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Feature article August 26, 2015:

 

 

Rogue Resources presents immense upside potential with up to 99.9% purity at flagship silica project

 

5,000 m drill program on now to help quantify volume & consistency of high-purity silica on flagship project -- favorable results materializing will have potential to act as a catalyst for considerable upside share price revaluation.

 

Other core holding assets include its nickel project (with 18 million lbs of nickel) & iron project.

 

Rogue Resources Inc.

(TSX-V: RRS) (US Listing: GCRIF)

  • Experienced management & skilled technical leadership.

  • All projects are located in mining-friendly jurisdictions (Quebec & Ontario), and each project has unique infrastructure advantages.

 

Click here to access January-2015 interview of Rogue Resources' President, CEO, and Director, John de Jong by Secutor Capital Management regarding the Company's core assets and focus.

 

 

Notes from the editor on feature article:

 

Valuation Commentary: Rogue Resources Inc. (TSX-V: RRS) (US Listing: GCRIF) is a uniquely diversified/de-risked junior miner with core assets on three commodity fronts (silica, nickel, and iron). Rogue offers near-term catalyst potential as it advances its 100% owned flagship high-purity silica project toward resource and a potential production scenario. RRS.V has potential for considerable upside share price revaluation as it appears to possess a rare high-purity silica deposit, initial sampling results reveals silica purity of up to 99.9%, and the Company is currently conducting a 5,000 meter drill program to help quantify volume and consistency of the high-purity silica. Rogue Resources appears to have grades superior to its neighbor which has been profitably in production for 50 years, and as Rogue successfully advances its exploration efforts this 2015 the more its share price is apt to rise. Also important to note is that Rogue's nickel and iron holding projects have large inherent value, yet present no drain on capital as they await the next commodity cycle or attracts a joint venture.

 

With 47.4 million shares outstanding (~68.7M fully diluted), RRS.V has a tight share structure, and is apt to rise on good news. The Company appears undervalued; it is well capitalized (as of mid-January-2015 with >$1.5 million in the bank after paying current outstanding invoices and immediate obligations) to execute on near-to-mid-term objectives, and clearly possesses large inherent value in its diversified portfolio which justifies a market cap several times the current. Also important to note is the fact management of Rogue has a track record of recent success in the mining sector and they are supported by a highly experienced office staff that it shares with Integra Gold. Astute investors establishing a long position in RRS.V now will have the opportunity to experience gains similar (if not better) to those experienced by investors in that had the foresight to have invested in SNS.V which went from well-under 10 cents to over 45 cents in H1-2015 -- initial sampling results appear to indicate Rogue Resources has grades superior to those of SNS.V.

 

1) Lac de la Grosse Femelle High-Purity Silica Project, St. Urbain, Quebec (100% owned) -- Rogue Resources is strategically positioned to capitalize on the demand for high-purity silica. High-purity silica is used to create fused quartz for high-tech manufacturing such as solar panels, semiconductors, LCD displays, and lithium batteries, many commercial manufacturing and service applications (e.g. fracking drilling) also use a quality grade of silica in the process. Demand for high-purity silica has risen and this trend is projected to continue. Tightening supply due to current levels of silica production in Brazil and China have contributed to price gains. The increasing demand will sustain these gains and support a further rise in silicon prices through to 2017 (source: CRU, Silicon Market Outlook Report 2014). Prices for economic high-purity silica range from $75 to >$5,000 per tonne depending on % purity.

 

Figure 2. Sitec adjacent RRS.V

Figure 3. Sitec adjacent RRS.V

RRS.V's silica property is located adjacent to the Mine Sitec which has been in operation for the past 50 years. Rogue's neighbor, Mine Sitec, produces ~250,000 tonnes of SiO2 annually and is permitted to operate as a quarry -- at the low end of the price range we estimate Mine Sitec generates near-$20 million in revenue per annum. Considering Rogue is encountering grades better than those found at Sitec and over what appears a very large area, it is not unreasonable to eventually see RRS.V trade based on a future discounted revenue basis as the reality of what it is understood to posses is appreciated by the market -- this will become more apparent when the company completes its resource this 2015 and moves toward feasibility study.

 

Rogue's Femelle Silica Project is underlain by quartzite sequences with multiple quartzite outcroppings. The quartzites have a high silica content with minimal impurities, generally less than 1%. RRS.V's silica property has very good infrastructure support with multiple transportation options (Baie-Saint-Paul on the St. Lawrence River is only 42 km south). The property is easily accessible and traversable.

 

RRS.V has samples up to 99.9% SiO2 and has identified 1.1 Km strike length on one of two quartzite occurrences:

On August 20, 2015 RRS.V announced that assay results from two of fourteen channel sample units comprising 256 samples have been received on the Lac de la Grosse Femelle silica project. The initial assay results are indicative of the high purity silica trends that are contained in the quartzite units; sample units identified contained silica purity of up to 99.9% Si02 (see related Aug. 20, 2015 news release entitled "Rogue Resources Records Silica Purity of Up to 99.9% at the Femelle Silica Project"). Also noted in the release is the progress of the recently initiated drill program; four of the 24 drill holes planned for Phase One drilling have been completed. Of the 24 required drill pads, 15 have been prepared to date. Drilling is designed to test the extent of Quartzite Units "G" and "D", including their purity, depth, width, and the length of extensions below surface. Drilling takes place 24 hours per day and both Phase One and Phase Two programs are scheduled to be completed by mid-to-late November. Pending results, the Company may increase the initial 5,000 meter drill program.

