Stratex announced uncovering a potential major epithermal vein system within it Blackrock Project in Ethiopia. The company
has observed significantly encouraging geology, texture and extent of gold mineralization with the Black Water Zone noted David Hall, Director of Stratex.
The 33-hole program, launched by the international company has uncovered narrow, high grade mineralization which includes 15.97 grams per ton over a quarter of a meter, and 4.93 grams from a 900 millimeter section he added.
There were also noted several thick intersections of low-grade material of up to 13 meters in width according to Hall.
The gold mineralization portrays a good potential for continuity along the strike and to depth where it remains open according to Stratex. Drilling to date has been able to test only around 100 meters of vertical depth below the surface.The company intends to review the gold and multi-element results and to prepare a further more detailed sampling of the extensive known veins before launching further drilling activities in the first quarter of the next year it said.
The Black Water prospect still has notable untested potentials with just 5000 meters drilled so far.
“Drilling in the Baker Zone, for example, intersected silica sinter material, which confirms previous data that the Black Water Zone, or at least part of it, is located at the top of the epithermal system.
“This indicates that deeper drilling is probably required to locate the high-grade mineralisation, and the presence of high gold contents in some breccia zones also strongly suggests that the gold-enriched material was sourced at depth” Said Hall.
Stratex is also preparing to commence exploration on multiple vein systems in the Magdala, Calcite and Airstrip zones near to the original site.
Source: proactiveinvestors
