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Tirex Engages Lorenco & CO. to Complete Boundary Surveys of Mining Licenses
Published : May 09, 2013

-- Lorenco & CO. well established civil engineering firm with international experience

-- Survey to initially commence at high priority Tuci-East Tuci and Qaf Bari license areas

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Mots clés associés :   Canada | Kosovo |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 9, 2013) - Tirex Resources Ltd. (News - Market indicators)(OTCQX:TIRXF) ("Tirex") is pleased to announce that it has engaged Lorenco & CO., a civil engineering company in Tirana, Albania to conduct a survey of the boundaries of its mining licenses.

The survey will commence initially at the high priority Tuci-East Tuci and Qaf Bari license areas as they host large individual deposits with expansion potential (East Tuci-1.2Mt @ 2.1% Cu, Qaf Bari North-0.39Mt @ 1.82% Cu). Amongst other deposit areas, Tirex was granted 25 year mining licenses at Tuci-East Tuci and Qaf Bari earlier this year by the Albanian government. The East Tuci and Qaf Bari deposits are approximately 4kms apart and can both be accessed from the same camp.

In addition, Lorenco & CO. will also survey the location of the underground openings present in the mining license areas. The survey is part of the preparation to put the mining areas into production, in part by utilizing existing underground workings that were in place during historical state-run mining and development operations. These underground workings, while viewed as a significant positive for Tirex's development plans, will be upgraded as mining commences in accordance with Canadian-European best practice standards approach.

Lorenco & CO. is an established civil engineering firm with a very strong land surveying-cadastral department and has been involved in the execution and designs of civil engineering projects funded by the local governments, European Union, World Bank and USAID, not only in Albania but also in Macedonia (FYROM), Kosovo and Saudi Arabia.

Prior to transitioning its exploration permits to 25 year mining licenses, Tirex invested USD $25 million into its exploration of the Mirdita District utilizing modern geophysical, geological and geochemical procedures. Tirex serves as an example of the fact that the Republic of Albania welcomes the investment of risk capital in the mining sector and demonstrates that companies are able to transition from exploration into production within the current regulatory framework. As part of the Tirex transition towards production, the company will establish a mining office in the municipality of Fushe Arrez, Shkoder County, northern Albania.

Tirex trades publicly in Canada (News - Market indicators), the United States (OTCQX:TIRXF) and Germany (3TI) and has received major financing support from the European Bank for Reconstruction and Development (EBRD) during its exploration at Mirdita.

The resources quoted in this news release are historical and not compliant with NI 43-101. No Qualified Person has done sufficient work to classify the historical estimates as current and Tirex is not treating the historical estimates as current mineral resources or reserves but considers them as historically relevant and material information. Mr. Fred Tejada, P.Geo., Tirex President, and a Qualified Person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.

On Behalf of Management,

Fred Tejada, President

Forward-Looking Statements. This Tirex News Release may contain certain "forward-looking" statements and information relating to Tirex. Such statements include but are not limited to statements about the Agreement, Licenses, the production arrangements and the timing of the mine development, and production. Often forward-looking statements or information include words such as "plans", expects", "intends", "anticipates", "estimates" "forecasts", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or will be taken occur or be achieved. Although forward-looking statements and information contained in this release are based on the beliefs of Tirex management, which we consider to be reasonable, as well as assumptions made by and information currently available to Tirex management, there is no assurance that the forward-looking statement or information will prove to be accurate. The assumptions made include assumptions about Tirex's ability to move forward with the arrangements as set out in the definitive agreement and as set out in the order of METE.

The forward-looking statements and information contained in this release are subject to current risks, uncertainties and assumptions related to certain factors including, without limitations, obtaining all necessary approvals, feasibility of mine and plant development, 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 as well as risks, uncertainties and other factors discussed in our quarterly and annual and interim management's discussion and analysis. 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 and information may vary materially from those described herein. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. We undertake no obligation to update forward-looking statements or information except as required by law. The six mineral areas which Tirex will contribute to OpCo are historical in nature, and Tirex has not reported any mineral resource (as defined in NI 43-101) and there are no NI 43-101 compliant technical reports prepared in respect thereto. All resource estimates quoted in this news release are historical, uncategorized and not NI 43-101 compliant and should not be relied upon. Tirex has not verified these historical resources and has not reviewed the assumptions, parameters and methods used to prepare the historical resource estimate. No Qualified Person has done sufficient work to classify the historical estimates as current and Tirex is not treating the historical estimates as current mineral resources or reserves but considers them as historically relevant and material information. A feasibility study has not been completed and there is no certainty the proposed operation will be economically viable.

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.

Tirex Resources Ltd.
604-687-7160
604-608-9110 (FAX)
info@TirexResources.com
www.TirexResources.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Tirex Resources Ltd.

PRODUCTEUR
CODE : TXX.V
ISIN : CA88823P1045
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Tirex est une société d’exploration minière d'or basée au Canada.

