Stratex International is an exploration and development (E&D) company focusing on gold and other high-value base metals. The company objective is to be a leading-edge and innovative explorer whilst creating revenue from gold and base metal production via well-managed joint-ventures.

Formed in 2004, the company has been positioned to take advantage of the current paucity of exploration activities and the resultant projected shortage in supply of precious and base metals. Since formation Stratex has rapidly amassed a portfolio of high-potential exploration licences in central and western Turkey.

The strategic intent is to maximize shareholder value through the continuing development of this focused portfolio. Revenues will be generated by either developing the defined resource into a mine in collaboration with strategic partner Teck Cominco or selling the resource to a third party.

Stratex has a UK based board of directors, including Chairman, CEO, CFO and two non-executive directors with a head office in London. The Turkish operations are managed from offices in Ankara and include the country manager plus a team of geologists.

The current project portfolio is focused on gold targets in Turkey and covers ten licence blocks totaling approximately 1,073km2:-

Inlice - A new high-sulphidation gold discovery in a previously unexplored area. Current drill results indicate high gold values with a potential for a multi-million ounce mine. Resource drilling commenced at the beginning of 2007.


Doganbey - A new gold target within the Konya volcanic belt. Geology indicates a potentially large porphyry gold-molybdenum target.


Karaagac - A partially exposed gold-bearing zone extending over an area of approximately 3.5km2


Biga Area Three projects including the Dikmen and Ergama licence blocks in which porphyry gold prospects have been identified at surface.


Muratdere - A porphyry copper-molybdenum-gold occurrence that is exposed at the surface.


Hasanlebi Newly discovered high-sulphidation gold system similar to Inlice.
The Companys portfolio was reviewed in August 2006 by the then-Company nomad and broker, Hoodless Brennan to review the full report, please see the broker reports.

Stratex is engaged in an extensive drilling and exploration programme on these prospects. Highlights are as follows:-

Inlice - Early exploration drilling commencing in March 2006 led to reporting of excellent gold intersections and now continues as a combination of resource drilling and further exploration drilling during the Winter and Spring months of early 2007.


Doganbey Confirmed as a porphyry gold deposit. Drilling planned for Q2 2007.


Karaagac A combined programme of core drilling and RC drilling has been completed and the results are being evaluated.


Biga area Results of 2006 exploration currently under review.


Muratdere - Rock and soil sampling and mapping completed in 2006 with very positive results. Geophysical surveys and drilling planned for Q1/Q2 2007.


Hasanlebi Programme of stream sediment sampling, mapping, and outcrop sampling scheduled for Q2 2007.



recent announcement, click HERE

5.30p +0.625p news ............

Stratex International Plc
Joint Venture with Thani Ashanti on Afar Epithermal Project and Private
Placement at Premium

Stratex International Plc ('Stratex' or 'the Company') has signed a binding
Heads of Agreement with Thani Ashanti, an AngloGold Ashanti Limited joint
venture company ('the Agreement'), to fast-track development of the Company's
2,780 sq km land position in the prospective Afar Depression of eastern Ethiopia
and Djibouti. Additionally, the Company has completed a private placement by
Thani Ashanti of US$500,000 into Stratex ('the Placing').

Highlights

� Placement by Thani Ashanti of US$500,000 into Stratex at 30% premium to
20-day moving average share price prior to date of signing the Agreement
� Thani Ashanti can earn 51% of the Afar Project by spending US$3 million on
exploration and development over two years
� First year commitment from Thani Ashanti of US$1 million, which will
include a 3,000 metre drill programme to fast-track exploration of the Megenta
gold discovery, a licence area of the Afar Project
� Thani Ashanti can spend an additional US$4 million on any one licence of
the Afar Project to acquire further 19%
� All Ethiopian and Djibouti assets to come under the ownership of Stratex's
wholly-owned subsidiary company, Stratex East Africa Ltd ('SEA')
� Thani Ashanti to earn 5% stake in SEA further to spending half of its US$1
million first year commitment
� Heads of Agreement subject to all required regulatory approvals including
without limitation, the South African Reserve Bank
Stratex Executive Chairman David Hall said, "We are delighted that Thani Ashanti
is becoming a shareholder in Stratex and, more importantly, a cornerstone
investor in SEA, which will hold the assets in our expanding Ethiopian and
Djibouti portfolio. This deal signals the first major gold mining company moving
into Ethiopia and the Republic of Djibouti and highly endorses the exciting gold
potential of the Afar Depression. Our Megenta hot spring epithermal gold
discovery in eastern Ethiopia is an exciting drill target with excellent surface
gold indications and high grades within multi-phase hydrothermal breccias, which
will be drill tested under this Agreement; the progress of which I look forward
to communicating to our shareholders in the coming months.

