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Feature article January 30, 2015:

 

 

Rogue Resources high-purity silica project  presents immense upside potential

 

Other core 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 for the fact that it has grades superior to its neighbor which has been profitably in production for 50 years, and the closer Rogue approaches comparatively, the more its share price is apt to rise. Rogue's nickel and iron projects have large inherent value, yet present no drain on capital as they await the next commodity cycle or attracts a joint venture.

 

With 47.4.3 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.

 

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 99.54% SiO2 and has identified 1.1 Km strike length on one of two quartzite occurrences:

In December 2014 RRS.V released geochemical sampling results; of twenty two samples taken, fifteen surface samples of white quartzites were collected within one (the "G" unit) 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% TiO.

 

Good thicknesses, good continuity, and possibility to discover more: A December 2014 airborne radio-magnetometric survey conducted has confirmed over 1 km strike length of silica trend on the Femelle Project. The mag survey affirms two 2014 Technical Reports which references the aforementioned samples and historic sampling and exploration findings (non 43-101 compliant) that indicated thicknesses over 200 metres and on average 150 metres, with 275 metres width and a strike length of at least 365 metres. The 'G' lens located on RRS.V's silica property appears to host grades superior to what Sitec is mining, and there is the possibility to discover significantly more. 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. 

 

H1-2015 exploration plans on the Femelle SiO2 Project: Following the compilation of the VLF airborne data, and when ground conditions permit, line cutting, surface geological mapping and sampling of the quartzites at surface and at depths of 6 m to 12 m will commence. The work at surface is expected to begin in early May with a priority 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. Results from surface mapping and sampling will be used to guide the upcoming drill program on the quartzites as well as for identifying new quartzite targets.

   

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:

 

• 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. The adjacent unit (D) is yet to be the focus of attention. Rogue has a huge deposit and if they maintain the purity that was assayed (up to 99.54% to date) it will affirm that they indeed have something really significant.

 

Opinion

 

The 'G' lens located on RRS.V's silica property appears to host grades superior to what Sitec is mining, and there is the possibility to discover significantly more. 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. 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 (Mine sitec has an estimated ~20 years Life of Mine remaining) -- 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.

 

Annotated excerpt from recent new release of significance:

       

     January 19, 2015:

Rogue Resources Completes Airborne Mag Survey, Confirms Over 1Km Strike Length of Silica Trend

 

- AIRBORNE RADIO-MAGNETOMETRIC SURVEY CONDUCTED AND DELINEATES SILICA STRUCTURE

- AIRBORNE VLF GEOPHYSIC SURVEY TO FOLLOW

- INVESTOR RELATIONS SERVICE AGREEMENT SIGNED

(Jan. 19, 2015) - Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce that it continues to advance the Lac de la Grosse Femelle Property (the "Femelle Project"), located approximately 95 km northeast of Québec City, and adjacent to the Mine Sitec silica mine, in operation for the past 50 years.

Airborne Heli-MAG geophysics surveys were flown over the Femelle Project on December 7, 2014, consisting of 316.5 line km of north-northwest oriented flight lines spaced at 100 m. The helicopter-borne radio-magnetometric geophysics survey was conducted by Geophysics GPR International Inc. The objective of this first phase exploration program of airborne geophysics was to better define the widths, attitudes and strike length of the east-northeast trending quartzites. A follow-up airborne VLF (very low frequency) geophysical survey to further define the quartzite units will be undertaken within the next several weeks and upon compilation will form the basis of conducting surface exploration.

http://file.marketwire.com/release/Hlb_Mag_Femelle%20Silica%20ROGUE.pdf

Following the compilation of the VLF airborne data, and when ground conditions permit, line cutting, surface geological mapping and sampling of the quartzites at surface and at depths of 6 m to 12 m will commence. The work at surface is expected to begin in early May with a priority 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. Results from surface mapping and sampling will be used to guide the upcoming drill program on the quartzites as well as for identifying new quartzite targets.

