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Thani Stratex Resources Ltd.

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Summary

Project:

Anbat

Deposit:Anbat
Location:Egypt
Commodities:Gold
Date:12/12/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:12-12-2017: Thani Stratex Resources Ltd. announces a Resource Estimation report for its Anbat deposit at the Anbat project. JV - Initial mineral resource estimate for project. Thani Stratex Resources Limited (“TSR”), commissioned CSA Global (UK) Ltd (“CSA
Resources:(Resource, Inf.): 5.9Mt @ 1.11g/t Au for 209Koz Au contained at Anbat
CP/QP:[Resources]: Belinda van Lente (CSA Global Pty Ltd.)
ABSTRACT:Thani Stratex Resources Limited (“TSR”), commissioned CSA Global (UK) Ltd (“CSA Global”) to prepare a Mineral Resource Estimate (“MRE”) and conceptual pit optimisation for the Anbat gold project in Egypt. The Anbat project is located within the remote Red Sea district, approximately 35 km north of El Shalatyne. Access throughout the concession is possible year-round, however does requires ϦWD vehicles due to rough terrain. The area experiences typical desert conditions with summer midday temperatures reaching 50˚ C. Within the Anbat project area gold mineralisation is associated with quartz veining accompanied by chlorite ± biotite overprinted by sericite-carbonate ± pyrite and a final stage of silica-quartz ± carbonate alteration. There are two dominant hosts; a Granodiorite package with vertical veining, and a horizontal Porphyry/Sill package, located within volcanics. The Mineral Resource was largely focused on the Porphyry/Sills.

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