Tiex Inc. – Exploration Update on its Quesnel Trough Properties central British Columbia, Canada
November 4th, 2011 – Kelowna British Columbia: Tiex Inc. (“Tiex” or the “Company”) (TSX-V: TIX) further to the Company’s October 3rd news release the Company is pleased to announce the third update of the exploration work on its Gold Creek and Horsefly Properties in the Quesnel Trough area of central British Columbia.
The Company’s ground work portion of 2011 summer program has completed the collection of 1,827 soil samples in the areas of Gold Creek, Cedar/Louis, Jack (Megamag), McKaygold, Corey (Horsefly Mtn), Elbow Lake and Bosk Lake. All soil samples have been sent into the laboratory; many of the results have been received and are currently being entered into geological models for review. Induced-polarization (“IP”) surveying is completed on Viewland and Elbow Lake Projects. The geochemical and geophysical work has now advanced to the point that the Company has developed detailed drill target planning maps for the Gold Creek, Quesnel Forks and Viewland areas. These drill target planning maps will be posted on the Company’s website in the very near future.
The pilot diamond drilling project on Gold Creek has now been completed. All drill core samples are now being prepared to be sent into the laboratory for assaying. This pilot project tested diamond drill methods to increase core recovery that was experienced in previous drill programs. Management was pleased with the results of the project.
The drill permit for the 2,000 meters of reverse circulation (“RC”) on the Viewland Project has been issued and the drill program is currently underway. This program will test a 700 x 2200 meter and a 900 x 2700 meter highly anomalous in copper area confirmed by MMI soil data and geophysics. Once the Viewland Project is completed the Gold Creek RC program will start. This drilling program will consist of ~7,600 meters on the Gold Creek Sedimentary-hosted Gold Project to test the >12 km of gold in soil anomalies.
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 95,559 hectare Cariboo Goldfields Project, (including the earn-in option/joint venture agreement with Newmont Canada Corporation announced in the Company’s April 27, 2011 news release) 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