April 8, 2010
Tirex Drilling at Mirdita VMS District
2010 Drilling:
- multiple high priority
targets to be drill tested
- focus on discovery
potential in new areas in conjunction with definition and
expansion drilling in known areas of mineralization
- large, powerful drill
targeted to effectively drill test multiple targets under melange
and limestone cover
Vancouver, BC
- Tirex Resources Ltd. (TSX-V:TXX) - Tirex is pleased
to announce that drilling has started at the Mirdita
VMS project in Albania. The 2010 drilling program is planned to run for
the remainder of the year based on newly defined drill targets and
planned definition-expansion drilling on known zones at Letitna, Koshaj and Gurthi South. Several months of drill targets have
already been defined.
The 2010 drilling program will utilize both a highly portable
drill that was previously used by Tirex at Mirdita in topographically challenging areas and a
larger, more powerful drill for technically challenging areas. The
larger drill will more effectively test targets underneath melange and
limestone cover that presented significant drilling challenges for past
state-run exploration programs.
Initial drilling will focus on new discovery targets, with
multiple new exploration areas being drill tested. Targets to be drill
tested in the first phase of the program include the Lisi Pass East Zone (north of Koshaj)
and the Bari Pass area.
The Lisi Pass East
Zone is targeting the favourable volcanic sequence that is host to VMS
mineralization under a thick melange (debris flow) cover. The favourable volcanic sequence is
interpreted to start at a depth of 325m. Previous state run programs
had significant drilling difficulty in this area and this resulted in
multiple abandoned historical holes leaving most of the area untested.
The Bari Pass target area is a new area of
significant interest to Tirex located north
of previous drilling. It was identified as highly prospective through
extensive Tirex field work. In 2008 and 2009
geological mapping and geochemical rock sampling in the area revealed
an abundance of altered and chemically distinctive felsic
volcanic rocks and iron formation that are commonly associated with
sulphide mineralization in other VMS mining districts. Significant
exploration related features include the recognition of multiple felsic volcanic centres, an abundance of felsic volcanic rocks with the same chemical
affinity as those associated with the high grade-deposits in the Letitna to Koshaj area
and the overprinting of felsic volcanic
centres and flanking volcanic rocks by moderate to intense hydrothermal
alteration. This felsic-dominated terrain is
up to 500 meters thick and has a north-south strike length of
approximately 2 kilometres. These lithological
features and the temporal relationships between volcanism and
alteration that have been identified in the Bari Pass area are similar
to other VMS districts that host significant to world-class precious
metal bearing copper-zinc deposits.
Bryan Slusarchuk, Tirex CEO, states, "Much has been
accomplished by the Tirex technical team at Mirdita in terms of target identification through
extensive 2009 fieldwork compilation, and now is the time to
aggressively and systematically drill test these new targets and build
mineral resources in previously drilled deposits."
The 2010 drill program at Mirdita
will be funded, in part, through the company's facility (described in Tirex News Release dated October 9th,
2008) with the European Bank for Reconstruction and Development.
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 can be found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan J.R. Slusarchuk,
CEO and Director
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."
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