drbubb Posted January 15, 2010 Report Share Posted January 15, 2010 Tirex Resources / TXX.v - Mineral exploration in Albania 553 sq km Mirdita Property : cu, zn, ag, au ===================================== From DrB's Diary Tirex / TXX.v ... update I nearly doubled my position in these today, adding more below $0.50 They have had some good drill results, and I liked the "look of the chart." "Tirex is a company purpose-built to explore and develop the large 553 square kilometer Mirdita Property in Albania." Tirex Resources Ltd. was formed to conduct mineral exploration and development activities in Albania. Tirex has acquired the 553km2 Mirdita property covering most of the traditional Albanian Mining District. We are focusing our efforts towards developing the potential of the Mirdita Project into a major Volcanogenic Massive Sulfide (VMS) District with multiple large deposits of copper, zinc, GOLD and silver mineralization. Leading the way into Albania and employing modern exploration techniques in an area with a rich mining history, Tirex is in the right country at the right time. /website :: http://www.tirexresources.com/s/Home.asp Link to comment Share on other sites More sharing options...
deeper Posted January 15, 2010 Report Share Posted January 15, 2010 nice chart bubb. Link to comment Share on other sites More sharing options...
drbubb Posted January 15, 2010 Author Report Share Posted January 15, 2010 December 07, 2009 Tirex Intersects 12.0m (39.4 ft) of 0.91% Copper, 4.00% Zinc, 14.1g/t Silver, and 2.4g/t Gold 35m Step out Drill Hole at Letitna Intersects Robust Mineralization Assays Pending on Step Out Hole MR09-55, Drilled 240m North of this Hole Letitna Zone Open for Expansion, District-Scale Exploration Continues Tirex Resources Ltd. ("Tirex") is pleased to announce that drill hole MR09-49 has intersected a thick zone of robust copper, zinc, gold and silver mineralization at the Letitna Zone in the company's Mirdita VMS District in Albania. The hole intersected 12.0m (39.4 ft) of 0.91% Cu, 4.00% Zn, 14.1 g/t Ag and 2.4 g/t Au including 2.0m (6.6ft) of 0.67% Cu, 11.56% Zn, 36.9 g/t Ag and 4.7 g/t Au including 1.0m (3.3ft) of 1.23% Cu, 8.07% Zn, 22.2 g/t Ag and 7.3 g/t Au including 2.6m (8.5ft) of 2.24% Cu, 1.99% Zn, 20.0 g/t Ag and 4.4 g/t Au. MR09-49 is a step out hole drilled 35m north of drill hole MR09-47 where Tirex also intersected significant mineralization (see news release dated November 17, 2009 for details). Additional holes have been completed and assays are pending. . . . Tirex's intense District-scale exploration program at Mirdita is a combination of advanced stage definition and expansion drilling in known areas of mineralization alongside of exploration targeting new discoveries in previously undrilled areas. 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 Project is managed by an experienced team of Canadian and Albanian geologists and geophysicists. /more: http://www.tirexresources.com/s/NewsReleas...-Silver-and-2... Link to comment Share on other sites More sharing options...
drbubb Posted January 15, 2010 Author Report Share Posted January 15, 2010 December 03, 2009 Tirex Arranges $1.57 Million in Financing with EBRD convertible at $0.62 as per terms of original agreement bears interest at LIBOR plus 1.5% funds to be used for continuing intense District-scale exploration at Mirdita Tirex Resources ("Tirex") is pleased to announce that it has arranged to immediately draw down €1million (approximately $1.57 million Canadian) from the European Bank for Reconstruction and Development ("EBRD") under the terms of its loan agreement announced on October 8th, 2008. Tirex will use the funds to continue drilling at the company's Mirdita District in Albania. The company's exploration program at Mirdita is a blend of advanced stage definition and expansion drilling in known areas of mineralization alongside of pure exploration with a discovery focus in previously undrilled areas of the property. Assays are pending from recent, continued step out drilling in the Letitna area of the District. The most recent hole drilled at Letitna is a large step out, 150m north of the previous most northerly hole drilled in the area. In addition to Letitna, Tirex is also currently drilling a high priority exploration hole in a new area of the property, targeting discovery. /more: http://www.tirexresources.com/s/NewsReleas...ncing-with-EBRD Link to comment Share on other sites More sharing options...
deeper Posted January 15, 2010 Report Share Posted January 15, 2010 Last company tweet Confirmed that core from 240m step out will arrive in lab for assay next week. Putting a RUSH on it, but holidays will impact turn around 11:47 AM Dec 18th, 2009 from txt Link to comment Share on other sites More sharing options...
deeper Posted January 15, 2010 Report Share Posted January 15, 2010 Took a small position today. Upside potential is there. Drill results coming. Link to comment Share on other sites More sharing options...
jsr Posted January 20, 2010 Report Share Posted January 20, 2010 I have included a map, and the location of the 240m step out hole, to illustrate the significance of this hole. Results should be published any day now, we have been waiting over a month! will add more if a ) drill results are good, or at least consistent b ) price still under $0.50. I can't help but think all the buyers are waiting on the sidelines for these results! Link to comment Share on other sites More sharing options...
