Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

September 20, 2011 12:41 ET

Robex Resources Inc./Nampala: Substantial Increase of the Resource

713,065 ounces of measured & indicated and 815,870 of inferred ounces

QUEBEC CITY, QUEBEC--(Marketwire - Sept. 20, 2011) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to announce the results from its latest revised resource calculation of the Nampala gold deposit, on its 100% owned Mininko permit. The revised calculation is a complement to the 43-101 compliant Nampala gold deposit resource estimation completed by Coffey Mining in 2007. To date, the defined deposit includes a total of 713,065 ounces of Measured & Indicated and 815,870 ounces of Inferred inclusive of all categories.

"The confirmation of this substantial increase of the resource is excellent news, rendering us enthusiastic and optimistic towards the impending development of Nampala. Moreover, the possible extension along strike to the south (announced in press release dated September 12, 2011) allows us to consider an additional resource increase, as well as sustained growth for Robex" declares André Gagné, Robex's President and Chief Executive Officer.

This revised calculation, prepared by Jacques Marchand, a NI 43-101 Independent Qualified Person, Geological Engineer, includes 345,049 ounces of gold from the measured category, 368,016 ounces in the indicated category and 815,870 ounces in the inferred category using a cut-off grade of 0.30 grams per tonne (g/t).

Ore Categories Tonnage Grade (g/t) Ounces
Oxide Measured (M) Resource 11,614,266 0.86 322,047
Indicated (I) 8,281,023 0.76 201,476
M & I (combined) 19,895,289 0.82 523,523
Inferred 2,452,011 0.63 49,460
Sulphide Measured (M) Resource 775,026 0.92 23,002
Indicated (I) 6,541,128 0.79 166,540
M & I (combined) 7,316,154 0.81 189,542
Inferred 24,813,331 0.96 766,410

Within the next two weeks, a full report will be filed on SEDAR along with a published analysis of the calculation.

Historically, the 43-101 Nampala Gold Deposit Resource Estimation completed by Coffey Mining in 2007 defined an inferred resource of 760,000 ounces of gold at a cut-off grade of 0.50 g/t (see technical report 43-101). The revised calculation just completed includes the drilling results following the application of Coffey Mining's recommendation to carryout infill drilling at 25 meters spacing. An initial revised calculation was completed in 2010 following a reverse circulation (RC) drilling campaign of 8,033 meters from 119 drill holes. The addition of the results from the 8,033 meters which were drilled rendered an indicated resource of 244,000 ounces of gold within the top portion of lens 100. This process also equated to the raising of the confidence level vis-à-vis the oxide portion of the deposit from inferred to indicated between the surface and an approximate depth of 80 meters (press release dated June 28, 2010). The inclusion of drilling results from a second RC campaign of 73 drill holes totalling 4,865 meters (press release dated April 11, 2011), as well as a diamond drilling campaign of 5,000 meters from 19 drill holes (press release dated July 28, 2011), result in this latest resource calculation with a total of 713,065 ounces of Measured & Indicated and 815,870 ounces of Inferred.

Also worth mentioning, the feasibility study being conducted by Bumigeme is currently nearing completion with the drafting of the report whose purpose is to define the application modalities of an open-pit mining operation using a 5,000 tons a day cyanide processing plant.

For more details on the Nampala Gold Deposit and other Robex permits, see: 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.

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) accepts any liability of any kind as to the authenticity or accuracy of this release.

Contact Information

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