Malbex Files Technical Report on Inferred Resource Estimate for Rojo Grande Gold-Silver Deposit
TORONTO, ONTARIO -- (Marketwire) -- 10/27/11 -- Malbex Resources Inc. (TSX VENTURE: MBG) today announced that it has filed the technical report titled 'A Mineral Resource Estimate For The Rojo Grande Deposit At The Del Carmen Property, El Indio Gold Belt San Juan Province, Argentina' (the 'Technical Report') and dated October 24, 2011 on SEDAR for its previously announced National Instrument 43-101-compliant, inferred mineral resource estimate for the Rojo Grande zone at its Del Carmen Norte high-sulphidation gold-silver project in San Juan, Argentina.
The Technical Report was prepared by Messer's. B. Terrence Hennessey, P.Geo., and Richard Gowans, P.Eng., of Micon International Limited. Messer's. Hennessey and Gowans are qualified persons and independent of Malbex for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Dr. Peter Stewart, P.Geo., is the Qualified Person responsible for the conduct of Malbex's exploration program.
Further information on the Del Carmen project, including technical reports, resources, maps, sections and a complete assay table, can be accessed at www.malbex.ca/Projects/Del_Carmen.
About Malbex
Malbex Resources Inc. is a gold exploration company led by experienced management and directors with projects in Argentina and Peru. In April 2010, Malbex made a near-surface, gold-silver oxide discovery at Del Carmen, its lead project in Argentina. Released in September 2011, the first-ever National Instrument 43-101-compliant, inferred mineral resource estimate for the Rojo Grande zone at Del Carmen measured 25.4 million tonnes grading 1.00 g/t gold and 13.3 g/t silver for 816,600 ounces of contained gold and 10.9 million ounces of contained silver. The Del Carmen project is located in the El Indio Gold Belt, which contains more than 35 million ounces of gold in current reserves and past production, including Barrick's Veladero mine and Pascua-Lama project. For more information, please visit www.malbex.ca.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain information that may constitute 'forward-looking information' under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, spending commitments, future operations, results of exploration, anticipated financial results, future work programs, capital expenditures and objectives. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the Company's annual information form under the heading 'Risk Factors'. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Malbex Resources Inc.
Tim Warman
President and Chief Executive Officer
(416) 628-0215
Malbex Resources Inc.
Marla Gale
VP Investor Relations
(416) 628-0215
ir@malbex.ca
www.malbex.ca
