Robex confirms that the drilling campaign carried out in the southern extension of the Nampala site,
on the Mininko permit, are now completed and the results of the last nine holes
are once again encouraging. These results have shown grades up to 12.30 g/t over
one meter. The first set of results from this campaign included 32 drill holes
with up to 1.32 g/t over 45 meters, including 10 meters at 3.32 g/t (see press
release dated July 23, 2012).
The 2012 campaign total 12,000 meters and has as an objective to improve the
quality of the resource in the southern part and investigate the Eastern zone
parallel to Nampala. Moreover some of the drillings on the tailing and stockpile
residue site have been completed.
Following the assay results, a new south zone resource calculation including
this new data is currently underway .Also it was possible to confirm that the
area defined for the tailing and stockpile was indeed sterile. As for drillings
of the eastern extension, the results will be available in the first quarter of
2013.
Concerning the southern extension, 33 holes camping totaling 2819 meters was
made in 2011, with a pattern of 200 x 100 meters, it revealed an additional
presumed resource of 261,000 ounces at a grade of 0.74 g/t. In the current
campaign, the infill drilling was tightened to 100 x 100 meters in the
mineralized section, and 100 x 50 meters in the area adjacent to the pit.
Here is a compilation of the best results from the last 9 holes (full results on
www.robexgold.com):
----------------------------------------------------------------------------
DDH Number Average
Grading
Interval Lenght (m) True width (g/t)
------------------------
From To
(m) (m)
----------------------------------------------------------------------------
Mn2012ac094 42 47 5 3.8 0.71
----------------------------------------------------------------------------
55 63 8 6.1 0.68
----------------------------------------------------------------------------
Mn2012ac095 4 32 28 21.4 1.03
----------------------------------------------------------------------------
including 12 26 14 10.7 1.79
----------------------------------------------------------------------------
Mn2012ac096 3 48 45 34.5 0.58
----------------------------------------------------------------------------
including 3 29 25 19.2 0.84
------------------------------------------------------------
Including 46 48 2 1.5 1.31
----------------------------------------------------------------------------
Mn2012ac098 45 67 22 16.9 0.47
----------------------------------------------------------------------------
including 45 49 4 3.1 0.96
------------------------------------------------------------
including 63 67 4 3.1 1.08
----------------------------------------------------------------------------
Mn2012ac099 46 76 30 23.0 1.11
----------------------------------------------------------------------------
including 46 57 11 8.4 1.43
------------------------------------------------------------
including 60 76 16 12.3 1.11
----------------------------------------------------------------------------
Mn2012ac100 16 24 8 6.1 0.87
------------------------------------------------------------
50 52 2 1.5 1.75
----------------------------------------------------------------------------
Mn2012ac103 36 40 4 3.1 1.46
----------------------------------------------------------------------------
"The continuity and consistence of drill assay results on the Nampala project
adds confidence and strengthen further the Feasibility completed in the fall of
2011" said Andre Gagne, President and CEO.
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.
Analyses results are from the Groupe de Laboratoire ALS Mali SARL, Koulouba
Sogonafing BP E2670, Bamako Mali' . Samples are analysed by Fire Assay on a 50g
pulp with a finish in ppm for gold.
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.
All my posts, are only My Opinion
