Thani Stratex Resources
Thani Stratex Resources confirms gold potential at its Pandora epithermal gold prospect in Djibouti following a maiden drilling programme.

Djibouti – Private gold exploration and development company Thani Stratex Resources, in which Aim-listed Stratex International holds a 30.1% interest, completed a 15-hole scout diamond drilling programme in May.

The 2 159 m diamond drilling programme focused on the Pandora South and Pandora Central zones, covering a total strike length of 1.2 km, which form part of a 10 km mapped system of epithermal veins, first discovered by Stratex in February 2013.

The aim of the drilling programme was to define the width and grade of the gold mineralisation and to confirm its depth continuity.

Holes OK-D-01 to OK-D-06 tested the Pandora South zone with OK-D-07 testing beneath a wadi that cuts the outcropping vein. OK-D-08 to 15 tested the Pandora Central zone.

The best results were yielded from paired holes OK-D-10 and OK-D-11, and OK-D-12 and OK-D-13 that were drilled 200 m apart and included 1.36 m grading at 10.55 g/t gold and 6.87 m grading at 4.45 g/t gold.

These holes have confirmed continuity of surface mineralisation to a vertical depth of approximately 150 m below surface, with the intersections in holes OK-D- 10 and OK-D-11, and OK-D-12 and OK-D-13 correlating with surface values of 1.30 m grading at 6.40 g/t gold and 1.90 m grading at 20 g/t gold, respectively.

True widths are estimated to be between 42% and 71% of the reported (downhole) intersection length.

“The initial drilling results reported for Pandora are exciting and confirm our confidence in the prospectivity of this project. Identifying these high grade intercepts during a maiden drilling programme is exceptional,” says Stratex International CEO Marcus Engelbrecht.