Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

October 06, 2011 09:18 ET

Robex Resources Inc./Nampala: Report Indicates Growing Gold Resource in the First 600 Meters and 2.4-Kilometer-Long Gold Anomaly Still Unexplored

QUEBEC CITY, QUEBEC--(Marketwire - Oct. 6, 2011) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) announces that it has just filed on SEDAR the full report on the latest gold resource calculation of its Nampala deposit. As stated in the press release dated September 20, 2011, the report shows a substantial increase in the resource for a total of 713,065 measured and indicated ounces and 815,870 inferred ounces. The detailed report, which includes a 3D model, is available on the Robex website (www.robexgold.com).

This new resource calculation is an important milestone for Robex as the Nampala project moves closer to full feasibility. It is also indicative of Robex's success at growing the gold resource at Nampala and is an incentive to continue exploration work as suggested in the report. In that regard, it is interesting to point out that the geochemical gold anomaly identified so far on Nampala extends on a distance of approximately 3 kilometers while exploration work has to date mostly targeted an area of only 600 meters at the northern extremity of the anomaly. This large mostly unexplored area of 2.4 kilometers of the anomaly suggests a potential to expand even more the gold resource at Nampala and strongly encourages Robex to move forward with exploration work as soon as possible.

Below, in greater detail, is the revised resource calculation, which includes 345,049 ounces of gold in the measured resource category, 368,016 ounces in the indicated category and 815,870 ounces in the inferred resource using a cut-off grade of 0.3 g/t.

Categories Ore tonnes Grade Ounces
Measured resource (M) 12,389,292 0.87 345,049
Indicated resource (I) 14,822,151 0.77 368,016
Combined resource (M & I) 27,211,443 0.82 713,065
Inferred resource 27,265,342 0.93 815,870

For more information about the Nampala deposit and to access the corporate presentation, visit: www.robexgold.com

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.

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

  • Media contact:
    Frederic Berard
    Vice President
    HKDP Communications and Public Affairs
    514 395-0375, extension 259

    Investor relations:
    Andre Gagne
    President and Chief Executive Officer
    418-527-5023
    a.gagne@robexgold.com
    Skype: andregagne11