Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

April 11, 2011 10:46 ET

ROBEX/Nampala, Drilling Results Summary of Past Campaigns; Include Gold Values of: 3.45 g/t Over 25 Meters and 1.37 g/t Over 77 Meters Including 4.38 g/t Over 15 Meters

QUEBEC CITY, QUEBEC--(Marketwire - April 11, 2011) -Robex Resources Inc. (TSX VENTURE:RBX) (FRANKFURT:RB4) announces the conclusion of its reverse circulation (RC) drilling campaign of the Nampala deposit. Results of those campaigns have revealed grades such as 3.45 g/t over 25 meters and 1.47 g/t over 57 meters including 3.28 g/t over 14 meters. Those campaigns, totaling 192 drill holes within the oxidized zone of Lens 100, served to complete the drilling at 25 meters spacing (as recommended by Coffey Mining in the 43-101 Resource Calculation report) as well as to define the north-east extension of the Nampala deposit on the Mininko permit. A revised resource calculation is in progress with the purpose of integrating all the results obtained to date. Robex is confident that it will achieve its objective of 350 000 to 375 000 ounces of gold within the oxidized zone. To date, the Nampala deposit contains a resource of 290,000 oz indicated, 419,000 oz inferred on lens 100 and 86,000 oz inferred on lens 200 and 300, for a total of 795,000 oz.

A core drilling campaign of more than 3 000 meters was initiated on the 29 of March 2011. Results from this campaign will be combined to those from the RC campaign in order to confirm previously obtained results. The results from these drill holes will also serve towards the slope calculation requirements needed to design required the mine's plan, as well as to strive to have the indicated resource migrate to measured and indicated. While the deeper drill holes will serve to increase the inferred resource below the oxidized zone.

The following table summarises the overall drilling results obtained during the Nampala RC campaign*:

Bore number
Range
Length (m)Average grade
(g/t)
From
(m)
To
(m)
NRC 090123064341.27
NRC 090184173321.18
NRC 090192347241.33
including3046161.60
NRC 09047668521.36
including2554292.04
NRC 09065077771.37
including2540154,38
NRC 09069943341.29
NRC 09071121751.29
NRC 090712232101.09
NRC 09071434521.25
including91453.05
NRC 09077820121.56
including91453.05
NRC 090783558231.15
including354052.91
NRC 090794667211.22
including495452.80
NRC 091031537222.05
NRC 091121628125.83
NRC 091161441272.14
including1730133.81
Mn2010ac0161862441.74
including435184.18
Mn2010ac017233291.76
Mn2010ac017434851.24
Mn2010ac021323971.29
Mn2010ac021464822.49
Mn2010ac021536070.95
Mn2011ac0055381281.06
including5770131.72
Mn2011ac0061572571.47
including3448143.28
including5768111.85
Mn2011ac0071271590.90
including1244321.25
Mn2011ac0213462281.04
including576252.22
Mn2011ac0283061311.52
including303664.61
Mn2011ac0322550253.45
Including253055.15
Including354161.59
including455059.87
Mn2011ac035477730.93
including2132112.08
Mn2011ac037687461.21
Mn2011ac039112091.38
including161932.77
Mn2011ac039242512.16
Mn2011ac039313431.11
Mn2011ac039414651.86
Mn2011ac039515322.44
Mn2011ac040423191.97

Furthermore, results previously obtained during a reverse circulation (RC) drilling campaign at N'Golola within the Mininko permit, located at 6 km South south-west of Nampala, indicates the possibility of another high potential zone within the Mininko permit. Results collected during the drilling campaign of N'Golola (see press release dated 19 January 2006).
Results collected during the drilling campaign of N'Golola from October 2005 to January 2006 (see press release dated 19 January 2006).

Bore number
Range
Length
(m)
Average grade
(g/t)
From
(m)
To
(m)
NRC 5862639133.72
NRC 586818321.51
NRC 608596341.32
NRC 612353722.57
NAC 6139710693.95
including9710034.18
including10310637.61

Recalling that Bumigeme Inc., a Canadian company with a vast experience in the development of dressing procedures and mineral plants operation, has been awarded the contract for performing the Nampala project feasibility study whose purpose is to define the application modalities of an open-pit mining operation using a 5,000 tons a day cyanide processing plant. The metallurgical tests, recently conducted on the ore, showed high recoveries and low reagent consumption (see press release of February 16, 2011).

The engineering firm Met-Chem has been hired to develop the mine plan for this Feasibility study, as announced in the March 2nd, 2011 press release has just initiated the required field visits in order to define the application modalities.

Robex is also:

  • The N'Golopene permit, located directly on the extension of the gold anomaly at the Syama mine (gold producing property owned by Resolute Mining Ltd., which contains over 6 million ounces of gold and produced 77,926 ounces in 2010);
  • The Diangounté permit, located only a few kilometers from the Sadiola and Yatela mines (property owned by IAMGOLD and AngloGold Ashanti, which contains 8.5 million ounces of gold and produced 178,000 ounces in 2010);
  • The Wili‐Wili and Wili‐Wili West permits, characterised by a large gold‐bearing dispersion 2.8 km by 600 m wide and immediately adjacent to the Siribaya project owned by IAMGOLD and Merrex;
  • The Sanoula permit, surrounded by Golden Rim permits, with which discussions are in progress concerning an eventual joint venture;
  • The Kolomba permit, which produced good results in earlier campaigns and is currently overrun with artisanal gold panners.

In addition, Robex has two RC drilling machines, along with the advantage of an experienced drilling team, which renders the company independent in conducting its own RC drilling campaigns.

For more details on the other Robex permits, see: www.robexgold.com

*Samples were analysed by the ALS Mali sarl laboratory group following the FA / AA (fire assay / atomic absorption) method.

The technical content of this release as well as the results which are set out have been checked by Jacques Marchand, P.Eng. P.Geo,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) accepts any liability of any kind as to the authenticity or accuracy of this release.

Contact Information

  • Investor relations
    Andre Gagne
    President and Chief Executive Officer
    418-527-5023
    a.gagne@robexgold.com
    Skype: andregagne1