Tirex

( "Tirex") (TSX VENTURE: TXX) is pleased to announce that drilling has commenced on the Old Man Mountain Anomaly which is a high priority coincident geophysical and geological drill target.

Marketwire - Breaking News Releases 2008

Tirex through OpCo will participate in the ownership of any new OpCo processing facilities constructed to service the Second Phase production while Ekin Maden will have the obligation to fund or arrange financing for the construction of such facilities, if required.

unknown title 2011

Both Lak Roshi and Munelle were in production during Albania's communist era as were many of the deposits on Tirex's ground.

unknown title 2011

The six mineral deposits 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.

unknown title 2011

Tirex Resources ("Tirex") is pleased to announce it has signed a Definitive Agreement ("the Agreement") with Ekin Maden Tic.

unknown title 2011

The Agreement stipulates that Tirex will contribute six historically known mineral deposits to a newly formed operating company "OpCo" in which Tirex and Ekin Maden will each hold an indirect 50 percent interest.

unknown title 2011

OpCo will be managed by a technical team within Albania under the leadership of a Board of Directors that has equal representation from both Tirex and Ekin Maden.

unknown title 2011

The Agreement allows Tirex to target significant cash flow through a quick transition into commercial production, without any corresponding share dilution relating to the financing of capital and operating expenditures.

unknown title 2011

Tirex Chief Executive Officer, Bryan Slusarchuk, states, Tirex is forging ahead in this unique opportunity to create a substantial copper and gold production profile with no corresponding shareholder dilution.

unknown title 2011

It is the belief of the Tirex technical team, who now have more than 5 years of onsite experience drilling four separate areas within the District, that the Fushe Arres, Qaf Bari and Tuc deposit areas have room for significant expansion and importantly are prospective for precious metal exploitation.

unknown title 2011