Sector NewswireTM

Sector: Mining - Metals and Minerals   :

 

News Release -  October 2, 2015 4:15 PM ET 

 

 

Rogue Resources Continues High-Grade Intercepts; Drill Core Assays up to 99.6% SiO2 and "H" Quartzite Channel Samples Assays up to 99.9% Silica, Drill Program Increased to 7,500 Meters

 

NEW YORK, NY, October 2, 2015 /Sector Newswire/ - Rogue Resources Inc. (TSX-V: RRS) (US Listing: GCRIF) this week announced an update on exploration efforts on its Lac de la Grosse Femelle silica project in Quebec, including continued high-grade/high-purity silica drill results and channel samples up to 99.9% Si02 (see further below for copy of the related September 28, 2015 Company release).

 

Rogue's Femelle Project appears to host a massive near-surface high-purity silica deposit

 
Extrapolating exploration channel sampling data and drill data to date, it is evident Rogue Resources is in the process of quantifying what appears to be a spectacular high-purity silica deposit. The deposit has two road accesses directly to the main quartzite and the material appears easily exploitable. Rogue is in the process of proving up the consistency and purity of the deposit over a large volume, the visually identified strike of one lens ('G'-unit) alone is now 1.5 km. The channel sampling performed to date has already covered the entire width of the lens and if the current drilling campaign affirms the depth of what it now known at surface it is not unreasonable to conservatively expect several million tonnes of shovel-ready high-purity silica to be moved toward first-pass resource estimate planned for early-2016.

 

Figure 1. Sitec adjacent RRS.V

Figure 2. Sitec adjacent RRS.V

 
Valuation commentary: The news pipeline is full of potential catalysts to lift the stock price of RRS.V to reflect the magnitude of what is increasingly becoming apparent and rapidly becoming reality. Market Equities Research Group believes an increase in share price and gravitation of the market capitalization of RRS.V closer to CDN$25 million is in store near-term.

 

Investors establishing a long position in RRS.V now will have the opportunity to experience gains similar (if not better) to those experienced by investors in that had the foresight to have invested in SNS.V which went from well-under 10 cents to over 45 cents in H1-2015 -- initial sampling results appear to indicate Rogue Resources has grades superior to those of SNS.V.

 

RRS.V has 47.4 million shares outstanding (~68.7M fully diluted) and is well capitalized to execute on objectives for 2015. The market cap of RRS.V is >CDN$7 million and presents an exceptional risk-reward scenario as Rogue's silica deposit appears quick to resource. The inherent value of Rouge's assets justifies a market cap several times the current and as the reality/success of exactly what RRS.V possesses becomes more apparent to the market this will translate to a market success for investors astute enough to establishing a long position in RRS.V now. Also important to note is the fact management of Rogue has a track record of recent success in the mining sector and they are supported by a highly experienced office staff that it shares with Integra Gold. Rogue has grades superior to its neighbor which has been profitably in production for decades -- Market Equities Research Group expects favorable results from the 7,000 m drill program (now underway), and favorable results materializing will have potential to act as a catalyst for considerable upside share price revaluation.

 

Sector Newswire has identified the following research links for additional DD on Rogue Resources Inc.:

 

  - Rogue Resources Inc. corporate website: www.rogueresources.ca
  - SEDAR Filings for Rogue Resources Inc.: http://sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00008485

  - Recent Mining Journal review of Rogue Resources Inc.: http://miningmarketwatch.net/rrs.htm

  - Q1-2015 interview of Rogue's President/CEO by Secutor Capital Management: http://sectornewswire.com/Analyst-Interview-RRS-Jan-2015.pdf

  

Excerpts of Rogue Resources' latest (September 28, 2015) news release: 

Rogue Resources Announces Drill Core Assays up to 99.6% SiO2 and "H" Quartzite Channel Samples Assays up to 99.9% Silica, Drill Program Increased to 7,500 Meters

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 28, 2015) -

  • CHANNEL SAMPLES COLLECTED ON QUARTZITE UNIT "H" ASSAY UP TO 99.9% SiO2
  • 21 OF 25 PHASE ONE DRILL HOLES COMPLETED
  • PHASE TWO DRILLING UNDERWAY
  • DRILL CORE ASSAYS ON 'G' QUARTZITE UNIT ASSAY UP TO 99.6% SiO2
  • SECOND DRILL ON SITE
  • DRILL PROGRAM INCREASED TO 7,500 METERS

Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to announce that assay results from the Lac de la Grosse Femelle silica project ("Femelle") located approximately 42 kilometers ("km") north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine have been received. The drill core assays from the first drill hole completed on the 'G' quartzite unit returned assays of up to 99.6% silica. The channel sample assay results of samples R13B, R13C, and R13D recorded up to 99.9% high purity silica SiO2, were taken from the newly discovered "H" pure white, coarse-grained, massive and crystalline quartzite unit that demonstrates no apparent discolouration.

