Robex Resources Inc./Nampala: The Mineralisation Potential Continues to Depths Beyond 300 Meters
Jul. 28, 2011 (Marketwire Canada) --
QUEBEC CITY, QUEBEC --Resources Robex Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4)is pleased to announce a new series of results of its diamond drillingcampaign which confirms the mineralisation potential at depths beyond300 meters while remaining open towards the South. The latest resultshave revealed grades such as 1.01 g/t over 41 meters including 1.54 g/tover 12 meters (Mn2011dd016), 1.06 g/t over 23 meters (Mn2011dd009) and1.32 g/t over 17.5 meters (Mn2011dd015). These are partial results frombore holes 9, 10, 15 and 16.
"I am very pleased with these latest results,particularly the fact that the mineralisation remains open along striketowards the South which could potentially increase considerably theresource within the oxide zone of the site" declared André Gagné,President and CEO of Robex.
The purpose of this latest diamond drilling campaignwas to increase the deposit's inferred resource, as estimated in theCoffey Mining's report #43-101, as well as meeting the expectations ofthe financial institutions with which Robex is in negotiationsconcerning the financing of its potential mining infrastructures.
The results obtained during this drilling campaign of5,000 meters, which is now completed, will be added to those obtainedduring previous campaigns and will be included in the new resourcecalculation. It should be noted that a total of 57,561 meters have beendrilled at Nampala so far.
The following table summarises the latest diamond drillings results obtained:
| Bore number |
Range |
Length (m) |
Average
grade (g/t) |
From
(m) |
To
(m) |
| Mn2011dd009 |
278 |
301 |
23 |
1.06 |
|
including |
278 |
289 |
11 |
1.55 |
| Mn2011dd009 |
331 |
338 |
7 |
1.84 |
| Mn2011dd010 |
202 |
206 |
4 |
1.92 |
| Mn2011dd015 |
28.5 |
46 |
17.5 |
1.32 |
|
including |
28.5 |
42 |
13.5 |
1.74 |
| Mn2011dd015 |
112 |
127 |
8 |
0.86 |
| Mn2011dd016 |
164 |
205 |
41 |
1.01 |
|
Including |
164 |
173 |
9 |
1.11 |
|
Including |
179 |
185 |
6 |
1.62 |
|
including |
193 |
205 |
12 |
1.54 |
| Mn2011dd016 |
217 |
221 |
4 |
1.69 |
| Mn2011dd016 |
235 |
239 |
4 |
2.90 |
| Mn2011dd016 |
314 |
317 |
3 |
1.99 |
| Mn2011dd017 |
43 |
48 |
5 |
1.53 |
| Mn2011dd017 |
54 |
55 |
2 |
3.51 |
| Mn2011dd017 |
110 |
112 |
2 |
3.95 |
| Mn2011dd017 |
181 |
183 |
2 |
2.32 |
| Mn2011dd017 |
210 |
212 |
2 |
1.68 |
| Mn2011dd017 |
340 |
341 |
1 |
3.16 |
| Mn2011dd018 |
20 |
27 |
7 |
2.48 |
| Mn2011dd018 |
140 |
141 |
1 |
2.52 |
| Mn2011dd018 |
223 |
224 |
1 |
1.87 |
| Mn2011dd018 |
278 |
283 |
5 |
0.93 |
| Mn2011dd019 |
17 |
21 |
4 |
0.75 |
The following table summarises the drilling resultsof the first eight diamond drillings (refer to press release dated 29June 2011):
| Bore number |
Range |
Length (m) |
Average
grade (g/t) |
From
(m) |
To
(m) |
| Mn2011dd001 |
90 |
120 |
30 |
0.74 |
| Mn2011dd002 |
70 |
89 |
19 |
1.12 |
| Mn2011dd003 |
11 |
108 |
97 |
1.20 |
| Mn2011dd004 |
31 |
39 |
8 |
1.12 |
| Mn2011dd004 |
57 |
82 |
25 |
1.40 |
| Mn2011dd004 |
101 |
108 |
7 |
2.41 |
| Mn2011dd004 |
121 |
134 |
13 |
2.25 |
| Mn2011dd004 |
143 |
144 |
1 |
14.90 |
| Mn2011dd004 |
289 |
291 |
2 |
1.89 |
| Mn2011dd005 |
36 |
44 |
8 |
0.98 |
| Mn2011dd005 |
49 |
57 |
8 |
0.96 |
| Mn2011dd005 |
61 |
103 |
42 |
1.00 |
| Mn2011dd006 |
13 |
52 |
39 |
1.16 |
| Mn2011dd006 |
68 |
84 |
16 |
0.81 |
| Mn2011dd006 |
96 |
106 |
10 |
0.92 |
| Mn2011dd006 |
145 |
166 |
21 |
0.51 |
| Mn2011dd006 |
183 |
193 |
10 |
1.49 |