The airborne Heli-Mag survey produced total field magnetic and vertical gradient geophysics maps of the area. The samples collected in the quartzite unit "G" by Geologica Groupe-Conseil Inc., of Val d'Or, Québec, (press release December 16, 2014), occur on the southern margin of the lower magnetic expression. The samples assaying 99% or better in silica are associated with lower magnetic expressions and define widths of approximately 125 m, strike lengths of over 1 km and illustrates that the quartzites dip to the northwest. The quartzite unit "D" located 690 m southeast of the quartzite "G" unit also flanks the north side of the magnetic anomaly and extends east-northeast a strike length of over 1 km.

http://media3.marketwire.com/docs/Regional-Geology-ROGUE.jpg

http://media3.marketwire.com/docs/Location_of_Samples_ROGUE.jpg

Ongoing discussions with a number of producing and past producing silica mine operators and owners has begun as well as sourcing potential buyers for silica. The Company continues its community consultations in the region with the various local groups (MRC de Charlevoix, MRC de Charlevoix Est, MRNQ in La Malbaie, the Mairie de St.Urbain, and Zec des Martes)....

...click here for full copy from source

 

Excerpt of news release - December 10, 2014:

 

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

(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

...click here for full copy from source

     

Healthy supply - demand characteristics for the commodity

Demand for high-purity silica (used to create fused quartz for high-tech manufacturing such as solar panels, semiconductors, LCD displays, and lithium batteries, fracking, etc.) has risen and this trend is projected to continue. "Tightening supply due to current levels of 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)

 

With prices for economic high purity silicon ranging from $75 to >$5,000 per tonne (depending on % purity), it puts RRS.V "in-play". RRS.V's quartzite silica deposit is top notch/superior grade and purity compared to more prevalent quartz sandstones deposits in Quebec, 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,

 

An advanced-stage nickel project that has received in excess of $7 million in development, contains a sizeable high-grade Ni resource.

 

 

Figure 12. (above) Map -- Langmuir Property is accessible by road and is 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, and there are mills in the area which could provide milling solutions.

 

Langmuir is comprised of 74 contiguous unpatented mining claims of 856 units (13,841 hectares). The Timmins nickel belt is located within an area of excellent infrastructure, including roads and power. The Timmins mining camp provides access to necessary equipment and experienced miners.

 

Resource Estimate
Rogue Resource geologists and SRK Consulting (Canada) Inc. have modeled the shape and size of the Langmuir W4 nickel deposit and compiled a resource estimate in 2010:

 

Category Quantity Grade Metal
  Tonnes Ni % Cu % Ni lbs 000's Cu lbs 000's
Open Pit**
Indicated 590,000 0.99 0.06 12,816 840
Inferred 125,000 0.88 0.06 2,437 157
Underground **
Indicated 87,000 1.04 0.08 1,997 149
Inferred 46,000 0.91 0.05 923 53
Combined
Indicated 677,000 1.00 0.06 14,813 989
Inferred 171,000 0.89 0.06 3,360 210

 

* Mineral resources are reported in relation to optimized pit shells. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. All assays have been capped where appropriate.

 
**Open pit mineral resources are reported at a cut-off of 0.40 percent nickel inside a conceptual pit shell. Underground mineral resources are reported at 0.70 percent nickel and include resource blocks above cut-off outside the conceptual pit shell. Cut-off grades are based on a nickel price of US$8 per pound and a metallurgical recovery of eighty-seven percent, without considering revenues from other metals.

  

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.
 

Drilling to date on the Langmuir W4 nickel discovery has established three parallel nickel bearing zones (A, B, C) within altered peridotitic komatitic flows. The nickel sulphide mineralization consists of primarily pentlandite-pyrrhotite occurring as fine disseminations, fracture fillings, and blebs. Higher nickel values of up to 5-7% occur where sulphide concentrations increase to 30 or 35% (semi-massive). Locally massive sulphide sections are present grading up to 17.9% Ni.

