Robex Resources Inc.: New Special Dividend of 4 Cents Per Share and Double Indicated Resources
September 11 2020 - 7:42AM
Robex Resources Inc. (“
Robex” or “
the
Company”) (TSXV: RBX/FWB: RB4) is pleased to publish a
progress report on its current exploration campaign.
PROGRESS OF THE CURRENT
CAMPAIGN
Robex announced the execution in 2020 of an
important exploration campaign on the NAMPALA site. This campaign’s
operations targeting 8 zones, including 3 for definition, 3 for
exploration and 2 for condemnation, have been delayed this year due
to the COVID-19 pandemic and the significant rainy season.
For this campaign, 3 drills were planned full
time, but 7 drills will now be put into operation on site to make
up for the delay. Consequently, our objective of completing the
campaign by the end of the year or early in 2021 should be
maintained.
A total of 41,280 metres of drilling has already
been completed as of September 5, 2020.
RECONCILIATION WORK
Robex started reconciliation work on all pit
operations since the start of production in January 2017. The
purpose of this work is to refine mineralization knowledge in
addition to the information collected from previous drilling
campaigns and the 43-101 that followed.
This work, carried out on the 6,000,000 tonnes
of processed mineralized material, has allowed us to:
- Refine the density model and validate the pit operating
procedures. Indeed, before each excavation, additional channel
sampling is conducted to increase the grade measurement
accuracy.
- Following the installation of a main crusher on August 1, 2019,
we processed 258,443 tonnes of mineralized material located in the
Transition zone of the main pit. Initially, this ore was
classified as a Resource due to the lack of metallurgical testing
in this zone. These encouraging results require further
testing before we can determine whether all or part of the
transition can be added to our reserves.
- Given low production costs and the geological model, very
low-grade mineralized material was processed cost-effectively
during the confinement period. Consequently, the operational
cut-off grade has been reduced from 0.38 g/t to 0.25 g/t. The
excavated low-grades are stored near the ROM pad.
EXPLORATION CAMPAIGN - INTERIM
RESULTS
The ZE1 zone located east of the main pit is
completed. Here are several intersections from the current
campaign:
Name of hole |
From |
To |
Grade(g/t Au) |
Length(in m) |
True Width(in m) |
Type |
Zone |
Date |
Drilled |
Az |
Dip |
TW% |
NAM2020AC-582 |
35 |
55 |
2.73 |
20 |
17.2 |
RC |
E1 |
20200805 |
101 |
110 |
-50 |
86 |
% |
NAM2020RC-317 |
17 |
47 |
1.65 |
30 |
26.0 |
RC |
E1 |
20200308 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-440 |
16 |
33 |
2.58 |
17 |
14.7 |
RC |
E1 |
20200603 |
80 |
110 |
-50 |
87 |
% |
NAM2020RC-304 |
1 |
24 |
1.69 |
23 |
19.9 |
