Oct 20 2015
Rogue Resources Inc. ("Rogue" or the "Company") is pleased to announce that it has airfreighted a 250 kilogram ("kg") silica bulk sample from the "G" quartzite unit on the Lac de la Grosse Femelle silica project ("Femelle") located approximately 42 kilometers ("km") north of Baie-Saint Paul, Québec, to Dorfner Anzaplan, arriving in Munich, Germany approximately ten days ago. Anzaplan will carry out an evaluation of the bulk sample applying their highly effective chemical and thermal processing techniques and other process concepts for improving mineral liberation from the silica.
Dr. Reiner Haus, an Anzaplan representative, will be on site from October 19th to 21st, and on October 22nd will meet with the Company's assay lab contractor in Québec City, along with Company personnel. The site visit by Dr. Haus will assist with the evaluation and selection of other samples of quartzite to be tested.
Anzaplan is a full service specialist in high-value industrial and strategic minerals offering international customers a complete one-stop shopping solution across all phases of the economic evaluation and development of industrial, specialty and strategic minerals projects such as high purity quartz. Testing and analyses are carried out in their own laboratories and test center, using state-of-the-art analytical methods or pilot plant processing. For more information about Anzaplan visit www.anzaplan.com.
Specific expertise in geology, chemical analysis and high purity processing are required to convert raw mineral quartz into a high purity, high value final product. Depending on the geological setting, fluid and/or mineral inclusions need to be removed by applying tailor-made technology. Remnant hydrothermal fluids from which quartz was formed and many different mineral inclusions occur in raw quartz such as iron oxides, phosphates, silicates and heavy minerals. Depending on the final quality and value, processing of the raw quartz into high purity quartz involves advanced comminution technology, physical, thermal and chemical processes.
The Company is confident in Anzaplan's ability to assess its raw quartz and ultimately, should production become a reality, approve future products with potential end user customers.
"Bringing Anzaplan in at this time is a decisive step taken by the Company to further advance our silica project quickly. Environmental studies have also been initiated to establish standards and protocols which will be submitted for permitting purposes should this project move towards production," commented John de Jong, CEO and President. "We look forward to Dr. Haus arriving on site and will report his findings and additional drill assay results shortly."
The Company is also pleased to announce that all 25 Phase One drill holes, comprising 3,693 meters (m), have been completed with both drills now tasked with carrying out the Phase Two drill program. The drill plans are designed to test the extent of Quartzite Unit "G" and the newly discovered "H" Quartzite unit, including their purity, depth, width and the length of extension and depth below surface. Assay results are taking longer than expected; however, the Company has been assured they will be received imminently and on an ongoing basis thereafter. 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").
To view a drill plan map, click on the URL below:
http://www.rogueresources.ca/i/maps/2015-09-22_FemelleSilicaDP.jpg
Closing of Third Tranche
The Company also announces that, subject to regulatory approval, it has closed the third tranche of its previously announced non-brokered private placement through the issuance of 1,500,000 non-flow through units for gross proceeds of $150,000. A total of $1,850,000 (of which $1,058,000 are non-flow through funds) has been raised to date. The shares forming part of the units in this tranche are subject to a 4 month hold period expiring February 8, 2016 and finder's fees in the amount of $7,000 and 70,000 compensation warrants are payable. For further details of the offering see the Company's September 9, 2015 news release. The Company also announces that, subject to regulatory approval, it is extending the private placement until November 24, 2015.
Use of Proceeds for the Offering
Use of proceeds includes advancing the Lac de la Grosse Femelle Silica property by completing the 2015 exploration program as outlined in the Company presentation, be found on its website at www.rogueresources.ca and initiating the 2016 exploration program, including metallurgical testing, further drilling, bulk sampling, resource calculation and PEA.
Source: http://www.roguemining.com/