QUEBEC CITY, QUEBEC--(Marketwired - March 17, 2014) - Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is able to present, following the confirmation of the drilling results conducted in 2012-2013 on the expansion area of the main pit towards the south (see news release from 24-09-2013), a recalculation of the oxide resource. This calculation confirms a significant increase of 41% of the Indicated resource compared to the Inferred resource.
The average depth of the drillings in the oxide layer of the South Zone is 71 meters.
The new calculation now permits to observe a total of 108,400 ounces of Indicated resource compared to the 77,000 ounces in the 2013 calculation.
The following table shows the new oxide resource of the Nampala South Zone:
Nampala South Zone (extension of the main pit towards the South)
| OXIDE (2014) | OXIDE (2013) | |||||
| Cut-off (g/T Au) |
Tons (Mt) |
g/T | Oz | g/T | Oz | |
| M+Ind Resource | 0.4 | 4.8 | 0.70 | 108,400 | 0.76 | 77,000 |
| Inferred Resource | 0.4 | 2.97 | 0.62 | 59,500 | 0.76 | 95,000 |
REMINDER OF THE RESOURCE OF NAMPALA
As a reminder, here are the summary tables of the whole resource of Nampala besides the Zone the South exposed above:
Nampala's main pit*
| OXIDE | SULFIDE | |||||
| Ton (Mt) |
g/T | OZ | Ton (Mt) |
g/T | Oz | |
| P+P Reserve | 17.4 | 0.70 | 394,000 | - | - | - |
| M+Ind Resource | 5.6 | 0.97 | 175,000 | 7.3 | 0.81 | 190,000 |
| Inferred Resource | 2.4 | 0.63 | 49,000 | 24.8 | 0.96 | 766,000 |
* Source: 43-101 Technical report 2102/09/04 Jacques Marchand Ing. Geologist
The oxide P + P reserve is part of the feasibility study completed in 2012.
Nampala East Zone (300m east of the main pit)
| OXIDE | ||||
| Cut-off (g/T Au) |
Ton (Mt) |
g/T | Onces | |
| Inferred Resource | 0.5 | 9.7 | 0.72 | 251,000 |
The geological information in this press release has been verified by Jacques Marchand, P.Eng. Geol. independent qualified person for Robex.
Robex will continue its exploration program on the eastern part during 2014-2015 and eventually incorporate its additional resources in its mining plan in the longer term.
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.
The TSX Venture Exchange or its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts no liability for the authenticity or accuracy of this release.
Contact Information:
Chief Financial Officer
info@robexgold.com
+1.581.741-7421