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October 29, 2009
Tirex
Provides Drilling Update
� Drilling continues at Letitna
with large step outs
� Letitna remains open for expansion in
every direction (north, east, south, west)
� Second drill continues on East Slope Trend
with new discovery focus
Vancouver, BC - Tirex Resources (TSX-V:TXX) ("Tirex") is pleased to provide an update on
drilling at Letitna. The company is currently
awaiting assays for multiple holes drilled along 255m of strike length
on the Letitna Zone. Letitna
is open for expansion in all directions and several assays reported to
date have included wide intersections of copper, zinc, gold and silver
mineralization including 46m (151 ft) of 0.70% Cu, 2.68% Zn, 20.8 g/t
Ag and 1.6 g/t Au including 11.1m of 2.18% Cu, 3.80% Zn, 38.0 g/t Ag
and 4.0 g/t Au including 2.0m of 2.54% Cu, 6.74% Zn, 18.3 g/t Ag and
14.1 g/t Au (see Tirex news release dated
July 13, 2009 for details).
Currently the drill is finishing one more hole
near the north of the current drill grid at Letitna
and then will be moving north, to drill a 150m step out along strike
to the north. Drilling at Letitna is
targeting large tonnage potential in the area.
In addition to drilling at Letitna,
a second drill has started drilling on the East Slope Trend. This is a
new area first identified when Tirex flew
Albania's first ever airborne geophysical survey. Subsequently field
crews conducted intense groundwork in the area including geochemistry,
detailed mapping and ground geophysics to define drill targets. Drilling
on the East Slope is focused on the new discovery potential of the
area.
Bryan Slusarchuk,
CEO, states, "Deciding to drill a 150m step out hole at Letitna is indicative of our technical team's
belief that Letitna has the potential to host
significant size. Drilling to date, on a tighter grid pattern to build
mineral resources, has demonstrated good continuity and the zone
remains open in every direction."
Tirex is a company purpose-built to explore and
develop the large 553 square kilometer Mirdita District 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 17 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.,
a Qualified Person under the meaning of Canadian National Instrument
43-101 and Mirdita Project Manager, 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 THE COMPANY
Bryan Slusarchuk,
CEO and Director
For more information, please contact
Tirex Resources Ltd.
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
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