Robex Resources Inc.
TSX VENTURE : RBX
FRANKFURT : RB4

Robex Resources Inc.

October 25, 2011 11:23 ET

Robex Resources Inc./Nampala: The Potential Production Capacity Increases From 5,000 Tonnes to 6,000 Tonnes per Day

QUEBEC CITY, QUEBEC--(Marketwire - Oct. 25, 2011) - Robex Resources Inc. (TSX VETNURE:RBX)(FRANKFURT:RB4) announced today that it has decided to increase its potential production capacity from 5,000 tonnes to 6,000 tonnes per day, following its review of a feasibility study on Nampala. This decision has delayed the publication of the study, which should be available within two to three weeks. Robex plans to operate an open-pit and milling facility that uses cyanidation processing.

N'Golopene

Robex is also pleased to announce that work has been conducted on the N'Golopene permit as part of a farm-in and joint venture agreement signed between Robex Resources and Resolute Mining in the last quarter. Multi-element soil sampling was carried out in the northern section of the N'Golopene exploration permit, 15 km north of Syama. In total, 576 samples were collected, with a sample spacing of 500m x 500m, closing to 250m x 500m in the Syama Formation area. In total, five hundred and seventy six (576) samples were collected. In addition, 25 rock samples were taken in the northwest corner of the permit in an area made up of basalts and silicified argillite and corresponding to the western leg of the Syama Formation. Favorable lithologies, including brecciated gossans and intermediate volcanics, were sampled during this first pass geological mapping campaign. All results are pending.

The farm-in and joint venture agreement grants Resolute the right to earn up to a 70% interest in Robex's N'Golopene gold exploration, adjoining the Syama permit to the north. It also provides Resolute with exploration access to a further 6.5 kms of the highly prospective Syama Formation and Shear.

For more information about the Nampala deposit and to access the corporate presentation, please 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, and an independent Qualified Person.

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