Tembo Resumes Drilling On the Tembo Gold Project - Seite 2

Commenting on the recommencement of drilling Stratex (AIM:STI) CEO Bob Foster said, "Stratex is very pleased to see drilling recommencing so quickly following our investment in Tembo. Tembo has built on extensive historic work and artisanal activity with encouraging results from over 35,000 metres of drilling on half a dozen targets, however, it has yet to report a resource. We see Tembo as a "tipping point" opportunity, where tightly focused exploration, primarily drilling, will hopefully take us to that next level."

The Ngula 1 Target

The Ngula 1 target consists of a 600m long, 150-200m wide corridor of massive and locally intensely sheared mafic meta-volcanic rocks and thin intercalated meta-sedimentary units. This package contains numerous intensely deformed, veined and altered shear structures that typically have elevated gold values. A single section through the package may host as many as 5-10 such structures ranging in width from less than one metre to several tens of metres and dipping steeply to the north. Zones of intersection and convergence of the structures are considered to be the favoured location for wider zones of mineralization and higher grades. Gold mineralization is closely associated with quartz veining, alteration and disseminated sulphides, which comprise mostly pyrrhotite with lesser pyrite and chalcopyrite. The stronger and more sulphide rich structures (pyrrhotite) are interpreted to correspond closely to lineaments that are evident in the structural interpretation of magnetic imagery.

Drill Program at Ngula 1

The initial Tembo (Phase 1) drill program at Ngula 1 consisted of alternating 100m-spaced diamond and reverse circulation drill hole sections drilled from the south targeting the zones at vertical depths of approximately -50m, -100m, -150 and -200m, and 100m-spaced diamond hole drill sections drilled from the north to similar depths. Recent deeper drilling (TDD0041) intersected a wide zone of high-grade gold mineralization at a vertical depth of approximately 250m - 15.00 m @ 22.81 g/t Au. Comparison with the nearby Bulyanhulu Mine suggests that deeper drilling may return more consistent and laterally extensive good results such as achieved in TDD0041. Consequently the initial objective is to deepen TDD0041, which was terminated prematurely as a result of the 2012 end-of-year-break). Thereafter, TDD0043 (E:436750, S:9647495) will then be collared to test the down-plunge continuation of the mineralization intersected in TDD0041.