TSX Venture: TIX
KELOWNA, BC, Feb. 12 /CNW/ - Tiex Inc. is pleased to announce the results
of reconnaissance MMI soil sampling surveys on the it's Mackay River and
Horsefly River Projects within its wholly owned land package in the Quesnel
Trough of British Columbia. The work was performed by the Company's
consultant, Geotronics Consulting Inc.
Reconnaissance MMI soil sampling was carried out during the 2008
exploration season along roads within two areas of the Mackay River Property
area which is located 55 Km east-northeast of the village of Horsefly and 110
km east-northeast of the town of Williams Lake. The first area is located
along the northeast side of the northwest-flowing Mackay River, a tributary of
Horsefly River, and within which the reconnaissance lines trend in an east to
southeast direction. This area is approximately 10Km northwest of the
northeast side of the Frasergold Property where Hawthorne Gold has recently
performed extensive exploration work. The second area occurs along the
west-southwest-flowing Horsefly River where reconnaissance MMI samples were
taken from sites close to roads that parallel both sides of the river.
A total of 684 samples were taken at 50 meter intervals along existing
roads on the properties. 486 samples were from the Mackay River section and
198 samples were from the Horsefly River section. Analyses for 46 elements
were performed by SGS Minerals Laboratories in Toronto, Ontario. The response
ratios (the number times background for each geochemical element) for 10 base
metal elements were calculated. The sums of response ratios were plotted at
each site in order to identify those with anomalous metal contents.
Reconnaissance sampling results revealed several anomalies. Anomaly A is
located near the northwest end of the Mackay River sampling area and is mainly
comprised of gold values, up to 126 times background. The B.C.
government's,"MapPlace", website, shows that the anomaly occurs within the
Nicola Group sedimentary rocks and that regional geochemical surveys have
found a number of sites with anomalous regional geochemistry gold values.
Anomaly A can be traced for approximately 1,300 meters and is open to the
west. Anomalous values are present on reconnaissance lines located two hundred
meters north and four hundred meters south of the main site.
Anomaly B occurs within the Horsefly River sampling area and comprises
samples that are anomalous in Silver, Zinc, Cadmium, and Copper. The
underlying rocks, according to MapPlace data, are north-trending ultramafic
bands, a unit of the Crooked Lake Amphibolites. These rocks are separated from
the undivided metamorphic rocks of the Snowshoe Group by a thrust fault that
passes approximately 100 meters from the eastern edge of Anomaly B.
The Company plans follow-up programs of MMI sampling on 25 metre grids on
both Anomaly A and Anomaly B, followed by induced polarization and resistivity
surveys that should better define their magnitude and extent.
The Company cautions that the strength of MMI geochemistry is not a
reliable indicator of gold mineralization nor can it be used to determine gold
grade. There is no assurance that the MMI data will lead to viable gold
John Buckle, P. Geo., P. Geoph, the Company's Vice President of
Exploration and a Qualified Person as defined by National Instrument 43-101,
has reviewed and approved the technical information contained in this press
ON BEHALF OF THE BOARD OF DIRECTORS
President and 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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Ernie Bergvinson, President and CEO, Phone:
(250) 869-1607, Fax: (250) 868-0798, email: firstname.lastname@example.org, website: