Robex Resources Inc. Announces the First Encouraging Results of the 2020 Exploration Program.

 

QUEBEC CITY, May 22, 2020 (GLOBE NEWSWIRE) -- Robex Resources Inc. (“Robex” or “the Company”) (TSXV: RBX/FWB: RB4) is pleased to report initial encouraging results from the 2020 exploration program.

The 2020 exploration programme began with areas around the main Nampala pit. The exploration system was set up on February 5 in the E2 zone with a first drill, followed by the addition of a second drill on February 14 and a third drill on March 20.

Management’s decision to completely confine the Nampala site given the COVID situation has slowed down this pace, which has implied temporarily keeping only one drill operational; this was done to limit the number of people on site.

Given that this situation is exceptional and temporary, we plan to make up for the delay by commissioning not 3, but 4 drills as soon as confinement is shortly lifted.

This being said, the first interim results of the new 2020 exploration program in Nampala (Mali) provide promising information.

Two areas are currently being operated:

1) Zone ZE1: This definition campaign was started from the north, where the expected mineralization was well intercepted and will permit us to link the north-south zones and plan the opening of a new pit. The drilling density carried out is sufficient to eventually confirm additional resources.

2) Zone ZE2: This zone was drilled to confirm the absence of mineralization (condemnation) and thus permitting this surface to be used to store tailings and considerably reducing the distance covered by the trucks used for mining the extension to the south of the main Nampala pit and mining this new pit.

The other 6 zones are also part of the 2020 prospecting plan.

Based on the laboratory analyses received, significant intersections have already been found in RC drilling:

• 2.34 g/t Au over 10 m
• 2.25 g/t Au over 7 m
• 2.16 g/t Au over 7 m
• 2.10 g/t Au over 7 m
• 2.17 g/t Au over 3 m

Figure 1 Map of the different zones around the main Nampala pit: https://www.globenewswire.com/NewsRoom/AttachmentNg/762b3c72-06c6-4b6b-8c2f-5cbab927ed49 

The following two illustrations highlight the work done to define Zone ZE1, comparing the zone as known before and after these initial results.

https://www.globenewswire.com/NewsRoom/AttachmentNg/3b1e1a10-9cb4-4f90-8784-631fcb9eace8                                             

Legend:
In red, the Au contour is greater than or equal to 0.30 g/t.
In yellow, the drilled holes are pending results.

Interval table

Intervals of Au >= 0.30 g/t with a true thickness >= 2 metres, which may include 3 metres of waste rock averaging 85% of the length of the intervals.

The quality control program (QA/QC) is rigorously monitored and verified after the receipt of each result with a minimum of 10% Whites, Standards and Duplicates.

RC hole type signifies Reverse Circulation.

