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Stratex steps up the pace

By Robert Tyerman | Thursday 8 May 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-quoted Stratex International (STI) may be trading at only two-thirds of its 5p stock market float price of eight years ago, but the company sounds undeterred as it prepares for key developments at gold and base metal projects in Africa and Turkey. With backers including major mining groups AngloGold Ashanti and Teck Resources, Stratex says it is looking out for new deals and awaiting imminent drilling results from its 75 per cent-owned Dalafin gold project in the West African state of Senegal. Preliminary work showed grades ranging from a low 1.51 grams of gold per tonne of ore to 10.47 grams a tonne.



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