Stratex International reveals high gold grades in Djibouti

(HornTrade) – Stratex International (LON:STI) today unveiled what it describes as an impressive gold discovery in Djibouti, East Africa.

The first set of assays from a sampling programme at the Pandora vein on the Oklila licence revealed high gold grades, reaching up to 27.1 grams per tonne (g/t).

“Having just returned from the field in Djibouti, I must say that the Pandora structure is an impressive discovery,” said executive director David Hall.

Oklila is part of Stratex’ Afar portfolio which is being explored alongside Thani Ashanti – a venture between the one of the world’s largest gold miners AngloGold Ashanti and Dubai based Thani Investments.

Sampling continues over the 1,500 metre strike length of the main Pandora structure. And the project is being rapidly advanced to drill testing by the end of the third quarter.

The best assay so far include 15.42 g/t gold over 1.65 metres, including 27.10 g/t over 0.5 metres and 17.6 g/t over 0.65 metres.

Another significant assay had 3.35 g/t over 6.9 metres, including 11.2 g/t over 1 metre.

“The combination of zone width, secondary associated structures and epithermal textures are very exciting and these first channel-chip sampling results clearly show encouraging grades and continuity at surface,” Hall added.

“The presence of chalcedonic silica with abundant calcite shows that we are high in the system similar to Megenta (Stratex’ discovery in Ethiopia which is also in the Afar depression).

“The structure is locally masked by recent basalt cover but clearly extends for some 5 kilometres. With our partner Thani Ashanti, we have already started to investigate onsite logistics, including drill availability, and we anticipate commencing drilling before the end of the year.

“We will also continue to explore for similar systems in the Afar region.”

 

Source:  proactiveinvestors

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