Robust Resources Ltd.

Published : June 25th, 2007

Extensive regional sampling results at Cobar m erit follow up on gold and base me

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ROBUST RESOURCES LIMITED

(ASX cod: ROL)

ASX/ Media Release

25 June 2007

 

Extensive regional sampling results at Cobar merit follow up, including selected drilling campaign on gold and base metals anomalies

 

JUNE 2007 EXPLORATION UPDATE

 

Robust Resources Limited (ASX code: ROL) ("Robust") today announced update details of the extensive programs it has undertaken since its successful listing in February on its tenements in the Lachlan Fold Belt of NSW.

 

HIGHLIGHTS:

 

Cobar tenements:

 

  • Extensive maglag (1500 samples) and rock chip sampling (237 samples) program on its three EL's at Cobar.

 

  • 70% analysed and 10% of these are anomalous in gold and/or base metals and/or indicator elements warranting follow up prospecting and selected drilling.

 

(Maglag samples comprise the magnetic fraction of soils collected by hand using a high intensity magnet. It is a cost effective and efficient method of sampling large regional areas.)

 

 

Voluntary area reduction on licence areas following extensive regional review

 

  • Robust has made area reductions of around 50% in five of its ELs delivering a sharper focus to its exploration program

 

PROGRAM DETAILS

 

Tighter focus of areas

 

A voluntary area reduction of about 50% has been made with the application for licence renewals on five of the Robust areas. These reductions were made following extensive regional sampling and data reviews. Areas of perceived higher prospectivity have been retained.

 

Areas relinquished were mainly covered by deep alluvium, underlain in part by magnetic palaeochannels. Magnetic lineaments, and areas to be relinquished, were outlined by Mr Jacob Rebek - a highly respected former CRAE Chief Geologist - who has extensive experience in the region. These tenements are:

 

  • Tindarey, Mt Barrow, and Pooraka, near Cobar
  • Cumnock, near Orange,
  • Bauloora near Cootamundra.

 

One area - Glencoe - near Cowal has been relinquished.

 

Expenditure on licence renewals is $573,000

 

Cobar EL's

 

From January 2007 active reconnaissance exploration continued on Robust's three Cobar EL's. DPI and other data on earlier activity were reviewed, aeromagnetic data were reprocessed, and access agreements signed. Prospective Cobar-style magnetic lineaments were outlined and prospected using a comprehensive program of surface maglag and rock chip sampling-virtually completed.

 

Some 1500 maglag and 237 rock chip samples have been collected from the three EL's and analysed for gold, selected base metals (copper, lead, zinc) and indicator elements. To date 70% of samples have been analysed, and of these about10% are anomalous in gold, and/or base metals, and/or indicators, including combinations.

 

The above work, has outlined a number of target areas:

 

EL 6415-Tindarey (325 maglag and 29 rock chip samples). Of interest are the Mt Mererre and Golconda gold fields, four magnetic thumb prints in the east and south, and one magnetic hill in the west, near Darling Downs station. The Golconda field (1896-1905) - resides in a 50 to 200m wide brecciated/ silicified/ chloritised shear zone with diggings over 400m. Grades ranged from 4 to 9.5g/t gold. Mt Mererre consisted of high grade pods associated with quartz veins. The Lone Hand mine is also of interest; in 1918 the Mines Inspector noted a crosscut at 30m depth assaying 3.8g/t gold. Based on data and analysis, viable drill targets should be outlined in these fields in the next three to six months.

 

EL 6413-Pooraka (531 maglag and 184 rock chip samples). The southern boundary of this EL lies on strike with the old Mt Boppy Gold Mine (500,000 oz gold produced). Two long maglag-rock chip sample lines run by Robust in this area have yielded anomalous gold values warranting follow up prospecting, including bedrock sampling by shallow drilling.

 

In the remainder of the EL, based on detailed analysis of earlier exploration, plus recent mapping/ sampling, contract geologist Nick Swingler (former CRAE), has concluded that despite considerable past work the potential for buried gold has not been adequately tested. Further, the Florida Trig/ Chert Ridge/ North Pole base metal prospective zone in the centre of the EL needs to be carefully mapped and sampled at 25 x 100m centres to delineate drill targets, and a large magnetic anomaly to the east filtered to delineate targets for sampling, and possible drilling.

 

EL 6416-Mt Barrow (644 maglag and 24 rock chip samples). The southeastern part of this EL hosts a patch of old gold and copper-lead-zinc-silver diggings about a possible volcanic centre. These include the Glengarry Gossan (drilled in 1976), and the Herald, New Era and Victory gold mines. Sampling and prospecting by Robust Resources is being completed with no results yet to hand. Other targets for sampling have been the Box Tank and related diggings in the northwest and the Rankins Show-Bradburys diggings in the central part. These are in addition to magnetic lineaments, mentioned above. To date some 9% of samples analysed are anomalous and require following up.

 

Of particular interest was a recently discovered malachite-clay copper gossan located in an earth dam 2.5km SSE of Hermitage Plains station. The discovery lies proximal to the prospective Gilmore Suture (fault zone) and on strike with and between the Babinda copper-lead-zinc mines to the southeast and the Boundary Fence mine to the north.

 

This discovery will be a drilling target in the next two months.

 

For further information please contact:

 

Ian Finch

Chairman

(08) 9485 1040

 

Gary Lewis

Managing Director

0422 880 055

 

or consult the website www.robustresources.com.au

 

Doug Macdonald

0424 255 959

Capital Group

 

 

Robust Resources Ltd.

EXPLORATION STAGE
CODE : ROL.AX
ISIN : AU000000ROL5
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Robust is a gold exploration company based in Australia.

Its main exploration property is ROMANG ISLAND in Indonesia.

Robust is listed in Australia. Its market capitalisation is AU$ 89.8 millions as of today (US$ 78.3 millions, € 62.5 millions).

Its stock quote reached its lowest recent point on January 09, 2009 at AU$ 0.10, and its highest recent level on January 15, 2010 at AU$ 2.72.

Robust has 185 100 000 shares outstanding.

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