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Robex Resources Inc.: Last Exploration Results from the South of Nampala Include 23 Meters at 1.11 g/t

Date : 10/12/2012 @ 6:00PM
Source : Marketwired
Stock : Robex Resources Inc. (RB4)
Quote : 0.169  0.0 (0.00%) @ 9:20AM
Robex Resources Inc. share price Chart

Robex Resources Inc.: Last Exploration Results from the South of Nampala Include 23 Meters at 1.11 g/t

Robex Resources Inc. (XE:A0B82Q)
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Robex Resources Inc. (TSX VENTURE:RBX)(FRANKFURT:RB4) is pleased to confirm that the drilling campaign carried out in the southern extension of the Nampala site, on the Mininko permit, are now completed and the results of the last nine holes are once again encouraging. These results have shown grades up to 12.30 g/t over one meter. The first set of results from this campaign included 32 drill holes with up to 1.32 g/t over 45 meters, including 10 meters at 3.32 g/t (see press release dated July 23, 2012).

The 2012 campaign total 12,000 meters and has as an objective to improve the quality of the resource in the southern part and investigate the Eastern zone parallel to Nampala. Moreover some of the drillings on the tailing and stockpile residue site have been completed.

Following the assay results, a new south zone resource calculation including this new data is currently underway .Also it was possible to confirm that the area defined for the tailing and stockpile was indeed sterile. As for drillings of the eastern extension, the results will be available in the first quarter of 2013.

Concerning the southern extension, 33 holes camping totaling 2819 meters was made in 2011, with a pattern of 200 x 100 meters, it revealed an additional presumed resource of 261,000 ounces at a grade of 0.74 g/t. In the current campaign, the infill drilling was tightened to 100 x 100 meters in the mineralized section, and 100 x 50 meters in the area adjacent to the pit.

Here is a compilation of the best results from the last 9 holes (full results on www.robexgold.com):

DDH Number                                                           Average
                        Interval          Lenght (m)  True width       (g/t)
                        From          To                                    
                         (m)         (m)                                    
Mn2012ac094               42          47           5         3.8        0.71
                          55          63           8         6.1        0.68
Mn2012ac095                4          32          28        21.4        1.03
       including          12          26          14        10.7        1.79
Mn2012ac096                3          48          45        34.5        0.58
       including           3          29          25        19.2        0.84
       Including          46          48           2         1.5        1.31
Mn2012ac098               45          67          22        16.9        0.47
       including          45          49           4         3.1        0.96
       including          63          67           4         3.1        1.08
Mn2012ac099               46          76          30        23.0        1.11
       including          46          57          11         8.4        1.43
       including          60          76          16        12.3        1.11
Mn2012ac100               16          24           8         6.1        0.87
                          50          52           2         1.5        1.75
Mn2012ac103               36          40           4         3.1        1.46

"The continuity and consistence of drill assay results on the Nampala project adds confidence and strengthen further the Feasibility completed in the fall of 2011" said Andre Gagne, President and CEO.

The geological information of this release as well as the assay results have been verified by Jacques Marchand, P.Eng. P.Geo, and an independent Qualified Person.

Analyses results are from the Groupe de Laboratoire ALS Mali SARL, Koulouba Sogonafing BP E2670, Bamako Mali' . Samples are analysed by Fire Assay on a 50g pulp with a finish in ppm for gold.

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, unfavorable 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.

Contacts: Investor relations Andre Gagne President and CEO 418-527-5023a.gagne@robexgold.com Skype: andregagne11

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