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Robex
Resources Inc. (TSX VENTURE:RBX
- News; FRANKFURT:RB4 - News) is delighted to
announce that the first results from the drilling campaign currently taking
place at Nampala confirm the extension towards the
north-east over more than 200 m with concentrations such as 2.16 g/t over 5
meters and 0.92 g/t over 41 meters. The oxidized gold-bearing zone, with a
width of at least 200 meters, has a north-east trend with a moderate dip
towards the north-west. This zone remains open towards the north and
geologists are currently planning bores in order to assess the extent of this
extension. Robex has completed around a third of
the 70 planned bores needed to complete the calculation of the resources
which will be incorporated into the feasibility study. Bumigeme,
the well-respected Canadian engineering company, has been awarded the
contract for performing this feasibility study whose purpose is to confirm
the economic viability of an open-air mining operation using a 5,000 tons a day cyanide processing plant with an
estimated annual output of 45,000 ounces of gold.
Andre Gagne, the CEO, commented: "I'm very happy with the first
results we've obtained as these allow Robex to
increase its resource on Nampala. Furthermore, the
possibility of extending the mineralized zone to the north-east is
particularly encouraging news".
Here is an overview of the values seen till now:
----------------------------------------------------------------------
Average
Bore number
Range Length
(m)
grade (g/t)
--------------------------------------------------
From (m) To (m)
----------------------------------------------------------------------
Mn2010ac014
28
37
9
0.99
----------------------------------------------------------------------
including 28 29
1
2.79
----------------------------------------------------------------------
including
36
37
1
2.23
----------------------------------------------------------------------
Mn2010ac011
10
19
9
0.86
----------------------------------------------------------------------
including
10
11
1
1.23
----------------------------------------------------------------------
including
14
15
1
1.42
----------------------------------------------------------------------
including
18
19 1
1.26
----------------------------------------------------------------------
Mn2010ac011
29
70
41
0.92
----------------------------------------------------------------------
including
29
41
12
1.85
----------------------------------------------------------------------
(i)including
29
34
5
2.16
----------------------------------------------------------------------
including
29
30
1
2.54
----------------------------------------------------------------------
(ii)including
31
32
1
3.25
----------------------------------------------------------------------
including
33
34
1
2.78
----------------------------------------------------------------------
including
45
46
1
2.04
----------------------------------------------------------------------
including
47
48
1
1.68
----------------------------------------------------------------------
including
49
50
1
1.21
----------------------------------------------------------------------
including
60
61
1
1.90
----------------------------------------------------------------------
including
63
64
1
1.35
----------------------------------------------------------------------
including
69
70
1 1.37
----------------------------------------------------------------------
Mn2010ac010
31
61
30
0.72
----------------------------------------------------------------------
including 31 46
15
1.11
----------------------------------------------------------------------
(i)including
31
32
1
1.40
----------------------------------------------------------------------
(i)including
36
37
1
1.43
----------------------------------------------------------------------
(i)including
37
38
1
3.06
----------------------------------------------------------------------
(i)including
39
40
1
2.15
----------------------------------------------------------------------
(i)including
45
46
1
1.69
----------------------------------------------------------------------
Mn2010ac006
47
48
1
0.99
----------------------------------------------------------------------
Mn2010ac005
6 7
1
1.35
----------------------------------------------------------------------
26
27
1
1.47
----------------------------------------------------------------------
Mn2010ac004
2
4
2
1.27
----------------------------------------------------------------------
6
7
1
1.36
----------------------------------------------------------------------
9
10
1
1.14
----------------------------------------------------------------------
14 17
3
1.17
----------------------------------------------------------------------
Mn2010ac003
24
25
1
1.02
----------------------------------------------------------------------
44
46
2
1.50
----------------------------------------------------------------------
49
51
2
1.13
----------------------------------------------------------------------
www.robexgold.com
The technical content of this release as well as the results which are
set out have been checked by Jacques Marchand,
geological engineer and an independent qualified individual.
This press release contains statements that may constitute
"forward-looking information" or "forward-looking statements"
as set out within the context of security law. This forward-looking
information is subject to many risks and uncertainties, some of which are
beyond Robex Inc.'s ("Robex")
control. The actual results or conclusions may differ considerably from those
which have been set out, or intimated, in this forward-looking information.
There are many factors which may cause such disparity, especially the
instability of metal market prices, the results of fluctuations in foreign
currency exchange rates or in interest rates, poorly estimated reserves,
environmental risks (stricter regulations), unforeseen geological situations,
unfavorable extraction conditions, political risks brought on by mining in
developing countries, regulatory and governmental policy changes (laws and
policies), failure to obtain the requisite permits and approvals from
government bodies, or any other risk relating to mining and development.
There is no guarantee that the circumstances anticipated in this
forward-looking information will occur, or if they do occur, how they will
benefit Robex. The forward-looking information is
based on the estimates and opinions of Robex's
management at the time of the publication of the information and Robex does not assume any obligation to make public updates
or modifications to any of the forward-looking statements, whether as a
result of new information, future events, or any other cause, except if it is
required by securities laws.
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's
policies) accept any liability of any kind as to the authenticity or
accuracy of this release.
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