Stratex shifts focus to new Senegal prospect
JOHANNESBURG (miningweekly.com) – Drilling at Aim-listed Stratex Resources’ Faré South prospect – which forms part of the company’s 85%-owned 472.5 km2 Dalafin gold licence in Senegal – at the end of last year, did not provide a sound basis for undertaking a resource estimation, the company revealed on Monday.
The company would now focus its near-term efforts on the Madina Bafé prospect.
Stratex CEO Bob Foster said the Dalafin licence area, which held five key prospects, including Faré, Konkonou, Baytilaye, Saroudia and Madina Bafé, remained “very prospective” and that the company was prioritising further fieldwork at Madina Bafé, as drilling had returned “very good intersections”.
“We are also undertaking a detailed evaluation of the other key prospects previously identified by a coincidence of regolith geochemistry and structural features,” he added.
Further, Foster noted that, although the latest drilling phase at Faré South confirmed that the mineralisation was broadly related to a well-developed north-east-trending structural corridor as originally interpreted, there was little evidence for the continuation of mineralisation to the south-west of the prospect.
“[However], we have identified moderately developed mineralisation that continues to the north-east, albeit insufficient at this stage to justify further drilling of the ground between Faré South and Faré North. Interestingly, however, the drilling has indicated the likely importance of a breccia zone and this warrants further investigation, which will be considered after a detailed review of the data,” he added.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.
VISIT SHOWROOM
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
