News Feed Item

Rogue Resources Provides Project Update

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/28/14 -- Rogue Resources Inc. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to provide an exploration update for its various projects and an overview of plans moving forward. The Company recently acquired a high-grade gold asset in the Val d'Or district of Quebec and is now in discussions regarding additional assets to continue expanding its presence in this prolific camp. The Company has a number of advance stage projects, specifically the Langmuir Nickel and the Radio Hill Iron Project, which it is currently assessing strategic options for in order to maximize value and provide investors with a refined Company focus.

East-West Gold Project, Val d'Or, Quebec.

Data compilation and 3D modeling relating to the historic and more recent drilling completed on the East-West Gold Project near Val, d'Or, Quebec is now underway. This work is required prior to the next round of drilling as a thorough compilation on this project has never been completed. Historic drill results at the East-West Project include:

--  85-CD-55: From 143.56m to 146.3m: 72.4 g/t Au / 3.2m
--  86-CD-78: From 125.27m to 129.24m: 84.48 g/t Au / 3.97m
--  87-CD-156: From 199.03m to 201.17m: 123.96 g/t Au / 2.14m

All of the above results were drilled between surface and 200 meters vertical with very little drilling ever having been done on this project below 200 meters vertical. The Company believes, given the nature of the geology at East-West and the frequency of mines in the Val d'Or Camp which often continue to depths below 2,000 meters, that significant potential remains at this project. Compilation and project supervision work will be completed by Geologica Inc., Val d'Or, Quebec, the lead geological consulting firm used by Integra Gold Corp for its Lamaque Gold Project. Other high-profile operations in the area include Osisko's Canadian Malartic Gold Mine, Agnico Eagle's Goldex Mine.

"The Company is determined to take the steps needed to take advantage of the numerous opportunities this market has created, as well as to extract the value in Rogue's existing assets. The East-West Project is an under-explored, high potential asset in one of the world's most prolific gold belts which will be used as a stepping stone as the Company continues to build its presence in this increasingly active district," commented Company President and CEO, John de Jong.

Other Assets:

Discussions are now underway and work continues on creating a strategy to help realize the value of its 100% owned Langmuir Nickel deposit where over $7,000,000 of work has defined a near surface, high-grade nickel, PGM deposit neighboring Timmins, Ontario with operating nickel mills in the immediate area.

A complete review of Radio Hill Iron Ore Project has been completed with recommendations made to conduct additional drilling and metallurgical test work. This will enable the Company to complete a definitive resource estimate. More than 10,000 meters of diamond drilling was completed in 2011/2012 which will be incorporated into any future plans. The Company will provide an update on its plans for the Radio Hill Project in the near future.

The Company's corporate office in Timmins, Ontario, has been listed for sale as it is no longer required for operations. The proceeds of the sale will provide non-dilutive capital which will be directed towards the Company's exploration initiatives.

The Company also announces it has entered into a service agreement with Mi3 Communications Financieres Inc. who will perform investor relations services on behalf of the Company in Quebec. The Company continues to expand and adapt its marketing efforts and will be working closely with Mi3 to communicate the Rogue story moving forward.

Subject to regulatory approval, the Company has granted a total of 923,223 stock options (the "Options"), including 692,445 Options to Directors and Officers, 180,778 Options to employees and consultants and 50,000 Options to an investor relations provider. The investor relations Options vest as to 25% every three months, and the balance of the Options vest immediately. All Options have an exercise price of $0.10 and expire on April 27, 2021.

Subject to approval of the TSX Venture Exchange (and disinterested shareholder approval of insider options), the Company plans to re-price incentive stock options with current exercise prices ranging from $0.80 to $5.65 which expire from September 22, 2016 through January 26, 2019 to $0.10.

Alain-Jean Beauregard, P.Geo., of Geologica Inc., is an independent Qualified Person ("QP") as defined by National Instrument 43-101. Mr. Beauregard has reviewed the technical contents of this release.


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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the use of the proceeds from the private placement, constitute forward-looking statements. 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 required to complete the private placement and the Company's planned and ongoing exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities 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, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...