Name of Hole	From	To	Grade  (g/t Au)	Length (in m)	True Width (in m)	Type	Zone	Date	Drilled meters	Az	Dip
NAM2020RC-317	17	47	1.65	30	26.0	RC	E1	20200308	90	110	-50
NAM2020RC-304	1	24	1.69	23	19.9	RC	E1	20200217	84	110	-50
NAM2020AC-353	15	36	1.42	21	17.9	RC	E1	20200326	97	110	-50
NAM2020AC-372	24	48	1.09	24	20.7	RC	E1	20200409	90	110	-50
NAM2020AC-356	0	23	1.04	23	19.9	RC	E1	20200328	85	110	-50
NAM2020AC-380	49	62	1.75	13	11.3	RC	E1	20200415	90	110	-50
NAM2020RC-324	74	84	2.34	10	8.2	RC	E1	20200316	108	110	-50
NAM2020RC-315	47	67	0.92	20	17.0	RC	E1	20200305	84	110	-50
NAM2020AC-1247	3	14	1.52	11	9.5	RC	E1	20200324	95	110	-50
NAM2020AC-352	26	33	2.31	7	6.1	RC	E1	20200326	101	110	-50
NAM2020RC-305	2	9	2.25	7	6.1	RC	E1	20200218	108	110	-50
NAM2020RC-316	54	76	0.69	22	19.0	RC	E1	20200308	90	110	-50
NAM2020AC-1246	6	13	2.16	7	6.0	RC	E1	20200324	107	110	-50
NAM2020AC-356	33	40	2.10	7	6.0	RC	E1	20200328	85	110	-50
NAM2020AC-372	58	72	0.99	14	12.1	RC	E1	20200409	90	110	-50
NAM2020RC-341	50	58	1.70	8	6.8	RC	E1	20200328	90	110	-50
NAM2020RC-322	46	56	1.31	10	8.4	RC	E1	20200314	90	110	-50
NAM2020AC-375	40	53	0.98	13	11.1	RC	E1	20200413	90	110	-50
NAM2020RC-318	28	35	1.64	7	6.0	RC	E1	20200309	90	110	-50
NAM2020RC-311	50	62	0.87	12	10.2	RC	E1	20200229	69	110	-50
NAM2020AC-357	62	68	1.69	6	5.2	RC	E1	20200328	76	110	-50
NAM2020RC-306	12	23	0.92	11	9.5	RC	E1	20200219	90	110	-50
NAM2020AC-382	41	54	0.78	13	11.0	RC	E1	20200416	69	110	-50
NAM2020RC-319	44	51	1.43	7	6.0	RC	E1	20200311	90	110	-50
NAM2020AC-394	66	77	0.94	11	9.1	RC	E1	20200424	90	110	-50
NAM2020RC-340	75	84	1.02	9	7.7	RC	E1	20200327	84	110	-50
NAM2020AC-1250	1	13	0.70	12	10.4	RC	E1	20200325	107	110	-50
NAM2020AC-388	52	60	1.04	8	6.8	RC	E1	20200421	71	110	-50
NAM2020RC-301	15	24	0.92	9	7.6	RC	E1	20200214	80	110	-50
NAM2020RC-312	29	34	1.66	5	4.2	RC	E1	20200302	90	110	-50
NAM2020RC-351	25	30	1.63	5	4.2	RC	E1	20200323	90	110	-50
NAM2020AC-392	50	59	0.89	9	7.6	RC	E1	20200422	84	110	-50
NAM2020AC-372	82	90	0.95	8	7.0	RC	E1	20200409	90	110	-50
NAM2020AC-348	24	30	1.27	6	5.2	RC	E1	20200401	77	110	-50
NAM2020RC-306	33	41	0.95	8	6.9	RC	E1	20200219	90	110	-50
NAM2020AC-360	52	60	0.96	8	6.8	RC	E1	20200403	77	110	-50
NAM2020AC-391	57	61	1.87	4	3.4	RC	E1	20200422	81	110	-50
NAM2020AC-380	25	32	1.05	7	6.1	RC	E1	20200415	90	110	-50
NAM2020AC-358	41	48	1.06	7	6.0	RC	E1	20200402	90	110	-50
NAM2020RC-303	53	61	0.93	8	6.8	RC	E1	20200217	78	110	-50
NAM2020AC-367	29	35	1.23	6	5.1	RC	E1	20200407	78	110	-50
NAM2020RC-319	72	80	0.90	8	6.8	RC	E1	20200311	90	110	-50
NAM2020AC-347	51	59	0.87	8	6.9	RC	E1	20200401	79	110	-50
NAM2020RC-308	35	39	1.72	4	3.4	RC	E1	20200225	78	110	-50
NAM2020RC-341	61	68	0.99	7	5.9	RC	E1	20200328	90	110	-50
NAM2020AC-395	74	83	0.78	9	7.4	RC	E1	20200425	90	110	-50
NAM2020AC-385	26	33	0.95	7	6.0	RC	E1	20200418	90	110	-50
