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Released 07:00 11-November-2016
Number 9544O

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


Stratex International Plc

('Stratex' or 'the Company')

Goldstone Ghana Exploration Update


Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metals in West Africa and Turkey, where it holds a significant interest in a producing gold mine, is pleased to report that Goldstone Resources Limited (“Goldstone”; AIM: GRL), in which it holds a 33.45% interest, has today announced an exploration update for its Homase/Akrokerri project in Ghana.

Goldstone's exploration update details results of a recent drilling programme comprising 3,000 metres of auger and some 1,500 metres of Reverse Circulation (“RC”) drilling of the AK02 prospect, located immediately south-west and along-strike of the Homase/Akrokerri deposit and within the Akrokerri licence.


Highlights of Goldstone's drilling programme results

· RC drilling of a 750 metre-long gold-enriched saprolite zone identified within the AK02 prospect by the 2015 auger drilling programme confirmed mineralisation at depth and returned significant intersections of 14 metres @ 1.18 g/t gold (“Au”) and 8 metres @ 1.88 g/t Au;

·  A 120 hole infill auger programme defined a new 1,250 metre x 350 metre zone of gold enrichment in saprolite located approximately 100-200 metres east of the 2015 auger anomaly;

·  Geological interpretation of the 2016 auger and RC drilling indicates that the complex structural zone between Homase and AngloGold Ashanti’s Obuasi Mine is prospective and that the south-western extension of the main Homase mineralised zone has been offset 200 metres eastward by faulting;

·   RC drilling of the southern part of the previously identified Homase-Akrokerri resource zone confirmed continuity of the zone but with limited potential for identifying additional oxide resource;

·   Diamond drilling, targeting vertical depths of 200-300 metres, commenced to evaluate high-grade ore shoots beneath the known Homase oxide resource.


The full text of the announcement by Goldstone can be found at


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”).


* * ENDS * *


For further information please visit, email [email protected], or contact:


Stratex International Plc

Tel: +44 (0)20 7830 9650

Marcus Engelbrecht / Christopher Hall / Claire Bay


Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Philip Secrett / Samantha Harrison / Daniel Bush


Hannam & Partners

Tel: +44 (0)20 7907 8500

Neil Passmore/ Andrew Chubb




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 30% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal.  With its experienced management team, the Company is well-placed to advance its existing exploration programmes and is actively seeking to acquire near or at production assets and advanced exploration projects.



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