<p>I've been given a job of 'translating' one language into another. The source is too flexible (complex) for a simple line by line approach with regex. Where can I go to learn more about lexical analysis and parsers?</p>

I've recently been working with
PLY
which is an implementation of lex and yacc in Python. It's quite easy to get started with it and there are some simple examples in the documentation.
Parsing can quickly become a very technical topic and you'll find that you probably won't need to know all the details of the parsing algorithm if you're using a parser builder like PLY.