NAM2020RC-301	50	56	1.14	6	5.0	RC	E1	20200214	80	110	-50
NAM2020AC-354	3	6	2.17	3	2.6	RC	E1	20200327	89	110	-50
NAM2020AC-1247	28	33	1.30	5	4.3	RC	E1	20200324	95	110	-50
NAM2020RC-338	64	72	0.81	8	6.9	RC	E1	20200325	118	110	-50
NAM2020RC-316	45	52	0.88	7	6.0	RC	E1	20200308	90	110	-50
NAM2020AC-388	39	44	1.22	5	4.3	RC	E1	20200421	71	110	-50
NAM2020RC-336	67	74	0.88	7	5.9	RC	E1	20200324	108	110	-50
NAM2020AC-355	35	39	1.42	4	3.5	RC	E1	20200327	86	110	-50
NAM2020RC-342	42	47	1.16	5	4.2	RC	E1	20200328	90	110	-50
NAM2020RC-341	42	47	1.12	5	4.3	RC	E1	20200328	90	110	-50
NAM2020AC-371	51	60	0.61	9	7.6	RC	E1	20200409	76	110	-50
NAM2020AC-358	1	9	0.67	8	6.9	RC	E1	20200402	90	110	-50
NAM2020RC-342	77	85	0.68	8	6.7	RC	E1	20200328	90	110	-50
NAM2020RC-331	90	96	0.86	6	5.2	RC	E1	20200321	96	110	-50
NAM2020RC-303	34	42	0.65	8	6.8	RC	E1	20200217	78	110	-50
NAM2020AC-389	21	27	0.85	6	5.2	RC	E1	20200421	80	110	-50
NAM2020RC-318	19	26	0.71	7	6.1	RC	E1	20200309	90	110	-50
NAM2020RC-319	84	90	0.84	6	5.1	RC	E1	20200311	90	110	-50
NAM2020AC-1249	65	74	0.53	9	7.8	RC	E1	20200325	89	110	-50
NAM2020AC-374	57	60	1.60	3	2.6	RC	E1	20200411	79	110	-50
NAM2020RC-335	85	90	0.97	5	4.2	RC	E1	20200324	102	110	-50
NAM2020RC-301	31	41	0.48	10	8.4	RC	E1	20200214	80	110	-50
NAM2020AC-365	27	36	0.51	9	7.8	RC	E1	20200407	81	110	-50
NAM2020RC-331	82	89	0.64	7	6.1	RC	E1	20200321	96	110	-50
NAM2020AC-356	43	49	0.74	6	5.2	RC	E1	20200328	85	110	-50
NAM2020RC-350	42	52	0.46	10	8.2	RC	E1	20200402	90	110	-50
NAM2020AC-346	24	34	0.43	10	8.7	RC	E1	20200331	69	110	-50
NAM2020RC-336	76	84	0.54	8	6.7	RC	E1	20200324	108	110	-50
NAM2020AC-349	36	40	1.06	4	3.5	RC	E1	20200401	68	110	-50
NAM2020RC-311	19	22	1.35	3	2.6	RC	E1	20200229	69	110	-50
NAM2020AC-349	49	58	0.44	9	7.8	RC	E1	20200401	68	110	-50
NAM2020RC-315	70	75	0.79	5	4.3	RC	E1	20200305	84	110	-50
NAM2020RC-303	63	68	0.78	5	4.2	RC	E1	20200217	78	110	-50
NAM2020AC-371	72	76	0.97	4	3.4	RC	E1	20200409	76	110	-50
NAM2020RC-339	99	106	0.57	7	5.7	RC	E1	20200326	120	110	-50
NAM2020RC-317	85	90	0.74	5	4.4	RC	E1	20200308	90	110	-50
NAM2020AC-377	26	32	0.61	6	5.2	RC	E1	20200414	71	110	-50
NAM2020RC-320	53	56	1.22	3	2.6	RC	E1	20200313	90	110	-50
NAM2020RC-359	37	40	1.25	3	2.5	RC	E1	20200403	90	110	-50
NAM2020AC-369	36	44	0.45	8	6.9	RC	E1	20200408	72	110	-50
NAM2020RC-305	28	34	0.60	6	5.2	RC	E1	20200218	108	110	-50
NAM2020AC-382	33	38	0.72	5	4.3	RC	E1	20200416	69	110	-50
NAM2020RC-322	77	82	0.72	5	4.1	RC	E1	20200314	90	110	-50
NAM2020AC-372	75	79	0.84	4	3.5	RC	E1	20200409	90	110	-50
NAM2020RC-333	67	71	0.88	4	3.3	RC	E1	20200322	108	110	-50
NAM2020AC-352	17	23	0.53	6	5.2	RC	E1	20200326	101	110	-50
NAM2020RC-315	30	34	0.77	4	3.4	RC	E1	20200305	84	110	-50
NAM2020AC-365	12	18	0.50	6	5.2	RC	E1	20200407	81	110	-50
NAM2020AC-345	63	70	0.42	7	6.0	RC	E1	20200331	72	110	-50
