QUÉBEC CITY, Dec. 10, 2018 (GLOBE NEWSWIRE) — Robex Resources Inc. (« Robex » and/or « the Company ») (TSXV : RBX / FWB : RB4) is pleased to provide drilling results from the ongoing drill definition and exploration program at its 100% owned Nampala gold project located in the Sikasso administrative region of the Republic of Mali. The 20,000 meters drill program commenced in September 2018. The program is currently focused on infill drilling within the Nampala open pit and resource area and on exploration drilling on the adjacent Mininko exploration permit.
The Company is reporting assay results from 57 drill holes (totaling 5,392 metres): 13 diamond drill holes (totaling 1,272 meters) and 44 RC holes (totaling 4,120 meters). The program is still ongoing and other results will be reported once the results are received, validated and compiled.
In this release, significant assay results from 43 intercepts in 23 drill holes are reported herein are provided in Table 1 below and include the following highlights:
(A drill hole plan map is attached to this news release)
NAMPALA DRILLING RESULTS HIGHLIGHTS
East Zone:
Significant results were obtained along the East Zone confirming the potential of that area located about 250m east of the current mining operation.
• “RC hole NAM2018RC-103: 40.0 meters grading 1.83 g/t Au, including 10.0 meters grading 4.28 g/t Au”
• “RC hole NAM2018RC-112: 75.0 meters grading 0.66 g/t Au”
• “RC hole NAM2018RC-110: 30.0 meters grading 1.17 g/t Au, including 4.0 meters grading 5.27 g/t Au”
• “RC hole NAM2018RC-101: 32.0 meters grading 0.97 g/t Au, including 10.0 meters grading 1.77 g/t Au”
South Zone:
Confirmation of gold mineralization 500m to 1,000m south of the current mining operation in the South Zone.
• “RC hole NAM2018RC-115: 69.0 meters grading 0.34 g/t Au”
West Zone:
Confirmation of gold mineralization within 100m to 250m west of the current mining operation in the West Zone.
• “RC hole NAM2018RC-087: 46.0 meters grading 0.40 g/t Au”
New drilling results were either confirming or extending gold mineralization in all Nampala’s mineralized zones. All significant gold results are coming from saprolites (oxides) and/or transition zone (sap-rock), with the exception of only one interval (NAM2018RC-085-DD) hosted in fresh hard rock.
Mr. Augustin Rousselet, COO of Robex, declares: “These first drillings demonstrate the significant potential of the eastern zone, which parallels the Nampala deposition with very good grades. The southern extension, and in particular the West Zone, confirms the potential of additions to our existing resources when the campaign is over. Our goal is to expand our resource base in the hope of future expansion of our operations.”
Table 1 – Nampala Significant Results – 2018-2019 Drilling Program
| Hole Number | Hole type |
From (m) | To (m) | Interval (m) core length |
Au (g/t) uncut |
| West Zone | |||||
| NAM2018DD-017 | DD | 53.2 | 68.4 | 15.2 | 0.72 |
| including | 53.2 | 56.0 | 2.8 | 2.54 | |
| 75.5 | 91.5 | 16.0 | 0.62 | ||
| NAM2018RC-085 | RC | 43.0 | 68.0 | 25.0 | 0.59 |
| 58.0 | 62.0 | 4.0 | 1.65 | ||
| 83.0 | 91.0 | 8.0 | 1.43 | ||
| 96.0 | 114.0 | 18.0 | 0.31 | ||
| NAM2018RC-085-DD | DD | 123.6 | 140.6 | 17.0 | 0.46 |
| NAM2018RC-087 | RC | 0.0 | 46.0 | 46.0 | 0.40 |
| 71.0 | 80.0 | 9.0 | 0.67 | ||
| NAM2018RC-088 | RC | 4.0 | 46.0 | 42.0 | 0.29 |
| 65.0 | 82.0 | 17.0 | 0.42 | ||
| NAM2018RC-089 | RC | 12.0 | 17.0 | 5.0 | 0.47 |
