Tirex ResourcesRich Mining History

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Tirex Resources was formed to conduct mineral exploration and development activities in Albania. Tirex has acquired a large 344 km2 land position encompassing the heart of the traditional Albanian copper Mining District, an area that Tirex believes may be one of the world's great VMS districts.


Albanian Mining History

1928-1939
Albania was a copper producer but production stopped with the onset of World War II

1950-1961
Soviets carried out large exploration programs in the Mirdita area and discovered many of the known deposits.

1961
Soviets left Albania

1961-1970
Albanian Geological Survey (GJEOALBA) expanded some of the known deposits but made no new discoveries

1970-1976
Albanian geologists carried out large exploration programs, assisted by Chinese geologists and Chinese technology. Several additional ore deposits were found.

1976
Chinese left Albania.

1976-1993
Albanian Geological Survey continued exploration with a sole focus on copper while interpreting all of the Mirdita deposits as Cyprus-type VMS deposits rather than Noranda-type VMS deposits. Nine deposits on what is now the Tirex property were in production at various times during this period while some other known deposits with high zinc content on the property were not mined due to lack of processing facilities.

1995-1998
Nebex Resources acquired concessions in the area and carried out limited drilling. Work was cut short in 1998 due to lack of funding during this difficult exploration financing period.

1998-2005
No significant exploration fieldwork took place in Mirdita during this time period.

2006
After extensive negotiations, a private Canadian company acquired a property that encompasses most of the traditional Albanian Mining District (Mirdita) which was then acquired by Tirex Resources Ltd.

2007
Tirex Resources begins extensive data compilation of all past work done in Mirdita and flew Albania's first-ever Airborne Geophysical Survey. Results from the data compilation and from the airborne survey outlined numerous high-priority exploration targets throughout the large property. This work by Tirex represents the first extensive use of modern exploration methods in this prolific mineral district.

Quotable:

"Albania's macroeconomic environment continued to be characterized by strong GDP growth and subdued inflation." (American Chamber of Commerce in Albania, Yearbook 2007-2008)
 
Tirex Resources Ltd.