| Mn2011dd006 |
198 |
204 |
6 |
1.10 |
| Mn2011dd007 |
39 |
93 |
54 |
0.91 |
| Mn2011dd007 |
120 |
122 |
2 |
1.97 |
| Mn2011dd007 |
147 |
152 |
5 |
0.97 |
| Mn2011dd007 |
163 |
176 |
13 |
1.09 |
| Mn2011dd007 |
198 |
208 |
10 |
1.06 |
| Mn2011dd007 |
214 |
225 |
11 |
0.97 |
| Mn2011dd007 |
287 |
291 |
4 |
1.84 |
| Mn2011dd008 |
17 |
60 |
43 |
1.05 |
| Mn2011dd008 |
140 |
174 |
34 |
0.95 |
Robex is the owner of:
- The N'Golopène license, located in the extension of the gold anomaly of the Syama mine (a producing mine of Resolute Mining Ltd. with a resource of more than 6 M oz gold and a production of 85,362 oz in 2011);
- The Nampala license, where a feasibility study is in progress with the objective of defining a potential exploitation for an open pit and milling facilities with cyanidation for 5,000 tpd;
- The Wili-Wili and Wili-Wili West license which is characterized by a strong geochem gold anomaly over 2.8 km by 0.6 km, and adjacent to Iamgold's and Merex' Siribaya project;
- The Sanoula license which is surrounded by Golden Rim with whom preliminary discussions have been held for a potential JV, and
- The Kolomba license which delivered interesting results in a previous campaign and which is presently occupied by small miners.
Robex also owns two RC drills which provides thecompany with significant flexibility and reduced costs in therealisation of drilling campaigns. Robex has also the benefit of its ownexperienced team of drill operators and geologist on the ground inMali.
For more details on other license held by Robex, visit our web site at: www.robexgold.com
The technical content of this release as well asthe results which are set out have been checked by Jacques Marchand,Eng. Geo, geological engineer and an independent qualified individual.
This press release contains statements that mayconstitute "forward-looking information" or "forward-looking statements"as set out within the context of security law. This forward-lookinginformation is subject to many risks and uncertainties, some of whichare beyond Robex Inc.'s ("Robex") control. The actual results orconclusions may differ considerably from those which have been set out,or intimated, in this forward-looking information. There are manyfactors which may cause such disparity, especially the instability ofmetal market prices, the results of fluctuations in foreign currencyexchange rates or in interest rates, poorly estimated reserves,environmental risks (stricter regulations), unforeseen geologicalsituations, unfavorable extraction conditions, political risks broughton by mining in developing countries, regulatory and governmental policychanges (laws and policies), failure to obtain the requisite permitsand approvals from government bodies, or any other risk relating tomining and development. There is no guarantee that the circumstancesanticipated in this forward-looking information will occur, or if theydo occur, how they will benefit Robex. The forward-looking informationis based on the estimates and opinions of Robex's management at the timeof the publication of the information and Robex does not assume anyobligation to make public updates or modifications to any of theforward-looking statements, whether as a result of new information,future events, or any other cause, except if it is required bysecurities laws.
Neither TSX Venture Exchange nor the regulatoryservice provider (as the term is defined in TSX Venture Exchange'spolicies) accepts any liability of any kind as to the authenticity oraccuracy of this release.