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Stratex expands in Turkey

TIP UPDATE: Stratex secures a new Turkish licence over a recent gold discovery
March 31, 2008
by LiM

Stratex has acquired a key licence over a recent gold discovery in Turkey. Sampling in the area has identified a wide zone of newly-discovered mineralisation. This licence adds 76 sq km to the company's exploration and development land package in central Turkey.

IC TIP: Buy at 7.7p

Preliminary mapping and sampling yielded rock samples assaying up to 1.6g/tonne of gold. Systematic sampling is now underway with a view to fast-tracking an extensive exploration drilling programme.