Robex Resources Inc./Nampala: Target Exceeded-55,000 Tonnes of Ore Processed in the Month of March 2016
QUEBEC, QUEBEC--(Marketwired - April 15, 2016) - The Nampala mine (from the company Robex Resources Inc. ("Robex" and / or "the Company") (TSX VENTURE:RBX)(FRANKFURT:RB4) treated an estimated tonnage of 55,000 tonnes of ore during the month of March 2016 (from March 1st to March 31th 2016 inclusively). This exceeds the preliminary goals by about 35%. During this month, the average production was close to 1,800 tonnes / day with an availability rate of 80% at the mine which operates 24 hours a day, 7 days a week. The recovery rate was consistent with the objectives of the startup phase.
The construction of the mine is currently in its final phase with the objective of achieving processing capacity of 4,000 tonnes a day. The gas oil central, the power plant and two (2) additional CIL tanks (to bring the total to six) are entering into the commissioning phase (startup) in the upcoming days. The Zadra type elution system is at the end of the assembly process and will allow the recovery of the gold that was stored in the carbon during the period. The installation of the larger mill, the cyclones tower and additional water supply circuit are also in the final phase of installation; and are scheduled for startup in May 2016. Finally, all civil work is completed.
Soutex confirmed that according to data from the mine scale and analytical data from SGS laboratory in Bamako, a total of about 1,200 oz of gold were extracted from the ore by leaching. The Zadra type elution system is not operational yet, so two-thirds of the 1,200 oz have been accumulated in the carbon for treatment later and the balance recovered in bullion.
A second feed bin is also planned to be added. This second feed bin will increase the mine production capacity above the initial objectives and secure the availability of the ore supply at all times.
The Company invites you to visit its website at www.robexgold.com to see new photos and videos of the Nampala mine, or by clicking on these links: Photos and Videos.
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.
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