 

Good thicknesses, good continuity, and possibility to discover more: The early exploration program's priority has been to define the high purity silica zones along the quartzites of the "G" quartzite unit as well as localizing the quartzites of the "D" quartzite unit. Works include ground geophysics, airborne heli-VLF geophysics surveys, line cutting, surface geological mapping, sampling of the quartzites at surface and at depths/channel sampling -- results have been used to guide the drill program phase. Airborne radio-magnetometric survey conducted has confirmed over 1 km strike length of silica trend on the Femelle Project. Rogue Resource's Lac de la Grosse High-Purity Silica Project hosts zones that were identified as part of a historic (non 43-101 compliant) resource estimate from 1979 that encompassed the project in part. The nature of the material allows for low cost exploration, quick to resource, and quick to market.

 

High-grade high-purity silica deposits are rare. Uncommon geological formations exist in Quebec that host high-grade SiO2 (with low impurities), and significant investment is being made to advance this sector; Spanish based Grupo FerroAtlantica, one of the largest silicon metal producers in the world, has announced plans for a $382 million silicon metal plant. FerroAtlantica's Port Cartier Plant is located under 400 km from RRS.V's Lac de la Grosse Project. The Port Cartier Plant is expected to be operational in 2017 and produce 100,000 tons of silicon metal.  RRS.V's quartzite silica deposit is top-notch/superior-grade and purity compared to more prevalent quartz sandstones deposits, the superior nature lends the deposit to specialized high-tech industrial interests, and the proximity of RRS.V's high-grade SiO2 project to the ports of the St. Lawrence make it a coveted asset. 

   

2) Langmuir Nickel Project, Timmins, Ontario (100% owned) -- This advanced-stage nickel project is located 35 km SE of Timmins, only 30 km south of Xstrata's Timmins Metallurgical Facility which has an idle nickel circuit. The property is within 3 km of the recently (March 2014) reopened Redstone Nickel Mill/Concentrator. RRS.V has a high-grade Nickel resource on the Langmuir Nickel Project deposit that was discovered in 2007, the discovery hole was 72 m of 1.14% Ni, which is exceptional high-grade. When discovered in 2007 Ni prices were at US$24/lb, Ni prices crashed to ~$4/lb, and have since rebounded in-part. Over $7.5 million has been spent on the project, over 80 holes have been drilled on the deposit, and over 18 million pounds of nickel has been defined; the resource sits at:

  Open Pit - Indicated: 12,816,000 lbs Ni + 840,000 lbs Cu (590,000 T @ 0.99% Ni, 0.06% Cu)
  Open Pit – Inferred: 2,437,000 lbs Ni + 157,000 lbs Cu (125,000 T @ 0.88% Ni, 0.06% Cu)
  Underground – Indicated: 1,997,000 lbs Ni + 149,000 lbs Cu (87,000 T @ 1.04% Ni, 0.08% Cu)
  Underground – Inferred: 923,000 lbs Ni + 53,000 lbs Cu (46,000 T @ 0.91% Ni, 0.005% Cu)

 

Click to view current Nickel prices and to access historical charts of Nickel ===>

 

Besides exceptional high-grade Nickel, the deposit also has quality PGM (palladium and platinum) credits; e.g. In May, 2007 drilling by the Company intersected 1.14% nickel over 72.45 metres, including two separate heavily mineralized intervals of 2.23% Nickel (Ni), 0.22% Copper (Cu), 0.20 g/t Platinum (Pt), and 0.50 g/t Palladium (Pd) over 17.50 metres of drill core, and 1.74 % Ni, 0.12% Cu, 0.20 g/t Pt, and 0.47 g/t Pd over 13.10 metres of drill core. The big upside potential of the property exists in deep geophysical targets not fully tested with diamond drilling -- there exists the possibility of finding a number of these type of deposits throughout the property.

   

3) Radio Hill Iron Project, Timmins, Ontario -- The Radio Hill is a valuable asset that RRS.V can leverage when iron prices improve -- in 1965 the deposit was tested through to the feasibility stage, historically (non 43-101), by FENCO. FENCO was preparing for full production only to be stopped by low iron ore prices. The historic feasibility showed values that would allow for the commercial production of iron ore pellets, with soluble iron concentration at 68.3%, and low values for deleterious elements. Extensive drilling has been carried out on the project, including 140 drill holes into anomalies. In 2011/2012 RRS.V conducted over 10,000 metres of drilling (when iron prices were riding high) and was entertaining metallurgical testing to take the project to resource. With iron prices low the project is in abeyance. Geophysics indicate the possibility exists for considerable expansion/new discovery. The CN Rail mainline crosses through the property ~3km south of the deposit.

