VANCOUVER, BC--(Marketwired - October 19, 2015) - Rogue Resources Inc. (TSX VENTURE: RRS)
- 250 KG OF SILICA FROM "G" QUARTZITE UNIT SHIPPED
- TESTING, CHEMICAL ANALYSIS AND PROCESS EVALUATION TO BE CONDUCTED
- ANZAPLAN REPRESENTATIVE TO VISIT SITE OCTOBER 19 - 22
- PHASE ONE 25 HOLE DRILL PROGRAM COMPLETED
- PHASE TWO DRILLING WELL UNDERWAY
- ENVIRONMENTAL STUDIES COMMENCED
Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to announce that it has airfreighted a 250 kilogram ("kg") silica bulk sample from the "G" quartzite unit on the Lac de la Grosse Femelle silica project ("Femelle") located approximately 42 kilometers ("km") north of Baie-Saint Paul, Québec, to Dorfner Anzaplan, arriving in Munich, Germany approximately ten days ago. Anzaplan will carry out an evaluation of the bulk sample applying their highly effective chemical and thermal processing techniques and other process concepts for improving mineral liberation from the silica.
Dr. Reiner Haus, an Anzaplan representative, will be on site from October 19th to 21st, and on October 22nd will meet with the Company's assay lab contractor in Québec City, along with Company personnel. The site visit by Dr. Haus will assist with the evaluation and selection of other samples of quartzite to be tested.
Anzaplan is a full service specialist in high-value industrial and strategic minerals offering international customers a complete one-stop shopping solution across all phases of the economic evaluation and development of industrial, specialty and strategic minerals projects such as high purity quartz. Testing and analyses are carried out in their own laboratories and test center, using state-of-the-art analytical methods or pilot plant processing. For more information about Anzaplan visit www.anzaplan.com.
Specific expertise in geology, chemical analysis and high purity processing are required to convert raw mineral quartz into a high purity, high value final product. Depending on the geological setting, fluid and/or mineral inclusions need to be removed by applying tailor-made technology. Remnant hydrothermal fluids from which quartz was formed and many different mineral inclusions occur in raw quartz such as iron oxides, phosphates, silicates and heavy minerals. Depending on the final quality and value, processing of the raw quartz into high purity quartz involves advanced comminution technology, physical, thermal and chemical processes.
The Company is confident in Anzaplan's ability to assess its raw quartz and ultimately, should production become a reality, approve future products with potential end user customers.
"Bringing Anzaplan in at this time is a decisive step taken by the Company to further advance our silica project quickly. Environmental studies have also been initiated to establish standards and protocols which will be submitted for permitting purposes should this project move towards production," commented John de Jong, CEO and President. "We look forward to Dr. Haus arriving on site and will report his findings and additional drill assay results shortly."
The Company is also pleased to announce that all 25 Phase One drill holes, comprising 3,693 meters (m), have been completed with both drills now tasked with carrying out the Phase Two drill program. The drill plans are designed to test the extent of Quartzite Unit "G" and the newly discovered "H" Quartzite unit, including their purity, depth, width and the length of extension and depth below surface. Assay results are taking longer than expected; however, the Company has been assured they will be received imminently and on an ongoing basis thereafter. Upon receiving all of the assays and compiling the results, an independent firm will be tasked with preparing a NI43-101 compliant resource report and a corresponding Preliminary Economic Assessment ("PEA").
To view a drill plan map, click on the URL below:
http://www.rogueresources.ca/i/maps/2015-09-22_FemelleSilicaDP.jpg
Closing of Third Tranche
The Company also announces that, subject to regulatory approval, it has closed the third tranche of its previously announced non-brokered private placement through the issuance of 1,500,000 non-flow through units for gross proceeds of $150,000. A total of $1,850,000 (of which $1,058,000 are non-flow through funds) has been raised to date. The shares forming part of the units in this tranche are subject to a 4 month hold period expiring February 8, 2016 and finder's fees in the amount of $7,000 and 70,000 compensation warrants are payable. For further details of the offering see the Company's September 9, 2015 news release. The Company also announces that, subject to regulatory approval, it is extending the private placement until November 24, 2015.
Use of Proceeds for the Offering
Use of proceeds includes advancing the Lac de la Grosse Femelle Silica property by completing the 2015 exploration program as outlined in the Company presentation, be found on its website at www.rogueresources.ca and initiating the 2016 exploration program, including metallurgical testing, further drilling, bulk sampling, resource calculation and PEA.
About Rogue Resources Inc.
With its diverse portfolio of properties, all in good standing, the Company has the ability to focus its efforts and finances on the project that demonstrates the greatest market potential for return. The joint announcement by the Québec Government and Grupo FerroAtlantica, one of the world's largest silicon metal producers, of FerroAtlantica's $382 M investment, supported by government loans, tax credits and preferred power rates, to build a silicon metal plant near our silica property, and the extension by Québec Hydro of high voltage power to within 4 km of the project, is seen as a great foundational point to launch our silica rich quartzite property.
The Femelle Project is located approximately 42 km north of Baie-Saint Paul, situated on the St. Lawrence River, and is 4 km northeast of the Mine Sitec silica mine, in operation for over fifty years. Access to the project is via a paved highway and well maintained forestry access roads.
Qualified Person
The Lac de la Grosse Femelle exploration project is under the direct supervision of Eddy Canova, P Geo., and Senior Vice-President of the Company, a Qualified Persons ("QP") as defined by National Instrument 43-101, assisted by Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., Geo. of Geologica Inc., and Dr. Trygve Hoy, P.Eng., PhD, all independent QPs as defined by National Instrument 43-101. The Company's QP has approved the scientific and technical content of this release.
On Behalf of Rogue Resources Inc.
John de Jong
CEO & President
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 news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements, including timing of completion of exploration work. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.