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Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc

('Stratex' or 'the Company')

Thani Stratex Reports Further Encouraging Drill Results

Thani Stratex Resources Limited (“Thani Stratex”), in which the Company holds a 30.4% interest, has recently announced further drill results for its Anbat Project in Egypt.

Highlights

· 227 g/t Au over 1.25 m from 128 m (TDAND-04);

· 4.85 m @ 1.99 g/t Au from 99.15 m (TDAND-04);

· 32.35 m @ 1.48 g/t Au incl. 18.2 m grading 2.25 g/t Au from 100.8 m (TDAND-05); and

· Additional flat-lying gold zones confirmed.

Further Details

Following the announcement of initial results from its Anbat Project in Egypt (Stratex announcement dated 27^th February 2017) Thani Stratex has reported results from four further diamond drill holes.  Holes TDAND-003, -004 and -005 have confirmed the newly-interpreted geometry of a near-surface, flat-lying gold-mineralised zone to the east side of an identified mineralised intrusion, with visible gold observed in holes TDAND-004, 100 m to the west of TDAND-001, and TDAND-005, 50 m south of TDAND-001. The drilling has also identified additional deeper flat-lying zones of mineralisation. Best results include (using 0.1 g/t Au cut-off):

· 10.0 m @ 0.99 g/t Au from 117.5 m and 11.2 m @ 1.02 g/t Au from    144.0 m. (TDAND-03, drilled 100 m to the north-east of TDAND-001);

· 6 m @ 0.59 g/t Au from 75 m, 4.85 m @ 1.99 g/t Au from 99.15 m and 1.25 m @ 227 g/t Au (7.2oz/t) from 128 m (TDAND-04); and

· 32.35 m @ 1.48 g/t Au from 86.65 m incl. 18.2 m @ 2.25 g/t Au from 100.8 m, and 9.6 m @ 0.91 g/t Au from 184.4 m (TDAND-05).

TDAND-06, drilled 100 m due south of TDAND-05, returned 3 deeper zones of mineralisation:

· 8.15 m @ 0.74 g/t Au from 139.5 m;

· 10.9 m @ 1.04 g/t Au from 160.7 m; and

· 20.2 m @ 0.57 g/t Au from 201 m, incl 7.7 m @ 1.15 g/t Au from 213.5 m.

Thani Stratex has drilled one final hole in the current programme, TDAND-07, 300 m northwest of TDAND-05, for which results are awaited.

For further details, the announcement by Thani Stratex can be found at http://www.thanistratex.com/news/

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). Following the publication of this announcement, this inside information is now considered to be in the public domain.

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For further information please visit www.stratexinternational.com, email [email protected], or contact:

Notes to Editors: 

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns a 45% share of the Altıntepe gold mine in Turkey. It also owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal.