Rogue Announces Selected Grab Sample Grading 99.59% SiO2 on Snow White's New Pure White Zone, One Kilometer South of the Main Zone
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
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- A selected grab sample from the newly identified Pure White Zone has high purity quartz grading 99.59% SiO2, 0.08% Al, 0.037% Fe, and 0.005% Ti
- Pure White is located approximately 1,000 metres south of Snow White’s Main Zone
- The Mirror Zone is located along the high purity quartz trend between the Main Zone and Pure White
- Rogue is developing a future exploration program to map and sample the Mirror and Pure White Zones
- Snow White Main Zone Resource to be released by end of week
- A Corporate Update conference call will be held with investors on Wednesday, August 8th at 12:00 pm EST, to discuss the forthcoming Snow White Main Zone Resource and update on the 2018 Plan
TORONTO, July 30, 2018 (GLOBE NEWSWIRE) -- Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce the analytical result for the high purity silica from a selected grab sample taken from a new zone named the Pure White Zone on the Snow White quartz project, located near Massey, Ontario, Canada (“Snow White” or the “Project”).
The discovery of the Pure White Zone extends the known high purity quartz mineralization approximately 1,000 metres south of the Main Zone Quarry along a south-southwest trend on the Snow White Property (see Figure 1). Analysis by ALS Global of a selected grab sample taken from the Pure White Zone reported 99.59% SiO2, 0.08% Al, 0.037% Fe, 0.005% Ti, 0.01% Ca and 0.001% P. The chemical composition of this sample meets the specifications required for the production of Metallurgical Grade Silicon (“MG-Si”).
A grab sample is a selected sample that is not necessarily representative of the mineralization hosted on the Pure White Zone and further work is required to define the boundaries and continuity of the quartz at the Pure White Zone.
“The discovery of a new high purity quartz outcrop, a kilometre south of the Main Zone, when combined with the Mirror Zone, is an excellent indicator of the potential of the Snow White Property,” states Sean Samson, President and CEO. “M.Plan is now finalizing the initial resource estimate for Snow White’s Main Zone and it will be released in the coming days. The identification of additional high purity silica in outcrop, with a pure white colour along the mineralized trend potentially provides a source of future material that meets the specifications for MG-Si and the specialty silica markets.”
The Main Zone and the Pure White Zone are separated by a zone referred to as the Mirror Zone located approximately 400 to 700 metres south of the Main Zone (see Figure 1). High purity quartz mineralization had been identified on the Mirror Zone prior to the acquisition of the project by Rogue with stripping of the area that exposed the quartz vein system. Rogue has not yet confirmed the previously completed analysis from the Mirror Zone.
To view Figure 1, please visit http://www.globenewswire.com/NewsRoom/AttachmentNg/9ec8b397-94fd-4dec-85d4-8557916640de
The Company is developing an exploration program with the objective to determine the near surface high purity silica mineralization contained within the existing quarry permit boundaries. The exploration program will be designed to map, strip and systematically sample the Pure White and Mirror Zones. Exploration could include mechanical stripping of the mineralized zones followed by detailed mapping and channel sampling to define the grade and continuity of the high purity silica.
Corporate Update Conference Call
Rogue is pleased to host a conference call with management Wednesday August 8th, 2018 at noon Eastern (9am Pacific, 6pm in Western Europe). Rogue CEO Sean Samson and VP, Technical Paul Davis will give a corporate update, reviewing progress made in 2018, explaining the forthcoming Main Zone Resource and the Corporate objectives moving forward. The Corporate Presentation will be followed by a brief question and answer period. Interested investors should forward questions in advance to questions@rogueresources.ca. Dial-in numbers to access the conference call as well as a new corporate presentation (including an overview of the forthcoming Main Zone Resource) will be available at noon on Tuesday, August 7th, 2018 through our webpage, www.rogueresources.ca. As with past calls, a playback of the call will be available online on our website soon after the call ends.
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock value and good grade deposits that can withstand all stages of the commodity price cycle. The Company remains focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Quebec, exploring its other assets, including the gold potential at Radio Hill and nickel potential at Langmuir, and identifying additional projects or mines that meet its criteria.
For more information visit www.rogueresources.ca.
Qualified Person
The Company’s Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person (“QP”) as defined by NI 43-101. He has reviewed and approved the technical information contained in this press release.
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:
This news release contains certain statements or disclosures relating to the Company that are based on the expectations of its management as well as assumptions made by and information currently available to the Company which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “continue”, “potential” and similar expressions, or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved. In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the following: the Private Placement; the Units, FT Units, Warrants and FT Warrants; the expected date of closing of the Private Placement; the expected use of proceeds from each of the Unit Offering and the FT Unit Offering; jurisdictions where the Unit Offering and FT Unit Offering will be made; Finder’s Fees and Finder’s Warrants; the statutory hold periods applicable to the securities underlying the Units and FT Units; and the applicability of exemptions from prospectus and registration requirements of applicable securities laws. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain applicable permits and regulatory approvals; activities of governmental authorities (including changes in taxation); currency fluctuations; the global economic climate; and competition.
The Company believes that the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: general economic, market and business conditions; the Private Placement may not be completed in the timelines anticipated, in the manner anticipated or at all; the required regulatory approval for the Private Placement, including the approval of the TSXV, may not be obtained; the Company’s properties may not have the results currently anticipated by the Company; the Company may be unable to resolve geological, mechanical, regulatory or operational issues in the timelines anticipated, in the manner anticipated or at all; increased costs and expenses; reliance on industry partners; risks related to operations, government and environmental regulation, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; risks in the marketability of minerals; fluctuations in the commodity prices; fluctuation in foreign exchange rates and interest rates; stock market volatility; and certain other risks detailed from time to time in the Company’s public disclosure documents including, without limitation, those risks identified in this news release, and in the Company’s most recent annual and interim management’s discussion and analysis, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration is available.
For additional information regarding this news release please contact: Sean Samson info@rogueresources.ca