"We will, in addition, aggressively explore and evaluate the multiple target
areas that we have now secured under licence in the Afar Depression within both
Ethiopia and Djibouti, ensuring that we realise maximum value for Stratex, its
shareholders and Thani Ashanti."


Detailed Information

Stratex and Thani Ashanti have signed a binding Heads of Agreement with respect
to five licence blocks that comprise the Tendaho Exclusive Exploration Licence
('EEL') in the Afar Depression of Ethiopia and six EEL's in the Republic of
Djibouti (collectively 'the Afar Project').

Under the terms of the Agreement, Thani Ashanti can earn 51% of the Afar Project
by expending a total of US$3 million on exploration and development over two
years. Thani Ashanti is committed to expending US$1 million in the first twelve
months and this will include a 3,000 metre drill programme to test the Megenta
prospect in Ethiopia. Subsequently Thani Ashanti must expend a further US$2
million in the second year to earn 51% in the project.

Thani Ashanti may then earn an additional 19% (for a total of 70%) in any one
EEL by further expenditure of US$4 million within four years on that EEL from
the start of the Agreement.

Thani Ashanti is also investing US$500,000 into Stratex via a private placement
at a 30% premium to the 20-day moving average share price prior to the date of
signing. Stratex will use the proceeds of the Placing to develop Stratex's
Ethiopian and Djibouti portfolio not included in the Afar Project; this wider
portfolio includes the Company's Shehagne, Berahale, and Tigray EEL's in
northern Ethiopia and the Gedemsa EEL in the Central Ethiopian Rift.

SEA, presently owned 100% by Stratex, will hold all Stratex's Ethiopian and
Djibouti assets, including the Afar Project, Shehagne, and Berahale, the Tigray
and Gedemsa EEL's and any new Stratex projects started in that region. Thani
Ashanti will acquire a 5% of SEA (and thereby 5% of all Stratex's current East
African interests) once it has expended 50% of its first year commitment of US$1
million.

The Heads of Agreement is subject to the satisfaction of certain conditions
precedent including the approval of the Reserve Bank of South Africa, relevant
bodies under the AIM Rules for Companies governing companies quoted on the AIM
market of the London Stock Exchange and all relevant government and regulatory
agencies, including without limitation in each of Ethiopia and Djibouti as
required.

Megenta Project

Stratex has undertaken detailed geological and structural mapping, along with
channel-chip rock sampling at its wholly-owned Megenta hot-spring gold discovery
in the Afar Depression region of Ethiopia. Megenta is currently the most
advanced exploration target within the Afar Project. Sampling completed to date
has focused on silica structures, specifically on zones containing chalcedonic
ribs and veinlets, which potentially indicate the tops of epithermal gold veins
that have significant vertical extensions at depth. The 'Hyena Zone' yielded a
highest surface value of 16.75 g/t Au (with 8.8 g/t Ag) from a prominent 0.5
m-wide silica rib. The Hyena Zone appears to be related to intersecting
structures defining an area of maximum dilation, and hence fluid circulation,
which is a common gold focus within epithermal systems.

The 500 m long 'Gazelle Zone', is located 500 m to the north-east of the Hyena
Zone and also contains significant values including 2.46 m grading 2.29 g/t Au.

