Rogue Iron Ore Corp.
TSX VENTURE : RRS

Rogue Iron Ore Corp.

February 29, 2012 07:30 ET

Rogue Iron Ore Commences Metallurgical Testing on Radio Hill Iron Ore Project

- METALLURGICAL TESTING TO PROVIDE CONCENTRATION CHARACTERISTICS, ENERGY REQUIREMENTS FOR BENEFICIATION

- CORE PROVIDED FROM CURRENT 10,000 METER DRILL PROGRAM, 6,500 METERS DRILLED TO DATE, RESULTS FROM APPROX. 3,100 METERS ANNOUNCED SO FAR

- PROJECT INFRASTRUCTURE INCLUDES CN RAILWAY MAINLINE, HIGHWAY, AND POWER

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company") is pleased to announce it has commissioned SGS Lakefield to conduct metallurgical testing on its Radio Hill Iron Ore project located 80 km southwest of Timmins, Ontario. The testing will be completed in conjunction with a NI 43-101 compliant resource estimate.

"The objective of this study is to first establish the specific characteristics of the final concentrate product that might be produced at Radio Hill and in doing so help determine who potential buyers of such material might be. Based on the positive results from historical metallurgical testing we remain optimistic the material from Radio Hill will produce a clean, high-grade product," commented Company President and CEO, Stephen de Jong. "Sufficient drilling has now been completed to provide SGS with a sample large enough to be representative of the project. This program will also provide insight into the energy requirements needed to liberate the iron magnetite from the host rock. This information is vital as energy consumption is a key factor in overall project economics."

The objective of the metallurgical testing is to confirm and optimise the beneficiation flowsheet for the Radio Hill deposit. The overall project will be divided into four phases: phase (1) scoping and metallurgical flowsheet development; (2) grinding and variability testing; (3) confirmatory grinding testing and grinding circuit design; and (4) pilot plant confirmation.

Two master composites weighing roughly 85 kg each of crushed drill core rejects will be used for phase 1 of the study. Each master composite will be stage-crushed to minus 10 mesh and sub-samples will be submitted for Particle Size Analysis and mineralogy by size, in order to determine liberation of minerals, in particular magnetite. The head assay determinations will consist of whole rock analysis (WRA) for oxides, weight loss on ignition (LOI), sulphur, total carbon followed by an ICP-Scan, as well as Satmagan determination to establish magnetite content. A head charge will also be stage-pulverised to 100% passing 200 mesh and screened into 5 size fractions, WRA, total sulphur, Satmagan and detailed mineralogy will be completed on 5 size fractions.

The mineralogical analysis will include X-ray diffraction (measures the relative abundance of minerals) and QEMSCAN analysis using the PMA routine (particle mineral analysis), in order to measure mineral abundance and mineral liberation.

Bench scale test work will provide a beneficiation flowsheet on two composite samples in order to confirm the flowsheet derived in previous studies and will include coarse dry cobbing and Davis Tube testing on various grind sizes to confirm the final grind requirement. Three stages of low-intensity drum magnetic separators (LIMS) will be used to determine the recovery of ferromagnetic materials from non-magnetic materials. Silica floatation studies will also be conducted. Finally, a detailed chemical analysis will be conducted on the final concentrate which will include: Full ICP-MS Scan; total iron (Fe, by chlorite titration); mercury; chlorine; total carbon; fluorine; sulfur; ferrous iron; particle size analysis; and specific gravity.

The metallurgical testing will be conducted by SGS Lakefield, Ontario. SGS Lakefield is a recognized world leader in iron ore processing and analysis.

To view an interactive map outlining the Radio Hill Iron Ore Project please click on the following link:
http://www.brmstatpack.com/lt/1001/1241/radio-hill-map---feb21-2012

RECENT NEWS:

January 23, 2012: the Company changed its name from Rogue Resources Inc. to Rogue Iron Ore Corp. to better reflect its primary focus. The Company's TSX Venture stock symbol has remained the same (RRS). The Company also launched an updated website which includes current information on Radio Hill including a Google Map highlighting the projects advantageous location and proximity to infrastructure.

February 2, 2012: the Company announced it had appointed Roger Walsh as a strategic advisor to the Company to help assess and explore various scenarios for both Radio Hill and the Company's non-core assets, including its Langmuir Nickel Project.

February 13, 2012: the Company announced it intersected 171 meters of 42% total iron with 30% DTWR in addition to other holes. These results were the second announced from the Company's first phase of drilling.

February 21, 2012: the Company announced it had intersected 150 meters of 45% total iron with 36.5% DTWR in addition to the remaining holes from its first 3,000 meters of drilling.

ABOUT RADIO HILL

The Company initiated a two-phase 10,000 meter program in August 2011 in order to define a NI-43101 compliant resource on its Radio Hill Iron Ore Project. As of February 28, 6,500 meters had been completed with results announced for approximately 3,100 meters.

The Radio Hill property is transected by a heavy gauge portion of the CN Rail mainline at the active Kukatush rail siding. There is power and water in the immediate vicinity and Highway 101 to Timmins is located only 8 km by road to the north of the present drilling. In addition to the 5 km strike length of the Radio Hill formation, 2.5 km of which is being tested in the current drill program, the property contains a 12 km long magnetic feature known as the Nat River Iron Formation. The Nat River Formation is easily identified in both Company geophysical and Government geological maps and has not been explored aside from 6 diamond drill holes in a concentrated area in 1960.

ABOUT ROGUE IRON ORE CORP.

Rogue Iron Ore is an iron exploration and development company with offices in Vancouver BC, and Timmins, ON. The Company's primary asset is its Radio Hill Iron Project located 85km southwest of Timmins, Ontario.

Key Company milestones expected in the near term are:

  • Ongoing results from drilling at Radio Hill Iron Project
  • Completion of Radio Hill resource estimate
  • Announcement of JVs or other partnerships on non-core assets
  • Appointment of key personnel to technical and management teams

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong, President & CEO

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Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release, including statements regarding the use of the proceeds from the private placement, constitute forward-looking statements. 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 required to complete the Company's planned exploration activities, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities 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, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. 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.

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.

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