Stratex confirms mineralisation at North Suehn in Liberia

5 November 2013 (Last Updated November 5th, 2013 18:30)

Exploration and development firm Stratex International has confirmed mineralisation in the Blackies Town area of the North Suehn licence in Liberia.

Exploration and development firm Stratex International has confirmed mineralisation in the Blackies Town area of the North Suehn licence in Liberia.

The company is also planning to commence the second phase of drilling on drill-identified zones of mineralisation in the Dalafin licence area in eastern Senegal.

Stratex International chief executive officer Bob Foster said, "We look forward to updating the market on the results of these exciting developments over the coming months, remembering in particular that the majority of the Dalafin targets comprise gold mineralisation hosted by significant structural zones similar to those hosting many of the multi-million ounce gold deposits already discovered in this part of eastern Senegal and western Mali."

The company said trenching at North Suehn has confirmed a 4.5km gold-in-soil anomaly and the best results of the area feature 6.3m at 1.99g per tonne gold, including a 1.2m space at 8.99g per tonne gold and 0.3m at 33g per tonne of gold.

Stratex noted that relatively low grades reflect intense weathering and leaching but are believed to indicate well-mineralised zones in underlying bedrock.

Infill trenching will start soon to test continuity of mineralisation along strike and the company has identified two further targets for follow up studies during the trenching tests.

The follow-up drilling is due to start in November 2013 on previous positive drill-defined targets at Dalafin, in Senegal.

Stratex International is focussed on the exploration and development of gold and high-value base-metal deposits in Turkey and East and West Africa.

The company has discovered over 2.2 million ounces of gold and 7.9 million ounces of silver.

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