Hello Everybody,
After releasing the assay results from South Gurthi No. 2 yesterday, we had a number of telephone calls from investors regarding the excellent gold assays. It goes to show what a great gold market we are in when it seems like 99 percent of the calls are about the gold content even though we had very high copper numbers also. The common question that we are getting is, "if this is a large historic mining district, why did nobody talk about the gold and silver potential in the past?".
The answer is that silver was never assayed for in state run exploration programs and gold values were guarded as a state secret. This was the most isolated country in the world for 40 years. For those of you new to the gold component of this story, I have outlined a few gold rich holes from three different areas of the District. These are select examples and I have pulled out the base metal numbers and only noted the precious metals. With the current atmosphere so bullish for gold, I suggest that all shareholders take a careful look through the past News Releases to see just how significant the gold component of this story is.
While we are very pleased with the continued success at Mirdita in terms of base metal results, we are esctatic with the fact that we have put Albania on the map in terms of a wonderful place to be exploring for major gold-rich deposits. Koshaj, Gurthi South No. 2 and Letitna noted below will all be subject to further expansion and definition drilling in 2009.
Select results (again, please read News Releases on the website for full details):
Koshaj
- 65m of 2.7 g/t gold and 48.4 g/t silver including 3.7m of 8.3 g/t gold and 118.6 g/t silver including 0.8m of 29.5 g/t gold and 369.6 g/t silver including 14.1m of 5.5 g/t gold and 141.6 g/t silver including 3.1m of 14.6 g/t gold
- 60.4m of 1.6 g/t gold and 17.7 g/t silver including 3.7m of 8.6 g/t gold and 172 g/t silver including 15.9m of 2.0 g/t gold
- 12.9m of 1.7 g/t gold including 2.5m of 5.4 g/t gold
- 16m of 1.7 g/t gold including 1m of 5.1 g/t gold
- 35.9m of 1.0 g/t gold including 2.9m of 4.1 g/t gold including 0.6m of 18g/t gold including 13m of 1.2 g/t gold
- 18.9m of 1.1 g/t gold
South Gurthi No. 2
- 10.6m of 2.9 g/t gold including 1.1m of 7.4 g/t gold
- 7.1m of 3.4 g/t gold including 4.7m of 3.9 g/t gold
- 16.6m of 1.9 g/t gold including 4.7m of 3.7 g/t gold including 1.8m of 5.9 g/t gold
- 3m of 1.7 g/t gold
Letitna
- 61.5m of 0.7 g/t gold including 8.2m of 1.9 g/t gold including 1.9m of 6.0 g/t gold including 11.2m of 1.1 g/t gold including 1.6m of 3.1 g/t gold
Shebe North
I look forward to continuing to keep you updated as news flow from our intense, aggressive and focussed exploration program at Mirdita.
Regards,
Bryan Slusarchuk
CEO
www.tirexresources.com
<
|
Tirex Resources Ltd.
|
|
PRODUCER |
CODE : TXX.V |
ISIN : CA88823P1045 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Tirex is a gold exploration company based in Canada. Tirex produces gold, copper and zinc in Albania. Its main asset in production is MIRDITA in Albania. Tirex is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 7.5 millions as of today (US$ 6.0 millions, € 4.9 millions). Its stock quote reached its highest recent level on March 07, 2008 at CA$ 4.17, and its lowest recent point on December 15, 2017 at CA$ 0.02. Tirex has 114 640 000 shares outstanding. |