Robex Resources Inc.: Last Exploration Results from the South of Nampala Include 23 Meters at 1.11 g/t
October 12 2012 - 8:30AM
Marketwired
Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to
confirm that the drilling campaign carried out in the southern
extension of the Nampala site, on the Mininko permit, are now
completed and the results of the last nine holes are once again
encouraging. These results have shown grades up to 12.30 g/t over
one meter. The first set of results from this campaign included 32
drill holes with up to 1.32 g/t over 45 meters, including 10 meters
at 3.32 g/t (see press release dated July 23, 2012).
The 2012 campaign total 12,000 meters and has as an objective to
improve the quality of the resource in the southern part and
investigate the Eastern zone parallel to Nampala. Moreover some of
the drillings on the tailing and stockpile residue site have been
completed.
Following the assay results, a new south zone resource
calculation including this new data is currently underway .Also it
was possible to confirm that the area defined for the tailing and
stockpile was indeed sterile. As for drillings of the eastern
extension, the results will be available in the first quarter of
2013.
Concerning the southern extension, 33 holes camping totaling
2819 meters was made in 2011, with a pattern of 200 x 100 meters,
it revealed an additional presumed resource of 261,000 ounces at a
grade of 0.74 g/t. In the current campaign, the infill drilling was
tightened to 100 x 100 meters in the mineralized section, and 100 x
50 meters in the area adjacent to the pit.
Here is a compilation of the best results from the last 9 holes
(full results on www.robexgold.com):
----------------------------------------------------------------------------
DDH Number Average
Grading
Interval Lenght (m) True width (g/t)
------------------------
From To
(m) (m)
----------------------------------------------------------------------------
Mn2012ac094 42 47 5 3.8 0.71
----------------------------------------------------------------------------
55 63 8 6.1 0.68
----------------------------------------------------------------------------
Mn2012ac095 4 32 28 21.4 1.03
----------------------------------------------------------------------------
including 12 26 14 10.7 1.79
----------------------------------------------------------------------------
Mn2012ac096 3 48 45 34.5 0.58
----------------------------------------------------------------------------
including 3 29 25 19.2 0.84
------------------------------------------------------------
Including 46 48 2 1.5 1.31
----------------------------------------------------------------------------
Mn2012ac098 45 67 22 16.9 0.47
----------------------------------------------------------------------------
including 45 49 4 3.1 0.96
------------------------------------------------------------
including 63 67 4 3.1 1.08
----------------------------------------------------------------------------
Mn2012ac099 46 76 30 23.0 1.11
----------------------------------------------------------------------------
including 46 57 11 8.4 1.43
------------------------------------------------------------
including 60 76 16 12.3 1.11
----------------------------------------------------------------------------
Mn2012ac100 16 24 8 6.1 0.87
------------------------------------------------------------
50 52 2 1.5 1.75
----------------------------------------------------------------------------
Mn2012ac103 36 40 4 3.1 1.46
----------------------------------------------------------------------------
"The continuity and consistence of drill assay results on the
Nampala project adds confidence and strengthen further the
Feasibility completed in the fall of 2011" said Andre Gagne,
President and CEO.
The geological information of this release as well as the assay
results have been verified by Jacques Marchand, P.Eng. P.Geo, and
an independent Qualified Person.
Analyses results are from the Groupe de Laboratoire ALS Mali
SARL, Koulouba Sogonafing BP E2670, Bamako Mali' . Samples are
analysed by Fire Assay on a 50g pulp with a finish in ppm for
gold.
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.
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.
Contacts: Investor relations Andre Gagne President and CEO
418-527-5023a.gagne@robexgold.com Skype: andregagne11
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