Tirex Resources Ltd.
TSX VENTURE : TXX

Tirex Resources Ltd.

November 17, 2009 12:18 ET

Tirex Resources Ltd.: Letitna Continues to Grow With Latest Assays

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2009) - Tirex Resources Ltd. (TSX VENTURE:TXX) -

  • 18.0m (59 ft) grading 0.41% Copper, 2.68% Zinc, 14.0 g/t Silver and 1.5 g/t Gold
  • Including 7.0m (23 ft) grading 4.84% Zinc, 22.5 g/t Silver and 2.6 g/t Gold
  • Including 1.05m (3.4 ft) grading 0.57% Copper, 14.55% Zinc, 8.1 g/t Gold
  • Including 0.40m (1.3 ft) grading 0.24% Copper, greater than 30.00% Zinc, 12.2 g/t Gold
  • Drilling continues and zone is open for expansion

Tirex Resources Ltd. ("Tirex") is pleased to announce further assays from drilling in the Letitna Zone at the Mirdita VMS Project in Albania. Highlights include an 18.0 metre (59 ft) section grading 0.41% Copper, 2.68% Zinc, 1.5 g/t Gold including 7.0m (23 ft) grading 4.84% Zinc, 22.5 g/t Silver and 2.6 g/t Gold, including 1.05m (3.4 ft) grading 0.57% Copper, 14.55% Zinc, 8.1 g/t Gold and 0.40m (1.3 ft) grading 0.24% Copper, greater than 30.00% Zinc, 23.8 g/t Silver, and 12.2 g/t Gold in drill hole M09-47.

Hole M09-47 is the northernmost hole reported at Letitna to date. Tirex drill hole MR09-49, located 35m north of M09-47, also intersected mineralization and assays are pending for that intersection. The zone is open for expansion and drilling continues. Currently, Tirex is drilling a step out hole located 150m north of and along strike of the most northerly hole drilled to date.

Summary of assay results from drill hole M09-47:

LETITNA ZONE
FROMTOINTERSECTIONCOPPERZINCSILVER GOLD
(m)(m)(m)(%)(%)(g/t)(g/t)
       
DRILL HOLE MR09-47
126.80144.8018.000.412.6814.01.5
Including      
126.80133.807.000.134.8422.52.6
Including      
129.00133.804.800.186.8612.03.6
Including      
130.05131.101.050.5714.5520.88.1
Including      
133.40133.800.400.24greater than 30.00*23.812.2
Including      
142.00144.802.802.183.8725.63.2

*Final assay pending for greater than 30% Zn sample.

This drill hole MR09-47 intersection is located 35m west of the intersection in drill hole MR09-41 where Tirex also intersected significant mineralization (see Tirex News Release dated August 31, 2009).

Bryan Slusarchuk, CEO states, "Tirex continues to intersect a thick zone of strong mineralization at Letitna. Based on the excellent continuity exhibited to date, Tirex has just started to drill a large step out hole, 150m away from the most northerly hole drilled to date at Letitna. The target at Letitna is significant tonnage. While conducting this definition and expansion drilling at Letitna, Tirex is also conducting pure exploration, for new discoveries with the second drill that is now turning in the district."

Three other drill holes completed on the southern extension of the Letitna Zone intersected wide zones of alteration with low assay values. A geological model is being constructed for all the Letitna results to date to guide additional and ongoing drilling.

Tirex is a company purpose-built to explore and develop the large 553 square kilometer Mirdita Property in Albania. The nature of the VMS mineralization in this District provides Tirex investors with exposure to a high grade basket of metals: Copper, Zinc, Gold and Silver. The property is readily accessible by paved and gravel roads and is located 70 km north of the capital city of Tirana. The property covers the core of the historically productive Mirdita VMS base metal district. It represents an opportunity to explore Copper, Zinc, Gold and Silver zones that were previously partially mined, explored or evaluated at lower metal prices, and provides an opportunity to apply modern exploration techniques toward the discovery of new VMS deposits and extensions of known zones. In addition to the 17 historical deposits identified by previous state-run exploration, Tirex has identified numerous high priority exploration targets resulting from the 2007 airborne geophysical survey, ongoing ground geophysics, geological mapping and other field work. The Mirdita exploration project is managed by an experienced team of Canadian geologists and other professionals, and several senior Albanian geologists, geophysicists and surveyors.

John Nicholson, P.Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101 and Mirdita Project Manager, is responsible for the technical content of this news release. Drill core was HQ size (6.35cm diameter) and BTW size (4.20 cm diameter). Half core samples were collected with a rock saw, tagged for identification and securely stored at the Tirex base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into the sample shipment as a quality control measure in addition to the internal quality control measures applied by the laboratory. All samples were shipped directly to ALS Chemex Labs in North Vancouver, Canada where they were dried, weighed, crushed and pulverized. Splits of each pulp were then analysed for 51 elements by ICP Spectrometry and assayed for copper, lead, zinc, silver and gold by standard assay methods.

Further details on the company and the Mirdita Project can be found on the Tirex website at www.TirexResources.com.

ON BEHALF OF TIREX RESOURCES LTD.

Bryan 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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