Overview

Tirex Resources is the first explorer to employ modern exploration techniques on the past producing 344 km² Mirdita District in Albania. This large VMS (Volcanogenic Massive Sulphide) District hosts 9 past producing mines, 17 known VMS deposits, and as defined by the first ever geophysical survey, 22 high priority exploration targets. This unique opportunity positions Tirex to potentially define and develop the world’s next great VMS Copper-Zinc-Gold-Silver District.
Key Points:

• Tirex exposes investors to a basket of metals, rather than an individual metal, as VMS deposits are typically comprised of Copper, Gold, Zinc, Silver and Lead

• Tirex has a district of projects, rather than an individual project. The 344 km² Mirdita District encompasses the heart of the traditional Albanian Copper Mining District
• Well financed with $10M in the bank; all financings since the IPO have been completed above $2.00
• Strong technical team compromised of widely recognized VMS experts responsible for many large VMS discoveries
• Albania has a stable Parliamentary Democracy and an emerging economy, recently opening up their own stock exchange and attracting foreign investment (they already have the lowest corporate tax rate in the world at 10%)

Chief Properties

Tirex’s proactive response to the economic emergence of Albania, positioned them to acquire a potentially world-class 344 km ² mineral district at a time when companies in other countries are simply looking for good individual projects. It is believed by the expert Tirex Exploration and Development team that Mirdita has the potential to become one of the world’s great VMS Districts with multiple large economic deposits. The Mirdita District has 17 Known VMS deposits with 9 mines previously in production. All of this was achieved with 1950’s knowledge of geology. Tirex performed the first ever airborne geophysical survey and identified 102 anomalies, 22 of which are high priority. This has helped management plan an intense exploration program on the large property.

To date, 9 assays have been released averaging over $180 rock near surface. Numbers thus far have been better than the historic numbers suggested for zinc (30% higher on average) and generally higher for copper as well. Gold assays were kept a state secret and the numbers generated thus far are very encouraging.

An active drill program is currently underway on the Gurthi deposit. This area is consists of two deposits, one of which was previously mined. The second deposit was being developed for production when both projects were shut down in 2000 due to political and economic reasons; not for lack of mineral.

Management

• Bryan Slusarchuk – CEO, Director
• George Gorzynski, P.Eng – Director
• R. Stuart (Tookie) Angus, LL.B – Chairman
• William J. Weymark, P. Eng. – Director

Search for Tirex Resources News