Oklila | |
|---|---|---|
| Deposit: | Pandora | |
| Location: | Djibouti | |
| Commodities: | Gold | |
| Date: | 6/6/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-6-2017: Stratex International Plc announces an Exploration/Drilling Update report for its Pandora deposit at the Oklila project. JV - Drilling results incl. 6.87m @ 4.45g/t Au from 51.1m. Stratex reports that Thani Stratex Resources Ltd ("TSR"), in whic | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Not stated (Not stated) | |
| ABSTRACT: | Stratex reports that Thani Stratex Resources Ltd ("TSR"), in which the Company holds a 30.1% interest, has today announced the results of its maiden drilling programme at the Pandora epithermal gold project in Djibouti. Commenting on the announcement, Stratex's Chief Executive Officer, Marcus Engelbrecht, said: "The initial drilling results reported for Pandora are exciting and confirm our confidence in the prospectivity of this project. Identifying these high grade intercepts during a maiden drilling programme is exceptional and I wish to congratulate the Thani Stratex team on the results." On 19th May 2017, the Company reported that TSR had completed a 15-hole scout diamond drilling programme at its Pandora epithermal gold prospect in Djibouti (refer to Stratex's press announcement dated 19th May 2017). The 2,159 metre programme focused on the Pandora South and Pandora Central zones, covering a total strike length of 1.2 km, which form part of a 10 km mapped system of epithermal veins, first discovered by Stratex in February 2013. The aim of the drilling programme was to define the width and grade of the gold mineralisation and to confirm its depth continuity. Holes OK-D-01 to OK-D-06 tested the Pandora South zone with OK-D-07 testing beneath a wadi that cuts the outcropping vein. OK-D-08 to 15 tested the Pandora Central zone. | |
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