Tirex Resources Ltd.

Tirex Resources Ltd.

April 08, 2010 09:00 ET

Tirex Drilling at Mirdita VMS District

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2010) - Tirex Resources Ltd. (TSX VENTURE:TXX) -

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

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.


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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