Rogue Announces Final High Purity Analytical Results from 2018 Diamond Drill Program on the Snow White Project’s Main Zone
July 25, 2018 TSX-V: RRS
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
Rogue Announces Final High Purity Analytical Results from 2018
Diamond Drill Program on the Snow White Project’s Main Zone
• 29 additional drill hole analyses reported, to complete 36 hole drill program focussed on the Main Zone
• Hole 18-36 intersects 56.15 metres of 98.58% SiO2 including 34.50 metres of 99.24% SiO2
• All analytical results have been provided to M.Plan to complete Resource Estimate
• Metallurgical analysis completed with ANZAPLAN (Germany) demonstrating a reasonable mass recovery
• Snow White Quartz Project Resource Estimate on the Main Zone nearing completion
• Extending the closing of the private placement offerings into early August
TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce the final analytical
results have been received from ALS Global for the 2018 drilling campaign at the Snow White quartz project, located near
Massey, Ontario, Canada (“Snow White” or the “Project”). Analytical results from 29 diamond drill holes are reported and
continue to define the high purity silica mineralization for the Main Zone.
Significant widths of high purity quartz were encountered during the drill program that meet or exceed the minimum
required silica grade specifications for the production of metallurgical grade silicon (“ MG-Si”). Test work completed by
ANZAPLAN with TOMRA Sorting GmbH has confirmed that reasonable mass recovery was generated through optical
sorting of the main quartz zone.
The drill results reported in this release are from the Snow White Main Zone and tested the continuity of the silica grade,
the distribution of impurities within the quartz vein and the overall dimensions of the silica mineralization. The drill hole
locations for the reported analytical results are summarized in Table 1 and the analytical results have been summarized
in Table 2 appended to the bottom of this release.
“I am excited about the continued strong analytical results from Snow White, confirming our original assessment of the
Main Zone,” states Paul Davis, Vice President Technical. “The analytical results when combined with the results of the
ANZAPLAN test work, demonstrate that the Snow White Main Zone is amenable to beneficiation to produce the desired
product ranges. In addition, a number of the drill intercepts already meet the required specifications for metallurgical
grade silicon related to the impurity levels for aluminum, iron, phosphorous and titanium and we have seen promising
initial observations from a continuance of the quartzite in zones to the south of the Main Zone.”
44 Victoria Street, Suite 1612
Toronto, ON M5C 1Y2 CANADA
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Direct: +1-647-243-6581
M.Plan is nearing completion of an initial mineral resource estimate for the Main Zone at the Snow White Silica Project
and a technical report (the “Resource Report”) that complies with the requirements of National Instrument 43 -101 -
Standards of Disclosure for Mineral Projects (“NI 43-101”) will be filed by Rogue in compliance with NI 43-101. M.Plan is a
joint venture between Dorfner ANZAPLAN GmbH (“ANZAPLAN”) and Micon International Limited formed specifically to
provide consulting services in the specialty minerals sector. The Company expects the Resource Report to be completed
and announced in the coming weeks (see press releases dated June 18, 2018 and July 5, 2018).
The Company announces that it has extended the closing of its non -brokered private placement offerings announced on
June 25, 2018 into early August. The Offering consists of NFT Units at a price of $0.22 and FT Units at a price of $0.30, for
aggregate gross proceeds of up to $500,000. Each NFT Unit consists of one common share and one non -transferable
common share purchase warrant. Each warrant forming part of the Unit will entitle the holder to purchase one common
share at an exercise price of $0.25 for 24 months. Each FT Unit consists of one common share and one non -transferable
common share purchase warrant. Each warrant forming part of the Unit will entitle the holder to purchase one common
share at an exercise price of $0.35 for 24 months. Further details of the Offering can be found in the Company’s June 25,
2018 news release.
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.
For additional information regarding this news release please contact:
Sean Samson
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
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 ne ws 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 Offe ring 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; re gulatory
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 t o 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 reg ulation, 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 Stat es
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.
