TiRex Resources (TXX.TSX-V) drilling Albania
February 18, 2008
Greetings investors.
Here’s a stock that’s been on a tear lately, TiRex Resources, trading as symbol TXX on Canada’s TSX venture exchange.
I wrote them up last November shortly after they began trading, and was gratified to see the stock rise to $3.00 CDN per share and beyond within weeks of that. It began another, similar meteoric rise in January as drilling began on its Mirdita District properties in eastern Europe.
The first hole intersected sulphide mineralization starting at a depth of 42 metres, and we’re awaiting the results of that as they drill the second.
Tirex’s focus is the exploration and development of the large 344 square kilometer Mirdita Property in Albania. 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 base metal district. I’m hoping the use of modern exploration techniques will result in the discovery of new VMS deposits or 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 and ongoing field work.
Stay tuned for further developments!
Kb
The BarkerLetter on February 18th 2008 in Commodity investing
lakshmi responded on 18 Mar 2008 at 1:12 am #
hi,
i have invested in few shares in txx. why do you think that the price of txx is falling down? do you feel that its a temporary downtrend and will revive back later? how long do you estimate for the shares to come back. is the company doing well in business?
many thanks for your comments.
regards,
lakshmi
Kb responded on 19 Mar 2008 at 7:32 am #
some insiders are having an early payday.
no big deal…