KELOWNA, BC, Feb. 25 /CNW/ - Tiex Inc. ("Tiex" or the "Company") (TSX-V: TIX) is pleased to announce that the Company has signed a 2,405 line
kilometer helicopter-borne DIGHEM frequency domain electromagnetic and
magnetic survey contract with Fugro Airborne Surveys Corp. of
Mississauga, Ontario. The survey is to take place on the Company's
mineral property in the Quesnel trough area of the Cariboo Mining
District of British Columbia.
This airborne survey is currently underway and consists of three main
block of mineral tenures in the Gold Creek, Viewland and McKaygold
areas within the sedimentary hosted gold and the Viewland porphyry
copper-gold project areas of the Company's land package, (please click
this link (http://files.newswire.ca/936/TIEX_Au_soil_map.JPG) to view the gold planning map of the survey, click on this link (http://files.newswire.ca/936/TIEX_Cu_soil_map.JPG) to view the copper planning map of the survey). These planning maps
show the evaluation of the historical conventional geochemistry and
mobile metal ion (MMI) geochemistry as well as the proposed airborne
flight path. As stated by the Company Geoscientist, Stephen Wetherup,
"the MMI does confirm the old conventional geochemistry and gives the
Company the ability to more accurately select drill targets for its
The survey commenced on February 13, 2011 on the Gold Creek block of
mineral tenures and the entire survey as shown on the planning map is
expected to be completed in two or three weeks depending on weather
conditions. Results of the survey will be available to the Company on a
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 137,710 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