Tirex Intersects 19.3m (63.3 ft) of 3.66% Copper, 1.13% Zinc and 1.2g/t Gold including 6.7m (22.0 ft) of 7.38% Copper, 1.77% Zin
13 Décembre 2010 - 2:00PM
Marketwired
Tirex Resources Ltd. ("Tirex") (TSX VENTURE: TXX) 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:
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GURTHI SOUTH No. 2 ZONE DRILL RESULTS
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FROM TO INTERSECTION COPPER ZINC SILVER GOLD
(m) (m) (m) (%) (%) (g/t) (g/t)
----------------------------------------------------------------------------
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DRILL HOLE MR10-65
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101.5 120.8 19.3 3.66 1.13 8.3 1.2
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including
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103.0 104.1 1.1 4.57 0.18 3.0 2.8
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and
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106.0 108.0 2.0 4.78 0.37 4.5 1.0
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and
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110.6 117.3 6.7 7.38 1.77 13.3 1.6
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including
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110.6 113.6 3.0 9.56 2.17 18.0 2.4
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including
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112.6 113.6 1.0 12.30 1.75 23.0 2.1
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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
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 604-687-7165 (FAX) info@TirexResources.com
www.TirexResources.com
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