Stratex International plc announces a positive update on its 3,853 sq km Afar Project that comprises five Exclusive Exploration Licences in the Afar region of Ethiopia and six EELs in the Republic of Djibouti.

Highlights

• New epithermal gold mineralisation discovered within the Tendaho EEL in Ethiopia – quartz float (surficial material) in Akehil prospect assayed 14.0 g/t gold („Au‟)
• Two altered rhyolite domes discovered at Asal EEL in Djibouti, Hercules I and Hercules II, assayed up to 3.08 g/t Au and 1.67 g/t Au respectively
• Quartz vein float north-west of Asal rhyolite domes returned 29.0 g/t Au
• Asal EEL to be extended – additional ground under application
• New target identified within Dimoli Khan EEL in Djibouti - chalcedonic veins up to 2.36 g/t Au 

David Hall, Executive Director, commented, “To date, Stratex has made five early-stage epithermal gold discoveries in the Afar region, which highlights the potential prospectivity of the area as an emerging epithermal gold province. The most recent gold discovery, the Akehil target within the Tendaho EEL, has a zone of sinter with quartz vein float and is some 9 km south-west of our original Megenta hot spring discovery. When sampled this float material returned 14.0 g/t Au, which is highly encouraging and illustrates the potential for high-grade veins to be discovered in situ. Follow-up work will be undertaken on the Akehil prospect alongside the 3,000 m drilling programme at Megenta, which is due to start soon.

“In addition, new results from our Asal EEL and a new discovery in the Dimoli Khan EEL, both in Djibouti, identify these as additional priority epithermal targets for detailed exploration. These new zones of gold mineralisation, together with the major Blackrock discovery, emphasise the provincial scale of the epithermal mineralisation discovered by Stratex in the Afar.”

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