5th Nov 2013 13:16
LONDON (Alliance News) - Stratex International PLC Tuesday said it has found a relatively low grade gold in soil anomaly at its North Suehn site in Liberia.
The AIM-quoted exploration and development company with operations in Turkey, East Africa and West Africa said the best results of the 4.5 kilometre area include 6.3 metres at 1.99 grams per tonne gold, including a 1.2 metre space at 8.99 grams per tonne gold and 0.3 metres at 33 grams per tonne of gold.
The company said that relatively low grades reflect high levels of weathering at the site but that it is believed to indicate well-mineralised zones deeper in the bedrock.
Stratex said that infill trenching to commence shortly in order to test the continuity of mineralisation along the strike and it has identified two further targets for follow up studies during the trenching tests.
The company also said that follow-up drilling is to commence in November on previous positive drill-defined targets at Dalafin, in Senegal.
"We?ve really hit the ground running in West Africa? Stratex's Chief Operating Officer Bob Foster told Alliance News in October. ?Four out of the five sites we drilled at Dalafin are seriously worthy of follow up and we?re commencing a further drilling programme in November. We should be seeing first results trickling through to the market mid first quarter.?
Stratex shares were down 3.8% to 4.33 pence Tuesday.
To read the interview with Stratex's Bob Foster please see the URL below:
http://allapp.alliancenews.com/article?u=c26fbd13353a44cdbc0680f496df6f3b&a=1382094081641590800
By Tom McIvor; [email protected]; @TomMcIvor1
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