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Stratex International
- BY: Andrew Hore |
- POSTED: 14/02/2013 |
Stratex International expects to start drilling on its Oklila prospect in Djibouti in the second quarter of 2013 and a new discovery has been made at the Tendaho prospect in Ethiopia.
Okila is part of the Afar joint venture with Thani Ashanti and it has been discovered that the Thyia Zone links the Pyrrha vein to the Pandora vein 250 metres to the south west.The Pyrrha vein extends for 1,540 metres and is generally les than 1 metre thick.
The new discovery at Tendaho is in the lakeside zone 15km south of Megenta.
At 5.12p a share, Stratex is valued at £24m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFFebruary2013_41.pdf
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