UPDATE – Robex Resources Inc.: Increase of 35% in Gold Sales for 2018 in Comparison to 2017
TSX VENTURE: RBX
QUEBEC CITY, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex” and/or “the Company”) (TSX-V: RBX / FWX: RB4) is pleased to announce a significant gain in its operation at the Nampala mine. In 2018, the Company sold a total of 47,142 gold ounces (1,466 kg) in comparison to a total of 34,801 gold ounces (1,082 kg) in 2017, for a 35% growth.
This achievement comes as a result of general improvements in operations at the plant: recoveries went up from 83.9% in 2017 to 85.6% in 2018 and the total tonnes processed at the plant went up to 1,795,590 tonnes in 2018 compared to 1,615,967 tonnes in 2017.
The production data presented has been validated by Antoine Berton, P.Eng., Ph.D., metallurgist from Soutex, a consulting firm in metallurgy and ore processing present at the Nampala site.
Progress of the 2018-2019 Exploration Campaign
Under the supervision of InnovExplo, the Company wishes to communicate the progress of the current exploration campaign on the Nampala exploitation permit and Mininko exploration permit adjacent at the Nampala permit. To date, the Company has completed 85.11% of its 54,688 meters drilling program and has already produced a total of 40,455 samples being analyzed:
- 80 RC drill holes, for 7,352.9 meters, completed at 100%;
- 42 DD drill holes, for 4,285.1 meters, completed at 100%;
- 327 planned drill holes of RAB, for 16,900 meters, completed at 66.05%; and
- 1,967 planned drill holes of Tariere (Auger drilling), for 24,588 meters, completed at 74.38%.
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 board of directors of Robex has approved the appointment of Mr. Benjamin Cohen to the position of CEO and Mr. Augustin Rousselet as COO and acting CFO until the recruitment of someone who will assume this function.
For information :
Robex Resources Inc.
Augustin Rousselet, COO and CFO
Head office: (581) 741-7421
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.