RC |
E1 |
20200217 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-583 |
55 |
70 |
2.04 |
15 |
13.0 |
RC |
E1 |
20200805 |
114 |
110 |
-50 |
87 |
% |
NAM2020AC-353 |
15 |
36 |
1.42 |
21 |
17.9 |
RC |
E1 |
20200326 |
97 |
110 |
-50 |
85 |
% |
NAM2020AC-436 |
60 |
84 |
1.22 |
24 |
20.8 |
RC |
E1 |
20200602 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-372 |
24 |
48 |
1.09 |
24 |
20.7 |
RC |
E1 |
20200409 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-516 |
63 |
78 |
1.71 |
15 |
13.0 |
RC |
E1 |
20200702 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-356 |
0 |
23 |
1.04 |
23 |
19.9 |
RC |
E1 |
20200328 |
85 |
110 |
-50 |
87 |
% |
NAM2020AC-434 |
8 |
29 |
1.12 |
21 |
18.2 |
RC |
E1 |
20200601 |
81 |
110 |
-50 |
87 |
% |
NAM2020AC-452 |
47 |
66 |
1.23 |
19 |
16.5 |
RC |
E1 |
20200609 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-380 |
49 |
62 |
1.75 |
13 |
11.3 |
RC |
E1 |
20200415 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-577 |
72 |
86 |
1.60 |
14 |
12.1 |
RC |
E1 |
20200808 |
98 |
110 |
-50 |
87 |
% |
NAM2020RC-324 |
74 |
84 |
2.34 |
10 |
8.2 |
RC |
E1 |
20200316 |
108 |
110 |
-50 |
82 |
% |
NAM2020AC-439 |
33 |
54 |
0.99 |
21 |
18.2 |
RC |
E1 |
20200603 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-458 |
39 |
47 |
2.53 |
8 |
6.9 |
RC |
E1 |
20200611 |
90 |
110 |
-50 |
87 |
% |
NAM2020RC-315 |
47 |
67 |
0.92 |
20 |
17.0 |
RC |
E1 |
20200305 |
84 |
110 |
-50 |
85 |
% |
NAM2020AC-477 |
9 |
30 |
0.85 |
21 |
18.2 |
RC |
E1 |
20200620 |
80 |
110 |
-50 |
87 |
% |
NAM2020AC-411 |
65 |
79 |
1.28 |
14 |
11.8 |
RC |
E1 |
20200505 |
86 |
110 |
-50 |
84 |
% |
NAM2020AC-436 |
28 |
43 |
1.15 |
15 |
13.0 |
RC |
E1 |
20200602 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-474 |
59 |
80 |
0.81 |
21 |
18.2 |
RC |
E1 |
20200618 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-422 |
44 |
56 |
1.42 |
12 |
10.2 |
RC |
E1 |
20200511 |
90 |
110 |
-50 |
85 |
% |
NAM2020AC-414 |
20 |
40 |
0.84 |
20 |
17.2 |
RC |
E1 |
20200506 |
73 |
110 |
-50 |
86 |
% |
NAM2020AC-1247 |
3 |
14 |
1.52 |
11 |
9.5 |
RC |
E1 |
20200324 |
95 |
110 |
-50 |
86 |
% |
NAM2020AC-458 |
77 |
86 |
1.84 |
9 |
7.8 |
RC |
E1 |
20200611 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-473 |
43 |
57 |
1.18 |
14 |
12.1 |
RC |
E1 |
20200618 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-352 |
26 |
33 |
2.31 |
7 |
6.1 |
RC |
E1 |
20200326 |
101 |
110 |
-50 |
87 |
% |
NAM2020RC-305 |
2 |
9 |
2.25 |
7 |
6.1 |
RC |
E1 |
20200218 |
108 |
110 |
-50 |
87 |
% |
NAM2020AC-503 |
59 |
72 |
1.20 |
13 |
11.3 |
RC |
E1 |
20200702 |
79 |
110 |
-50 |
87 |
% |
NAM2020RC-316 |
54 |
76 |
0.69 |
22 |
19.0 |
RC |
E1 |
20200308 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-1246 |
6 |
13 |
2.16 |
7 |
6.0 |
RC |
E1 |
20200324 |
107 |
110 |
-50 |
85 |
% |
NAM2020AC-356 |
33 |
40 |
2.10 |
7 |
