Stratex International is an exploration and development company focusing on gold and high-value base metals in Turkey and Ethiopia. With Turkish partner NTF it is progressing the Inlice and Altıntepe oxide gold resources towards mid-term production. Stratex is also exploring and drilling its latest oxide-gold discoveries - Öksüt financed by option/JV partner Centerra Gold, and Hasançelebi financed by Teck Resources. A further JV with Sheba Exploration has seen the Company's expansion into Ethiopia, a country that it believes has considerable potential for the discovery of gold and base metal deposits. Independent exploration there has already identified Megenta, a significant low-sulphidation gold target lying within an emerging epithermal district in the Afar Rift Valley.