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

Figure 4. Subject Company's Logo

Rogue Resources Inc. (TSX-V: RRS)
     

       Rogue Resources Inc. is a Canadian based mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol RRS). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders as RRS.V is a uniquely diversified junior with exposure to three commodities and has several potential near-term upside catalysts, the most immediate being the it's Lac de la Grosse Femelle High-Purity Silica Project in Quebec. 

 

Recent Company news of significance:

 

• August 20, 2015 "Rogue Resources Records Silica Purity of Up to 99.9% at the Femelle Silica Project".

 

• August 14, 2015 "Rogue Resources Commences 5,000 Meter Drill Program at the Femelle Silica Project".

 

• May 26, 2015 "Rogue Resources Silica Project Exploration Program Commences".

 

• February 18, 2015 "Québec Government to Finance Bringing Hydro Power to the Capital-Nationale and Charlevoix Region of Québec".

 

• January 19, 2015 "Rogue Resources Completes Airborne Mag Survey, Confirms Over 1Km Strike Length of Silica Trend".

 

• December 31, 2014 "Rogue Resources Provides Year-End Review and Project Updates".

 

• December 16, 2014 "Rogue Resources Releases NI 43-101 Technical Report on Lac de la Grosse Femelle Silica Project".

 

• December 10, 2014 "RoguRogue 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 Resources Releases NI 43-101 Technical Report on Lac de la Grosse Femelle Silica Project".

 

• November 12, 2014 "Rogue Resources Appoints Eddy Canova Senior Vice President".

 

• September 23, 2014 "Rogue Resources Closes $2.51 Million Private Placement".

 

• August 26, 2014 "Rogue Resources Closes $2.07 Million First Tranche of Private Placement and Receives Approval to Proceed With the Acquisition of the Femelle Silica Project".

 

August 21, 2014 "Rogue Resources Amends Quebec Silica Project Agreement".

 

July 30, 2014 "Rogue Resources Announces Acquisition of Quebec Silica Project and $2.5 Million Private Placement".

  

Below is an overview of several of RRS.V's key interests:

 

   1) Lac de la Grosse High-Purity Silica Project, St. Urbain, Quebec
  . 

   2) Langmuir Nickel Project, Timmins, Ontario
  . 

   3) Radio Hill Iron Project, Timmins, Ontario

   

   

1) Lac de la Grosse Femelle High-Purity Silica Project, St. Urbain, Quebec - 100% Owned -- 8 claims, 462 hectares (2% NSR)

 

 

Figure 10. (above) Map of region - The Lac de la Grosse Property is less than 400 m from the proposed Grupo FerroAtlantica Silica Mill. RRS.V's silica property has very good infrastructure support with multiple transportation options (Baie-Saint-Paul on the St. Lawrence River is only 42 km south). The property is easily accessible and and traversable.

 

High-grade high-purity silica deposits are rare. Uncommon geological formations exist in Quebec that host high-grade SiO2 (with low impurities), and significant investment is being made to advance this sector; Spanish based Grupo FerroAtlantica, one of the largest silicon metal producers in the world, has announced plans for a $382 million silicon metal plant. The Port Cartier Plant is expected to be operational in 2017 and produce 100,000 tons of silicon metal.

 

 

 

Figure 11. (above) - Map of area, RRS.V claim blocks seen in red -- RRS.V's silica property is located adjacent to the Mine Sitec (which operates at A & B in image above). There are 10 quartz mineral horizons on the Sitec property, four (4) of which strike SW-NE towards the Femelle Property of Rogue Resources, which is adjacent and contiguous to the NE of the Sitec Deposit. Moreover, the Femelle Property hosts 2 quartz mineral lithostratigraphic horizons, which are oriented SW-NE as well.

 

Photos from Rogue Resources' Femelle Silica Project:

 

photo 1

photo 2

photo 3

photo 4

photo 5

photo 6

 

photo 7

 

Photos (seen above): The first pictures are of the quartzites on the west road on the property, about 275 meters in height above ground and the last pictures are of the same quartzite unit (G) about 1.1 km to the east on the east road on the property (the road is seen being driven on in the second photo). This unit runs east and west from these locations past the ends of Rogue's claims. Rogue has a huge deposit and if they maintain the purity that was assayed (up to 99.99% to date) it will affirm that they indeed have something really significant.

 

Excerpt from recent new release of significance:

  

Excerpt of August 20, 2015 news release:

 

Rogue Resources Records Silica Purity of Up to 99.9% at the Femelle Silica Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 20, 2015) -

  • ASSAY RESULTS FROM 2 OF 14 QUARTZITE CHANNELS RECEIVED
  • SAMPLE UNITS IDENTIFIED CONTAINING SILICA PURITY OF UP TO 99.9% SiO2
  • FOUR OF TWENTY FOUR PHASE ONE DRILL HOLES COMPLETED

Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce that assay results from two of fourteen channel sample units comprising 256 samples have been received on the Lac de la Grosse Femelle silica project ("Femelle") located approximately 42 kilometers ("km") north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine. These initial assay results are indicative of the high purity silica trends that are contained in the quartzite units.

