Hello Everybody,
I am currently in Albania. As you know, Tirex Resources is making quite exceptional progress both corporately and on the ground as you can likely tell by our recently announced strong new financial backer and our excellent new high-grade assay results from South Gurthi. More assays are pending and I look forward to updating you when those arrive from the lab.
The reason for today's email is that I want to pass along congratulations to our technical team at Mirdita. As you may know, mineral exploration and mining activity in Albania is heating up (The Economist just reported that "Albanian mineral exports continue to boom. Mineral exports, together with fuel and electricity, continued their recent surge in the second quarter, increasing by 87% year on year, to Lk6.5bn. This made minerals the third-largest category of exports."). Mineral exploration and mining in Albania is growing by the day and there are multiple companies now working in the country.
That being said, it is all the more gratifying to note that Tirex was just named as "The Best Mineral Exploration Company in Albania for 2008" by the Foreign Investors Association of Albania.
As we are solidly financed, have a large historical mining DISTRICT that has been unexplored by large-scale modern exploration, and have a world-class team of exploration professionals on the ground working around the clock every day of the week, this award may not come as a surprise to some of you. However, it is a real privilege to have received this honour and it is directly as a result of the technical team working hard here in Albania.
It hasn't been fun for any of us to feel the impact of the big slide in world equity markets, but we continue to rapidly advance what we believe is a potentially world class VMS District and in these tough times, it is gratifying that our guys in the field have received this award. This recognizes the work they are doing and the excellent results they have generated at Mirdita from day one.
Our team in Albania, led by Project Manager John Nicholson, Co-Project Manager Brian Game and the Head of the Albanian Advisory Team, Dr. Perparim Alikaj, deserve kudos and it is wonderful that they have been awarded for their achievement.
The markets may change every day, but what is in the ground on our property won't change during our lifetime, and that gives me all the confidence in the world that we are all positioning ourselves for a potentially massive win in Albania.
Regards,
Bryan Slusarchuk
CEO
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