News blog

Stratex International

  • BY: Andrew Hore |
  • POSTED: 04/05/2010 |

Gold miner Stratex International’s joint venture partner Teck Resources has started drilling at the Hasançelebi gold project in central Turkey.

Stratex says 1,300m of drilling is planned. Further drill zones will be chosen for the second half of this year.

Teck has the option to finance $2m of exploration in return for a 51% stake. This covers 2,000m of drilling.

There have been encouraging results from exploration on the Megenta gold discovery in the Afar region in eastern Ethiopia and Stratex has added to its licence area.

At 3.95p a share, Stratex is valued at £11.3m.

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