The Company is also pleased to announce that four of the 24 drill holes planned for Phase One have been completed. In addition to providing core which will be assayed to prove up consistency of silica purity, the drill program is designed to provide the depth of the quartzite units as the width and length are already known visually from surface.

"The assays received thus far are the start of what is hoped to be the validation of the silica purity of the quartzite units first reported in our news release of December 10, 2014, to which we have added a newly discovered quartzite structure (News Release, August 13, 2015)," commented Company President and CEO, John de Jong. "Drilling currently underway is determining the depth of the east-northeast trending quartzites and with the already known length and width seen visually, will not only help determine volume but also the consistency of high purity silica by way of core assay. All of the resultant information will be utilized as we prepare for a resource calculation early in 2016."

Channel Sample Results

Channel samples, R1 - R14, consisting of 256 samples totaling 446.7 meters of channelling were delivered to SGS Laboratories in Quebec City, Quebec. Assay results for channels R6 and R7 consisting of 110 samples totaling 196.5 meters ("m") have been received. (Table 1).

The results of the other 12 channel sample results are pending.

Channel R6 Details:

  • 40 samples submitted
  • Total channel sampling length 72.8 m
  • 30.1 m comprising 20 samples in 5 sequences returned assays of SiO2 (99.0% to 99.8% SiO2)

Sequences of Assayed Silica Oxide Contents (Over 99.0% SiO2)

  • Sequence 1: 10 m (six samples assayed between 99.2% to 99.8% SiO2)
  • Sequence 2: 5.3 m (three samples assayed between 99.1% to 99.7% SiO2)
  • Sequence 3: 5.8 m (three samples, assayed between 99.4% to 99.5% SiO2)
  • Sequence 4: 9.0 m (five samples, assayed between 99.0% to 99.5% SiO2)
  • Sequence 5: 6.0 m (three samples, assayed between 99.0% to 99.7% SiO2)

The higher silica content and purity was in quartzites that were white, coarse crystalline, and massive.

