Stratex's Hall excited about Blackrock;
says Afar region has world class potential
April. 13 2011
Stratex International (LON:STI) director David Hall has described the discovery of significant new epithermal gold mineralisation at the company’s Blackrock exploration licence in Ethiopia as “truly exciting”.
In fact the mining veteran, a former exploration manager for AngloGold Ashanti, says the wider Afar area in which Blackrock is located has the potential to be a world class gold district.
Work on the 299 square kilometre target in the east of country has defined four zones over a distance of 15.9 kilometres, while there’s a total of 14 kilometres of outcropping veins.
Rock chip samples from these veins have yielded gold grades of 2.17 grams per tonne, 2.66 grams and 4.09 grams. Meanwhile, altered conglomerate samples returned a peak grade of 4.28 grams of gold.
Detailed sampling is now underway to define targets for the first drilling campaign later this year.
David Hall, the director responsible for East Africa, said: "The definition of an extensive outcropping epithermal system is truly exciting and highlights the potential of the Blackrock for both bulk tonnage material at surface and bonanza grade veins at depth.
“Based on my past experience, as exploration manager for AngloGold Ashanti in South America, and the results of the early-stage exploration work that we have conducted in the Afar region, I believe the Afar has the potential to be as significant as the world-class Santa Cruz epithermal gold district in Argentina, which is host to the Cerro Vanguardia mine.
“The textures of the veins show the full range typical of such a low-sulphidation epithermal gold system, from colloform and crustiform banding and ginguro (sulphide-rich) bands, to silicified multi-phase breccias and silicified wall rocks.