Robex Resources Inc.

Robex Resources Inc.

January 13, 2011 08:45 ET

Robex Resources Inc./Impressive Results at Nampala: 1.74 g/t Over 44 Meters, Including 8 Meters at 4.18 g/t

QUEBEC CITY, QUEBEC--(Marketwire - Jan. 13, 2011) -Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce an additional series of impressive drilling results stemming from its ongoing drilling campaign which will serve to define the north-east extension of the Nampala deposit on the Mininko permit. For this campaign, a total of 70 drill holes are expected in order to complete the resource calculation which will be ultimately included within the feasibility study.

Robex's President and CEO, Mr. André Gagné, comments: "these latest results are very encouraging as they bring us closer to our goal of 350 000 ounces of gold in the oxide portion of the Nampala deposit. We are very pleased with these results and remain very confident as the project moves forward."

The following table depicts the latest drilling results obtained:

Bore number Range Length (m) Average grade (g/t)
From (m) To (m)
Mn2010ac014 28 29 1 2.79
  35 36 2 2.05
  36 37 1 2.23
  42 47 6 1.57
Mn2010ac015 20 25 6 1.12
Mn2010ac016 18 62 44 1.74
including 18 21 4 0.99
including 38 39 2 3.77
including 43 50 8 4.18
including 55 61 7 3.16
Mn2010ac017 23 31 9 1.76
  43 47 5 1.24
Mn2010ac018 19 22 4 1.24
Mn2010ac021 32 38 7 1.29
  46 47 2 2.49
  53 59 7 0.95
Mn2010ac022 14 18 5 1.25
  65 67 3 2.00
Mn2010ac023 14 15 2 1.80
  42 48 7 1.15

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 with an estimated annual output of 45,000 ounces of gold.

To date, the required topographic surveying of the Nampala project is now completed and the environmental and social impact studies have progressed whereby the initial draft reports are expected to be presented soon for observation and validation.

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.

Contact Information

  • Robex Resources Inc. - Investor relations
    Andre Gagne
    President and Chief Executive Officer
    Skype: andregagne1