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February 19, 2014

Stratex completes diamond drilling for 57 holes in Senegal

Stratex International has revealed the drilling results of the first phase of its diamond and reverse circulation (RC) programme at the Dalafin project in Senegal, including mineralised zones at the Faré South prospect.

Stratex International has revealed the drilling results of the first phase of its diamond and reverse circulation (RC) programme at the Dalafin project in Senegal, including mineralised zones at the Faré South prospect.

The company has completed a 4,880m RC and diamond drill programme for 57 holes across three zones at Dalafin-Faré, Baytilaye and Saroudia.

The 13 diamond holes and 35 RC holes were completed for a total 3,937m, at the Faré prospect.

Stratex’s RC and diamond drill results from Faré South prospect includes 14m at 2.94g per tonne (g/t) of gold from 11.1m, including 3m at 10.47g/t.

"The long intersections being returned are very encouraging indeed and follow-up drilling will be a priority."

The prospect results also comprise 13.5m at 2.31g/t of gold from 80.1m, 96m at 1.51g/t of gold from 4.1m, including 10m at 5.07g/t of gold,and 7m at 1.64g/t of gold from 17.6m.

RC and diamond drill results from Faré North includes 3.5m at 2.06g/t of gold from 14.10m, 2m at 1.81g/t of gold from 25m, and 2m at 1.64g/t of gold from 7m.

Stratex noted that the low-grade zones in Baytilaye defined by a cut-off of 0.3g/t of gold, are surrounded by wider envelopes of mineralisation defined by 0.1g/t of gold cut-off.

The company has completed the detailed mapping of the southern target area of Madina Bafé, which will be used to determine gold-bearing veins that should be prioritised for drilling.

Stratex International CEO Bob Foster said the latest drilling results for Faré South continue to indicate the existence of a substantial mineralised gold system that appears to be associated with a porphyry complex.

"The true dimensions and overall geometry of the mineralised body have yet to be clearly defined, but the long intersections being returned are very encouraging indeed and follow-up drilling will be a priority," Foster said.

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