 

The nickel zones range in true width from 2 to over 18 metres and have been followed along strike for 200 metres and to a vertical depth of 250 metres. The A zone comes to surface with only 5 to 10 metres of overburden cover. Thus far the deepest nickel intersection is on the C zone at about 375 metres below surface. All zones are open at depth below 400 m vertical. The zones dip subvertically to the north and may roll and dip toward the south according to geophysics. 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.

 

 

Figure 13. (above) An Open Pit, 3D Conceptual Model -- this model was built for the Langmuir Nickel Deposit, reducing future timelines for any potential production scenarios. Seen in red in the image above is the high-grade, green is lower, and beige is even lower. Note how much of the high-grade is contained within the actual open pit, you can see the pit shelf at the top of the resource.

 

Deposit Highlights:
   • $7.5M spent, over 18 million pounds of nickel defined
   • Over 80 holes drilled on deposit
   • Fully operational nickel mill within 3 km
   • Upside potential exists in deep geophysical targets not fully tested with diamond drilling

 

Click to access current spot price

& historical charts of nickel

 

Rogue Resources, with exceptional exposure to Nickel via this deposit, is prone to attract increased interest as the underlying commodity price improves.

 

Planned 2015 exploration activities on Langmuir Nickel Project (nominal capex): VTEM and magnetic airborne surveys previously conducted on the Project are being reprocessed and evaluated by a consulting geophysicist to identify new targets. Previous environmental and metallurgical work carried out on the project by the Company is also being reviewed. Geo-metallurgy is also being carried out on the nickel mineralized ultramafics to better understand the mineralogy.

------ ------ ------      ------ ------ ------      ------ ------ ------

 

3) Radio Hill Iron Project, Timmins, Ontario - 100% Owned (Interest to earn, in  part)

  

Figure 14. -- Location map -- note ideal access to transport -- .The CN Rail mainline crosses through the property ~3km south of the deposit. 

 

In 1964, the Radio Hill Project 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.

 

Bulk sample results from the 1960's:

Concentrate percentages above 65% are generally viewed very positively. The table also shows low values for deleterious elements such as phosphate and manganese, metals also appear very low:

 

 

Historic resource estimates (non NI 43-101 compliant) were calculated on the Radio Hill portion only using various pit shells and depths:

 

Historic Estimate
(acid-soluble iron)
Strip Ratio Reference
90 mT @ 27.3% 0.99 FENCO, 1965
158 mT @ 27.8% 1.14 Behre Dolbear, 1961
427 mT @ 27.3% 0.77 Gerson, 1961
326 mT @ 25.7% 0.69 Pesonen, 1960

 

Airborne geophysics

 

Figure 15. (above) Geophysics - The potential for resources expansion exists at the 12 km long Nat River Formation. To date, only 6 drill holes have been completed on.

 

 

Figure 16. (above) Outcrop at Radio Hill Iron Project

  

Planned 2015 exploration activities on Radio Hill Project (nominal capex): Further geo-metallurgical work on the iron ore is being carried out to better understand the iron ores mineralogy and define a metallurgical process for testing the ores. Work has also begun on obtaining a First Nations agreement for the Radio Hill project. A Phase 1 (preliminary) Baseline Environmental Study has begun and an initial site visit conducted. Recent LIDAR survey data covering the Radio Hill iron ore deposit has been purchased and is being utilized in ongoing geological modelling for a future drill program. VTEM and magnetic airborne surveys previously conducted at Radio Hill are being reprocessed and evaluated by a consulting geophysicist to better define the iron formations. Drill and trench data are being compiled, interpreted and modeled to assist in preparing for a future resource calculation.


