Tirex Resources Arranges for $7.7 Million in Financing

Tirex Resources (TSXV:TXX,OTCQX:TIRXF) announced that it arranged for $7.7 million in financing to fund new discoveries as they begin gold and copper production.

As quoted in the press release:

Tirex has more than 40 high priority airborne electromagnetic (EM) anomalies at Mirdita and has identified six exploration areas for immediate ground geophysical surveying and drilling, outside of the Mining Partnership zones. These targets have been defined and refined through a combination of airborne geophysical survey, ground geophysical surveys, geochemical work, geological mapping and historical data analysis .

Tirex CEO, Bryan Slusarchuk, said:

This financing will put Tirex in solid shape as we embark on a most exciting year ahead during which we aim to build value for shareholders through gold and copper production as well as extensive drill testing of high priority targets.

To view the whole press release, click here.