Robex Resources Inc.

Robex Resources Inc.

April 19, 2012 13:04 ET

Robex Resources Inc./Nampala: Additional Inferred Resource of 261,000 Ounces of Gold at Surface

QUEBEC CITY, QUEBEC--(Marketwire - April 19, 2012) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce that the drilling campaign on the southern extension of the Nampala deposit on the Mininko permit, of which the Company owns 100% interest, confirms the delineation of an additional inferred resource of 261,000 ounces of gold.

The southern extension of the Nampala deposit occurs on-surface over a 1.3-km strip of the oxidized zone and remains open to the south. In total, 19 of 33 surveys conducted over a 200 x 100-metre mesh intersected mineralization. The inferred resource of 261,000 ounces with 0.74 g/t Au grading is evaluated at 0.4 g/t Au cut-off grade. To determine the quality and full extent of the resource, new surveys will be conducted over a 100 x 50-metre mesh.

These 261,000 ounces of gold increase the calculation carried out in the fall of 2011 (see press release dated September 20, 2011) under the terms of Regulation 43-101, which was instrumental in producing the Nampala feasibility study report published in the press release dated November 8, 2011. That calculation confirmed the presence of 713,065 measured indicated ounces considering a tonnage of 27.2 Mt at 0.82 g/t Au and 815,872 inferred ounces considering a tonnage of 27.3 Mt at 0.93 g/t Au. With the latest discovery, the inferred resource increases to 1,076,872 ounces.

"With 487,000 ounces of gold at 0.4 g/t cut-off grade in the oxidized zone, in addition to forthcoming results of the drilling campaign to the east, Robex is in an excellent position to extend the life of its mill, and is investigating the possibility of increasing production from 5,000 to 10,000 tonnes per day. Confirmation of this increase is great news for Robex insofar as our mining infrastructure will be developed for the treatment of oxide ore," said André Gagné, President and CEO.

Calculation of the resource and review of technical content of this press release have been carried out by Mr. Jacques Marchand, Eng., geol., and qualified independent person.

The technical content of this press release has been verified against samples analyzed at the ALS laboratory in Bamako, Mali.

Some results of the 2005 campaign have been published in 2005/2006 press releases and are available for consultation 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, unfavourable 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 CEO
    Skype: andregagne11

    Media Relations
    Sarah Moreau, consultant H+K Strategies
    514-395-0375, ext. 234