Table #1 - Channel R6

Hole ID Sample From To Width XRF21u Cr2O3 XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u c XRF21u GRA08
  No. (m) (m) (m) Al2O3 Cr2O3 Fe2O3 K2O MgO Na2O SiO2 TiO2 Zr Total S.G.
          % % % % % % % % % % Unity
          0.01 0.001 0.01 0.01 0.01 0.005 0.05 0.01 0.001 0.01 0.01
R6A-0 649143 0.00 2.00 2.00 0.29 0.04 0.37 0.04 0.04 0.04 100 0.05 0.23 101.1 2.68
R6A-0 649144 2.00 3.50 1.50 0.33 0.02 0.37 0.03 < 0.01 0.04 99.2 0.06 0.44 100.5  
R6A-0 649145 3.50 4.50 1.00 0.35 0.05 0.57 0.01 0.02 0.02 99.7 0.07 0.32 101.1  
R6A-0 649146 4.50 6.50 2.00 0.24 0.03 0.39 0.04 0.03 0.03 100 0.05 0.4 101.4  
R6A-0 649147 6.50 8.50 2.00 0.23 0.03 0.34 0.02 0.06 0.03 99.3 0.04 0.29 100.3  
R6A-0 649148 8.50 10.00 1.50 0.27 0.03 0.36 0.03 0.05 0.02 99.8 0.04 0.33 100.9  
R6B-0 649149 0.00 2.00 2.00 0.29 0.04 0.37 0.03 0.03 0.03 99.4 0.04 0.49 100.7  
R6B-0 649150 2.00 3.30 1.30 0.36 0.02 0.35 0.03 0.03 0.04 99.7 0.06 0.43 101.1  
R6B-0 649151 3.30 5.30 2.00 0.57 0.04 0.32 0.07 0.03 0.02 99.1 0.07 0.59 100.8  
R6B-0 649152 5.30 7.10 1.80 0.8 0.02 0.38 0.07 0.05 0.02 98.7 0.1 0.54 100.7  
R6B-0 649153 7.10 9.00 1.90 0.89 0.04 0.41 0.08 0.04 0.02 98.5 0.11 0.33 100.5 2.68
R6B-0 649154 9.00 11.00 2.00 0.68 0.02 0.26 0.07 0.01 0.03 98.1 0.08 0.31 99.6  
R6B-0 649156 11.00 13.00 2.00 0.56 0.02 0.5 0.06 0.04 0.03 98.2 0.09 0.44 100.3  
R6B-0 649157 13.00 14.60 1.60 0.62 0.03 0.7 0.04 0.07 0.03 98.2 0.08 0.7 101  
R6B-0 649159 14.60 15.20 0.60 2.22 0.03 0.4 0.12 0.07 0.02 97.6 0.18 0.81 101.5  
R6B-0 649160 15.20 17.20 2.00 0.49 0.03 0.52 0.08 0.06 0.03 99.4 0.05 0.28 101  
R6B-0 649161 17.20 19.00 1.80 0.49 0.03 0.34 0.05 0.03 0.03 99.4 0.05 0.24 100.7  
R6B-0 649162 19.00 21.00 2.00 0.45 0.02 0.38 0.03 0.05 0.02 99.5 0.06 0.27 100.8  
R6C-0 649163 0.00 2.00 2.00 0.57 0.04 0.33 0.04 0.03 0.01 99.5 0.06 0.3 100.9 2.67
R6C-0 649164 2.00 4.00 2.00 0.46 0.02 0.41 0.05 0.05 0.02 99.1 0.05 0.52 100.7  
R6C-0 649165 4.00 4.80 0.80 0.3 0.03 0.33 0.05 0.05 0.02 99.5 0.03 0.51 100.8  
R6C-0 649166 4.80 6.70 1.90 0.57 0.02 0.41 0.04 0.04 0.02 99 0.08 0.56 100.8  
R6C-0 649167 6.70 8.00 1.30 0.57 0.06 0.54 0.05 0.04 0.03 98.5 0.06 0.38 100.3  
R6C-0 649168 8.00 9.00 1.00 0.62 0.02 0.37 0.06 0.04 0.02 99.1 0.05 0.4 100.7  
R6C-0 649169 9.00 10.90 1.90 0.54 0.04 0.5 0.06 0.04 0.03 98.9 0.05 0.42 100.6  
R6C-0 649170 10.90 11.90 1.00 0.77 0.02 0.5 0.08 0.02 0.03 97.5 0.06 0.49 99.5  
R6C-0 649171 11.90 13.90 2.00 0.85 0.04 0.43 0.07 0.02 0.02 98.4 0.06 0.47 100.4  
R6C-0 649172 13.90 15.90 2.00 0.31 0.02 0.37 0.04 0.05 0.03 99.7 0.04 0.48 101.1  
R6C-0 649173 15.90 17.90 2.00 0.37 0.03 0.31 0.04 0.05 0.03 99.4 0.07 0.47 100.8 2.67
R6C-0 649174 17.90 19.90 2.00 0.69 0.01 0.45 0.06 0.03 0.02 99 0.11 0.33 100.8  
R6C-0 649175 19.90 21.90 2.00 0.47 0.04 0.42 0.07 0.05 0.02 98.8 0.05 0.4 100.4  
R6C-0 649176 21.90 23.90 2.00 0.83 0.03 0.44 0.1 0.02 0.01 98.8 0.08 0.4 100.7  
R6C-0 649177 23.90 25.90 2.00 0.99 0.05 0.61 0.09 0.05 0.03 98.2 0.08 0.55 100.6  
R6C-0 649178 25.90 27.90 2.00 0.75 0.02 0.5 0.11 0.04 0.02 98.6 0.11 0.27 100.5  
R6C-0 649179 27.90 28.90 1.00 0.62 0.03 0.54 0.09 0.04 0.03 98.8 0.04 0.41 100.6  
R6C-0 649180 28.90 30.90 2.00 0.97 0.02 0.96 0.17 0.2 0.03 97.3 0.12 0.47 100.3  
R6C-0 649181 30.90 32.80 1.90 0.78 0.02 0.74 0.17 0.11 0.03 96.3 0.07 0.41 98.7  
R6C-0 649182 32.80 34.80 2.00 0.95 0.02 0.62 0.32 0.13 0.03 97.8 0.08 0.31 100.3  
R6C-0 649183 34.80 35.60 0.80 1.06 0.03 0.64 0.14 0.12 0.03 98 0.09 1.24 101.4 2.69
R6C-0 649184 35.60 36.00 0.40 6.28 0.01 1.76 0.91 0.37 0.06 89.3 0.33 0.83 99.9  

Channel 7 Details

  • 70 samples submitted
  • Total channel sampling length 123.7 m
  • 50.6 m comprising 27 samples in 6 sequences returned assays of SiO2 (99.1% to 99.9% SiO2)

Sequences of Assayed Silica Oxide Contents (Over 99.1% SiO2)

  • Sequence 1: 6.5 m (three samples assaying between 99.1% to 99.3% SiO2)
  • Sequence 2: 10.7 m (six samples assaying between 99.2% to 99.9% SiO2)
  • Sequence 3: 8.0 m (four samples assaying between 99.1% to 99.3% SiO2)
  • Sequence 4: 7.9 m (four samples assaying between 99.2% to 99.8% SiO2)
  • Sequence 5: 5.5 m (three samples assaying between 99.3% to 99.5% SiO2)
  • Sequence 6: 3.5 m (two samples assaying between 99.4% to 99.5% SiO2)

The high purity quartzites are white, coarse, crystalline, massive and occasionally lightly pink

