ROBEX RESOURCES INC.: launch of a new crusher and acquisition of the MININKO strategic permit
16 October 2019 - 11:30PM
Robex Resources Inc. ("Robex" and/or "the Company") (TSXV: RBX /
FWB: RB4) is pleased to disclose the following information:
Launch of the Mineral
Sizer:
A mineral sizer (mineral crusher calibration),
currently in a commissioning phase, has been added to the plant’s
ore feed. This crusher will allow the Nampala mine to meet several
objectives:
- The crusher will make it possible to limit the passage of large
rocks within the current grinding circuit. It will prevent
stoppages due to the chute being blocked, which is a significant
part of the unplanned stoppages currently happening at the plant.
This will increase the plant’s availability as well as its
performance.
- The crusher will also allow large pieces of quartz, generally
richer in content, to pass through, which will contribute to
improving the average grade of the ore processed at the plant.
- The crusher will also provide a better understanding of the
behaviour of rocks in the current process, allowing for the
opportunity to treat all or part of the so-called transition ore
that is currently not part of the reserves. This approach will test
the possibility of being able to exploit them with the current
process.
Renewal of the MININKO
permit
The MININKO permit has recently been renewed. It
is a strategic permit for the future of the Company. This renewal
follows two other renewals (Sanoula and Diagounté) announced on
September 13, 2019.
I. |
MININKO: On the road to discovering a new
deposit.Robex has just "renewed" the Mininko permit for 7 years in
southern Mali.The Mininko permit covers 46 km2 and is located in
the Sikasso region, 335 km from Bamako. This permit is attached to
the Nampala Gold Mine permit, which is particularly interesting. It
is its geological and mineralogical extension.The acquisition of
this permit is the result of very important explorations carried
out in 2018. |
In addition, and for the record:
II. |
SANOULA: Robex has just renewed the Sanoula
exploration permit for 7 years in western Mali.The Sanoula permit
covers 31.5 km2 and is located in the Kayes region, more precisely
in the Kéniéba circle. It is 450 km from Bamako. The geological
context of the Sanoula permit reminds us of both the context of the
Sadiola mine (carbonates) and the context of the Loulo mine
(tourmaline facies). Moreover, the presence on the Senegal-Malian
Accident permit, as in the case of Sadiola and Loulo and
particularly the presence of an S-shaped change of direction to
this structure, validates the potential of this permit.Sanoula has
several geological similarities with
Nampala.DIANGOUNTÉ:Robex has just obtained a
7-year exploration permit for Northern-Diangounté in western
Mali.The Diangounté permit covers 52.14 km2 and is located in the
Kayes region, precisely in the Kayes circle. It is 735 km from
Bamako.The proximity of this permit to the Sadiola and Yatela gold
mine, as well as the presence of the Senegal-Malian Fault and
Klöckner's Kakadian-Kérékoto Fault (1989), or the “Main
Transcurrent Zone” (MTZ), are major factors that are influencing
the potential of this permit.Diangounté is venous with 5 veins
having been identified within an 8 km pathway. |
All of this will represent significant
investments before reaching a situation where reserves are
exploitable as well as a "43-101"; these investments will be made
over time and for years to come.
Robex’s management team welcomes this great news
that rewards years of hard work. It is a testament to the
trust granted to Robex by Malian authorities.
For information:
Robex Resources Inc.Benjamin Cohen, CEOAugustin
Rousselet, CFO/COOHead office: (581) 741-7421
info@robexgold.com
This news release contains statements that may
be considered “forecast information” or “forecast statements” in
terms of security rights. These forecasts are subject to
uncertainties and risks, some of which are beyond the control of
Robex. Achievements and final results may differ significantly from
forecasts made implicitly or explicitly. These differences can be
attributed to many factors, including market volatility, the impact
of the exchange rate and interest rate fluctuations, mispricing,
the environment (hardening of regulations), unforeseen geological
situations, unfavourable operating conditions, political risks
inherent in mining in developing countries, changes in government
policies or regulations (laws and policies), an inability to obtain
necessary permits and approvals from government agencies, or any
other risk associated with mining and development. There can be no
assurance that the circumstances set out in these forecasts will
occur, or even benefit Robex, if any. The forecasts are based on
the estimates and opinions of the Robex management team at the time
of publication. Robex makes no commitment to make any updates or
changes to these publicly available forecasts based on new
information or events, or for any other reason, except as required
by applicable security laws. The TSX Venture Exchange or the
Regulation Services Provider (as defined in the policies of the TSX
Venture Exchange) assumes no responsibility for the authenticity or
accuracy of this news release.
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