6.0 |
RC |
E1 |
20200328 |
85 |
110 |
-50 |
86 |
% |
NAM2020AC-432 |
33 |
51 |
0.81 |
18 |
15.6 |
RC |
E1 |
20200530 |
74 |
110 |
-50 |
87 |
% |
NAM2020AC-459 |
32 |
48 |
0.87 |
16 |
13.9 |
RC |
E1 |
20200612 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-372 |
58 |
72 |
0.99 |
14 |
12.1 |
RC |
E1 |
20200409 |
90 |
110 |
-50 |
86 |
% |
NAM2020RC-341 |
50 |
58 |
1.70 |
8 |
6.8 |
RC |
E1 |
20200328 |
90 |
110 |
-50 |
85 |
% |
NAM2020AC-432 |
52 |
65 |
1.02 |
13 |
11.3 |
RC |
E1 |
20200530 |
74 |
110 |
-50 |
87 |
% |
NAM2020AC-399 |
36 |
50 |
0.91 |
14 |
12.0 |
RC |
E1 |
20200428 |
77 |
110 |
-50 |
86 |
% |
NAM2020RC-322 |
46 |
56 |
1.31 |
10 |
8.4 |
RC |
E1 |
20200314 |
90 |
110 |
-50 |
84 |
% |
NAM2020AC-375 |
40 |
53 |
0.98 |
13 |
11.1 |
RC |
E1 |
20200413 |
90 |
110 |
-50 |
85 |
% |
NAM2020AC-500 |
78 |
90 |
1.04 |
12 |
10.4 |
RC |
E1 |
20200630 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-441 |
9 |
19 |
1.24 |
10 |
8.7 |
RC |
E1 |
20200604 |
79 |
110 |
-50 |
87 |
% |
NAM2020AC-505 |
12 |
18 |
2.06 |
6 |
5.2 |
RC |
E1 |
20200630 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-438 |
74 |
84 |
1.19 |
10 |
8.7 |
RC |
E1 |
20200602 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-436 |
45 |
56 |
1.06 |
11 |
9.5 |
RC |
E1 |
20200602 |
84 |
110 |
-50 |
87 |
% |
NAM2020RC-318 |
28 |
35 |
1.64 |
7 |
6.0 |
RC |
E1 |
20200309 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-497 |
70 |
74 |
2.70 |
4 |
3.5 |
RC |
E1 |
20200629 |
85 |
110 |
-50 |
87 |
% |
NAM2020AC-497 |
17 |
29 |
0.90 |
12 |
10.4 |
RC |
E1 |
20200629 |
85 |
110 |
-50 |
87 |
% |
NAM2020AC-463 |
25 |
31 |
1.79 |
6 |
5.2 |
RC |
E1 |
20200613 |
68 |
110 |
-50 |
87 |
% |
NAM2020AC-486 |
7 |
22 |
0.71 |
15 |
13.0 |
RC |
E1 |
20200624 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-414 |
41 |
50 |
1.18 |
9 |
7.7 |
RC |
E1 |
20200506 |
73 |
110 |
-50 |
86 |
% |
NAM2020AC-453 |
43 |
54 |
0.96 |
11 |
9.5 |
RC |
E1 |
20200610 |
90 |
110 |
-50 |
87 |
% |
Name of hole |
From |
To |
Grade(g/t Au) |
Length(in m) |
True Width(in m) |
Type |
Zone |
Date |
Drilled |
Az |
Dip |
TW% |
NAM2020AC-533 |
25 |
31 |
1.73 |
6 |
5.2 |
RC |
E1 |
20200708 |
108 |
110 |
-50 |
87 |
% |
NAM2020AC-549 |
71 |
79 |
1.30 |
8 |
6.9 |
RC |
E1 |
20200715 |
90 |
110 |
-50 |
87 |
% |
NAM2020RC-311 |
50 |
62 |
0.87 |
12 |
10.2 |
RC |
E1 |
20200229 |
69 |
110 |
-50 |
85 |
% |
NAM2020AC-497 |
30 |
37 |
1.46 |
7 |
6.1 |
RC |
E1 |
20200629 |
85 |
110 |
-50 |
87 |
% |
NAM2020AC-357 |
62 |
68 |
1.69 |
6 |
5.2 |
RC |
E1 |
20200328 |
76 |
110 |
-50 |
87 |
% |
NAM2020RC-306 |
12 |
23 |
0.92 |
11 |
9.5 |
RC |
E1 |
20200219 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-472 |
38 |
44 |
1.68 |
6 |
5.2 |
RC |
E1 |
20200618 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-517 |
15 |
23 |
1.25 |
8 |
6.9 |
RC |
E1 |
