31st Mar 2009 07:00
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
31 March 2009
Stratex International Plc ("Stratex" or the "Company")
Notice of AGM
Stratex International Plc, the AIM quoted international exploration and development company currently focusing on gold and base metal opportunities in Turkey, is pleased to announce that its AGM will be held at 3.00pm on 29 April 2009 at the offices of Hanson Westhouse Limited, One Angel Court, London, EC2R 7HJ.
The Company also announces that its annual report and accounts for the year ended 31 December 2008, together with the Form of Proxy will be posted to shareholders today and will be available for download at the Company's website www.stratexinternational.com under the Investor Relations section.
The AGM notice can be found in the annual report on page 39.
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For further information visit www.stratexinternational.com or contact:
|
David Hall / Bob Foster |
Stratex International Plc |
Tel: +44 (0)20 7830 9650 |
|
Tim Metcalfe/ Martin Davison |
Hanson Westhouse Limited |
Tel: +44 (0) 20 7601 6100 |
|
Jason Bahnsen |
Fox Davies Capital |
Tel +44 (0) 20 7936 5230 |
|
Isabel Crossley / Felicity Edwards |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Notes to editors:
Stratex International Plc is an AIM-quoted exploration and development company currently focusing on gold and base metal opportunities in Turkey. Its proven strategy is to discover and develop new projects by focused low-cost exploration, thus adding maximum value prior to optioning/joint venturing or selling on to a dedicated mining company.
Stratex is actively seeking a technically capable and well-financed partner with the view to rapidly developing the 542,318 oz oxide resources present at the Altıntepe and Inlice projects.
Stratex's portfolio covers 11 licence blocks in central and western Turkey totalling approximately 1,724 sq km. The Company's latest discovery is the Öksüt high-sulphidation gold deposit with early drilling reporting best intersections of 270.2 m from surface averaging 1.22 g/t Au and 62.45 m grading 2.16 g/t Au from 14.75 m down hole. Additional key projects include Doğanbey - one of four porphyry gold targets within the Konya Volcanic Belt, Muratdere - a porphyry gold-copper-molybdenum occurrence, and Karaağaç - a partially exposed, gently dipping gold-bearing zone. Ongoing drilling and exploration programmes are underway or anticipated on a number of these licences, focused on increasing Stratex's total resources, currently standing at circa 1 million oz of gold and approximately 3.2 million oz of silver. Additionally the Company has a healthy project pipeline portfolio, which it continues to strengthen through the acquisition of additional licences.
Stratex has a strategic partnership with Canadian major mining company, Teck Cominco Limited, which holds an 8.8% stake in the Company, enabling the two parties to pool expertise, skills and databases to identify potential projects.
Related Shares:
Oriole Resources