Business
Tirex Resources Receives Mining License for Rehova Copper Project
(via TheNewswire) 0- -the license was issued after Tirex deposi...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"Tirex Resources Receives Mining License for Rehova Copper Project(via TheNewswire)\n \n \n0-\n\n \n \n\n\n-the license was issued after Tirex deposited mining guarantee and environmental fund\n\n\n\n-the license has a 25-year term\n\n\n\n-Rehova is a high grade past producing copper mine\n\n\n\n \n \nVancouver, BC / TheNewswire / February 28 2017 -Tirex Resources Ltd. TXX: TSX.V (\"Tirex\" or \"the Company\") reported in its most recent news release that it received approval of the mining license application for the Rehova mining property (\"Rehova\") in Albania. Tirex is pleased to announce that the license has now been issued to the Company by National Business Center. The mining license is valid for 25 years and can be extended for another 10 years.\n\n \n \nThe approval of the license will finally allow Tirex to move ahead with its plans on Rehova which include drilling during the first year to update the historic resources to current resources compliant with National Instrument 43-101 while also targeting expansion of the known mineralized zones. Additionally, drilling will target to test for gold, silver and zinc mineralization as the focus of past state-run drilling programs was primarily copper. As part of the go forward planning at Rehova, Tirex will purchase state records from the Albanian Geological Survey. ?These records include historical results from all the holes drilled by the state run mining enterprise that formed the basis for their historical modeling, additional holes drilled by the state run mining enterprise in the later part of Rehova's operations or prior to its closure but not incorporated into the historical model, and also exploration data from the areas surrounding Rehova.\n\n \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, Ciflig and Dushku i Trashe comprise the Rehova Copper Mine, a historically producing mining operation which was formerly operated by the Albanian state copper enterprise. These deposits are relatively close to each oth...