20200703 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-419 |
66 |
72 |
1.71 |
6 |
5.1 |
RC |
E1 |
20200508 |
78 |
110 |
-50 |
84 |
% |
NAM2020AC-382 |
41 |
54 |
0.78 |
13 |
11.0 |
RC |
E1 |
20200416 |
69 |
110 |
-50 |
85 |
% |
NAM2020RC-319 |
44 |
51 |
1.43 |
7 |
6.0 |
RC |
E1 |
20200311 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-442 |
17 |
23 |
1.65 |
6 |
5.2 |
RC |
E1 |
20200604 |
70 |
110 |
-50 |
87 |
% |
NAM2020AC-394 |
66 |
77 |
0.94 |
11 |
9.1 |
RC |
E1 |
20200424 |
90 |
110 |
-50 |
83 |
% |
NAM2020AC-538 |
79 |
86 |
1.41 |
7 |
6.1 |
RC |
E1 |
20200713 |
96 |
110 |
-50 |
87 |
% |
NAM2020AC-535 |
23 |
31 |
1.22 |
8 |
6.9 |
RC |
E1 |
20200709 |
96 |
110 |
-50 |
87 |
% |
NAM2020AC-508 |
3 |
13 |
0.96 |
10 |
8.7 |
RC |
E1 |
20200701 |
50 |
110 |
-50 |
87 |
% |
NAM2020AC-451 |
37 |
47 |
0.93 |
10 |
8.7 |
RC |
E1 |
20200608 |
64 |
110 |
-50 |
87 |
% |
NAM2020AC-444 |
57 |
64 |
1.32 |
7 |
6.1 |
RC |
E1 |
20200605 |
64 |
110 |
-50 |
87 |
% |
NAM2020RC-340 |
75 |
84 |
1.02 |
9 |
7.7 |
RC |
E1 |
20200327 |
84 |
110 |
-50 |
85 |
% |
NAM2020AC-429 |
19 |
23 |
2.14 |
4 |
3.4 |
RC |
E1 |
20200514 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-1250 |
1 |
13 |
0.70 |
12 |
10.4 |
RC |
E1 |
20200325 |
107 |
110 |
-50 |
87 |
% |
NAM2020AC-439 |
66 |
77 |
0.75 |
11 |
9.5 |
RC |
E1 |
20200603 |
84 |
110 |
-50 |
87 |
% |
NAM2020AC-388 |
52 |
60 |
1.04 |
8 |
6.8 |
RC |
E1 |
20200421 |
71 |
110 |
-50 |
85 |
% |
NAM2020AC-516 |
13 |
22 |
0.91 |
9 |
7.8 |
RC |
E1 |
20200702 |
84 |
110 |
-50 |
87 |
% |
NAM2020RC-301 |
15 |
24 |
0.92 |
9 |
7.6 |
RC |
E1 |
20200214 |
80 |
110 |
-50 |
85 |
% |
NAM2020RC-312 |
29 |
34 |
1.66 |
5 |
4.2 |
RC |
E1 |
20200302 |
90 |
110 |
-50 |
85 |
% |
NAM2020RC-351 |
25 |
30 |
1.63 |
5 |
4.2 |
RC |
E1 |
20200323 |
90 |
110 |
-50 |
85 |
% |
NAM2020AC-433 |
58 |
67 |
0.88 |
9 |
7.8 |
RC |
E1 |
20200530 |
80 |
110 |
-50 |
87 |
% |
NAM2020AC-392 |
50 |
59 |
0.89 |
9 |
7.6 |
RC |
E1 |
20200422 |
84 |
110 |
-50 |
85 |
% |
NAM2020AC-460 |
84 |
90 |
1.28 |
6 |
5.2 |
RC |
E1 |
20200612 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-509 |
63 |
75 |
0.64 |
12 |
10.4 |
RC |
E1 |
20200702 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-372 |
82 |
90 |
0.95 |
8 |
7.0 |
RC |
E1 |
20200409 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-348 |
24 |
30 |
1.27 |
6 |
5.2 |
RC |
E1 |
20200401 |
77 |
110 |
-50 |
86 |
% |
NAM2020RC-306 |
33 |
41 |
0.95 |
8 |
6.9 |
RC |
E1 |
20200219 |
90 |
110 |
-50 |
86 |
% |
NAM2020AC-360 |
52 |
60 |
0.96 |
8 |
6.8 |
RC |
E1 |
20200403 |
77 |
110 |
-50 |
85 |
% |
NAM2020AC-575 |
45 |
51 |
1.26 |
6 |
5.2 |
RC |
E1 |
20200807 |
110 |
110 |
-50 |
86 |
% |
NAM2020AC-574 |
66 |
70 |
1.89 |
4 |
3.4 |
RC |
E1 |
20200807 |
101 |
110 |
-50 |
85 |
% |
NAM2020AC-391 |
57 |
61 |
1.87 |
4 |
3.4 |
RC |
E1 |
20200422 |
81 |
110 |
-50 |
85 |
% |
NAM2020AC-380 |
25 |
32 |
