CORRECTION FROM SOURCE-Robex Resources Inc./Nampala: Deposit of the Technical Evaluation Report 43-101-Revised
QUEBEC CITY, QUEBEC -- (Marketwire) -- 09/11/12 -- This document corrects and replaces the press release that was sent today at 7:00 a.m ET. The columns "Million of Tons" and "Au g/t" were added to the table and a precision regarding the addition of categories was added below the table. The complete version follows:
Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) is pleased to have completed the update of the Nampala gold resource, which includes the reserve and the additional inferred resource of 261,000 ounces of gold announced in April 2012. A total of 60,000 meters of drilling has been conducted since 2005 to come to these results. The technical evaluation report, in accordance with the 43-101 regulation, is available on SEDAR or on the Robex website.
In summary, the Nampala gold mineralization system consists of:
-- An oxide reserve of 394,000 ounces
-- An underlying measured / indicated resource in the sulphides of 190,000
ounces
-- A underlying inferred resource in the sulphides of 766,000 ounces
-- A measured / indicated resource in the oxide of 175,000 ounces, not
considered in the calculation of the reserve
-- A inferred resource in the oxide of 49,000 ounces, not considered in the
calculation of the reserve
-- The southern extension with a inferred resource in the oxide of 261,000
ounces (South Zone)
-- Potential parallel mineralized zone, 300m to the east, with a length of
1.8 km (East Zone)
-- Potential mineralized zone 4.5 km south-west with a length of 1.2 km
(N'Golola Zone)
Nampala gold deposit - Reserve and resources survey
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Category Millions of Au (g/t) Au (Troy Ounces)
Tons
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Oxide Reserve 17.4 0.70 394,000
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Measured/Indicated 5.6 0.97 175,000
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Inferred 2.4 0.63 49,000
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Inferred (South 11 0.74 261,000
Extension)
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Sulfide Measured/Indicated 7.3 0.81 190,000
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Inferred 24.8 0.96 766,000
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Total Reserve + 759,000
Measured/Indicated
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Inferred 1,076,000
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NB: National securities law (NI 43-101/2.2(c)) restricts the addition of
inferred resources to other categories for disclosure.
A new calculation of the South Zone will be available in a short while to take into account the tightening of the drilling mesh to 100m x 100m in order to define an indicated resource. In addition, Robex is currently awaiting the results of 43 drill holes, totaling 3,682 meters, completed last spring in the East Zone of the deposit. In 2005, a drilling campaign totaling 22 holes over 2,463 meters on the same area gave very encouraging results, which were not included in the calculation (see press release dated March 5, 2012)
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.
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
418-527-5023
a.gagne@robexgold.com
Skype: andregagne11