QUEBEC CITY, QUEBEC -- (Marketwire) -- 07/23/12 --
Robex Resources Inc. (TSX VENTURE: RBX) (FRANKFURT: RB4) is pleased to confirm that the current drilling, conducted in the southern extension of the Nampala site, on the Mininko permit, show encouraging results, including grading of 1.32 g / t over 45 meters including 10 meters at 3.32 g/t.
These holes are part of an overall campaign of 12,000 meters which aims, to increase the quality of the resource in the south, to investigate in the East zone or a future resource calculation and confirm that the defined area for the tailing and stockpile does not contain valuable mineralisation.
To date, 3,682 meters of drilling in the East were conducted and analyzes are expected in the beginning of the fourth quarter. In addition, the 2,300 meters of drilling planned for the tailing and stockpile have been completed and has confirmed that the area was sterile.
Concerning the South extension, 33 holes totalling 2,819 meters, had been made in this area in 2011, a drilling pattern of 200 x 100 meters permitted to reveal a resource of 261,000 ounces at a grade of 0.74 g/t. In the current campaign, the grid was tightened to 100 x 100 meters in the mineralized section and at 100 x 50 meters in the north, adjacent to the pit. A total of 32 holes totalling 2,730 meters are now completed. Of the 3,195 samples collected, 1,949 have been treated. The remaining analyses are to be received during this quarter.
Here is a compilation of the best results (complete results on
www.robexgold.com):
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Interval
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from to Length Average
Survey Number (m) (m) (m) content (g/t)
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Mn2012ac072 53 62 9 0.96
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70 71 1 1.82
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Mn2012ac078 59 63 4 0.76
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Mn2012ac082 8 13 5 2.43
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Mn2012ac083 37 47 10 0.85
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56 63 7 0.54
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Mn2012ac084 4 6 2 0.67
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Mn2012ac086 3 12 9 2.35
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44 46 2 1.27
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Mn2012ac088 6 54 48 0.68
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including 6 17 11 1.02
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including 26 44 18 0.60
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including 49 54 5 1.88
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Mn2012ac092 38 40 2 1.63
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Mn2012ac093 7 52 45 1.33
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including 32 52 20 1.84
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including 40 50 10 3.32
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The remaining 3000 meters of drilling will be done after the rainy season, to complete the tightening of the drilling pattern of the South zone and begin the tightening of the drilling pattern in the East Zone.
"These results are very promising in the context of extending the period of operation of the Nampala mine" said Andre Gagne, President and CEO.
www.robexgold.com
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 / Information:
Andre Gagne
President and CEO
418-527-5023
a.gagne@robexgold.com
Skype: andregagne11
