TORONTO, ONTARIO--(Marketwire -10/27/11)- Malbex Resources Inc. (TSX-V: MBG.V - News) 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.
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.
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