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Robex Resources Inc./Nampala: More Than 6,000 Meters Still Awaiting Analysis

Mar 19 2013 12:00AM

Marketwire

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QUEBEC CITY, QUEBEC -- (Marketwire) -- 03/19/13 -- Robex Resources Inc. (TSX VENTURE: RBX)(FRANKFURT: RB4) confirms that there is currently 6,080 samples from drilling campaigns of 2012 left to analyze. Indeed, the ALS laboratory in which Robex confides their analysis had to close for a few months due to a work conflict that has just been settled. The activities have started up again but the accumulated delays must now be caught up. Moreover, Robex is currently setting up its own laboratory. It should be in operation within the coming weeks.

Of the 6,080 samples, 3,833 are from the southern extension and 2,247 from the eastern extension of the Nampala deposit. The 43 holes drilled in the East have narrowed the mesh from 200mx100m to 100mx100m.

South Extension

In the south zone, the drillings have strengthened the mesh from 100mx100m to 50mx50m. The results of this campaign, which ended in October 2012, will allow Robex to recalculate the southern extension in order to pass, if possible, from "Inferred" resources to "Measured / Indicated."

As a reminder, in the southern extension, the results going up to 12.30 g / t, revealed among others, assays of 1.32 g / t over 45 meters, including 10 meters at 3.32 g / t (see press release dated July 23, 2012) and had permitted to add 261,000 ounces to the "Inferred" category during the last calculation of resources (see press release dated September 11, 2012).

East Extension

Finally, regarding the East Zone, the results obtained in the 2005 campaign of 22 drill holes are already very encouraging (see press release dated March 5, 2012). Grades of 0.78 g / t over 64 meters including 5 meters at 2.24 g / t, 61 meters at 1.01 g / t, 61 meters at 0.74 g / t and 107 meters at 0.60g/t, make us very confident in the results of 2012. It is worth mentioning that none of the results of the eastern extension of the Nampala deposit have yet been taken into account in the calculation of resources.

We are looking forward to receive the results of the samples that are still pending and we are confident that these should increase the quantity and quality of the resource," says Andre Gagne, President and CEO.

Inauguration of the Robex laboratory in Nampala

The Robex laboratory, located in Nampala, is in the final installation phase. Andre Drouin, Chief Metallurgist and laboratory manager, is currently working on finalizing the commissioning of all the equipments needed for sample analysis. Also on-site is a technical representative of the Perkin Elmer firm for the calibration of the atomic absorption spectrometer, the main equipment for analysis of the contents. The first analyzes will be initiated next week. Of course, Robex will double check its analysis by certified laboratories, in its quality control program.

Delivery of the diamond drill and start of the drilling campaign at Wili-Wili

The drill acquired by Robex in February is currently on board the Great Morocco Voy ship and will arrive at the Dakar port around March 26th 2013. The campaign planned on our Wili-Wili property shall begin as scheduled in April and last until the beginning of the rainy season in July. The Wili-Wili camp has been upgraded, a drinking water well has been drilled and is functional, access and marking in anticipation of drilling are also all completed.

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
www.robexgold.com





Source: Marketwire


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