Tirex Resources Ltd. Assay Drill Results, July 13, 2009

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Information about Tirex Resources Ltd. Assay Drill Results, July 13, 2009
Business & Mgmt

Published on July 13, 2009

Author: skanderbegcapital

Source: slideshare.net

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Tirex Intersects 46m (151 ft) of Copper, Zinc, Gold and Silver Mineralization at Letitna

5052 Victoria Drive Tel: 604 687-7160 www.tirexresources.com Vancouver B.C. Toll Free: 1-877-687-7160 info@tirexresources.com Canada V5P 3T8 TXX: TSX-V July 13, 2009 NR 08-2009 Tirex Intersects 46m (151 ft) of Copper, Zinc, Gold and Silver Mineralization at Letitna • 46m (151 ft) of 0.70% Cu, 2.68% Zn, 20.8 g/t Ag and 1.6 g/t Au • Including 11.1m (36.4 ft) of 2.18% Cu, 3.80% Zn, 38.0 g/t Ag and 4.0 g/t Au • Including 8.1m (26.5 ft) of 2.59% Cu, 4.70% Zn, 39.7 g/t Ag, 5.1 g/t Au • Including 2.0m (6.6 ft) of 2.54% Cu, 6.74% Zn, 18.3 g/t Ag and 14.1 g/t Au • Zone remains open for expansion in all directions, further assays pending Tirex Resources Ltd. (“Tirex”) is pleased to announce further assays from the 2009 drill program in the Letitna Zone at the Mirdita VMS Project in Albania. Summary of assay results from Drillhole MR09- 40: LETITNA ZONE  FROM  TO  ESTIMATED  COPPER  ZINC  SILVER  GOLD  (m)  (m)  TRUE WIDTH (m)  (%)  (%)  (g/t)  (g/t)  DRILL HOLE MR09‐40  126.0  128.1  2.1  0.11  7.27  16.0  1.2  Including     127.2  128.1  0.9  0.09  13.80  25.2  2.1  143.7  189.7  46.0  0.70  2.68  20.8  1.6  Including                    148.7  159.8  11.1  2.18  3.80  38.0  4.0  Including     148.7  156.8  8.1  2.59  4.70  39.7  5.1  Including     149.7  151.7  2.0  2.54  6.74  18.3  14.1  Including     150.7  151.7  1.0  2.48  9.02  19.2  16.8  Including     154.7  155.8  1.1  10.30  1.14  77.8  1.7  Including     169.8  171.0  1.2  0.11  13.15  47.7  5.2  Including     183.8  185.8  2.0  0.11  5.17  24.7  2.3  Drill hole MR09-40 was only the fourth hole drilled in the Letitna Zone on the Mirdita VMS Project to date and was drilled 25m north of the first hole, MR08-37 (see Tirex News Release dated January 13, 2009). High grade assays over wide sections in other Letitna drillholes were also recently released (see Tirex News Release dated July 7, 2009). The zone remains open for expansion in all directions.

George Gorzynski, P.Eng. and Director, states, “Letitna continues to generate very wide drill intersections and high grades including these exceptionally high gold grades for a VMS system. This is the third area in the district drilled by Tirex that has demonstrated such exceptional widths and grades, and drilling continues to prove up the potential of Mirdita as a district of multiple high grade deposits with high gold values. It is open in all directions and with the wide widths of mineralization encountered, Letitna is demonstrating large size potential. Our ongoing exploration program will include drilling to expand the known deposits tested to date and will continue to explore some of the many other geophysical targets and historical deposits known in the Mirdita district.” Tirex is a company purpose-built to explore and develop the large 352 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 NTW size (5.60cm 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 Laboratories 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. Tirex will be hosting a conference call today, July 13th, 2009, to discuss the results announced in this press release. The conference call will take place at 9:00am PST. In preparation for the call, a new map displaying the Letitna Zone is available at www.tirexresources.com. To participate or listen in on the call, dial toll free 1-(866)-305-1460 (Canada and US). When prompted, enter this 7-digit code: 1814978. 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 J.R. Slusarchuk” Bryan Slusarchuk, CEO and Director “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." Page 2 of 2

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