At the Karaağac gold project, located 300 km west-south-west of Ankara, mineralisation is hosted by an outcropping thrust zone and altered limestone. Systematic chip sampling has yielded numerous values in excess of 0.5 g/t gold and high values of 2 m @ 9.71 g/t gold and 1 m @ 6.92 g/t gold along approximately 7 km of the exposed thrust contact. To date, Karaağac has an inferred resource of 156,798 oz Au.
Stratex has commenced the design of a resource-drilling programme on the Karaağaç project and will shortly be submitting an application for a forest permit to allow drilling to proceed. This programme is being funded by Turkish partner Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi under the terms of a joint-venture agreement.