Robex Resources Inc. - Heading for production...
Robex Resources Inc. - Heading for production...
3/26/2009 10:41 AM - Canada NewsWire
QUEBEC, Mar 26, 2009 (Canada NewsWire via COMTEX News Network) --
RobexResources Inc. (TSX-V: RBX) is pleased to announce the positive resultsrevealed by the analysis of the ore samples just completed from itsNampala deposit, and to announce that the company is currentlynegotiating with two separate Quebec engineering firms regarding theinstallation of a gravimetric concentrator on this permit. Also, thePresident of the Robex Board and the CEO are now in Mali to participatein the JMP 2009, a major event in the Malian mining industry.
Elevated Grades of ore samples from Nampala deposit
Thegrades of the ore samples from the Nampala deposit (Mininko) confirmthe grade of the former works on the site. The 30 samples analyzed byCorem (Certified laboratory) report an average grade of 1.35g/t Goldand 0.46g/t Silver. This preliminary feasibility study had beenannounced in the press release of December 17th 2008.
Gravimetric Concentrator on Mininko
Robexis currently negotiating with two Quebec Engineering Firms regardingthe installation of a 2000 ton per day gravimetric concentrator toprocess saprolitic ore on the Mininko permit, where 760 000 ounces ofgold were certified according to NI43-101 (see press release of July13th 2007). Robex will be pleased to announce in the next weeks whichfirm has been retained for this project. Also, the Malian company ESDCOSARL (Environment & Social Development Company-Sarl) has beenmandated to proceed, as of April 15th, to the environmental study forthis project.
President of the Board and CEO in Mali
MrRolland Veilleux, President of the Board, and Mr Andr? Gagn?, CEO, arecurrently both in Mali to take part in the JMP 2009, a major event inthe Malian mining industry. This event is renowned to be a great placeto discuss recent discoveries and progress on recent Malian mineraldiscoveries. It's also a good meeting place to discuss with some keydecision-makers about Malian ore extraction. These two Robexrepresentatives will also meet with Mr Dramane Demb?l?, a personresponsible in the DNGM (National Directorate of Geology and Mines ofthe Republic of Mali) with the objective of accelerating the process ofobtaining the necessary production permit for gold mining at Nampala.
Financial Investments of the Board members and nomination of the
Verification Committee
Robexis very proud to reveal that members of the Board have invested, sinceOctober 2008, a total sum of more than $350 000 in share purchases, andhave done so without the attribution of share purchase warrants. TheBoard has also proceeded with the appointment of its VerificationCommittee which will be composed of three of the members, ClaudeGoulet, Rolland Veilleux and Adrien Pichette.
This release andthe information contained herein have been verified by Benoit MViolette, Geologist, VP Operations and a Qualified Person.
<< www.robexgold.com For the Board of Directors: RollandVeilleux, President of the Board of Directors >>
The TSX Venture Exchange cannot be held responsible for the contents of
the present press release.
SOURCE: Robex Resources Inc.