Robex Resources Inc.

Robex Resources Inc.

October 01, 2013 09:42 ET

ROBEX/Exploration Permit Moussala: RC Drilling Up to 18.56 gpt of Gold Over 14 Meters and 2.81 gpt of Gold Over 31 Meters

Trenches on Moussala South of 49 meters at 1.8 gpt of gold and 60 meters at 3.92 gpt of gold

QUEBEC CITY, QUEBEC--(Marketwired - Oct. 1, 2013) - Robex Resources inc. ("Robex" or the "Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to release the encouraging results of the drilling campaign carried out on the Moussala permit, which showed results better than expected. The campaign was conducted from June 1st to July 10th 2013 and totaled 29 holes for a length of 1498 meters. The objective of the campaign was to verify the lateral continuity and entrenchment of the anomaly defined by the trenches. The company plans to prepare a resource estimate for the project in the coming months.

Some survey results on Moussala *

Survey Number
(True width to be confirmed)

Average grade of gold (g/t)
Ms2013ac02bis 0 31 31 2.81
Including 6 12 6 11.31
Ms2013ac03 0 7 7 1.05
Ms2013ac03 18 21 3 6.07
Ms2013ac06 0 13 13 0,80
Ms2013ac07 0 10 10 1.18
Ms2013ac10 1 10 9 1.3
Including 1 3 2 3.61
Ms2013ac13 3 31 28 1.26
Including 3 7 4 2.04
Including 14 16 2 5.22
Ms2013ac14 1 15 14 0.81
Ms2013ac14 54 56 2 1.16
Ms2013ac16 27 41 14 18.56
Including 33 36 3 58.07
Ms2013ac17 1 18 17 0.95
Including 10 18 8 1.4
Ms2013ac23 12 13 1 5.14
Ms2013ac25 14 15 1 1.03
Ms2013ac25 65 69 4 0.71

Click here for complete results *.

* The geological information in this press release has been verified by Jacques Marchand, P.Eng. Geol. independent qualified person. The samples were analyzed at ALS Laboratory Mali SARL, Koulouba Sogonafing BP E2670, Bamako Mali. The samples are analyzed by press merger taking 50g pulp and finish in ppm for gold.

Trench work at Moussala

Previous surveys have been planned following the encouraging results from the trench works completed in February 2013.

The MS2013tr003 trench revealed average gold grades of 3.92 g/t over 60 meters. The three trenches with a total length of 215 m end in mineralization.

Trench number
Length (m) Average grade (g/t)
Ms2013tr001 0 50 50 1.8
Including 35 36 1 31.0
Ms2013tr002 0 105 105 0.71
Ms2013tr003 0 60 60 3.92

Click here for complete results *.

"Our intention is to maintain an aggressive exploration program in 2014 on Moussala and other Robex permits to define our next mining project as soon as possible and achieve our vision of intermediate producer," said George Cohen, CEO of Robex.

The geological information of this release as well as the assay results have been verified by Jacques Marchand, P.Eng. P.Geo, and an independent Qualified Person.

The samples were analyzed at ALS Laboratory Mali SARL, Koulouba Sogonafing BP E2670, Bamako Mali. Samples are analysed by Fire Assay on a 50g pulp with a finish in ppm for gold.

The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.

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 that 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.

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