Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

Stratex International Plc

('Stratex' or 'the Company')

Goldstone Announces Positive Drilling Results

Stratex is pleased to report that Goldstone Resources Limited ('Goldstone'; AIM: GRL), in which it holds a 33.45% interest, has announcedan update for its drilling programme at the Homase/Akrokerri gold exploration project in Ghana.

Highlights:

· Assays from three diamond drill holes have returned encouraging results, including:- 21.3 metres @ 1.98 g/t from 143.4 metres, including 7.4 metres @ 3.37g/t from 155.2 metres (16HMDD-0001);- 23.3 metres @ 1.39 g/t from 170 metres, including 6 metres @ 4.44g/t from 187.3 metres and 3 metres @ 8.21g/t from 190.3 metres (16HMDD-0002);

· Drilling results have confirmed the continuity of the identified mineralised zone to vertical depths of between 120-180 metres beneath the base of the historic open pit;

· A deeper intersection from drill hole 16HMDD-0003 suggests the potential for parallel orebodies within the major structural corridor;· The latest results underpin the current exploration programme focusing on the upper zones of the Homase mineralised corridor.

The full announcement by Goldstone can be found athttp://www.goldstoneresources.com/investors/news-releases.html.

Stratex's Chief Executive Officer, Marcus Engelbrecht, said: 'The positive results of the current drilling programme at Goldstone continue to support our view that the Homase/Akrokerri project has the potential to deliver a significant increase in defined resources in a recognised gold district in Ghana.'

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR').

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For further information please visitwww.stratexinternational.com, emailinfo@stratexplc.com, or contact:

Stratex International Plc

Tel: +44 (0)20 7830 9650

Marcus Engelbrecht / Claire Bay

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Philip Secrett / Samantha Harrison / Daniel Bush

Hannam & Partners

Tel: +44 (0)20 7907 8500

Neil Passmore/ Andrew Chubb

Notes to Editors:

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns a 45% share of the Altıntepe gold mine in Turkey. It also owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal.

Stratex International plc published this content on 26 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2017 07:07:07 UTC.

Original documenthttp://www.stratexinternational.com/news/goldstone-announces-positive-drilling-results-2017-01-25

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