Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

March 05, 2012 09:40 ET

Robex Resources Inc.: Drilling Campaign in the Extension South of Nampala Completed

QUEBEC CITY, QUEBEC--(Marketwire - March 5, 2012) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to confirm that the drilling campaign in the extension south of the Nampala deposit on the Mininko permit, announced in the press release of December 7, 2011, has been completed. Robex is currently awaiting the latest analysis results for the 35 boreholes and in the coming weeks expects to publish a new resource calculation that includes these results.

In addition, a new drilling campaign east of the Mininko permit has just begun. The zone, which consists of 11 profiles over an area 150 metres wide and 1,500 metres in length, runs parallel to the Nampala deposit 350 metres to the west. The campaign will include 30 surveys, the results of which will be added to those obtained during the 2005 campaign, whose results (shown below) had not been included in the earlier resource calculation.

"The new drilling is intended to increase the resource in the oxidized zone, which will enable Robex to extend the life of the mine or augment its annual production capacity," explained André Gagné, President and CEO of Robex.

The 2005 drilling campaign revealed the following grades:

Bore number
Range
Length (m) Average grade (g/t)
From
(m)
To
(m)
Mn2004ac528 51 58 7 0.77
85 105 20 1.08
including 95 102 7 2.04
Mn2004ac529 40 57 17 0.78
68 76 8 1.29
Mn2004ac531 10 74 64 0.78
including 36 41 5 2.24
Mn2004ac531 81 89 8 1.11
Mn2004ac532 24 32 8 0.83
55 102 47 0.60
Mn2005ac554 30 38 8 0.94
Mn2005ac555 47 54 7 0.80
58 80 22 0.85
Mn2005ac565 9 116 107 0.60
Mn2005ac567 7 68 61 1.01
Mn2005ac568 71 90 19 0.61
Mn2005ac569 1 13 12 1.03
45 50 5 1.96
Mn2005ac595 27 31 4 1.51
Mn2005ac597 84 90 6 1.23
Mn2005ac600 11 72 61 0.74

See all results: (http://robexgold.com/fr/pdf/nampala_est_resulats_sondages.pdf)

Work underway

Robex is currently establishing the precise topography of the eastern and southern zones of the permit (see map: http://www.robexgold.com/fr/pdf/carte_nampalaest_2012-03-05.jpeg) as well as of the area where the plant will be located. Work is also underway on the tailings pond and the detailed engineering of the buildings (administrative offices, garage, warehouse, dry house, etc.) to ensure these infrastructures are in place prior to the upcoming rainy season. The 2.4 kilometre road linking the village of Nampala to the Robex mine is also under construction and will enable Robex to officially inaugurate the work in mid-March, an event that will be attended by Malian dignitaries, who will take part in the honorary ground breaking ceremony.

The technical content of this release as well as the results set out have been verified by Jacques Marchand, P.Eng., P.Geo, geological engineer and an independent qualified individual.

The samples are analyzed at the ALS Laboratory in Bamako, Mali.

Some results of the 2005 campaign have already been published by press release in 2005/2006 and are available on SEDAR.

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.

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/information:
    Andre Gagne, President and CEO
    418-527-5023
    a.gagne@robexgold.com
    Skype: andregagne11
    www.robexgold.com

    Media relations:
    Frederic Berard
    Vice-President
    H+K Strategies
    514-395-0375, ext. 259