Table #2 - Channel R7

Hole ID Sample From To Width XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u XRF21u GRA08
  No. (m) (m) (m) Al2O3 Cr2O3 Fe2O3 K2O MgO Na2O SiO2 TiO2 Zr Total S.G.
          % % % % % % % % % % Unity
          0.01 0.001 0.01 0.01 0.01 0.005 0.05 0.01 0.001 0.01 0.01
R7A-0 649066 0.00 2.00 2.00 1.27 < 0.01 0.74 0.05 0.02 0.03 97.5 0.11 0.58 100.4 2.70
R7A-0 649067 2.00 3.80 1.80 0.61 0.01 0.39 0.04 0.01 0.03 99.3 0.09 0.56 101  
R7A-0 649068 3.80 5.80 2.00 0.72 0.02 0.33 0.06 0.04 0.03 98.5 0.13 0.51 100.4  
R7A-0 649069 5.80 7.80 2.00 0.74 0.04 0.45 0.07 < 0.01 0.03 98.8 0.08 0.62 100.8  
R7A-0 649071 7.80 9.20 1.40 0.64 0.03 0.4 0.09 0.03 0.02 98.9 0.06 0.39 100.7  
R7A-0 649072 9.20 11.20 2.00 0.77 0.02 0.34 0.06 0.03 0.03 97.9 0.08 0.65 99.9  
R7A-0 649073 11.20 13.20 2.00 0.85 0.04 0.38 0.05 < 0.01 0.02 98.3 0.09 0.56 100.3  
R7A-0 649074 13.20 14.90 1.70 0.39 < 0.01 0.37 0.04 0.02 0.02 100 0.05 0.44 101.4  
R7A-0 649075 14.90 15.90 1.00 0.82 0.04 0.36 0.06 0.05 0.03 98.8 0.08 0.61 100.9  
R7A-0 649076 15.90 17.70 1.80 0.74 0.02 0.42 0.07 < 0.01 0.01 99.1 0.06 0.36 100.7 2.69
R7A-0 649077 17.70 19.70 2.00 0.7 0.03 0.37 0.06 < 0.01 0.03 99.3 0.05 0.47 101  
R7A-0 649079 19.70 21.70 2.00 0.86 0.03 0.47 0.07 0.04 0.03 98.1 0.08 0.5 100.1  
R7A-0 649080 21.70 23.70 2.00 0.76 0.02 0.36 0.06 0.03 0.03 98.8 0.04 0.4 100.5  
R7A-0 649081 23.70 25.70 2.00 0.93 0.03 0.56 0.05 0.02 0.02 98.6 0.06 0.49 100.7  
R7A-0 649082 25.70 27.70 2.00 0.84 0.02 0.55 0.07 0.02 0.03 99 0.06 0.52 101.1  
R7A-0 649083 27.70 29.70 2.00 0.79 0.03 0.49 0.08 0.03 0.03 98.1 0.06 0.74 100.4  
R7A-0 649084 29.70 31.70 2.00 1.15 0.04 0.6 0.08 0.05 0.02 98.1 0.08 0.69 100.8  
R7A-0 649085 31.70 33.70 2.00 0.98 0.02 0.52 0.09 0.02 0.03 98.3 0.08 0.45 100.5  
R7A-0 649086 33.70 34.70 1.00 0.86 0.03 0.49 0.04 0.05 0.03 98.4 0.09 0.66 100.7 2.69
R7A-0 649087 35.10 36.60 1.50 2.18 0.02 0.68 0.3 0.05 0.03 97.5 0.12 0.55 101.4  
R7A-0 649088 36.60 38.60 2.00 1.83 0.04 0.53 0.21 0.03 0.03 97.4 0.11 0.57 100.8  
R7A-0 649089 38.60 40.60 2.00 1.73 0.01 0.62 0.16 0.06 0.02 97.3 0.13 0.74 100.8  
R7A-0 649090 40.60 41.70 1.10 2.2 0.05 0.67 0.14 0.03 0.02 96.3 0.14 0.56 100.1  
R7A-0 649091 41.70 43.30 1.60 1.84 0.02 0.59 0.07 0.07 0.02 97.2 0.14 0.54 100.5  
R7B-0 649093 0.00 2.00 2.00 1.38 0.03 0.59 0.09 0.04 0.02 97.8 0.11 0.84 101.1  
R7B-0 649094 2.00 3.30 1.30 1.94 0.02 0.51 0.03 0.01 0.01 98 0.14 0.46 101.2  
R7B-0 649095 3.30 4.10 0.80 1.3 0.03 0.5 0.02 0.03 0.05 96.3 0.11 0.69 99.1  
R7B-0 649096 4.10 6.00 1.90 0.29 0.03 0.39 0.03 0.06 0.03 98.8 0.04 0.54 100.2 2.69
R7B-0 649097 6.00 7.70 1.70 0.35 0.04 0.37 0.03 0.03 0.03 99.8 0.06 0.35 101.1  
R7B-0 649098 7.70 9.20 1.50 0.87 0.03 0.45 0.03 0.03 0.04 98.8 0.07 0.68 101  
R7C-0 649099 0.00 1.20 1.20 0.79 0.04 0.4 0.03 0.01 0.03 98.7 0.08 0.75 100.9  
R7C-0 649100 1.20 3.20 2.00 0.39 0.02 0.27 0.04 < 0.01 0.03 99.8 0.06 0.55 101.2  
R7C-0 649101 3.20 5.20 2.00 0.39 0.04 0.28 0.03 0.05 0.02 99.2 0.06 0.39 100.5  
