Stratex International is an exploration and development company focusing on gold and high-value base metals. Together with Turkish partner NTF it is progressing the Inlice and Altintepe oxide gold resources with a view to mid-term production. Stratex is also exploring and drilling its latest oxide-gold discoveries - Oksut financed by option/JV partner Centerra Gold, and Hasancelebi financed by Teck Resources. With a strong cash position, Stratex is considering a range of other options both within and outside Turkey. As part of this initiative, the Company has recently announced its expansion into Ethiopia, a country that it believes has considerable potential for the discovery of gold and base metal deposits.