"The high purity silica assays of up to 99.6% in the drill core, coupled with the high purity silica assays of up to 99.9% from the three additional channels collected on the "H" quartzite unit is highly encouraging", commented Company President and CEO, John de Jong. "The assays from the first drill hole are significant as they parallel to a large degree the channel sample assays located at surface above this hole. We look forward to receiving the assay results from successive drill core over the coming weeks and months, as we complete our 2015 drill program. This information will give us the data necessary to calculate the volume and consistency of silica purity throughout the quartzite units for a planned resource calculation in the New Year."

Drill Hole GF15-1 Overview

  • Located 25 metres ("m") southeast of channel R6 and under channel R6 on the "G" quartzite zone
  • 177 m in depth with 72 samples collected in the quartzite unit "G"
  • 72 samples collected for a total sampling length of 113.5 m
  • 71 samples in the quartzites total length of 111.5 m or 42.5 m true width
  • 23 of 42 samples returning assays ranging from 99.0% to 99.6% SiO2 over combined width of 38.2 m

Sequence of Assayed Silica Oxide Contents (Over 99.0% SiO2)

    • Sequence 1: 8.7 m core length (16.0m to 24.7m) or 3.3 m true width
      • 2 of 8 assays 99.0% and 99.1% SiO2
      • 8.7 m interval assayed between 98.1% to 99.1% SiO2
    • Sequence 2: 5.3 m core length (46.3 m to 51.6 m) or 2.0 m true width
      • 2 of 3 assays 99.0% and 99.1% SiO2
      • 5.3 m interval assayed between 98.3% SiO2to 99.1% SiO2
    • Sequence 3: 25.6 m core length (53.6 m to 79.2 m) or 9.8 m true width
      • 12 of 18 assays 99.1% to 99.1% SiO2
      • 25.6 m interval assayed between 98.6% SiO2to 99.6% SiO2
    • Sequence 4: 30.0 m core length (90.0 m to 120.0 m) or 11.4 m true width
      • 7 of 13 assays 99.0% to 99.3% SiO2
      • 30.0 m interval assayed between 98.2% SiO2to 99.3% SiO2

The high purity quartzites are white, coarse, crystalline, and massive. Little or no apparent pink staining was observed.

Please see sectional map here: 
http://www.rogueresources.ca/i/maps/2015-09-22_FemelleSilicaSGF15-1_qEHt45.pdf

For further information, please reference Table #5 at the URL below or at the end of this news release:
http://www.rogueresources.ca/i/pdf/2015-09-28_RRS_Tables_qEHt45.pdf

The Company is also pleased to announce that it has expanded its current drill program to 7,500 meters. Twenty one of the 25 Phase One drill holes, comprising 3,150 m have been completed to date. An additional drill arrived on September 17th and has already completed two holes for a total of 350 m of the Phase 2 drill program. With the arrival of the second drill, all drilling, including the additional meters, are expected to be completed prior to the end of November. The drill plan has been designed to test the extent of Quartzite Unit "G" and the newly discovered "H" Quartzite unit, including their purity, depth, width and length of extension below surface. 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").

Channel Sample Update
Channel R13B, R13C and R13D collected on the "H" quartzite unit located 230 m north-northeast of the 1.65 km strike length "G" quartzite unit returned assays of up to 99.9% high-purity silica Si02. Channel sampling demonstrate that the quartzites are white, of high purity and have minor amounts of secondary minerals.

To view a drill and channel sampling location map click on the link below:
http://www.rogueresources.ca/i/maps/2015-09-22_FemelleSilicaDP_qEHt45.pdf

Channel Sample Results
Channel samples, R13B, R13C and R13D, consisting of 39 samples totaling 63.8 m of channelling were delivered to SGS Laboratories in Québec City, Québec. Assay results for 39 samples over 63.8 m from channels R13B, R13C, and R13D from the newly discovered quartzite unit "H" have been received.

