- ALL EXPLORATION CONTRACTOR'S AGREEMENTS SIGNED
- LINE CUTTING CREW ON SITE
- AIRBORNE VLF GEOPHYSIC SURVEY IMMINENT
- GEOLOGICAL MAPPING TO BEGIN
- QUARTZITE CHANNEL SAMPLING FIRST STEP TO INITIAL ASSAYING PROCESS
- DRILL SITES FOR PLANNED 2015 DRILLING TO BE IDENTIFIED AND PREPARED
- DRILL PROGRAM TO COMMENCE EARLY IN Q3
- FIRST NATIONS AGREEMENT FOR RESOURCE DEVELOPMENT REACHED
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 26, 2015) - Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce that line cutting crews have been mobilized in preparation for exploration on the Lac de la Grosse Femelle silica project ("Femelle") located approximately 42 kilometres ("km") north of Baie-Saint Paul, Québec, situated on the St. Lawrence River, and 4 km northeast of Sitec's operating silica mine.
"The exploration drill program has been designed to help the Company further interpret the "G" and "D" quartzite structures and incorporate these structures into a resource estimate planned for early 2016," commented Company President and CEO, John de Jong. "Our first priority is to determine the widths, strike length and structures along the east-northeast trending quartzites as well as follow up on high purity silica assays of samples taken in September, 2014."
2015 EXPLORATION PLANS
MAY/JUNE 2015
EXPLORATION PURPOSE
Work planned at surface is to physically define the high purity silica zones along the quartzites of Zone E and Zone G (sample J210609 assaying 99.54% SiO2, see press release December 16, 2014) as well as localizing the quartzites of Zone D.
To view a geological map of the Femelle project, click on the URL below: http://www.rogueresources.ca/i/maps/Geology-Map.jpg.
A second phase airborne geophysics program will be completed to better define the widths, strike length and structures along the east-northeast trending quartzites. This information will help define future drill targets.
To view results from the recent heliborne MAG survey, click on the URL below: http://www.rogueresources.ca/i/maps/Rogue-Heliborne-MAG-Survey.jpg.
GEOLOGICAL SURFACE MAPPING/IDENTIFICATION OF QUARTZITES
CHANNEL SAMPLING
GROUND GEOPHYSICS
AIRBORNE HELI-VLF GEOPHYSICS SURVEY
BASELINE DESKTOP STUDY
JULY/AUGUST/SEPTEMBER/OCTOBER 2015
EXPLORATION PURPOSE
Results of the geophysics airborne VLF, ground magnetics and radio-metrics, geological mapping, and assay results of collected samples will be compiled and integrated into the existing airborne geophysics to generate favorable and prospective high purity quartzite drill targets for the planned drill program.
Planned drilling is designed to determine the extent of Quartzite Units "G" and "D", including their purity, depth, width, and the length of extensions beyond what is visible on surface.
DRILLING
NOVEMBER/DECEMBER 2015
EXPLORATION PURPOSE
Demobilize site, compilation of all data, and preparation for a resource calculation.
COUNCIL OF THE HURON WENDAKE NATION
The Company recently signed a Memorandum of Understanding ("MOU") with the First Nations council of the Huron Wendake Nation with mutual benefits for both parties. The Company and First Nations have pledged to work together as the project moves forward.
COMMUNITY AND AREA CONSULTATIONS
The Company continues community consultations in the region with various community groups such as Zec des Martres, and the Municipal Regional Offices of St. Urbain, Baie St. Paul and MRC de Charlevoix. Discussions with a number of producing and past producing silica mine operators and owners is ongoing, and the Company is actively sourcing potential buyers for future silica production and off-take agreements.
CONTRACTS/AGREEMENTS SIGNED
About Rogue Resources Inc
Rogue is unique in that its portfolio of properties includes a nickel deposit at Langmuir located approximate 40 km south of Timmins, Ontario, an iron ore deposit at Radio Hill situated 70 km west of Timmins, and its silica rich Lac de la Grosse Femelle property located east of Québec City, Québec.
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 recent investment of $382 M by the Québec provincial government in Grupo FerroAtlantica, one of the world's largest silicon metal producers, to build a silicon metal plant located near our silica property is a great foundational point to launch this 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., both 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.
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