Robex exercises its option on Sanoula

    TSXV : RBX

    MONTREAL, Aug. 9 /CNW Telbec/ - Robex Resources Inc (TSX-V: RBX) is
pleased to announce that it has exercised its option to acquire a 51% interest
in the Sanoula property, West Mali, West Africa. Sanoula is located south of
the Yatela (reserve of 275Koz Au) and Sadiola (reserve of 1,7Moz Au) mines and
north of the Loulo mine (reserve of 7Moz Au), along the same Senegalo-Malian
shear zone. Drilling along this shear zone, within the Sanoula permit, yielded
promising gold results in mineralization typically found at the Loulo gold
    Robex had the right to acquire this 51% interest after having filled its
commitment to

    - make an initial cash payment of US $75,000 (2005);
    - spend US $725,000 in exploration work over a three-year period;
    - make a payment of US $100,000, half in cash and the other half by the
      issuing of 280 446 shares.

    The Company can acquire the remaining 49% interest until February 28,
2008, by doing a cash payment of US $ 240,000.

    Subject to the approval of regulatory authorities.


    Richard Savard, Geologist, President and CEO
    %SEDAR: 00003615EF

For further information:

For further information: Richard Savard, President and CEO, Montreal,
(514) 620-0850,; M-C Poitras, Director Communications,
Quebec, (418) 870-1482,; J. Stewart Robertson,
Director Business Development, Trenton, (613) 392-2646,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890