KELOWNA, BC, Feb. 7 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce the results of its Viewland - MMI soil sampling
program. This project is located near the community of Horsefly,
approximately 40 km north-northwest of the settlement of Horsefly and
approximately 115 km northeast of the town of Williams Lake within the
Cariboo Mining Division of British Columbia.
Tiex conducted a reconnaissance MMI soil geochemical survey to confirm
the presence of several high copper soil anomalies from a historical
conventional geochemical survey. The MMI soil data confirmed that a 700
x 2200 m and a 900 x 2700 m area are highly anomalous in
copper. Response ratios for copper in these areas are generally above
10 times background with local highs more than 100 times background.
The area was originally staked by Utah Mines (later BHP Mining) in the
mid 1980's to cover a 2 x 2.5 km aeromagnetic high. This was part of a
regional exploration program to explore for porphyry copper deposits
similar to the nearby Mount Polley deposit. Utah conducted a
geochemical survey over the high aeromagnetic feature which was found
to reflect the location of syenite to monzonite stocks that intrude
Middle Triassic to Upper Triassic Nicola Group sedimentary rocks. The
geochemical survey delineated several areas of anomalous high copper in
soil (> 80 ppm) and these have been confirmed by MMI soil data
collected by Tiex.
Tiex will move forward in the 2011 exploration season on a detailed
airborne DigHem and magnetic survey followed up with an Induce
Polarization survey. The geophysical data will be used in conjunction
with the large geochemical soil data set to improve drill hole
Management is seeking a strategic alliance with major mining companies
for the exploration and development of Tiex's gold/copper porphyry
Stephen Wetherup, BSc. P.Geo the qualified person as defined by National
Instrument 43-101 is responsible for the technical information provided
in this release.
About Tiex Inc:
Tiex Inc. is a TSX Venture listed mineral exploration company focused on
the exploration of its 137,572 hectare Cariboo Goldfields Project
located in the historic Quesnel Trough area of central British
Columbia, Canada. The property is accessible by highway and logging
roads year round. For more information, you can visit the company's
website at www.tiexinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Kenneth D. Faulkner"
President & CEO
Certain information regarding the Company including management's
assessment of future plans and operations, may constitute
forward-looking statements under applicable securities laws and
necessarily involve risks associated with mining exploration and
development, volatility of prices, currency fluctuations, imprecision
of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to
access sufficient capital. As a consequence, actual results may differ
materially from those anticipated in the forward-looking statements.
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 RELEASE.
SOURCE TIEX Inc.
For further information:
Ken D. Faulkner, President & CEO
Telephone: (250) 869 - 1607
Facsimile: (250) 868 - 0798