R7C-0 649102 5.20 7.20 2.00 0.2 0.02 0.32 0.03 0.01 0.03 99.9 0.05 0.45 101  
R7C-0 649103 7.20 9.20 2.00 0.2 0.03 0.3 0.03 < 0.01 0.03 99.7 0.04 0.6 100.9  
R7C-0 649104 9.20 11.20 2.00 0.28 0.02 0.39 0.04 0.02 0.02 100 0.05 0.36 101.2  
R7C-0 649105 11.20 11.90 0.70 0.59 0.04 0.45 0.05 0.02 0.03 99.2 0.08 0.47 101  
R7D-0 649107 0.00 2.00 2.00 0.26 0.03 0.32 0.02 0.06 0.03 99.3 0.05 0.61 100.7  
R7D-0 649108 2.00 4.00 2.00 0.33 0.02 0.4 0.03 0.03 0.02 100 0.04 0.23 101.1  
R7D-0 649109 4.00 6.00 2.00 0.49 0.04 0.39 0.03 0.04 0.03 99.1 0.07 0.23 100.5  
R7D-0 649110 6.00 8.00 2.00 0.63 0.03 0.3 0.02 < 0.01 0.02 99.1 0.07 0.72 100.9  
R7D-0 649111 8.00 10.00 2.00 0.9 0.03 0.34 0.03 0.06 0.03 98.2 0.1 0.77 100.4  
R7D-0 649112 10.00 12.00 2.00 0.95 0.03 0.49 0.04 0.02 0.02 97.8 0.11 0.57 100  
R7D-0 649113 12.00 14.00 2.00 0.85 0.04 0.41 0.04 0.04 0.03 99.3 0.09 0.42 101.2  
R7D-0 649114 14.00 16.00 2.00 0.85 0.03 0.4 0.05 0.05 0.04 98.5 0.13 0.36 100.4  
R7D-0 649116 16.00 17.40 1.40 0.76 0.02 0.31 0.04 0.02 0.02 98.6 0.12 0.68 100.8 2.69
R7D-0 649117 17.40 19.40 2.00 0.5 0.03 0.25 0.03 0.02 0.03 98.7 0.06 0.95 101.3  
R7D-0 649118 19.40 20.30 0.90 1.25 < 0.01 0.47 0.06 0.08 0.02 98.3 0.14 0.3 100.7  
R7E-0 649119 0.00 2.00 2.00 0.34 0.04 0.4 0.04 0.03 0.03 99.2 0.03 0.37 100.6  
R7E-0 649120 2.00 4.00 2.00 0.49 0.02 0.36 0.03 0.04 0.03 99.4 0.05 0.36 100.7  
R7E-0 649121 4.00 5.90 1.90 0.4 0.04 0.3 0.03 0.03 0.02 99.8 0.03 0.41 101.1  
R7E-0 649122 5.90 7.90 2.00 0.68 0.02 0.32 0.05 < 0.01 < 0.01 99.3 0.06 0.57 101  
R7E-0 649123 7.90 9.90 2.00 0.64 0.03 0.41 0.04 0.06 0.01 98.6 0.05 0.53 100.4  
R7E-0 649124 9.90 11.90 2.00 0.73 0.03 0.54 0.09 0.1 0.03 98.8 0.04 0.5 101.3  
R7E-0 649125 11.90 13.00 1.10 0.68 0.02 0.42 0.06 0.03 0.02 98.9 0.04 0.3 100.5  
R7E-0 649126 13.00 15.00 2.00 0.76 0.01 0.41 0.08 0.02 0.03 98.7 0.06 0.34 100.5 2.71
R7E-0 649127 15.00 16.50 1.50 0.63 0.03 0.33 0.05 0.03 0.03 98.7 0.06 0.21 100.1  
R7E-0 649128 16.50 18.50 2.00 0.35 0.03 0.25 0.04 0.02 0.02 100 0.05 0.13 101.2  
R7E-0 649130 18.50 20.50 2.00 0.36 0.03 0.31 0.05 0.04 0.03 99.4 0.05 0.11 100.4  
R7E-0 649132 20.50 22.00 1.50 0.52 0.03 0.29 0.05 0.02 0.02 99.3 0.07 0.27 100.8  
R7E-0 649133 22.00 23.00 1.00 0.65 0.03 0.38 0.06 0.03 0.02 98 0.09 0.67 100.5  
R7E-0 649134 23.00 25.00 2.00 0.82 < 0.01 0.43 0.07 0.03 0.03 99 0.07 0.37 100.8  
R7E-0 649135 25.00 26.50 1.50 0.65 0.03 0.42 0.09 0.05 0.03 98.5 0.06 0.16 100  
R7E-0 649136 26.50 28.50 2.00 0.82 0.05 0.45 0.15 0.04 0.03 97.7 0.09 0.11 99.4 2.69
R7E-0 649137 28.50 30.50 2.00 0.69 0.02 0.46 0.09 0.07 0.02 99.5 0.05 0.17 101.1  
R7E-0 649138 30.50 32.00 1.50 0.56 0.02 0.57 0.11 0.04 0.02 99.4 0.05 0.25 101.1  
R7E-0 649139 32.00 33.00 1.00 1.06 0.03 0.6 0.2 0.05 0.03 98.2 0.15 0.45 100.8  
R7E-0 649140 33.00 35.00 2.00 0.56 0.02 0.84 0.13 0.07 0.03 97.9 0.07 0.34 100  
R7E-0 649141 35.60 37.50 1.90 0.81 0.03 0.67 0.21 0.11 0.03 98.8 0.08 0.16 100.9  
R7E-0 649142 37.50 39.00 1.50 7.73 0.02 2.6 1.19 0.66 0.08 87.1 0.44 0.48 100.4  