Rogue Resources' Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

John de Jong, President, CEO and Director

Mr. de Jong's career in mining has included overseeing mining, milling and exploration projects in Québec, British Columbia and the Yukon for several companies in the capacity of Project Manager and CEO. Mr. de Jong is the former CEO and President of Integra Gold Corp. and has also worked as a management consultant advising TSX-V listed companies in areas of business and corporate development and as director for a number of junior mining companies.

 

Eddy Canova, P.Geo., Sr. Vice President, Director

Mr. Canova's 35 years' working experience in the mineral exploration and mining industry working in Archean, Proterozoic and Tertiary environments in Canada, West Africa, Mexico, Central America and South America gives him the expertise needed to advance the Company and its projects. He has worked on early stage to advanced exploration projects and production in a variety of commodities, including gold, silver, base metals, iron-ore, PGE's and uranium. Summary of Mr. Canova's Experience: 1) During his tenure as Director of Exploration for Oceanic Iron Ore, more than doubled its iron ore resource to over 1.4 billion tonnes. 2) Responsible for starting up the Tomi Gold Mine in Venezuela for Bolivar Goldfields; managed the mining operation which produced 66,000 oz of gold annually. 3) Senior chief geologist for Gold Reserve in Venezuela, a world class Brisas gold-copper deposit of 10.2 M oz Gold (Au) and 1.4 Billion Tonne Copper (Cu). Compiled all of the initial drilling database and geological interpretations. 4) Chief geologist for GPM Ltd. in West Africa, exploring for alluvial gold deposits; led the company into new discoveries. 5) Worked in gold and uranium throughout Québec. 6) Fluent in English, French, Spanish and Portuguese. 7) Graduated from McGill University in 1977, Geology major. 9) Prior to his appointment, Mr. Canova held senior officer and director roles in a number of TSX-V traded companies. He is a professional geologist who has consulted to mineral exploration companies and geotechnical engineering firms throughout North and South America and Africa for the past 35 years.

 

Stephen de Jong, BComm., Director

Mr. de Jong has held several senior management and advisory positions in publically listed Canadian mineral exploration companies successfully leading their recapitalization and restructuring programs. As CEO and President of Integra Gold Corp., Mr. de Jong continues to prove his ability to finance mineral exploration through periods of weak metal prices and low investor sentiment. He is recognized by Canadian and overseas financial sectors and junior and senior mining executives as a person with integrity, superior management skills, and one who can attract and build a strong and capable team Mr. de Jong holds a Bachelor of Commerce degree from Royal Roads University and is also a Director of Rapier Gold Inc.

 

Peter Campbell, P.Eng., Director

Mr. Peter S. Campbell, P.Eng is Chairman, Managing Director and Head of Research at Jennings Capital Inc., Research Division. He has 25 years' experience in the mining and geology business as a professional Mining Engineer with an in-depth global mining background, strong technical expertise and proven project management experience. Mr. Campbell's experience encompasses the complete spectrum of project stages from grass roots and advanced exploration through to feasibility and mine production. He has a strong interest in financial modelling, portfolio risk management, project valuation, and capital investment decisions. Mr. Campbell was an Exploration Manager at Xstrata, where he worked on various aspects of world-wide exploration projects involving exploration for Ni, Cu, and Cu-Zn deposits.
   

Ms. Gordana Scekic, BSc, CGA, CFO

Ms. Scekic is a Certified General Accountant with a Bachelor of Science in Economics who has worked exclusively in the mineral exploration industry since 2005. Ms. Scekic has an extensive and diverse professional background in financial reporting, analysis, and budgeting, as well as establishing and supervising accounting departments. She has worked in the financial field as an Investment officer, Chief of a Financial Department, and Chief Accountant. Currently, Ms. Scekic works as a Senior Accountant for several publically traded mineral exploration companies.

 

Note: This list is not intended to be a complete overview of Rogue Resources Inc. or a complete listing of Rogue's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Rogue Resources Inc.'s head office at: Ph (604).629.1808

 

Company's web site: www.RogueResources.ca   SEDAR Filings: URL

 

     

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Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification.

 

     

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