April 30th, 2009
Tirex to Restart Drilling at Mirdita
- High priority Letitna is the first
drill target
- Prior work at Letitna indicates substantial size potential in
area
- Strong copper, zinc and gold
assays in Tirex's only previous drill hole at
Letitna
Vancouver, BC - Tirex Resources Ltd. (TXX:TSXv)
("Tirex")
is pleased to announce that drilling will commence in the Letitna area of the company's Mirdita
VMS District within the next 10 days.
Letitna was the last area of the property
drilled during Tirex's 2008 exploration
program. Plans were to restart drilling at Letitna
in Summer 2009 but an early snow melt and dry weather has enabled Tirex to re-commence drilling in this high-priority
area immediately.
Tirex drilled one hole at Letitna
in 2008. This hole intersected a wide 61.5m (202 foot) zone of mineralization with
strong copper, zinc, gold and silver grades. Highlights from this 61.5m
intersection included 2.5m
grading 2.86% copper, 3.09% zinc and 2.0 g/t gold, 1.9m grading 4.38%
zinc and 6.0 g/t gold and 8.2m grading 3.47% zinc and 1.9 g/t gold
(see Tirex News Release dated January 13,
2009).
In addition to this intersection, which was interpreted to be close to
true width, the hole encountered the top of a second and previously
unknown zone of mineralization. While
in that second zone, the drill rods broke off and the hole ended in
mineralization.
The next holes at Letitna are designed to
vector in on the heart of the upper zone of mineralization and also,
for the first time, test the newly identified lower zone.
The very wide 61.5m (202 ft) mineralized horizon intersected in Tirex's first hole in the area along with the
presence of at least two stacked zones of VMS mineralization may be
indicative that Letitna is an area with a
strong and long-lived mineralizing system with the potential for
producing deposits of significant size.
Corporately, on March 31st, 2009, Tirex
announced the closing of both recently announced financings comprising
a $1,627,000 advance from the European Bank for Reconstruction and
Development and a $750,000 private placement by Energold
Drilling Corporation. Tirex has also granted
540,000 incentive stock options to officers, directors, and consultants
of the company, exercisable at $0.60 per share for a period of five
years from the date of the grant, subject to TSX Venture Exchange
approval.
About Tirex Resources Ltd.
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. Over
the past year drilling has begun to define three separate copper-zinc-silver-gold
deposits (Koshaj, Gurthi
South No. 2 and Letitna). All three will be
subject to further definition and expansion drilling in 2009. This will
occur concurrently with continued drilling of high priority, previously
undrilled geophysical anomalies representing pure discovery potential,
and extensions of some of the other historic deposits known on the
property.
George Gorzynski, P.Eng., Tirex Director 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 can be found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan Slusarchuk, CEO and Director
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.
For more
information, please contact
Tirex Resources Ltd.
Bryan Slusarchuk
CEO and Director
604 687-7160 or Toll Free: 1-877-687-7160
For a detailed quote on Tirex Resoures
(TXX:TSXv), please click here
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