Rogue Resources Inc.
TSX VENTURE : RRS

Rogue Resources Inc.

December 10, 2014 09:00 ET

Rogue Resources Samples Up to 99.54% SiO2, Identifies 1.1 Km Strike Length on One of Two Quartzite Occurrences on Recently Acquired Quebec Silica Project

- AIRBORNE SURVEY CONDUCTED TO DELINEATE SILICA STRUCTURE

- GEOCHEMICAL ANALYSIS OF SURFACE SAMPLES UNDERWAY

- COMMUNITY CONSULTATION INITIATED

- TIMMINS, ONTARIO REAL ESTATE ASSET SOLD FOR NET PROCEEDS OF $565,000

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 10, 2014) - Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce that exploration has commenced on the Lac de la Grosse Femelle property (the "Femelle Project"), located approximately 95 kilometers northeast of Québec City.

Geochemical sampling was completed on the Femelle Project in September 2014, by Geologica Inc., of Val d'Or, Quebec. Of twenty two samples taken, fifteen surface samples of white quartzites were collected within one of the two quartzite units located on the property. Six of the fifteen samples returned oxide assays ranging between 99.09 to a high of 99.54% SiO2, 0.17 to 0.59% Al2O3, 0.07 to 0.12% Fe2O3, and 0.02 to 0.12% TiO2, with the other nine samples returning oxide assays of 97.61 to a high of 98.94% SiO2. The quartzite unit was also sampled on strike a distance of 1.1 km east-northeast of the southeast sample site with quartzite samples returning oxide assays of 97.61% to a high of 98.66% SiO2, 0.76 to 0.9% Al2O3, 0.16 to 0.2% Fe2O3, and 0.06 to 0.07% TiO2. Samples were analyzed by ALS Chemex in Vancouver, B.C. for whole rock and trace elements (ME-XRF and ME-XRF06).

SAMPLE U83Z19-EAST U83Z19-NORTH SiO2 (%) Al2O3 (%) Fe2O3 (%) TiO2 (%)
J210604 380673 5293976 97.91 0.69 0.1 0.11
J210605 380675 5293978 98.99 0.33 0.1 0.03
J210606 380680 5293975 97.97 0.47 0.08 0.13
J210607 380679 5293975 99.18 0.4 0.07 0.12
J210608 380711 5293954 98.24 0.32 0.07 0.03
J210609 380711 5293954 99.54 0.28 0.07 0.02
J210610 380746 5293952 99.13 0.59 0.11 0.03
J210611 380770 5293950 98.74 0.38 0.09 0.02
J210612 380790 5293947 99.36 0.32 0.08 0.02
J210613 380783 5293943 98.98 0.17 0.08 0.04
J210614 380799 5293937 99.17 0.58 0.1 0.03
J210615 380822 5293943 98.39 0.35 0.11 0.05
J210616 380822 5293943 98.94 0.75 0.09 0.05
J210617 380833 5293943 99.09 0.43 0.12 0.06
J210618 380845 5293945 97.86 0.68 0.18 0.07
J210619 380850 5293950 98.32 0.59 0.21 0.07
J210620 381444 5294625 98.56 0.61 0.11 0.04
J210621 381444 5294625 98.33 0.34 0.16 0.07
J210622 381563 5294416 98.66 0.9 0.2 0.06
J210623 381561 5294425 97.61 0.76 0.31 0.05
J210624 380668 5293971 97.68 1.26 0.27 0.06
J210625 380663 5293966 92.83 4.2 0.68 0.29

http://www.rogueresources.ca/i/maps/Lac-de-la-Grosse-Sample-Location-Silica-QC.jpg

Exploration Update

An airborne Heli-MAG survey was flown over the quartzites of the Femelle Project on December 7, 2014, with preliminary maps and reports to follow. The survey consisted of 321 km of north-northwest oriented flight lines spaced at 100 meters, in an effort to better define under-exposed quartzite on the project.

A comprehensive Phase I exploration plan for 2015 is in the process of being developed and will be released pending the geo-compilation of the air-borne Mag survey. Determining the width and strike length of the two northeast oriented quartzites through mapping and sampling will be one of the Company's first priorities.

Community Consultation

The Company has initiated community consultations and presented its project to various local groups (MRC de Charlevoix, MRC de Charlevoix Est, MRNQ in La Malbaie, the Mairie de St.Urbain, and Zec des Martes). It plans to continue working with the local community as it advances the project.

About the Femelle Silica Project

The Femelle Property is underlain by quartzite sequences with multiple quartzite outcroppings. The quartzites have a high silica content with minimal impurities, generally less than 1%. Commonly referred to as high purity quartz, the silica produced from this type of quartzite is highly sought after.

The Femelle Project is located approximately 42 km north of Baie-Saint Paul, situated on the St. Lawrence River, and 4 km northeast of the Mine Sitec silica mine. The mine has been in operation for over fifty years and the property hosts 10 quartzites of high silica content horizons, (DPV682 Rondot 1979) with four (4) of the quartzites striking NE towards the Femelle Project, adjacent and contiguous to the NE corner of the Mine Sitec Deposit. Access to the project is via a paved highway and well maintained forestry access roads.

http://www.rogueresources.ca/i/maps/Lac-de-la-Grosse-Regional-Setting-QC.jpg

The Quebec government recently announced a $382 million investment in FerroAtlantica, one of the world's largest silicon metal producers, which is preparing to build a silicon metal plant at Port Cartier, Quebec, located on the St Lawrence River approximately 400 kilometers southeast of the project. This plant is projected to come on stream in June, 2016.

Silica is used as a component for the production of:

  • semi-conductors
  • LCD displays
  • fuse quartz tubing
  • microelectronics
  • solar silicon applications (solar panels)
  • silicon-anode lithium batteries
  • quartz kitchen counter tops
  • silicon-metal
  • ferro-silicon

Silicon Metal Market Outlook Report, published on March 28, 2014, reports that the resumption of stronger growth in demand has improved the prospects for the silicon market. "Recent price gains can mainly be attributed to tightening supply due to low current levels of production in Brazil and China, but increasing demand will sustain these gains and support a further rise in silicon prices through to 2017."

Sale of Timmins, Ontario Real Estate Asset

The Company closed the sale of the Timmins office complex on November 28, 2014 with net sale proceeds of $565,000. The proceeds of the sale will be used to advance the properties through exploration.

Options

The Company announces that it has issued 1,655,000 stock options to directors, officers, employees and consultants of the Company at an exercise price of $0.05 and an expiry date of December 10, 2021.

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 THE BOARD OF DIRECTORS

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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