1.05 |
7 |
6.1 |
RC |
E1 |
20200415 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-358 |
41 |
48 |
1.06 |
7 |
6.0 |
RC |
E1 |
20200402 |
90 |
110 |
-50 |
85 |
% |
NAM2020RC-303 |
53 |
61 |
0.93 |
8 |
6.8 |
RC |
E1 |
20200217 |
78 |
110 |
-50 |
84 |
% |
NAM2020AC-367 |
29 |
35 |
1.23 |
6 |
5.1 |
RC |
E1 |
20200407 |
78 |
110 |
-50 |
85 |
% |
NAM2020AC-472 |
52 |
59 |
1.04 |
7 |
6.1 |
RC |
E1 |
20200618 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-411 |
52 |
63 |
0.67 |
11 |
9.3 |
RC |
E1 |
20200505 |
86 |
110 |
-50 |
85 |
% |
NAM2020RC-319 |
72 |
80 |
0.90 |
8 |
6.8 |
RC |
E1 |
20200311 |
90 |
110 |
-50 |
85 |
% |
NAM2020AC-440 |
36 |
41 |
1.39 |
5 |
4.3 |
RC |
E1 |
20200603 |
80 |
110 |
-50 |
87 |
% |
NAM2020AC-452 |
22 |
29 |
0.99 |
7 |
6.1 |
RC |
E1 |
20200609 |
90 |
110 |
-50 |
87 |
% |
NAM2020AC-347 |
51 |
59 |
0.87 |
8 |
6.9 |
RC |
E1 |
20200401 |
79 |
110 |
-50 |
86 |
% |
NAM2020AC-460 |
25 |
32 |
0.98 |
7 |
6.1 |
RC |
E1 |
20200612 |
90 |
110 |
-50 |
87 |
% |
NAM2020RC-308 |
35 |
39 |
1.72 |
4 |
3.4 |
RC |
E1 |
20200225 |
78 |
110 |
-50 |
85 |
% |
NAM2020AC-399 |
24 |
33 |
0.76 |
9 |
7.7 |
RC |
E1 |
20200428 |
77 |
110 |
-50 |
86 |
% |
NAM2020RC-341 |
61 |
68 |
0.99 |
7 |
5.9 |
RC |
E1 |
20200328 |
90 |
110 |
-50 |
84 |
% |
NAM2020AC-556 |
18 |
26 |
0.84 |
8 |
6.9 |
RC |
E1 |
20200721 |
126 |
110 |
-50 |
87 |
% |
NAM2020AC-405 |
72 |
78 |
1.12 |
6 |
5.2 |
RC |
E1 |
20200501 |
90 |
110 |
-50 |
87 |
% |
The Resource update is performed taking into
account:
- 28,346 samples received from the drilling campaign carried out
on the ZE1 zone;
- Reconciliation work that enabled us to refine the density
model; and
- A recent increase in the price of gold and the control of
production costs at the Nampala mine.
This allows us to establish an increase of +103%
in indicated resources for the Nampala property bringing the total
to 869,000 oz compared to the last Mineral Resources estimate
(MRE2019). The Company will file an independent technical report to
support the updated mineral resource within 45 days of this press
release.
Nampala Mineral Resources (MRE2020) are
reported in thousands of ounces.
Category |
Cut-Off |
Weatheringtype |
Density |
Tonnage |
Grade |
Metalcontent |
Au (g/t) |
|
(t/m3) |
(000 t) |
Au (g/t) |
Au (000 oz) |
Indicated |
0.25 |
Oxide |
1.80 |
21,422 |
0.63 |
435 |
0.33 |
Transition |
2.36 |
6,158 |
0.82 |
163 |
0.31 |
Fresh Rock |
2.79 |
10,307 |
0.82 |
271 |
Subtotal |
|
37,887 |
0.71 |
869 |
Inferred |
0.25 |
Oxide |
1.77 |
542 |
0.55 |
10 |
0.33 |
Transition |
2.47 |
213 |
0.71 |
5 |
0.31 |
Fresh Rock |
2.79 |
2,235 |
0.72 |
52 |
Subtotal |
|
2,989 |
0.69 |
66 |
Total |
2.10 |
40,876 |
0.71 |
936 |
Notes regarding the table:
- The independent and qualified person for the Mineral Resource
estimate, as defined by NI 43-101, is Mr. Denis Boivin, B.Sc., Geo.