Table 3. Channel Location, Length and Sample Units.

Channel UTM-E UTM-N Loc Z Length Samples Date
DR_DMY
R1 381436 5294631 956 4.2 3 10/07/2015
R2 381448 5294624 959 8.7 5 10/07/2015
R3 381455 5294633 959 4 3 10/07/2015
R4 381561 5294413 961 6.4 4 10/07/2015
R5 381571 5294435 957 5.1 3 10/07/2015
R6 380722 5293947 916 72.8 40 01/07/2015
R7 380761 5293948 916 123.7 70 25/06/2015
R8 380850 5293964 929 86.3 47 06/07/2015
R9 381930 5294655 923 34 21 09/07/2015
R10 381979 5294695 920 10 6 09/07/2015
R11 382020 5294714 927 55.6 32 09/07/2015
R12 381347 5294607 949 5.3 5 07/07/2015
R13 381349 5294653 947 20.7 12 07/07/2015
R14 381448 5294624 959 9.9 5 10/07/2015
Total 14     446.7 256  

DRILLING UPDATE

Four of the 24 drill holes planned for Phase One drilling have been completed. Of the 24 required drill pads, 15 have been prepared to date. Drilling is designed to test the extent of Quartzite Units "G" and "D", including their purity, depth, width, and the length of extensions below surface. Drilling takes place 24 hours per day and both Phase One and Phase Two programs are scheduled to be completed by mid-to-late November. Pending results, the Company may increase the initial 5,000 meter ("m") drill program.

To view a photo of the drill pad and Sitec's Upper Silica Pit in distance click on the link below: 
http://www.rogueresources.ca/i/misc/2015-08-19_NR-1.jpg

To view a photo of the drill working on site click on the link below: 
http://www.rogueresources.ca/i/misc/2015-08-19_NR-2.jpg

To view a drill location map click on the link below:
http://www.rogueresources.ca/i/maps/2015_RogueResources_FemelleSilica_DrillTargets.pdf

Table 4. Planned and drilled diamond drill holes, Phase One.

DDH ID UTM E UTM N Elev m Line Northing Bearing Dip Length Date
Drilled
Main Zone E                    
Drilled Holes                    
GF15-1 A1 380728.00 5293932.00 898.00 5+55W 100S 330.00 -45.00 177 8/8/2015
GF15-2 A2 380790.00 5293948.00 917.00 5+00W 80S 330.00 -45.00 171 10/8/2015
GF15-3 A3 380790.00 5293948.00 917.00 5+00W 80S 330.00 -60.00 261 12/8/2015
                     
Zone H Extension                    
GF15-4 G 381272.00 5294713.00 936.00 3+00E 360N 150.00 -45.00 160 15/8/2015
Planned Drill Holes                    
Main Zone E                    
L5W-9DDH 2 380728.00 5294025.00 966.00 5+00W 25N 150.00 -45.00 180  
L4W-10DDH 3 380817.00 5294069.00 978.00 4+00W 15N 150.00 -45.00 185  
L3W-11DDH 4 380912.00 5294113.00 977.00 3+00W 8N 150.00 -45.00 220  
L2W-12DDH 5 380992.00 5294165.00 990.00 2+00W 5N 150.00 -45.00 220  
                     
Zone H Extension                    
R13-4DDH J 381349.00 5294624.00 961.00 3+20E 240N 330.00 -45.00 300  
L5E-8DDH I 381476.00 5294751.00   5+00E 298N 150.00 -45.00 180  
L4E-3DDH H 381374.00 5294728.00 933.00 4+00E 325N 150.00 -45.00 140  
L3E-6DDH G 381270.00 5294711.00   3+00E 361N 150.00 -45.00 160  
L2E-5DDH F 381149.00 5294680.00 930.00 2+00E 392N 150.00 -45.00 140  
L1E-7DDH E 381077.00 5294648.00   1+00E 398N 150.00 -45.00 160  
L5E-8DDH I 381476.00 5294751.00   5+00E 298N 150.00 -45.00 180  
                     
Main Zone G                    
L4E-2DDH