Overall chalcedonic ribs are developed over some six square kilometres providing
multiple targets for gold mineralisation.

Many similarities exist between the Midas, Hycroft and Wind Mountain mines of
the Great Basin in Nevada and the mineralisation being identified by Stratex in
the Afar Depression and the East African Rift Valley further to the south.
Common to all project areas is the strong structural control, proximity to
hot-spring activity, and a typical geochemical association of gold with arsenic,
mercury and antimony. Furthermore, fluid boiling textures associated with white
banded chalcedony, akin to those of Midas, have been observed at Megenta. These
are key indicators of potential high-grade gold and silver precipitation.

The low-sulphidation deposits of Nevada are reasonably distinct but share many
common attributes to the Megenta discovery in the Afar Depression. The key point
of the Nevada deposits is their tendency to cluster along key controlling
structures. With a greater level of understanding of the Megenta structural
framework it is highly probable that already-identified alteration and
hot-spring occurrences associated with the Megenta faults may lead to further
discoveries throughout the Afar Depression and the East African Rift Valley.

Thani Ashanti

Thani Ashanti is a Strategic Alliance between AngloGold Ashanti Limited and
Thani Investments LLC, a privately-held company based in Dubai, United Arab
Emirates. The Alliance is targeting the Middle East and North Africa region and
is active in Egypt and Eritrea

new article, click HERE

Further rise this morning, as some large trades at middle price now are being reported
so a good volume aswell 2.5M so far
spread 6.25 / 6.35p

Level 2 is 2 v 2

Had a retracement of 38.2% and today is bouncing back with volume

STI tipped on www.watshot.com, below some of it ......

Valuing the company solely on the basis of the firms Turkish assets, we see that the shares already look cheap despite the fact that it has joint venture agreements in place to develop much of its acreage and will take its projects forward at minimal financial expense to Stratex.
The current valuation is supported by a decent resource base, and Stratex also has net cash of 2.2 million. I expect interest in the shares to pick up in the coming months as we receive updates on the progress of the feasibility study at Inlice and the pre-feasibility study at Altintepe.
News of the proposed drill targets in Ethiopia and Djibouti should also keep investors on their toes, especially given that the current valuation fails to attach any value to these interests.
Speculative buy, at 4.5p.

A superb share.

On the up after small retracement, has been doing that for some time.
and continuing with the uptrend
Very good level 2 of 5 v 1.

The directors of Stratex International (AIM: STI), Simba Energy (TSX-V: SMB), Gold One International (ASX: GDO) and Nostra Terra Oil & Gas (AIM: NTOG) will be presenting:

** Wednesday the 8th June 2011 **

VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

REGISTER YOUR ATTENDANCE HERE: http://www.proactiveinvestors.co.uk/register/event_details/112

Found this audio interview with Bob Foster, Chief Executive Officer of Stratex International.

Really interesting interview, its well worth a click:

http://www.brrmedia.co.uk/event/99541/bob-foster-chief-executive-officer

Came across this interview

Click here

Listen to Startex International - Turkey update

Audio interview

Stratex International - To earn back to majority stake at Megenta - drilling commenced

http://www.brrmedia.co.uk/event/116768/christopher-hall-non-executive-chairman

LISTEN: Stratex International (STI) - Strategic investment in Tembo Gold corporation Startex

Click Here

LISTEN: Stratex International (STI) - West Africa exploration update

Click here

LISTEN: Stratex International (STI) - Positive drilling results from Dalafin project

http://www.brrmedia.co.uk/event/119477/?popup=true

Very positive drill news today but the SP barely flickers...?

LISTEN: Dr. Bob Foster, CEO of Stratex International, discusses the Megenta drilling results

Click here to listen

WATCH: Dr Bob Foster, CEO of Stratex, provides an update at the Indaba conference in Cape Town

Click here to watch

LISTEN: Dr Bob Foster, CEO of Stratex International, discusses the expansion of the company's Liberia portfolio

Click here to listen

LISTEN: Stratex International (STI) - Final results

Click here