Stratex International Uncovers Significant Gold Mineralisation at Tanzania Project

London-based Stratex International has confirmed positive drilling results at part of its Tembo Gold Project in the north-west of Tanzania.

The 100 square kilometre site lies within the highly prospective Lake Victoria Goldfield, and is being explored and developed by the Tembo Gold Corporation, of which Stratex owns 12.89 percent and Chief Executive Officer Dr Bob Foster is a director.

Thirteen diamond drill holes totalling 3,179 metres have been completed in the 2014 programme with promising gold mineralisation found across the Nyakagwe East target of the Tembo area.

Foster said: "These latest drill results from the Nyakagwe East area are very encouraging and in many ways typify the drilling returns that have been reported during this programme and earlier programmes whereby it is relatively rare that a drillhole does not intersect one or more zones exhibiting moderate to high gold grades.

“Although the structural and lithological parameters controlling the distribution of the mineralisation are quite complex, the results continue to support our shared contention that the Tembo tenement package has considerable potential for the discovery of one or more significant gold deposits."

Focused on the exploration and development of gold and high-value base-metal deposits, AIM-quoted Stratex International is active in Turkey, East and West Africa and, in the eight years since listing, has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver.

For a breakdown of the drilling results please visit Stratex International.