NAM2020AC-366	59	63	0.72	4	3.5	RC	E1	20200407	90	110	-50
NAM2020AC-381	33	37	0.72	4	3.4	RC	E1	20200416	77	110	-50
NAM2020AC-369	63	66	0.96	3	2.6	RC	E1	20200408	72	110	-50
NAM2020RC-341	29	34	0.57	5	4.3	RC	E1	20200328	90	110	-50
NAM2020RC-317	73	78	0.56	5	4.3	RC	E1	20200308	90	110	-50
NAM2020RC-359	70	74	0.73	4	3.3	RC	E1	20200403	90	110	-50
NAM2020AC-358	32	39	0.40	7	6.0	RC	E1	20200402	90	110	-50
NAM2020RC-304	51	56	0.55	5	4.2	RC	E1	20200217	84	110	-50
NAM2020RC-304	35	42	0.39	7	6.0	RC	E1	20200217	84	110	-50
NAM2020AC-347	60	63	0.89	3	2.6	RC	E1	20200401	79	110	-50
NAM2020AC-389	50	54	0.68	4	3.4	RC	E1	20200421	80	110	-50
NAM2020AC-392	75	82	0.38	7	5.9	RC	E1	20200422	84	110	-50
NAM2020RC-340	8	12	0.64	4	3.5	RC	E1	20200327	84	110	-50
NAM2020AC-382	56	60	0.64	4	3.4	RC	E1	20200416	69	110	-50
NAM2020AC-376	61	64	0.84	3	2.5	RC	E1	20200413	69	110	-50
NAM2020RC-301	59	64	0.50	5	4.1	RC	E1	20200214	80	110	-50
NAM2020RC-339	8	13	0.46	5	4.3	RC	E1	20200326	120	110	-50
NAM2020AC-349	27	32	0.46	5	4.3	RC	E1	20200401	68	110	-50
NAM2020AC-388	25	28	0.75	3	2.6	RC	E1	20200421	71	110	-50
NAM2020RC-301	73	78	0.45	5	4.1	RC	E1	20200214	80	110	-50
NAM2020RC-339	34	38	0.54	4	3.4	RC	E1	20200326	120	110	-50
NAM2020AC-371	45	50	0.43	5	4.3	RC	E1	20200409	76	110	-50
NAM2020AC-385	54	59	0.42	5	4.2	RC	E1	20200418	90	110	-50
NAM2020AC-1250	62	66	0.47	4	3.5	RC	E1	20200325	107	110	-50
NAM2020RC-314	74	78	0.50	4	3.3	RC	E1	20200304	78	110	-50
NAM2020RC-313	81	84	0.59	3	2.5	RC	E1	20200303	90	110	-50
NAM2020AC-347	0	4	0.40	4	3.5	RC	E1	20200401	79	110	-50
NAM2020AC-346	9	12	0.53	3	2.6	RC	E1	20200331	69	110	-50
NAM2020AC-368	18	21	0.52	3	2.6	RC	E1	20200408	76	110	-50
NAM2020AC-369	56	59	0.51	3	2.6	RC	E1	20200408	72	110	-50
NAM2020RC-311	63	66	0.44	3	2.5	RC	E1	20200229	69	110	-50

Denis Boivin, on-site consulting geologist, Senior Geologist for MRP801 is a qualified and independent person under NI 43-101 and has reviewed and approved the disclosure of the geological information contained in this press release.

A word from the President, Mr. Georges Cohen:

What is interesting is that the investigations have confirmed a north-south continuity without a waste rock interval, which supports the notion of opening a new pit parallel to the current pit. This first conclusion having been reached, everything remains open and justifies the continuation of the important prospecting work, which we will accelerate as soon as possible. We will keep you informed on an ongoing basis as we receive and interpret the obtained results. These initial results are encouraging and lead us to believe that we should discover additional reserves.

For information:

Robex Resources Inc.

Benjamin Cohen, CEO
Augustin Rousselet, CFO/COO
Head 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.