Fred Tejada Appointed Tirex Resources President
October 28 2011 - 12:28PM
Marketwired
Tirex Resources ("Tirex") (TSX VENTURE:TXX) is pleased to announce
the appointment of Mr. Fred Tejada, P.Geo as President.
Mr. Tejada has 30 years of international mineral industry
experience and has a proven track record, working with both major
international mining companies and exploration focused
organizations.
For seven years, Mr. Tejada was Country Manager and President of
Philippine subsidiary companies of Phelps Dodge Exploration
Corporation ("Phelps Dodge").
While with Phelps Dodge, Mr. Tejada was responsible for
corporate matters and exploration activities from project
generation, property acquisitions and permitting. In this role, he
led the acquisition of 100% ownership of mineral rights over
Mountain Mines in Batong Buhay and Taysan copper deposits, deposits
with known historical resources. Prior to joining Tirex he was Vice
President Exploration of Panoro Minerals Ltd. where he directed the
resource definition drilling of its two major copper projects in
Peru.
Mr. Tejada is a Registered Professional Geoscientist (P.Geo) of
the Association of Professional Engineers and Geoscientists of
British Columbia (APEGBC), is a member of the Society of Economic
Geologists (SEG), a member of the Geological Association of Canada
(GAC) and a member of the Canadian Institute of Mining Metallurgy
and Petroleum (CIM). Prior to his appointment as President, Mr.
Tejada held the position of Vice President of Operations and
Exploration at Tirex.
Bryan Slusarchuk, Tirex Chief Executive Officer, states, "Tirex
recently announced and described an arrangement through which the
company intends to target a fast track into copper and gold
production via a mining partnership in Albania. This comes after
the company has spent more than four years and more than $25
million on the Mirdita VMS Project. On October 18th, we announced
that our mining plans have received official community support from
all of the host communities where the mining permit applications
are located. Mr. Tejada's leadership in Albania and corporately in
Canada, based on his 30 years of international mineral industry
experience, will serve the company well during this process. His
operational leadership in Albania will allow me to remain devoted
to raising the profile of the company through my role as CEO,
internationally as we advance corporately."
In conjunction with Mr. Tejada's appointment, he will be granted
500,000 incentive stock options with an exercise price of $0.75
carrying a five year term.
Further details on Tirex Resources Ltd. and the Mirdita Project
can be found on the Tirex website at www.TirexResources.com.
ON BEHALF OF TIREX RESOURCES LTD.
Bryan J.R. Slusarchuk, CEO and Director
Forward-Looking Statements. This Tirex News Release may contain
certain "forward-looking" statements and information relating to
Tirex. Such statements include but are not limited to statements
about the Agreement, the production arrangements and the timing of
the mine development, mill construction and ore production. Often
forward-looking statements or information include words such as
"plans", expects", "intends", "anticipates", "estimates"
"forecasts", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or will be taken occur or be achieved. Although
forward-looking statements and information contained in this
release are based on the beliefs of Tirex management, which we
consider to be reasonable, as well as assumptions made by and
information currently available to Tirex management, there is no
assurance that the forward-looking statement or information will
prove to be accurate. The assumptions made include assumptions
about Tirex's ability to move forward with the arrangements as set
out in the definitive agreement. The forward-looking statements and
information contained in this release are subject to current risks,
uncertainties and assumptions related to certain factors including,
without limitations, obtaining all necessary approvals, feasibility
of mine and plant development, exploration and development risks,
expenditure and financing requirements, title matters, operating
hazards, metal prices, political and economic factors, competitive
factors, general economic conditions, relationships with vendors
and strategic partners, governmental regulation and supervision,
seasonality, technological change, industry practices, and one-time
events as well as risks, uncertainties and other factors discussed
in our quarterly and annual and interim management's discussion and
analysis. Should any one or more of these risks or uncertainties
materialize or change, or should any underlying assumptions prove
incorrect, actual results and forward-looking statements and
information may vary materially from those described herein.
Accordingly, readers should not place undue reliance on
forward-looking statements and information contained in this
release. We undertake no obligation to update forward-looking
statements or information except as required by law.
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release."
Contacts: Tirex Resources Ltd. Bryan J.R. Slusarchuk CEO and
Director 604-687-7160 or Toll Free: 1-877-687-7160 604-687-7165
(FAX)info@TirexResources.comwww.TirexResources.com
Tirex Resources Ltd. (TSXV:TXX)
Historical Stock Chart
From May 2024 to Jun 2024
Tirex Resources Ltd. (TSXV:TXX)
Historical Stock Chart
From Jun 2023 to Jun 2024