Robex Resources Inc./Nampala: Diamond Drilling Results Demonstrates the Mineralisation Potential at Depth
QUEBEC CITY, QUEBEC -- (Marketwire) -- 06/29/11 -- Resources Robex Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) announces the preliminary results of its diamond drilling campaign for depths up to approximately 300 meters. The diamond drilling results obtained for the first eight holes show results of 97 meters at 1.20 g/t (Mn2011dd003) and 54 meters at 0.91 g/t (Mn2011dd007).
The purpose of this latest diamond drilling campaign was to increase the deposit's inferred resource, as estimated in the Coffey Mining's report #43-101, as well as meeting the expectations of the financial institutions with which Robex is in negotiations concerning the financing of its potential mining infrastructures.
The results obtained during this drilling campaign of 5,000 meters will be added to those obtained during previous campaigns and will be included in the new resource calculation. It should be noted that a total of 57,561 meters have been drilled at Nampala so far.
The following table summarises the drilling results of the first eight diamond drillings obtained:
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Bore number Length (m) Average grade
Range (g/t)
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From To
(m) (m)
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Mn2011dd001 90 120 30 0.74
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Mn2011dd002 70 89 19 1.12
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Mn2011dd003 11 108 97 1.20
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Mn2011dd004 31 39 8 1.12
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Mn2011dd004 57 82 25 1.40
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Mn2011dd004 101 108 7 2.41
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Mn2011dd004 121 134 13 2.25
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Mn2011dd004 143 144 1 14.90
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Mn2011dd004 289 291 2 1.89
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Mn2011dd005 36 44 8 0.98
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Mn2011dd005 49 57 8 0.96
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Mn2011dd005 61 103 42 1.00
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Mn2011dd006 13 52 39 1.16
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Mn2011dd006 68 84 16 0.81
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Mn2011dd006 96 106 10 0.92
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Mn2011dd006 145 166 21 0.51
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Mn2011dd006 183 193 10 1.49
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Mn2011dd006 198 204 6 1.10
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Mn2011dd007 39 93 54 0.91
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Mn2011dd007 120 122 2 1.97
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Mn2011dd007 147 152 5 0.97
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Mn2011dd007 163 176 13 1.09
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Mn2011dd007 198 208 10 1.06
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Mn2011dd007 214 225 11 0.97
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Mn2011dd007 287 291 4 1.84
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Mn2011dd008 17 60 43 1.05
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Mn2011dd008 140 174 34 0.95
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Robex is the owner of:
-- The N'Golopene 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 77,926 oz in 2010);
-- 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 Golde 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 the company with significant flexibility and reduced costs in the realisation of drilling campaigns. Robex has also the benefit of its own experienced team of drill operators and geologist on the ground in Mali.
For more details on other license held by Robex, visit our web site at:
The technical content of this release as well as the 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 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) accepts any liability of any kind as to the authenticity or accuracy of this release.
Contacts:
Investor relations
Andre Gagne
President and Chief Executive Officer
418-527-5023
a.gagne@robexgold.com
Skype: andregagne11