Tirex ResourcesOpportunity at Mirdita

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Mirdita Project Map
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The opportunity that Tirex has at Mirdita is unique because of the company's first-mover status in this geologically rich country. By being early to the economic emergence of Albania, Tirex was able to acquire a potentially world-class Mineral District at a time when companies in other countries are simply looking for good individual projects. It is belief of 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. It's not very often that an opportunity to acquire a District comes along and Tirex is working to turn this good fortune into a significant win for both shareholders and for the people of Albania who want a large and prosperous mining industry to fuel economic growth and advancement.

For many years, Albania was shut off from the rest of the world in many ways. One of the consequences of this is that while the rest of the world was gaining immense knowledge about VMS deposits and developing new exploration techniques over the past 40 years, Albanian geologists were shut out of much of these advances. Furthermore, by government decree, exploration and mining done in this important district focused only on copper and was conducted by state-run Soviet, Chinese and Albanian organizations. Zinc was not mined despite high grades due to a lack of processing facilities and the focus of exploration was narrow.

The Tirex technical team, recognizing the potential for a world-class VMS District, acquired the bulk of the mineral rights within this district and proceeded with exploration based on new geological interpretations and modern techniques. The Mirdita Project consists of numerous old mines, mineral prospects and exploration targets already identified on the property through data compilation work as well as a whole host of highly prospective new targets generated by the recently completed airborne geophysical survey.

Tirex's Mirdita Project covers an area of approximately 344 km2 and is located approximately 70 km northeast of Albania's capital city, Tirana and 85km northeast of the port city of Durres on the Adriatic Sea . Access to the property is excellent and infrastructure on or near the property includes electric power and good water supplies.

Quotable:
"Historic isolation of Albanian precluded the use of most modern exploration techniques. Techniques such as electromagnetic surveys have been used routinely with positive results in Canada and most VMS districts of the world since the 1960's. The 2007 airborne electromagnetic survey carried out by Tirex is the first large, modern geophysical survey carried out in Albania and has outlined several strong electromagnetic responses that are considered excellent VMS targets." (NI43-101 Technical Summary Report, Mirdita Project, Albania, 2007)


 
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