Robex Resources has declared that the drill program, which is ongoing at the southern extension of the Nampala deposit on its 100% owned Mininko permit, has validated the presence of 261,000 oz of gold of additional inferred resource.
The Nampala deposit’s southern extension is located over a strip of oxidized zone, which is about 1.3 km, and remains exposed towards the south. Among 33 surveys, 19 were performed over a mesh intersected mineralization. The 261,000 oz of inferred resource with 0.74 g/t gold grading was assessed at 0.4 g/t gold cut-off grade. Fresh surveys will be performed on a 100x50 m mesh to find out the quality of the resource.
Under the terms of Regulation 43-101, the 261,000 oz of gold has raised the calculation performed in 2011. This regulation aided in formulating the Nampala feasibility study report. The calculation validated the occurrence of 815,872 inferred ounces, in addition to tonnage of 27.3 Mt at 0.93 g/t gold, and 713,065 measured indicated ounces, in addition to tonnage of 27.2 Mt at 0.82 g/t gold. The new results have increased the inferred resource to 1,076,872 oz.
Robex Resources’ President and CEO, André Gagné stated that the company is in a suitable position to expand its mill life. This is attributed to the oxidized zone, wherein 487,000 oz of gold at 0.4 g/t cut-off grade was intercepted, and also to the impending results of the drilling program towards the east. The company also intends to scale up the production from 5,000 to 10,000 t per day. This production increase will further develop the firm’s mining infrastructure for oxide ore treatment.