Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

March 10, 2011 10:01 ET

Robex/Nampala, Results Higher Than Expectations: 3.45 g/t Over 25 Meters

QUEBEC CITY, QUEBEC--(Marketwire - March 10, 2011) - Robex Resources inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) announces an additional series of impressive drilling results stemming from its ongoing drilling campaign of the Nampala deposit. The latest results depict a grading among others of 3.45 g/t over 25 meters. This drilling campaign serves to define the north-east extension of the Nampala deposit on the Mininko permit, whereby these results will be included in the revised resource calculation. 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 at levels ranging around 1,0 g/t (in accordance with the Canadian standard 43-101).

The following table summarises the latest drilling results obtained*:

Bore number Range Length (m) Average grade (g/t)
From
 (m)
To
(m)
Mn2011ac035 4 77 73 0.93
  including 21 32 11 2.08
Mn2011ac033 13 20 7 1.03
Mn2011ac032 25 50 25 3.45
  including 25 30 5 5.15
  including 35 41 6 1.59
  including 45 50 5 9.87
Mn2011ac029 22 39 17 1.03
  including 22 24 2 2.89
  including 29 35 6 1.61
Mn2011ac028 30 61 31 1.52
  including 30 36 6 4.61
Mn2011ac027 50 58 8 1.38
Mn2011ac026 19 25 6 1.01
  including 45 57 12 1.13
Mn2011ac024 42 68 26 0.91
  including 42 48 6 1.58
Mn2011ac023 22 24 2 1.32
Mn2011ac022 26 64 38 0.84
  including 52 64 12 1.05
Mn2011ac021 34 62 28 1.04
  including 57 62 5 2.22
Mn2011ac020 21 68 47 0.81
  including 21 28 7 1.25
  including 37 41 4 1.22
Mn2011ac013 58 60 2 3.51
Mn2011ac012 17 62 45 0.84
  including 29 40 11 1.86

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).

Bore number Range Length (m) Average grade (g/t)
From
 (m)
To
(m)
NRC 586 26 39 13 3.72
  81 84 3 1.13
NRC 608 59 64 5 1.14
NRC 612 35 37 2 2.57
NRC 613 97 106 9 3.95
  including 97 100 3 4.18
  including 103 106 3 7.61

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 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.

The required topographic surveying of the Nampala project, as well as the environmental and social impact studies have been completed. The draft reports are undergoing review for validation purposes. Also, the metallurgical tests, recently conducted on the ore, showed high recoveries and low reagent consumption (see press release of February 16, 2011).

*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.

www.robexgold.com

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.

Contact Information

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