The Konya Project is located in the Erenler Dağı (Erenler Mountains, aka Konya Volcanic Belt), 245 km south of Ankara and 35 km west-south-west of the city of Konya. The Konya Volcanic Belt hosts the Company’s Inlice and DoÄŸanbey projects and Stratex has a total of 31 licences covering an area of 37,480 hectares.
In addition to Inlice and Doğanbey, early-stage exploration within the wider belt has generated a number of new porphyry-style targets - Karacaören, Doğanbey South, Gölcük, and Közlu. Initial RC drilling at Karacaören, Doğanbey South, and Gölcük has confirmed that all three systems are gold-bearing porphyries.The fourth porphyry system at Közlu, 3 km south-east of Karacaören, is yet to be drilled but comprises intrusive breccia carrying porphyry fragments cut by porphyry-type veinlets containing anomalous gold - up to 39 ppb Au, with 129 ppb Au recorded in the altered wallrocks.
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Ongoing evaluation of field data by Stratex geologists has also highlighted a new high-sulphidation zone, Oğlakçı, in the south-central part of the Konya Volcanic Belt. Anomalous gold values (to 45 ppb Au) and associated elements in soils are found within a substantial zone of intense hydrothermal alteration ('lithocap'). This target zone is also underlain by a prominent magnetic-high elliptical anomaly extending 1.5 km east-west that may well relate to a near-surface porphyry system.
Independent Consultant Richard Sillitoe has compared the Miocene-age (4-10 Ma) Konya Belt to the Maricunga district in Chile, which had no known gold mineralization prior to 1980 but as a result of subsequent exploration is now known to host reserves and resources in excess of 40 million oz gold.
Stratex is now reviewing all data with a view to further drilling at Konya
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Regional Geology
The Konya Volcanic Belt is positioned geographically and geologically between the Tauride and Anatolide units, and was erupted in response to the northward subduction of the African Plate beneath Anatolia along the Cyprean Arc from Jurassic to Miocene times (208-5.33 Ma). The belt comprises a sequence of volcanic and intrusive rocks extending over an area of 60 km x 40 km.
Eruption of the Konya volcanics was controlled by extensional faulting along the major arc-parallel Aksehir Fault. Half-graben faulting, observed north-east and south-east of Inlice, is thought to be related to the Aksehir Fault and is the bounding feature to the Konya volcanics. The Ana mineralized zone at Inlice and other property lineaments are sub-parallel to the Aksehir Fault.
The Konya volcanic rocks are mainly andesites and dacites, belonging to the high-K calc-alkaline series. Significantly, the calc-alkaline to high-K calc-alkaline series rocks and many of their chemical and isotopic characteristics are very similar to the young volcanic rocks of the Central Andes that are host to major gold, silver and base metal epithermal deposits.
Exploration
Results from stream sediment geochemistry, soil geochemistry, mapping, and outcrop sampling in combination with Aster imagery and airborne magnetics identified a number of potential targets (Figure.1). The exploration programme has already defined four new porphyry-style targets - Karacaören, Doğanbey South, Gölcük, and Közlu- and high-sulphidation target Oğlakçı. Initial RC drilling at Karacaören, Doğanbey South, and Gölcük has confirmed that all three systems are gold-bearing porphyries (Table. 1).
| Hole | Dip | Depth (m) | From (m) | Width (m) | Au (g/t) |
| DoÄŸanbey South | |||||
| DOSRC-01 | -060° | 155.00 | 134.00 | 155.00 | 0.17 |
| Gölcük | |||||
| GOLRC-01 | -060° | 252.00 | No significant intersection >0.1 | ||
| GOLRC-02 | -060° | 124.00 | No significant intersection >0.1 | ||
| Karacaören | |||||
| KAORC-01 | -060° | 179.00 | No significant intersection >0.1 | ||
| KAORC-02 | -060° | 130.00 | 4.00 4.00 |
34.00 102.00 |
0.17 0.11 |
| KAORC-03 | -060° | 205.00 | 0.00 104.00 |
170.00 66.00 |
0.12 0.18 |
| KAORC-04 | -060° | 221.00 | 82.00 182.00 |
70.00 39.00 |
0.27 0.12 |
The true widths of the intersected mineralization are not known. However, given the generally homogeneous nature of porphyry bodies, the quoted values are likely to be indicative of a substantial mass of mineralized rock.