Channel R13B Details

  • Located 24 m southwest of channel R13 on the "H" quartzite zone
  • Total channel sample length 50.5 m
  • 9 of 39 samples returned assays ranging from 99.0% to 99.9% SiO2 over combined width of 14.5 m

Sequence of Assayed Silica Oxide Contents (Over 99.0% SiO2)

    • Sequence 1: 1.6 m
      • 1.6 m interval assayed 99.2% SiO2
    • Sequence 2: 12.0 m
      • 3.0 m interval assayed 99.8% to 99.9% SiO2
      • 1.5 m interval assayed 99.0% SiO2
      • 3.5 m interval assayed 99.2% to 99.7% SiO2
    • Sequence 3: 2.0 m
      • 2.0 m interval assayed 99.0% SiO2

For further information, please reference Table #1 at the URL below:
http://www.rogueresources.ca/i/pdf/2015-09-28_RRS_Tables_qEHt45.pdf

Channel 13C Details

  • Located 22 m southwest of channel R13 on the "H" quartzite zone
  • Total channel sample length 9.3 m
  • 2 of 5 samples returned assays ranging from 99.0% to 99.1% SiO2 over combined width of 3.3 m

Sequence of Assayed Silica Oxide Contents (Over 99.0% SiO2)

    • Sequence 1: 2.0 m
      • 2 m interval assayed 99.0% SiO2
    • Sequence 2: 1.3 m
      • 1.3 m interval assayed 99.1% SiO2

For further information, please reference Table #2 at the URL below:
http://www.rogueresources.ca/i/pdf/2015-09-28_RRS_Tables_qEHt45.pdf

Channel 13D Details

  • Located 16 m south of channel R13 on the "H" quartzite zone
  • Total channel sample length 4.0 m

Two samples returned assays just below 99.0% SiO2 of 98.8% and 98.9% over combined widths of 4.0 m
The high purity quartzites are white, coarse, crystalline, and massive. No apparent staining was observed.

For further information, please reference Table #3 at the URL below:
http://www.rogueresources.ca/i/pdf/2015-09-28_RRS_Tables_qEHt45.pdf

Drilling Update
All 32 drill pads have been prepared to date. Drilling takes place 24 hours per day and both Phase One and Phase Two programs are scheduled to be completed by mid-to-late November. As part of the Company's commitment to preserve the local fauna and forest, remediation of each drill site and access point takes place immediately upon leaving the location and as the project progresses.

To date 23 drill holes have been completed, GF15-1 to GF15-23 (Table #6 & 6B), for a total of 3,150 m. Fourteen drill holes, GF15-1 to GF15-3, GF15-5 to GF15-13, GF15-21 and GF15-23, intersected quartzite over a strike length of 550 m on the western end of the Quartzite G (See map link). The quartzite has a true width of 76 m to 94 m of white to pinkish-red quartzite that is coarse, crystalline and massive to banded. On the eastern side of Quartzite G, five drill holes, GF15-17 to GF15-20 and GF15-22 (See map link), intersected quartzite over a strike length of 410 m with true widths of 35 m to 76 m that widens and remains open eastward. The quartzite is white, coarse, crystalline, and massive.

Quartzite H, located 225 m north of Quartzite G, was drilled by hole GF15-4 intersecting 44 m of white quartzite, coarse grain, crystalline and massive. The quartzite is open in both directions, east-west, and will be drilled within the next several weeks.

For all drill tables and information relating to planned and completed drill holes, quartzite lengths intersected and samples collected in each drill hole please reference URL below and scroll through the tables.
http://www.rogueresources.ca/i/pdf/2015-09-28_RRS_Tables_qEHt45.pdf

Private Placement 
The Company is pleased to confirm that to date it has raised $1,700,000 of the $2,500,000 non-brokered private placement announced on September 9, 2015. The balance of the placement is expected to close on October 2, 2015.

Use of Proceeds for the Offering 
The proceeds from the offering will be used to advance the Lac de la Grosse Femelle Silica property by completing the 2015 exploration program outlined in the Company presentation available on its website. The proceeds will also be used to initiate the 2016 exploration program which will include metallurgical testing, further drilling, bulk sampling, resource calculation and PEA as well as for general working capital...

...click here for full copy from source

  

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This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.

 

 

SOURCE: Sector Newswire editorial; referencing Market Equities Research Group market bulletin September 4, 2015, and Rogue Resources Inc. September 2, 2015 news release.

editorial@SectorNewswire.com

 

 

 

  

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