Tuesday 27 September 2011

Tirex joins Albanian officials at U.S.-Albanian investment conference

Tirex Resources (CVE:TXX) joined Albanian delegates in New York City last week as the only mining company taking part in the First U.S.-Albanian Investment Conference.
The company noted that Albania has been called an "economic miracle" in media publications this week, praised largely for its low 10% flat corporate and personal tax rate, NATO membership, competitive regulatory system, strong national resources, and its economic growth amid other struggling European nations.
Based in Vancouver, B.C., Tirex said it is now beginning to transition from exploration to production, and hopes to set an example of the operational stability in Albania.
The company also said its CEO, Bryan Slusarchuk, was present as Albanian Prime Minister, Sali Berisha, rang the closing bell at the NASDAQ Stock Exchange on Friday.
Tirex's Mirdita property is located in northern Albania, where Tirex has intersected 65 metres grading 2.7 grams per tonne (g/t) gold, 0.6% copper, 9.0% zinc, 0.3% lead, and 48.4 g/t silver, including 14.1 metres at 0.9% copper, 11.6% zinc, 1.0% lead, 141.6 g/t silver, and 5.5g/t gold.
Currently, the company's technical team is at the Mirdita property to review the recently developed underground mine plans.

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