Robex Resources Inc.
TSX VENTURE : RBX

Robex Resources Inc.

February 09, 2011 10:56 ET

Robex Resources Inc./Nampala, Impressive Results: 1.47 g/t Over 57 Meters, Including 14 Meters at 3.28 g/t

QUEBEC CITY, QUEBEC--(Marketwire - Feb. 9, 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 1,47 g/t over 57 meters including 3,28 g/t over 14 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.

Robex's President and CEO, Mr. André Gagné, comments: "the accumulation of results received to date is very encouraging. The sum of drilling results received indicates a potential for a greater resource than initially projected".

The following table summarises the latest drilling results obtained*:

Bore number Range Length
(m)
Average grade
(g/t)
From
(m)
To
(m)
Mn2010ac025 30 32 2 1.78
Mn2011ac001 12 13 1 1.01
  15 17 2 1.23
Mn2011ac004 18 19 1 1.02
  21 22 1 1.27
Mn2011ac005 53 81 28 1.06
including 57 70 13 1.72
  14 15 1 1.11
  34 36 2 1.60
  39 44 5 0.82
Mn2011ac006 15 72 57 1.47
including 34 48 14 3.28
including 57 68 11 1.85
Mn2011ac007 12 71 59 0.90
including 12 44 32 1.25
including 63 71 8 1.04
Mn2011ac008 41 46 5 0.97
  59 61 2 1.05
  64 65 1 1.11

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 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 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 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.

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

www.robexgold.com

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.

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.

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.

Contact Information

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