Tirex est productrice d'or, de cuivre et de zinc en Albanie.

Son principal projet en production est MIRDITA en Albanie.

Tirex est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 7,5 millions CA$ (6,0 millions US$, 4,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 07 mars 2008 à 4,17 CA$, et son plus bas niveau récent le 15 décembre 2017 à 0,02 CA$.

Tirex possède 114 640 000 actions en circulation.

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Présentations des Compagnies de Tirex Resources Ltd.
25/02/2008Winston's Growth Stock Report features Tirex Resources (TXX:...
11/02/2008David Pescod's Late Edition Features Tirex Resources (TXX:TS...
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Rapports annuels de Tirex Resources Ltd.
2008 Annual Report
Financements de Tirex Resources Ltd.
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Nominations de Tirex Resources Ltd.
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14/09/2012Announces Appointment of Mr. Jeffrey Steiner as Special Advi...
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Projets de Tirex Resources Ltd.
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31/07/2015Tirex and Sinomine Collaboration in Albania
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09/02/2012Q&A with Bryan Slusarchuk, CEO of Tirex Resources Ltd.
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13/06/2011Featured In Resource Wold Magazine
08/06/2011Late Edition Comments on Tirex Resources
01/06/2011David Pescod Features Tirex Resources
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08/04/2010(Mirdita)Drilling at Mirdita VMS District
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18/07/2008(Mirdita)Comprehensive Assay Table
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01/05/2008(Mirdita) Intersects 60 Meters of Strong Mineralization at Mirdita
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03/03/2008(Mirdita)Intersects Wide Zone of Strong Mineralization in First Drill...
13/02/2008(Mirdita) Intersects Mineralization on First Drill Hole!
28/01/2008(Mirdita)The Drill is Turning in Albania!
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Communiqués de Presse de Tirex Resources Ltd.
05/05/2016Tirex Signs Agreement to Acquire a Gold Project in Kosovo
22/03/2016Tirex Resources Reaches Agreement with European Bank for Rec...
15/12/2015Tirex Prepares to Start Groundwork on Rehova
01/09/2015Tirex Signs Agreement with Albanian Geological Survey
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05/02/2015Tirex Resources Declared Winner of Bidding Process for Rehov...
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28/11/2013(TSX-V:TXX) : Canada and Albania Announce Foreign Investor P...
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09/05/2013Engages Lorenco & CO. to Complete Boundary Surveys of Mining...
29/03/2013Announces Involvement in 7th Congress of the Balkan Geophysi...
29/01/2013Dundee Securities Initiates Analyst Coverage on Tirex
08/01/2013Receives All Mining Licenses
07/11/2012Featured in Bob Moriarty's 321gold Article
05/11/2012Featured In The Northern Miner
30/10/2012Featured In Proactive Investors
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27/04/2012Video of Interest for Tirex Resources
19/01/2012Featured in David Pescod's Late Edition
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07/12/2011Featured in Prospecting Journal
30/11/2011Featured in The Dollar Vigilante
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04/03/2011Closes $5 Million Financing Fully Subscribed
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19/06/2010Exploration Update
15/03/20102010 Drill Program to Start
27/01/2010Arranges Financing To Immediately Remobilize
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17/11/2009Letitna Continues to Grow Wtih Latest Strong Assay Results f...
29/10/2009Provides Drilling Update
29/10/2009Steps Out 150m at Letitna
30/09/2009New Exploration Map
03/06/2009About us
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14/05/2009update note
09/03/2009Draws Down Additional Funding from EBRD
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05/02/2009News Release
19/02/2009GOLD in Albania (see table below)
18/02/2009Announces Significant Gold and Copper Drill Assays from Alba...
01/12/20085 Ounces of Gold Giveaway
10/11/2008featured on Mining Industry TV
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24/09/2008(TXX:TSXv) Featured in The Northern Miner
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23/06/2008 Notes from CEO and an Interesting Article on Tirex
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15/05/2008Dr. Tucker Barrie Joins Tirex's Technical Team
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23/04/2008Featured in A Recent Interview between Dave Pescod and Neil ...
11/03/2008Northern Miner Article Featuring Tirex Resources Ltd. (TXX:T...
29/01/2008 Prospects Amplified by First Mover Status - Drilling Has Co...
16/01/2008Market Traders Dig A Little Deeper Into Tirex Resources Ltd.
14/01/2008Announces Arrival of Drill to Albania
10/01/2008Tookie Angus Appointed Chairman and Bill Weymark Appointed t...
02/01/2008Letter From CEO Bryan Slusarchuck
21/12/2007(Video) New Video Presentation
12/12/2007Digging in a Dinosaur District
06/12/2007Arranges Institutional Financing
29/11/2007Growing Recognition of Tirex Resources Ltd.
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TSX-V (TXX.V)FRANKFURT (3TI.F)
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