Robex: Met-Chem Will Develop the Mine Plan for the Nampala Project in Mali
QUEBEC CITY, QUEBEC -- (Marketwire) -- 03/02/11 -- Robex Resources inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) announces today that it hired the engineering firm Met-Chem Canada inc. (Met-Chem) to develop the mine plan for the Feasibility of the Nampala project in Mali.
Met-Chem's mandate consists of defining the mineable reserve, developing an optimal open pit concept together with selection and cost estimates for equipment and moving of materials which are to be incorporated in the feasibility study. Met-Chem has conducted many projects of similar nature for base and precious metals.
The Nampala deposit contains a resource of 290,000 oz indicated, 419,000 oz inferred and 86,000 oz inferred on lens 200 and 300, for a total of 795,000 oz at levels ranging around 1,0 g/t (in accordance with the Canadian standard 43-101). The metallurgical tests, recently conducted on the ore, showed high recoveries and low reagent consumption (see press release of February 16, 2011). Robex is currently completing the drilling to 25 meters on center in the northern extension to increase the resource of the deposit. Of the 191 holes included in this campaign, only nine remain to be completed.
The main feasibility for the project is under the direction of Bumigeme, a renowned Canadian engineering firm, , with the objective of exploiting an open pit mine and milling-cyanide operation at a rate of 5000 tonnes per day.
About Met-Chem
Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.
The technical content of this release as well as the results which are set out have been checked by Jacques Marchand, P.Eng. P.Geo, 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:
Investor relations/information:
Andre Gagne
President and CEO
418-527-5023
a.gagne@robexgold.com
Skype: andregagne1