QUEBEC CITY, QUEBEC--(Marketwire - March 10, 2011) - Robex Resources inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) announces an additional series of impressive drilling results stemming from its ongoing drilling campaign of the Nampala deposit. The latest results depict a grading among others of 3.45 g/t over 25 meters. This drilling campaign serves to define the north-east extension of the Nampala deposit on the Mininko permit, whereby these results will be included in the revised resource calculation. The Nampala deposit contains a resource of 290,000 oz indicated, 419,000 oz inferred on lens 100 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 following table summarises the latest drilling results obtained*:
Bore number | Range | Length (m) | Average grade (g/t) | ||
From (m) |
To (m) |
||||
Mn2011ac035 | 4 | 77 | 73 | 0.93 | |
including | 21 | 32 | 11 | 2.08 | |
Mn2011ac033 | 13 | 20 | 7 | 1.03 | |
Mn2011ac032 | 25 | 50 | 25 | 3.45 | |
including | 25 | 30 | 5 | 5.15 | |
including | 35 | 41 | 6 | 1.59 | |
including | 45 | 50 | 5 | 9.87 | |
Mn2011ac029 | 22 | 39 | 17 | 1.03 | |
including | 22 | 24 | 2 | 2.89 | |
including | 29 | 35 | 6 | 1.61 | |
Mn2011ac028 | 30 | 61 | 31 | 1.52 | |
including | 30 | 36 | 6 | 4.61 | |
Mn2011ac027 | 50 | 58 | 8 | 1.38 | |
Mn2011ac026 | 19 | 25 | 6 | 1.01 | |
including | 45 | 57 | 12 | 1.13 | |
Mn2011ac024 | 42 | 68 | 26 | 0.91 | |
including | 42 | 48 | 6 | 1.58 | |
Mn2011ac023 | 22 | 24 | 2 | 1.32 | |
Mn2011ac022 | 26 | 64 | 38 | 0.84 | |
including | 52 | 64 | 12 | 1.05 | |
Mn2011ac021 | 34 | 62 | 28 | 1.04 | |
including | 57 | 62 | 5 | 2.22 | |
Mn2011ac020 | 21 | 68 | 47 | 0.81 | |
including | 21 | 28 | 7 | 1.25 | |
including | 37 | 41 | 4 | 1.22 | |
Mn2011ac013 | 58 | 60 | 2 | 3.51 | |
Mn2011ac012 | 17 | 62 | 45 | 0.84 | |
including | 29 | 40 | 11 | 1.86 |
Furthermore, results previously obtained during a reverse circulation (RC) drilling campaign at N'Golola within the Mininko permit, located at 6 km South south-west of Nampala, indicates the possibility of another high potential zone within the Mininko permit.
Results collected during the drilling campaign of N'Golola (see press release dated 19 January 2006).
Bore number | Range | Length (m) | Average grade (g/t) | ||
From (m) |
To (m) |
||||
NRC 586 | 26 | 39 | 13 | 3.72 | |
81 | 84 | 3 | 1.13 | ||
NRC 608 | 59 | 64 | 5 | 1.14 | |
NRC 612 | 35 | 37 | 2 | 2.57 | |
NRC 613 | 97 | 106 | 9 | 3.95 | |
including | 97 | 100 | 3 | 4.18 | |
including | 103 | 106 | 3 | 7.61 |
Recalling that Bumigeme Inc., a Canadian company with a vast experience in the development of dressing procedures and mineral plants operation, has been awarded the contract for performing the Nampala project feasibility study whose purpose is to define the application modalities of an open-pit mining operation using a 5,000 tons a day cyanide processing plant. The engineering firm Met-Chem has been hired to develop the mine plan for this Feasibility study, as announced in the March 2nd, 2011 press release.
The required topographic surveying of the Nampala project, as well as the environmental and social impact studies have been completed. The draft reports are undergoing review for validation purposes. Also, the metallurgical tests, recently conducted on the ore, showed high recoveries and low reagent consumption (see press release of February 16, 2011).
*Samples were analysed by the ALS Mali sarl laboratory group following the FA / AA (fire assay / atomic absorption) method.
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.
Contact Information: Investor relations/information:
Andre Gagne
President and Chief Executive Officer
418-527-5023
a.gagne@robexgold.com
Skype: andregagne1