QUÉBEC, Nov. 12 /CNW Telbec/ - Robex Resources Inc. (TSXV: RBX) is pleased to announce that it has completed the preparatory phase of the drilling campaign planned for the Nampala gold deposit located on the Mininko permit, in the Republic of Mali. Robex is now preparing to commence its drilling campaign with the intent of increasing the quality of the resources contained within a portion of the Nampala deposit.
This past October, the engineering-consulting firm GENIVAR, of Quebec, reviewed and consequently assessed the three-dimensional resource block-model on the mineralisation of the Nampala deposit. Initially, the three-dimensional resource block-model was completed in the framework of the gold resource estimate (NI 43-101 compliant) by the Australian consultant firm RSG Global (now Coffey Mining) in 2007. The plan and section review by GENIVAR provided a better understanding of the anticipated gold distribution within the Nampala deposit. With the information available to date, the 200 and 300 lenses found in the central and western portion of the zone indicated that inferred resources are estimated to be at 15,000 ounces of gold for Lens 200 and 71,000 ounces of gold for the Lens 300. The concentration and distribution within these two bodies represents, at present, a marginal economical potential which will be further investigated at a later stage. However, according to the block-model, Lens 100 developed along the eastern flank of the Nampala zone is host to an inferred resource of 675,000 ounces of gold contained within 14,130 Mt of ore at an average grade of 0.93 g/t Au. These resources are located between the surface and the explored depth of 150 meters.
The current objective pursued by Robex aims at upgrading the gold resources outlined within the oxidised and altered layers, developed within Lens 100, between surface and vertical depth of 85 m. This portion of the Lens has the potential to contain 8,404 Mt of ore at an average grade of 0.95 g/t Au, for a presumed total of 256,000 ounces of gold. With the intent of enhancing the quality of this resource, Robex has undertaken a drilling campaign in reverse circulation (RC) with the purpose of achieving a drilling pattern of 25 m center. The results of this campaign should allow for a reclassification of part of the inferred resources into indicated and measured resources. The campaign will comprise between 7,500 and 8,500 meters of RC drilling distributed in 100 to 120 holes. The drilling will be executed by COREPRO, a drilling contractor based in Ouagadougou, Burkina Faso. The outcome of the results of the above drilling campaign and further related metallurgic tests will be decisive in order to determine the optimum extraction process for the gold contained within the oxidised layer of Lens 100. Concurrently, a cost analysis of an eventual mining operation will be undertaken.
The technical content of this press release has been review by Benoit M Violette, P.Geo and a qualified person in accordance with NI43-101 standards.
Nomination of Mr. JeanClaude Morel as Executive Vice-president
Robex is pleased to announce the nomination of Mr. Jean-Claude Morel as Executive Vice-president. Mr. Morel is a seasoned United Nations planning and operations manager with more than 12 years of overseas field experience, among which eight years were spent in Africa. Result based oriented manager; Mr. Morel is recognised as a pragmatic and analytical leader, he has been accredited throughout his career for having delivered strong decisive leadership and sound management in the most austere working environments amidst civil unrest and national reconstruction phases.
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For the Board of Directors:
Rolland Veilleux, President of the Board of Directors
SOURCE ROBEX RESOURCES INC.
For further information: For further information: Investor relations: André Gagné, CEO, (418) 527-3588, email@example.com