Robex Resources Inc.: Resource Update of Nampala South Zone
17 Marzo 2014 - 7:22AM
Marketwired
Robex Resources Inc.: Resource Update of Nampala South Zone
41% increase of the Indicated resource compared to the Inferred
resource
QUEBEC CITY, QUEBEC--(Marketwired - Mar 17, 2014) - Robex
Resources Inc. (TSX-VENTURE:RBX)(FRANKFURT:RB4) is able to present,
following the confirmation of the drilling results conducted in
2012-2013 on the expansion area of the main pit towards the south
(see news release from 24-09-2013), a recalculation of the oxide
resource. This calculation confirms a significant increase of 41%
of the Indicated resource compared to the Inferred resource.
The average depth of the drillings in the oxide layer of the
South Zone is 71 meters.
The new calculation now permits to observe a total of 108,400
ounces of Indicated resource compared to the 77,000 ounces in the
2013 calculation.
The following table shows the new oxide resource of the Nampala
South Zone:
Nampala South
Zone (extension of the main pit towards the South)
|
|
|
|
OXIDE (2014) |
OXIDE (2013) |
|
Cut-off (g/T Au) |
Tons (Mt) |
g/T |
Oz |
g/T |
Oz |
M+Ind Resource |
0.4 |
4.8 |
0.70 |
108,400 |
0.76 |
77,000 |
Inferred Resource |
0.4 |
2.97 |
0.62 |
59,500 |
0.76 |
95,000 |
The latest pictures of the progress of the construction of
Nampala are available by clicking on this link.
REMINDER OF THE RESOURCE OF NAMPALA
As a reminder, here are the summary tables of the whole resource
of Nampala besides the Zone the South exposed above:
Nampala's main
pit*
|
|
|
|
OXIDE |
SULFIDE |
|
Ton (Mt) |
g/T |
OZ |
Ton (Mt) |
g/T |
Oz |
P+P Reserve |
17.4 |
0.70 |
394,000 |
- |
- |
- |
M+Ind Resource |
5.6 |
0.97 |
175,000 |
7.3 |
0.81 |
190,000 |
Inferred Resource |
2.4 |
0.63 |
49,000 |
24.8 |
0.96 |
766,000 |
* Source: 43-101 Technical report 2102/09/04 Jacques Marchand
Ing. Geologist
The oxide P + P reserve is part of the feasibility study
completed in 2012.
Nampala East
Zone (300m east of the main pit)
|
|
|
OXIDE |
|
Cut-off (g/T Au) |
Ton (Mt) |
g/T |
Onces |
Inferred Resource |
0.5 |
9.7 |
0.72 |
251,000 |
The geological information in this press release has been
verified by Jacques Marchand, P.Eng. Geol. independent qualified
person for Robex.
Robex will continue its exploration program on the eastern part
during 2014-2015 and eventually incorporate its additional
resources in its mining plan in the longer term.
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, unfavourable 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.
The TSX Venture Exchange or its Regulation Services Provider
(as defined in the policies of the TSX Venture Exchange) accepts no
liability for the authenticity or accuracy of this
release.
Augustin RousseletChief Financial
Officerinfo@robexgold.com+1.581.741-7421
Robex Resources (TSXV:RBX)
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