(OGQ #816) and Mr. Mario Boissé, Mining Eng. (OIQ # 130715), and
the effective date of the estimate is July 31, 2020.
- The mineral resource is not a mineral reserve as it has not
demonstrated economic viability. Further metallurgical testing is
required to analyze the economic potential of the mineral resource
found in the transition and fresh rock zones.
- The mineral resource estimate follows the 2014 CIM definitions
and guidelines.
- Results are presented on-site and undiluted for the open-pit
scenario and are considered to have reasonable prospects for
profitable mining.
- In terms of classification: the distance to the closest
(composite) point (DCP) must be less than or equal to 30 metres to
be considered an indicated resource. The inferred resource is at a
distance greater than 30 metres and less than 100 metres.
- Grade interpolation was performed on the Nampala mining permit
from 2-metre drill composites using the grade of the material
assayed and clipped at 15 g/t Au. The grade model was interpolated
according to the structural patterns of the mineralized zones using
the Leapfrog Geo v5.1.0 software Radial Basis Function (RBF) method
and assessed in a model pointed at 20 degrees North with blocks of
the same size (5 m x 15 m x 5 m). On-site densities were
interpolated using the respective oxidation levels.
- The mineral resource is contained within an economic envelope
built with the MineSight - Project Evaluator V1.0.4.3902
Lerch-Grossman optimization tool. Only the indicated resource is
taken into account to generate the economic envelope. The following
economic parameters are used in the optimization:
Description |
UOM |
MRE2020 |
Oxide |
Transition |
Fresh Rock |
Gold price |
USD/oz |
1,700 |
1,700 |
1,700 |
Mining costs |
USD/t mined |
2.08 |
2.51 |
2.65 |
General and administrive costs |
USD/t milled |
2.48 |
2.48 |
2.48 |
CIL (processing, refining and selling) |
USD/t milled |
9.31 |
10.24 |
|
Heap leach (processing, refining and selling) |
USD/t milled |
|
|
9.19 |
Mill recovery |
% |
88.9 |
71.9 |
|
Heap leach recovery |
% |
|
|
70.0 |
- The slope of the economic envelope is set to 45
degrees.
- The number of metric tonnes has been rounded to the nearest
thousand and the metal grade is presented in troy ounces (tonne x
grade / 31.10348). Any discrepancies between totals are due to
rounding effects. Rounding practices comply with the
recommendations outlined in Form 43-101A1.
- Except for the current political instability in Mali, Denis
Boivin P.Geo and Mario Boissé Eng. are not aware of any
environmental, permits, legal, title-related, fiscal,
sociopolitical or marketing issues, or any other relevant issues
that could have a significant impact on the Mineral Resource
estimate.
Denis Boivin, P.Geo., on-site consulting
geologist, is the qualified and independent person under NI 43-101
who has reviewed and approved the disclosure of the geological
information contained in this press release.
The Indicated Mineral
Resources is coloured Gold (On-site) and the
excavated Mineral Resources is coloured Red, plan
view.
Image of the pit area and the ZE1 zone
(on the right side of the image).
https://www.globenewswire.com/NewsRoom/AttachmentNg/a23141e2-51ea-491a-bbdb-e9435533811f
Image of the Indicated
Mineral Resources coloured Gold (On-site)
and Red (Excavated), oblique view.
https://www.globenewswire.com/NewsRoom/AttachmentNg/3d080cca-6fff-41f8-a822-75aace0424c5
SPECIAL DIVIDEND
Considering the Company’s financial results, the
Board of Directors has announced a special dividend of 4 cents
to be paid on September 25, 2020, for each issued and outstanding
common share listed at market close on September 16, 2020.
A word from the President, Mr. Georges
Cohen:- These initial exploration results are
significant, very satisfactory and encouraging for the future of
this exploration program.This allows us to anticipate a
considerable extension of the mine’s life, the results of which we
will confirm when we publish an estimate of mineral reserves at
year-end.
Having a second confirmed pit is the first solid
result of this exploration campaign.
- The current cash position and prospects
allow us to distribute a second special dividend of 4 cents,
bringing the dividend distribution to 6 cents per share as of
January 2020.
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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