Tirex Engages SRK Consulting to Produce Mineral Resource Estimates at Mirdita
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/01/10 -- Tirex Resources (TSX VENTURE: TXX) is pleased to announce that the company has engaged SRK Consulting (UK) Ltd ('SRK UK') to produce initial mineral resource estimates at the company's Mirdita project in Albania. The mineral resource estimates will be compiled and reported in compliance with Canadian National Instrument 43-101 ('NI 43-101').
Tirex's Mirdita property is a large land package that covers a significant proportion of the historical 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). SRK UK has been mandated to complete mineral resource estimates for the deposits at Mirdita known as Koshaj, Gurthi South and Letitna.
SRK UK is part of the SRK Group which comprises approximately 1,000 staff, offering expertise to the mining and metals sector in a wide range of resource engineering disciplines with 38 offices located on six continents. The SRK Group's independence is ensured by the fact that it holds no equity in any project. This permits the SRK Group to provide its clients with conflict-free and objective recommendations on crucial judgement issues.
Tirex has recently announced the start up of a new drilling phase onsite at Mirdita, funded by recently oversubscribed financings totaling approximately CAD $3,700,000. In addition to engaging SRK UK to complete initial NI 43-101 mineral estimates, Tirex is also drilling to target the discovery of new economic zones within the District.
Further details on the company and the Mirdita Project including a location map for the areas described in this news release 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.'
Contacts:
Tirex Resources Ltd.
Bryan J.R. Slusarchuk
CEO and Director
604/687-7160 or Toll Free: 1-877-687-7160
604/687-7165 (FAX)
info@TirexResources.com
www.TirexResources.com