Robex plans 16,525 m of drilling at Nam­pala in 2017

Stockwatch Daily - - MINES & METALS - Mr. Ge­orges Co­hen re­ports

ROBEX RE­SOURCES Inc. has con­firmed a drilling plan of 16,525 me­tres for the year 2017, with the vast ma­jor­ity con­cen­trated around the main pit of the Nam­pala mine in Mali.

In early 2017, Robex agreed with the world-renowned firm In­novEx­plo. Over the past few weeks, it has car­ried out a ge­o­log­i­cal rein­ter­pre­ta­tion of the main pit of the Nam­pala mine. This step was cru­cial to un­der­stand­ing the min­er­al­iza­tion con­trols in or­der to prop­erly plan and im­ple­ment the drilling strat­egy.

The ob­jec­tives of drilling the 16,500 me­tres will be to test the ex­ten­sions of the min­er­al­ized zones of the Nam­pala pit, to con­firm and ex­tend the gold val­ues pre­vi­ously in­ter­sected in the neigh­bour­ing ar­eas to the pit, and to con­firm the pres­ence of min­eral re­sources that could en­ter di­rectly into the cur­rent mine plan to in­crease mine life.

The plan pro­posed by In­novEx­plo con­sists of 4,750 me­tres of core drilling and 11,775 me­tres of re­verse cir­cu­la­tion (RC) drilling. The drillings will be­gin once the rainy sea­son is over, around Oct. 1, 2017, and will take place in the last quar­ter of 2017.

The drilling cam­paign will test five dif­fer­ent tar­gets:

• In the im­me­di­ate ex­ten­sions to the south and west of the main pit in or­der to con­firm the ex­ten­sion of the known min­er­al­ized zones;

• In the pit in op­er­a­tion to de­limit and test the ho­mo­gene­ity of eco­nomic zones;

• To the east and on the ex­ten­sion of the min­er­al­ized cor­ri­dor to the south in or­der to iden­tify ar­eas po­ten­tially ca­pa­ble of in­creas­ing the re­sources of the op­er­at­ing area.

As a re­sult of this work, Robex will be able to have a bet­ter quan­ti­ta­tive and qual­i­ta­tive un­der­stand­ing of the min­er­al­iza­tion sys­tem con­tained and sur­round­ing the cur­rent pit. All the work re­lated to the devel­op­ment and main­te­nance of the drilling cam­paign as well as the char­ac­ter­i­za­tion of the min­eral re­sources will be done un­der the su­per­vi­sion of In­novEx­plo. The lat­ter will man­age the in­te­gra­tion of the new in­for­ma­tion with the cur­rent data­base with the ul­ti­mate aim of de­vel­op­ing a new min­eral re­source es­ti­mate as well as the prepa­ra­tion of an up­dated tech­ni­cal re­port com­ply­ing with the stan­dards of reg­u­la­tion Na­tional In­stru­ment 43-101.

Robex in­tends to ex­tend its prospect­ing ef­fort over the next few years on the over­all ex­plo­ration of the Mininko per­mit, where the Nam­pala mine is lo­cated.

The ge­o­log­i­cal in­for­ma­tion con­tained in this press re­lease has been val idated by Fran­cois Kerr-Gille­spie, Geo, MSc, of In­novEx­plo, a qual­i­fied per­son within the mean­ing of Na­tional In­stru­ment 43-101 re­spon­si­ble for the ex­plo­ration on the Nam­pala site in Mali.

An­nual gen­eral share­hold­ers meet­ing

Robex held its an­nual gen­eral share­hold­ers meet­ing on June 15, 2017, in Que­bec City. At this meet­ing, the fol­low­ing di­rec­tors were re-elected for a one-year term: Ge­orges Co­hen, Richard Faucher, Julien Co­hen, Michel Doyon, Claude Goulet, Chris­tian Marti and Ben­jamin Co­hen.

Ge­orges Co­hen and Richard Faucher were elected by the di­rec­tors of the com­pany re­spec­tively as pres­i­dent and vice-pres­i­dent of the board of di­rec­tors. In ad­di­tion, the fol­low­ing di­rec­tors were re-elected as mem­bers of the com­pany’s au­dit com­mit­tee for a one-year term: Julien Co­hen, Mr. Doyon and Mr. Goulet.

Robex share­hold­ers also voted in favour of the ap­point­ment of Price­wa­ter­house­Coop­ers LLP/srl/sen­crl, which will be re­spon­si­ble for the au­dit of the com­pany’s fi­nan­cial state­ments for the year ended Dec. 31, 2017.

We seek Safe Har­bor.

Ben­jamin Co­hen, Ge­orges Co­hen, Julien Co­hen, Michel Doyon, Richard Regis Faucher, Claude Goulet, Chris­tian A Marti

(RBX) Shares: 579,509,566

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