Tirex Resources (CVE:TXX) (OTCQX:TIRXF) said late Wednesday that the company represents a "unique example" of trade and business relations between Albania, the US and Canada.
With shareholders in the company including both major US
and Canadian institutions, and listings on United States (TIRXF) and
Canadian (TXX) stock exchanges, the company has an operational focus in
Over the past five years, Tirex has invested more than
US$25 million into northern Albania through the exploration of the
Mirdita VMS Mineral District.
Now, the company has applied to
transition six specific areas that it has focussed on into full scale
copper and gold production, which will operate to a "Canadian standard
in terms of health, safety, community and environment," Tirex said.
company has submitted all of the required permit documentation to the
Ministry of Economy, Trade and Energy (METE) and is ready to execute on
this production program while waiting for the final mining permits from
the Albanian government.
"Tirex is proud to have been a first
mover in a new era of Albanian mineral exploration and development and
we look forward to Tirex serving as an example as to the potential of
future economic interactions between these three great countries," the
company said in a statement.
Tirex noted that Albania's Prime
Minister, Sali Berisha, is currently in Washington, D.C., for an
official state visit, in which Berisha will be meeting with US Secretary
of State Hillary Clinton, and the Speaker of the House, John Boehner,
among other high ranking officials.
Meanwhile, Albania's Deputy
Prime Minister and Minister of Foreign Affairs, Edmond Haxhinasto, will
be visiting Ottawa, Canada on May 10, where he will be meeting several
Canadian ministers and high ranking government officials, Tirex said.
company's management will be conducting media interviews in Albania,
the United States, and Canada prior to the official Albanian visit to
Canada, it added, "as to our experience as a leader in Albanian mineral
exploration and development."
The large copper-gold-zinc Mirdita
project encompasses a 45 kilometre strike line that includes 17
historic deposits, 9 of which became producing mines, with many of them
having extensive underground workings.
Historical production from the District is said to be in excess of 10 million tonnes of ore.
In 2007, Tirex completed an airborne EM geophysical survey that was
the first ever airborne geophysical survey completed in the history of
the country, and identified 102 geophysical anomalies, most of which had
never been drilled before.