- Thickest
intercept and highest grades of copper mineralization drilled to date
in zone
- Multiple
additional holes in zone have intersected mineralization, assays
pending
- Zone is open for
expansion
Tirex Resources Ltd. ("Tirex�) is pleased to announce
drill results from the Gurthi South No. 2
Zone on the company's Mirdita VMS Project in
Albania. Drill hole MR10-65 intersected a thick, high grade zone of 19.3m (63.3 ft)
grading 3.66%
Copper, 1.13% Zinc, 8g/t Silver, and 1.2g/t Gold including 6.7m (22.0 ft)
grading 7..38% Cu,
1.77% Zn, 13g/t Ag and 1.6g/t Au and including 1.0m (3.3ft) grading
12.30% Cu, 1.75% Zn,
23 g/t Ag and 2.1g/t Au. These intervals are close to true
width.
MR10-65 is a step out from previous drilling on
this zone and is the first hole drilled in Tirex's
recently commenced phase of drilling at Gurthi
South No. 2.
Summary of assay results from recent drilling at Gurthi South No. 2:
|
GURTHI SOUTH No. 2 ZONE DRILL RESULTS
|
|
FROM
|
TO
|
INTERSECTION
|
COPPER
|
ZINC
|
SILVER
|
GOLD
|
|
(m)
|
(m)
|
(m)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
|
|
|
|
|
|
|
|
|
DRILL HOLE MR10-65
|
|
101.5
|
120.8
|
19.3
|
3.66
|
1.13
|
8.3
|
1.2
|
|
including
|
|
|
|
|
|
|
|
103.0
|
104.1
|
1.1
|
4.57
|
0.18
|
3.0
|
2.8
|
|
and
|
|
|
|
|
|
|
|
106.0
|
108.0
|
2.0
|
4.78
|
0.37
|
4.5
|
1.0
|
|
and
|
|
|
|
|
|
|
|
110.6
|
117.3
|
6.7
|
7.38
|
1.77
|
13.3
|
1.6
|
|
including
|
|
|
|
|
|
|
|
110.6
|
113.6
|
3.0
|
9.56
|
2.17
|
18.0
|
2.4
|
|
including
|
|
|
|
|
|
|
|
112.6
|
113.6
|
1.0
|
12.30
|
1.75
|
23.0
|
2.1
|
Drill hole MR10-65 is a step out intersection 25m
east of the intersection in drill hole MR08-25 which assayed 5.9% Copper, 3.4g/t Gold and
37.5g/t Silver across 7.10m (23.3 ft) including 7.0% Copper, 3.9g/t Gold and
40.8g/t Silver across 4.70m (15.4 ft) (see Tirex news release dated January 11, 2010). The zone remains open for
expansion. An updated map of the Gurthi
South No. 2 drilling to date will be posted on the company website at www.TirexResources.com .
Borehole electromagnetic (BHEM) probing of drill
holes in the Gurthi South area has been shown to
be an effective exploration tool and additional holes in the area will use
BHEM to vector in on mineralization. BHEM surveying of drill hole MR10-65
indicated an electromagnetic ("EM�) anomaly continuing to the south.
Initial holes testing this EM anomaly to the south of MR 10-65 have now
been completed. These additional holes intersected the mineralized zone;
assays are pending.
The Mirdita property is
a large land package that covers most of the traditional Albanian Copper
Mining District. Multiple historic zones on the property host significant
copper, zinc, gold and silver mineralization (see Tirex
news release dated January 11, 2010 for a summary).
Mineral resource estimates based on Tirex definition drilling to date for the Koshaj, Gurthi South and Letitna Zones are now being calculated by SRK
Consulting (UK) Ltd.
Tirex's intense District-scale exploration program is
being funded, in part, by the European Bank for Reconstruction and
Development (EBRD).
John Nicholson, P.Geo., Mirdita Project Manager and a 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 including a location map for the
reported drill holes can be found on the Tirex
website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
"Bryan J.R. Slusarchuk"
CEO and Director
Click here for contact
information
Forward-Looking Statements. This Tirex News Release may contain certain
"forward-looking" statements and information relating to Tirex that are based on the beliefs of Tirex management, as well as assumptions made by and
information currently available to Tirex
management. Such statements reflect the current risks, uncertainties and
assumptions related to certain factors including, without limitations,
exploration and development risks, expenditure and financing requirements,
title matters, operating hazards, metal prices, political and economic
factors, competitive factors, general economic conditions, relationships
with vendors and strategic partners, governmental regulation and
supervision, seasonality, technological change, industry practices, and
one-time events. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove
incorrect, actual results and forward-looking statements may vary
materially from those described herein.
"Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release."