Robex Resources Inc./Nampala: The North Extension of the Gold-Bearing Deposit is Confirmed With Concentrations Such as 2.16 g/t Over 5 Meters and 0.92 g/t Over 41 Meters
QUEBEC CITY, QUEBEC -- (Marketwire) -- 12/15/10 -- Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) is delighted to announce that the first results from the drilling campaign currently taking place at Nampala confirm the extension towards the north-east over more than 200 m with concentrations such as 2.16 g/t over 5 meters and 0.92 g/t over 41 meters. The oxidized gold-bearing zone, with a width of at least 200 meters, has a north-east trend with a moderate dip towards the north-west. This zone remains open towards the north and geologists are currently planning bores in order to assess the extent of this extension. Robex has completed around a third of the 70 planned bores needed to complete the calculation of the resources which will be incorporated into the feasibility study. Bumigeme, the well-respected Canadian engineering company, has been awarded the contract for performing this feasibility study whose purpose is to confirm the economic viability of an open-air mining operation using a 5,000 tons a day cyanide processing plant with an estimated annual output of 45,000 ounces of gold.
Andre Gagne, the CEO, commented: 'I'm very happy with the first results we've obtained as these allow Robex to increase its resource on Nampala. Furthermore, the possibility of extending the mineralized zone to the north-east is particularly encouraging news'.
Here is an overview of the values seen till now:
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Average
Bore number Range Length (m) grade (g/t)
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From (m) To (m)
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Mn2010ac014 28 37 9 0.99
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including 28 29 1 2.79
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including 36 37 1 2.23
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Mn2010ac011 10 19 9 0.86
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including 10 11 1 1.23
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including 14 15 1 1.42
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including 18 19 1 1.26
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Mn2010ac011 29 70 41 0.92
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including 29 41 12 1.85
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(i)including 29 34 5 2.16
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including 29 30 1 2.54
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(ii)including 31 32 1 3.25
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including 33 34 1 2.78
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including 45 46 1 2.04
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including 47 48 1 1.68
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including 49 50 1 1.21
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including 60 61 1 1.90
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including 63 64 1 1.35
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including 69 70 1 1.37
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Mn2010ac010 31 61 30 0.72
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including 31 46 15 1.11
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(i)including 31 32 1 1.40
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(i)including 36 37 1 1.43
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(i)including 37 38 1 3.06
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(i)including 39 40 1 2.15
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(i)including 45 46 1 1.69
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Mn2010ac006 47 48 1 0.99
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Mn2010ac005 6 7 1 1.35
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26 27 1 1.47
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Mn2010ac004 2 4 2 1.27
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6 7 1 1.36
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9 10 1 1.14
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14 17 3 1.17
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Mn2010ac003 24 25 1 1.02
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44 46 2 1.50
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49 51 2 1.13
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The technical content of this release as well as the results which are set out have been checked by Jacques Marchand, geological engineer and an independent qualified individual.
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 which 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.
Neither TSX Venture Exchange nor the regulatory service provider (as the term is defined in TSX Venture Exchange's policies) accept any liability of any kind as to the authenticity or accuracy of this release.
Contacts:
Robex Resources Inc. - Investor relations
Andre Gagne
President and Chief Executive Officer
418-527-5023
a.gagne@robexgold.com
Skype: andregagne1