Rogue Resources Inc.

Rogue Resources Inc.

August 16, 2011 08:30 ET

Rogue Resources Announces Exploration Plans on Radio Hill Iron Ore Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 16, 2011) - Rogue Resources Inc. (TSX VENTURE:RRS) (the "Company") announces it has initiated its exploration program on the Company's flagship Radio Hill Iron Ore property, located 85 km southwest of Timmins, Ontario. Drilling is expected to commence this month. The Company announced in July it has entered into a drilling contract with Orbit Garant Drilling Inc. (TSX:OGD). The first phase of work will begin with drilling on the southern portion of the project and is part of a larger 10,000 m program. The Radio Hill deposit* was developed in the 1960s by Kukatush Mining Corp. who spent an estimated $10 million on exploration and metallurgical work including 140 drill holes and a number of metallurgical studies. Following resource definition a feasibility study was initiated and was deemed encouraging enough that Kukatush built a railway siding and grade from the Canadian National (CN) mainline to the deposit, a distance of about 4 km.

The Company's exploration and management team conducted a site visit in July with its consulting group, SGS Geostat ("SGS"), who have been retained to compile a NI 43-101 compliant resource calculation for Radio Hill. Following a review of the historical work, an initial 3,100 m drill program will be conducted to confirm the historical geological model and to determine the subsequent steps in the exploration program. This first phase of drilling will comprise the twinning of some historical holes to test the accuracy and geometry of the historical model built in the 1960s. Recent work has focused on locating and geo-referencing historical drill holes.

While building a new resource estimate, the Company will try to use as much of the historical data as possible. In order to confirm the geometry of the old geological model the sedimentary unit that forms the footwall to the banded iron formation will be used as a geological reference. This footwall contact to the south of the deposit is well defined in the historic sections and easily identified in drill core and should provide a good test of the historic model. The proposed drilling program investigates this sedimentary contact over a 1,600 m strike length and should allow for some conclusions on the historical work, its accuracy, and how much duplication of the old work will be required in order to produce a NI 43-101 compliant resource estimate. If the review of the historical geological model satisfies the qualified persons for the project, the Company will proceed with digitizing the historical work for further modelling of the resources. This Phase I drilling could, if desired, also be used to conduct a preliminary resource estimation of the southern portion of the deposit.

Drilling will be conducted by Orbit Garant Drilling Inc. of Val-d'Or and core logging will be conducted in Rogue's exploration office (Falconbridge's former facility) in the city of Timmins.

Radio Hill

The Radio Hill Project is located 85 km southwest of Timmins in an area known for its excellent infrastructure and access to mining expertise. The property's excellent location is complimented by its easy access to rail, with the southern portion of the project being transected by the CN Railway mainline.

The historical feasibility study determined by FENCO Ltd. indicated a 3.5 concentration ratio (3.5 tons of iron ore produced 1 ton of concentrate) which would produce a concentrate grade of between 66% and 68%. At that time recovery and pelletizing tests were also conducted which included both laboratory and pilot testing of grinding, concentrating and pelletizing practices (Neal and Ridell, 1965). This historic metallurgical test work indicated that a commercially acceptable iron concentrate could be produced from Radio Hill mineralized material using magnetic separation followed by flotation.

Freeman Smith, P.Geo. is the qualified person for the purposes of National Instrument 43-101 and has reviewed the technical contents of this press release.

The Company also announces that under the terms of its Stock Option Plan it has granted 1,595,000 incentive stock options to directors, officers, employees and consultants of the Company, effective August 16, 2011. The options are exercisable into common shares of the Company at $0.26 per share and carry a seven year term.


In June of 2011 the Company completed a financing for $4,600,000 with the use of proceeds primarily allocated for exploration/resource definition at Radio Hill. Because of the advanced stage of the asset the Company's next milestone will be the completion of a NI 43-101 compliant resource estimate.

In addition to the Radio Hill Project the Company has a 100% interest in Langmuir Nickel project which has a NI 43-101 compliant resource estimate of 677,000 tonnes of 1.0% Nickel and 0.06% copper, Measured & Indicated, and 171,000 tonnes of 0.89% Nickel. The Company has contracted SRK Consulting Ltd. to complete a scoping study on the project which is now nearing completion of the metallurgical portion.

The Company also has several large land packages within the Abitibi Greenstone Belt of the Timmins Camp that host VMS, base metal and lode gold potential in addition to gold properties in the Kirkland Lake area and base metal properties in Bathurst, New Brunswick.


Steve de Jong, President & CEO

Follow Rogue Resources On:





*The historical estimates and feasibility values mentioned in this document are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves. The term "ore" in this document is being used in a descriptive sense for historical accuracy, and is not to be misconstrued as representing current economic viability.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

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.

Contact Information