| 31.0 | 36.0 | 5.0 | 0.51 | ||
| 49.0 | 55.0 | 6.0 | 0.50 | ||
| 61.0 | 88.0 | 27.0 | 0.56 | ||
| 91.0 | 108.0 | 17.0 | 0.46 | ||
| 114.0 | 120.0 | 6.0 | 0.43 | ||
| NAM2018RC-092 | RC | 0.0 | 25.0 | 25.0 | 0.33 |
| East zone | |||||
| NAM2018RC-101 | RC | 53.0 | 85.0 | 32.0 | 0.97 |
| including | 56.0 | 66.0 | 10.0 | 1.77 | |
| NAM2018RC-103 | RC | 11.0 | 28.0 | 17.0 | 0.39 |
| 44.0 | 84.0 | 40.0 | 1.83 | ||
| including | 74.0 | 84.0 | 10.0 | 4.28 | |
| NAM2018RC-104 | RC | 25.0 | 44.0 | 19.0 | 0.56 |
| including | 30.0 | 38.0 | 8.0 | 1.03 | |
| NAM2018RC-106 | RC | 27.0 | 56.0 | 29.0 | 0.35 |
| NAM2018RC-107 | RC | 42.0 | 80.0 | 38.0 | 0.25 |
| NAM2018RC-109 | RC | 50.0 | 68.0 | 18.0 | 0.40 |
| NAM2018RC-110 | RC | 0.0 | 23.0 | 23.0 | 0.60 |
| 48.0 | 78.0 | 30.0 | 1.17 | ||
| including | 61.0 | 65.0 | 4.0 | 5.27 | |
| NAM2018RC-112 | RC | 4.0 | 79.0 | 75.0 | 0.66 |
| Intrusion Zone | |||||
| NAM2018RC-083 | RC | 0.0 | 50.0 | 50.0 | 0.24 |
| NAM2018RC-084 | RC | 4.0 | 51.0 | 47.0 | 0.34 |
| 62.0 | 81.0 | 19.0 | 0.19 | ||
| 85.0 | 95.0 | 10.0 | 0.37 | ||
| Main Zone | |||||
| NAM2018DD-024 | DD | 4.5 | 19.0 | 14.5 | 0.30 |
| 37.5 | 50.0 | 12.5 | 0.48 | ||
| 57.0 | 70.5 | 13.5 | 0.40 | ||
| NAM2018DD-025 | DD | 0.0 | 31.5 | 31.5 | 0.40 |
| NAM2018RC-095 | RC | 0.0 | 54.0 | 54.0 | 0.26 |
| South Zone | |||||
| NAM2018DD-027 | DD | 8.9 | 25.5 | 16.6 | 0.17 |
| 32.7 | 38.4 | 5.7 | 0.60 | ||
| 45.4 | 51.2 | 5.8 | 0.30 | ||
| 76.3 | 81.3 | 5.0 | 0.40 | ||
| NAM2018RC-115 | RC | 11.0 | 80.0 | 69.0 | 0.34 |
| NAM2018RC-119 | RC | 4.0 | 31.0 | 27.0 | 0.57 |
| 43.0 | 47.0 | 4.0 | 0.82 | ||
NOTE: Gold grades (g/t Au) are expressed uncut and over core length. In most cases, core length is reflecting the vertical extension of the mineralized zones and do not directly reflecting true width of the zones. Values were rounded at 1 decimal point for the length and at 2 decimals point for the assay results.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/292c5176-6c27-47e8-b236-c667e840ec80
TECHNICAL INFORMATION AND QUALITY CONTROL NOTES
The drilling results contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
The “Qualified Person” responsible for the supervision of the preparation and review of this information is Alain Carrier, M.Sc., P.Geo., from InnovExplo. Mr. Carrier is considered a “Qualified and Independent Person” for the purposes of National Instrument 43-101 with respect to the technical information being reported on. The technical information has been included herein with the consent and prior review of the above noted Qualified Person. The Qualified person has verified the data disclosed, and data underlying the information or opinions contained herein.
Robex’s exploration and drilling programs are completed under InnovExplo “Qualified Persons” supervision with direct onsite involvement of Eric Kinnan, P.Geo. and Sylvain Lapointe, M.Sc., P.Geo.. The work programs are conducted under strict quality assurance – quality control (QA-QC) protocols including mineralized standards, blanks and field duplicates. Half of all sampled core (DDH) and sample witness (RC) are retained for future reference, and assaying is performed by SGS Minerals laboratories.
For information :
Robex Resources Inc.
Augustin Rousselet, CFOO
Guillaume Emond, CPA, CMA, VP Admin
Head office : (581) 741-7421
info@robexgold.com
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’s 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.