jsr Posted January 20, 2010 Report Share Posted January 20, 2010 I have included a map, and the location of the 240m step out hole, to illustrate the significance of this hole. Results should be published any day now, we have been waiting over a month! will add more if a ) drill results are good, or at least consistent b ) price still under $0.50. I can't help but think all the buyers are waiting on the sidelines for these results! Update: Managed to get a reply from their CEO. 240m step out results will be made public within the week. Link to comment Share on other sites More sharing options...
jsr Posted January 20, 2010 Report Share Posted January 20, 2010 240m results in, and disappointing! http://finance.yahoo.com/news/Tirex-Resour...ml?x=0&.v=1 The long step out hole at Letitna intersected mineralization and extended the mineralized horizon 240m to the north of its previous most northerly known extent. The hole intersected 1.6m of 0.96% Zn, 3.5 g/t Ag and 0.39 g/t Au, and 2.1m of 0.84% Zn, 1.6 g/t Ag, and 0.12 g/t Au. Letitna is open for expansion to the northeast. Going forward drilling at Letitna will be focused on expansion and definition with further step out and infill holes planned. Link to comment Share on other sites More sharing options...
drbubb Posted January 22, 2010 Author Report Share Posted January 22, 2010 The market didnt like it TXX: 0.355 Change: -0.035 Open: 0.38 High: 0.385 Low: 0.345 Volume: 374,500 Percent Change: -8.97% Link to comment Share on other sites More sharing options...
jsr Posted February 10, 2010 Report Share Posted February 10, 2010 It's now at 27 cents! IMO, this has the greatest potential of any junior at a similar stage in development i know of. However, the market says otherwise. This stock was over $4 two years ago, so it could take a while for the price damage to heal. Either way, I have no plans of bailing out. I continue to hold for however long! Link to comment Share on other sites More sharing options...
Profhit Posted February 12, 2010 Report Share Posted February 12, 2010 Ouch, I hope Energold sold this stock as they bought in over $0.55 as a debt settlement!! Link to comment Share on other sites More sharing options...
stobar Posted October 30, 2010 Report Share Posted October 30, 2010 Back up to the $0.5 price range again. I bought some on the way down but lost courage after it more than halved from where I originally bought in. Nice drill results this week - not sure whether to bail out now with a view to buying back in at a lower price, but as a longer term holding in my SIPP. Any thoughts? Link to comment Share on other sites More sharing options...
jsr Posted October 30, 2010 Report Share Posted October 30, 2010 Back up to the $0.5 price range again. I bought some on the way down but lost courage after it more halfed from where I originally bought in. Nice drill results this week - not sure whether to bail out now with a view to buying back in at a lower price, but as a longer term holding in my SIPP. Any thoughts? Bear in mind they have an initial resource estimate for Mirdita coming out before year end. Link to comment Share on other sites More sharing options...
wdawson Posted December 23, 2010 Report Share Posted December 23, 2010 I have a hard time to understand the chart. But Thanks for sharing it. Link to comment Share on other sites More sharing options...
jsr Posted January 3, 2011 Report Share Posted January 3, 2011 Initial resource estimate should be posted any day now .... Link to comment Share on other sites More sharing options...
jsr Posted January 5, 2011 Report Share Posted January 5, 2011 Some significant developments ... http://finance.yahoo.com/news/European-Ban...ml?x=0&.v=1 Additionally, mineral resource estimates based on Tirex definition drilling to date for Koshaj, South Gurthi No. 1, Letitna and South Gurthi No. 2 zones are now being calculated by SRK Consulting (U.K.) Ltd. Tirex plans to conduct a Preliminary Economic Assessment (PEA) of Koshaj, South Gurthi No. 1, Letitna and South Gurthi No. 2. The PEA will start immediately upon completion of resource calculations for the deposits, considering potential production scenarios. There are 17 known historical deposits on Tirex's property (9 of which were formerly in production). Koshaj, South Gurthi No.1, Letitna and South Gurthi No. 2 are the first four historical deposits that have been drill tested by Tirex. Drilling of other historical deposits at Mirdita will occur in 2011, targeting expansion of certain deposits on strike and at depth. Most of the deposit areas have never been tested with large scale, systematic and modern exploration. Link to comment Share on other sites More sharing options...
Sprinkles Posted March 27, 2011 Report Share Posted March 27, 2011 Up up and away!!! Had almost written this off last summer at around 70% down after picking up a few on the original tip. Now up over 150%. Just wish I'd added some more around the bottom. http://www.marketwire.com/press-release/Tirex-Plans-Copper-and-Gold-Production-TSX-VENTURE-TXX-1416085.htm Link to comment Share on other sites More sharing options...
stobar Posted March 27, 2011 Report Share Posted March 27, 2011 Just wish I'd added some more around the bottom. Of course you do, me too...been holding for a while, have been tempted to sell in the past but always had a good feeling about this company. Link to comment Share on other sites More sharing options...
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