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Tirex Resources mining license for high grade Rehova copper project approved
Tirex Resources mining license for high grade Rehova copper project approved Canad...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"\n\n\n\nTirex Resources mining license for high grade Rehova copper project approved\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 14, 2017\n\n\n\n\n\n\n25 year term \nRehova is a high grade past producing copper mine \napproximately 84% of pre-mining historic mineralization is reported to be intact \nexploration upside with deposits largely untested as to gold, silver, zinc content\nTXX: TSX-V  \n\n\n\nVANCOUVER, Feb. 14, 2017 /CNW/ - Tirex Resources Ltd. (\"Tirex\") is pleased to report that the mining license application for the Rehova mining property (\"Rehova\") in Albania had been approved by the Ministry of Energy and Industry. The mining license is valid for 25 years and can be extended for another 10 years.\n\nTirex acquired the rights to Rehova after it won the bidding process held by the government of Albania in 2015. The processing of the mining license application stalled when a private company questioned the legality of the government's action to nullify the exploration license it had on Rehova for failure on its part to meet work the obligations on the property several years prior to the bidding of Rehova in 2015. \n\nThis issue has now been settled by the Albanian courts which led to the recent approval of the license.\n\nSpiro Kletas, Tirex Chief Executive Officer, states, \"After a very long and difficult time period for Tirex, today represents the start of a new era for the company. With the news on licensing at Rehova and a healthy macro environment for copper, there is much to look forward to for Tirex and our shareholders.\"\n\nRehova is located 114 kms straight distance southeast of Tirana or 200 kms by road and is on the electrical power grid. The mining property contains four historical VMS deposits. These are surrounded by exploration areas of interest that have not yet been systematically tested using modern exploration techniques and technology. The four known deposits called Bregu i Geshtenjes (\"B&G\"), Rehova-Kanisqel, Çiflig and Dushku i Trashe comprise the Rehova Copper Mine, a historical...