QUEBEC CITY, Oct. 18 /CNW Telbec/ - Robex Resources inc. (TSX-V:RBX / FWB: RB4) is pleased to announce that it is proceeding with the necessary tasks so as to initiate a feasibility study on the Nampala project by January 2011. Robex's CEO Mr. Andre Gagne and geological engineer Mr. Jacques Marchand have just returned from Mali after allocating various contracts aimed at achieving this goal. Robex is also presently assessing various options for the development of infrastructures which could support a mining operation processing 5000 tonnes per day via cyanidation to produce around 45000 ounces of gold per year.
Drilling campaign
As Mali's worst rainy season in 30 years has just come to an end, Robex is now getting ready for a 5000 to 6000 meter drilling campaign on Nampala. Around 71 reverse circulation holes will be drilled on the North-West extension of the oxide portion of zone 100, between sections 400 and 600. To date, approximately 75% of zone 100 has been drilled at 25 meter spacing as recommended by the 43-101 Coffey Mining report. An indicated resource of 244,000 Oz gold has so far been confirmed in this oxide portion of zone 100 at a grade of 1.05 gpt. This next drilling campaign will be carried out in the remaining 25 % area, also at 25 meter spacing, with the objective of increasing the indicated resources in zone 100 between the surface down to approximately 80 meters in the saprolite. Drill holes will be oriented east at angles of -50 and -70 degrees and sampling will be done at one-meter intervals. Quality control measures will include the insertion of duplicates, standards and sterile samples.
Hydrogeological and geophysics
The Breess firm, with office in Bamako, has recently completed hydrogeological studies and some geophysics work which indicated the best location area for the potential development and installation of mining infrastructures. These studies have also identified four main supply sources of water, two of which would supply the mining and processing facilities and the other two for the nearby villages of Djikoula and Nampala in the Sikasso region.
Environmental Studies
Two proposals have been received and are being revised by Robex. The ESDCO firm, which completed the initial environmental and social study in 2009, has submitted a proposal. BIDDEA, a specialized firm in sustainable development, environment and restoration, also submitted a proposal. A decision is forthcoming.
Topography
Univers TOPO has been selected to carry out the topographic study of the area and define the morphology of the gold zone at Nampala. Polygonal methods will be used to delimit the different zones within the belt of activities. Markers with steel posts are to be placed every 150 meters. Within the defined belt, topography details are marked every 20 meters. These details will also include markings for wells, roads, drill holes, trenches, etc. A computerized database will be produced for future use in the feasibility study. While using a Leica 1200 high-precision GPS, this topographical survey will be incorporated to the National bank of Coordinates of Mali.
Metallurgical Testwork
Metallurgical testwork, which to date has shown impressive gold recovery rates of almost 90%, is still ongoing at Lakefield SGS facilities in Ontario, Canada. Still under the supervision of engineering firm Bumigene, these additional tests are aimed at optimizing gold recovery rates, determining grind size and the degree of gold liberation in the plus 200 mesh (74 μ) fraction. These tests will also help in the optimization of cyanide and lime consumption in the hope of also reducing cyanidation time to 36 hours.
The technical content of this press release and the results contained within have been verified by Mr. Jacques Marchand, certified NI 43-101 engineer geologist in charge of resource calculations.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Robex Resources Inc. ("Robex"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause such differences, without limiting the generality of the following, include: volatility and sensitivity to market metal prices; impact of change in foreign currency exchange rates and interest rate; imprecision in reserves estimates; environmental risks including increased regulatory burdens; unexpected geological conditions; adverse mining conditions; political risks arising from operating in certain developing countries; changes in government regulations and policies, including laws and policies; failure to obtain necessary permits and approvals from government authorities; and other development and operating risks. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Robex will derive therefrom. Forward-looking information is based on the estimates and opinions of Robex's management at the time the information is released and Robex does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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For further information:
Investor relations / information:
André Gagné, President and CEO 418-527-5023 / [email protected] / Skype : andregagne1
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