Robex (RBX.V) finds three gold areas in Mali
2004-07-08 09:47 ET - News Release
Mr. William Bird reports
ROBEX DEFINES 3 HIGH-PRIORITY MALI GOLD TARGETS
Robex Resources Inc.'s geological mapping and extensive pit and trench sampling, recently completed on its four new Mali gold properties, have defined three high-priority gold exploration target areas. These areas, the Bilali, MM-2 and MM-3, occur on the Kolomba concession, which was the focus of Robex's recent exploration campaign. The Bilali area contains a two-kilometre expanse of intense kaolinite-sericite alteration with anomalously gold-bearing quartz veins and stockworks. Local small-scale artisan mining activity is extensive. The MM-2 and MM-3 areas both contain large areas of anomalously gold-bearing disseminated and stockwork mineralization. MM-3 also has fault controlled, mineralized-matrix breccia. Reconnaissance exploration of the company's Dabiya West and Moussala concessions has located seven areas of anomalous gold; however, more work is necessary to understand their extent.
The monsoons have brought to a close the annual exploration season and Robex field teams have demobilized the camps at La Corne and Bilali. Over the next few weeks, the recently gathered data will be analyzed and plans constructed for a major fall drilling program, which will focus on the three new target areas and the Diangounte concession's La Corne gold project.
In other business, Robex announces that at its annual general meeting on June 23, 2004, all measures put forward by the company in its information circular were approved, including the approval by the independent shareholders of the material amendments to the company's stock option plan. These amendments updated the stock option plan pursuant to new TSX Venture Exchange policies and restated the plan to set at 7,725,000 the maximum number of common shares that may be issued under the stock option plan.
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