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September 10th, 2008
Tirex Commences Drilling of New and Previously
Unexplored Old Man Mountain Anomaly at Mirdita
Vancouver,
BC- Tirex Resources Ltd. ("Tirex") (TXX:TSXv)
is pleased to announce
that drilling has commenced on the Old Man Mountain Anomaly which is a
high priority coincident geophysical and geological drill target. The
Old Man Mountain Anomaly has never been drilled during any previous
exploration programs and is a target that Tirex identified using modern
exploration methods and interpretation.
The Old Man Mountain Anomaly is a coincident AeroTEM, UTEM and Induced
Polarization anomaly that has similar geophysical features and occurs
in the same geological setting as the nearby Koshaj Deposit where
earlier this year Tirex drilling intersected wide zones of high grade
mineralization (See Tirex news releases dated March 3, 2008 and May 1,
2008).
Tirex has three drills now turning at Mirdita. The current areas of
drilling are: Gurthi Central, where Tirex is testing the downdip
extension of the Gurthi Central Deposit No. 1 which was a significant
historic copper-gold producer; Gurthi South which is a large area with
historically reported mineralization, and at the previously undrilled
Old Man Mountain Anomaly.
Bryan Slusarchuk, CEO, states, "The Old Man Mountain Anomaly has
our exploration team at Mirdita excited. It is a target that was never
subject to any previous drilling because it was hidden under cover rock
and was only identified as a prospective Noranda-type VMS target after
Tirex began the first ever large scale modern exploration of this
District. Generating these types of highly prospective targets is
indicative of the progress we are making at Mirdita by utilizing modern
exploration techniques and interpretations. We look forward to keeping
investors posted as the testing of this highly prospective anomaly
progresses."
The Old Man Mountain area of the property is host to a felsic-dominated
volcanic sequence that draws a compelling direct geological comparison
to the Gurthi-Koshaj-Mushte corridor that hosts numerous volcanogenic
massive sulphide ("VMS") deposits in the District. After the
anomaly was initially identified by the airborne geophysical survey,
Tirex completed UTEM and Induced Polarization ground geophysics
followed by detailed geological mapping of the area to define the
initial drill targets. The initial drill holes planned at Old Man
Mountain are relatively shallow holes through a melange cover rock
unit. The drilling is being conducted with a highly portable and
environmentally friendly Canadian drill.
Tirex is a company purpose-built to explore and develop the large 344
square kilometer Mirdita Property in Albania. The nature of the VMS
mineralization in this District provides Tirex investors with exposure
to a high grade basket of metals: Copper, Zinc, Gold and Silver. The
property is readily accessible by paved and gravel roads and is located
70 km north of the capital city of Tirana. The property covers the core
of the historically productive Mirdita VMS base metal district. It
represents an opportunity to explore Copper, Zinc, Gold and Silver
zones that were previously partially mined, explored or evaluated at
lower metal prices, and provides an opportunity to apply modern
exploration techniques toward the discovery of new VMS deposits and
extensions of known zones. In addition to the historical deposits
identified by previous state-run exploration, Tirex has identified
numerous high priority exploration targets resulting from the 2007
airborne geophysical survey, ongoing ground geophysics, geological
mapping and other field work. The Mirdita exploration project is
managed by an experienced team of Canadian geologists and other
professionals, and several senior Albanian geologists, geophysicists
and surveyors.
George Gorzynski, P.Eng., director and Qualified Person under the
meaning of Canadian National Instrument 43-101, is responsible for the
technical content of this news release.
Further details on the company and the Mirdita Project can be found on
the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan Slusarchuk, CEO and Director
For a Detailed Quote on Tirex Resources (TXX:TSXv) - Click Here
For more information, please contact
Bryan Slusarchuk, CEO and Director
(604) 687-7160 or Toll Free: 1-877-687-7160
(604) 687-7165 (FAX)
info@tirexresources.com
www.tirexresources.com
The
TSV Venture Exchange does not accept responsibility for the adequacy or
accuracy of this news release.
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