Robex Resources Inc.

Robex Resources Inc.

March 23, 2011 10:00 ET

Robex Starts Diamond Drilling Campaign in Nampala

QUEBEC CITY, QUEBEC--(Marketwire - March 23, 2011) - Robex Resources Inc. (TSX VENTURE:RBX) (FRANKFURT:RB4) announces that it will be starting a diamond drilling campaign on the Mininko permit at Nampala. In all, 12 surveys will be conducted, eight of which in the oxidized portion of the deposit, to be combined with the results obtained earlier from reverse circulation (RC) holes and which will be used to calculate the slope needed to design the mine's plan. Four other surveys totalling 1,200 metres will be conducted under the oxidized portion to estimate its mineralisation. These holes, aimed at increasing the deposit's resource, will be added to those obtained during previous campaigns and included in the new resource calculation.

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 engineering firm Met-Chem has been hired to develop the mine plan for this Feasibility study, as announced in the March 2nd, 2011 press release.

Robex is also:

-the N'Golopene permit, located directly on the extension of the gold anomaly at the Syama mine (gold producing property owned by Resolute Mining Ltd., which contains over 6 million ounces of gold and produced 77,926 ounces in 2010);

-the Diangounté permit, located only a few kilometres from the Sadiola and Yatela mines (property owned by IAMGOLD and AngloGold Ashanti, which contains 8.5 million ounces of gold and produced 178,000 ounces in 2010);

-the Wili-Wili and Wili-Wili West permits, characterised by a large gold-bearing dispersion 2.8 km by 600 m wide and immediately adjacent to the Siribaya project owned by IAMGOLD and Merrex;

-the Sanoula permit, surrounded by Golden Rim permits, with which discussions are under way concerning an eventual joint venture;

-the Kolomba permit, which produced good results in earlier campaigns and is currently overrun with artisanal gold panners.

In addition, Robex has two drilling machines which render the company independent in conducting its drilling campaigns. Robex also has the advantage of an experienced team, which has just completed 73 surveys at Nampala.

For more details on the other Robex permits, see:

The technical content of this press release and the results contained within have been verified by Mr. Jacques Marchand, certified NI 43-101 engineer geologist in charge of resource calculations.

This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Robex Resources Inc. ("Robex"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market metal prices; impact of change in foreign currency exchange rates and interest rate; imprecision in reserves estimates; environmental risks including increased regulatory burdens; unexpected geological conditions; adverse mining conditions; political risks arising from operating in certain developing countries; changes in government regulations and policies, including laws and policies; failure to obtain necessary permits and approvals from government authorities; and other development and operating risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Robex will derive therefrom. Forward-looking information is based on the estimates and opinions of Robex's management at the time the information is released and Robex does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Investor relations:
    Robex Resources Inc.
    Andre Gagne, President and CEO
    Skype: andregagne1