Hole ID UTM
Zone
UTM
Datum
UTM
Easting
UTM
Northing
Elevation
(m)
Azimuth
(deg)
Dip
(deg)
Length
(m)
Core
Size
RR-18-02 17 NAD 83 395832 5134822 325 255 -55 36 NQ
RR-18-03 17 NAD 83 395840 5134824 324 255 -55 48 NQ
RR-18-05 17 NAD 83 395849 5134806 326 255 -55 78 NQ
RR-18-06 17 NAD 83 395840 5134803 325 255 -55 63 NQ
RR-18-10 17 NAD 83 395819 5134778 329 255 -55 36 NQ
RR-18-11 17 NAD 83 395829 5134780 328 255 -55 48 NQ
RR-18-12 17 NAD 83 395839 5134783 328 255 -55 63 NQ
RR-18-15 17 NAD 83 395817 5134715 330 255 -55 48 NQ
RR-18-16 17 NAD 83 395806 5134712 329 255 -55 36 NQ
RR-18-17 17 NAD 83 395796 5134713 328 255 -55 20.3 NQ
RR-18-18 17 NAD 83 395857 5134790 324 255 -55 90 NQ
RR-18-19 17 NAD 83 395855 5134764 327 255 -55 90 NQ
RR-18-20 17 NAD 83 395843 5134762 328 255 -55 75 NQ
RR-18-21 17 NAD 83 395834 5134761 329 255 -55 63 NQ
RR-18-22 17 NAD 83 395823 5134758 327 255 -55 48 NQ
RR-18-23 17 NAD 83 395813 5134756 328 255 -55 36 NQ
RR-18-24 17 NAD 83 395806 5134754 328 255 -55 21 NQ
RR-18-25 17 NAD 83 395842 5134745 329 255 -55 90 NQ
RR-18-26 17 NAD 83 395834 5134741 328 255 -55 75 NQ
RR-18-27 17 NAD 83 395825 5134739 329 255 -55 54 NQ
RR-18-28 17 NAD 83 395816 5134739 329 255 -55 48 NQ
RR-18-29 17 NAD 83 395805 5134734 327 255 -55 36 NQ
RR-18-30 17 NAD 83 395828 5134697 326 255 -55 48 NQ
RR-18-31 17 NAD 83 395809 5134694 328 255 -55 36 NQ
RR-18-32 17 NAD 83 395852 5134865 309 255 -55 36 NQ
RR-18-33 17 NAD 83 395861 5134867 308 255 -55 48 NQ
RR-18-34 17 NAD 83 395861 5134867 308 255 -70 63 NQ
RR-18-35 17 NAD 83 395891 5134872 306 255 -55 75 NQ
RR-18-36 17 NAD 83 395896 5134873 306 255 -55 70.5 NQ
Table 1: Snow White Diamond Drill Hole Locations and Summary Information
Hole ID From
(m)
To
(m)
Width
(m)
SiO2
(%)1
Al
(%)2
Ca
(%)2
Fe
(%)2
P
(%)2
Ti
(%)2
RR-18-02 0.60 15.00 14.40 98.88 0.14 0.01 0.081 0.001 0.007
incl. 2.00 11.80 9.80 99.24 0.06 0.01 0.034 0.001 0.004
RR-18-03 1.20 26.10 24.90 99.09 0.10 0.04 0.045 0.001 0.004
RR-18-05 1.40 6.90 5.50 96.93 0.73 0.06 0.288 0.007 0.026
and 8.30 17.60 9.30 95.47 0.84 0.22 0.477 0.017 0.038
and 22.40 38.15 15.75 98.77 0.23 0.01 0.094 0.002 0.007
incl. 26.50 36.00 9.50 99.02 0.17 0.01 0.047 0.001 0.004
RR-18-06 1.15 15.70 14.55 96.01 0.89 0.10 0.444 0.013 0.032
incl. 12.15 15.70 3.55 99.71 0.06 0.01 0.031 0.001 0.004
lost core 15.70 17.70 2.00
and 17.70 18.90 1.20 99.27 0.04 0.01 0.015 0.001 0.004
lost core 18.90 20.50 1.60
and 20.50 21.40 0.90 99.14 0.04 0.01 0.030 0.001 0.004
lost core 21.40 22.20 0.80
and 22.20 26.45 4.25 99.05 0.18 0.02 0.066 0.002 0.008
RR-18-10 1.20 21.20 20.00 99.25 0.09 0.01 0.044 0.001 0.004
RR-18-11 1.10 17.00 15.90 98.51 0.32 0.02 0.097 0.005 0.010
and 20.00 27.85 7.85 99.30 0.07 0.01 0.054 0.001 0.008
RR-18-12 0.50 30.00 29.50 97.27 0.61 0.06 0.253 0.012 0.020
incl. 17.30 28.50 11.20 99.07 0.19 0.01 0.078 0.002 0.007
RR-18-15 4.50 26.00 21.50 98.65 0.21 0.01 0.071 0.003 0.006
incl. 12.00 26.00 14.00 99.32 0.06 0.01 0.035 0.001 0.003
and 29.00 34.25 5.25 99.09 0.12 0.01 0.029 0.001 0.003
RR-18-16 3.20 23.90 20.70 98.34 0.27 0.02 0.102 0.003 0.009
incl. 4.40 14.30 9.90 99.08 0.05 0.01 0.024 0.001 0.003
incl. 17.30 23.90 6.60 99.12 0.12 0.01 0.030 0.001 0.003
RR-18-17 1.80 4.75 2.95 99.22 0.11 0.01 0.045 0.001 0.004
and 6.90 14.30 7.40 99.11 0.14 0.01 0.026 0.001 0.003
RR-18-18 16.75 24.60 7.85 96.03 0.95 0.06 0.247 0.006 0.020
and 31.00 47.50 16.50 97.80 0.41 0.06 0.159 0.005 0.014
incl. 34.70 46.00 11.30 99.12 0.11 0.02 0.045 0.001 0.005
RR-18-19 16.50 42.20 25.70 96.73 0.74 0.04 0.241 0.008 0.023
RR-18-20 21.00 33.65 12.65 97.67 0.36 0.09 0.308 0.003 0.013
and 39.15 45.50 6.35 96.67 0.56 0.11 0.389 0.008 0.023
RR-18-21 1.60 6.40 4.80 99.05 0.27 0.02 0.073 0.002 0.008
and 8.20 16.65 8.45 95.88 0.78 0.08 0.453 0.007 0.025
and 19.80 30.60 10.80 96.78 0.74 0.06 0.218 0.010 0.017
RR-18-22 2.00 14.75 12.75 97.36 0.49 0.06 0.259 0.006 0.019
RR-18-23 1.10 2.50 1.40 97.96 0.38 0.13 0.300 0.005 0.013
RR-18-24 14.15 15.10 0.95 97.20 0.35 0.48 0.430 0.002 0.016
RR-18-25 57.60 63.80 6.20 97.52 0.41 0.06 0.349 0.005 0.013
RR-18-26 39.50 54.00 14.50 98.42 0.30 0.03 0.084 0.002 0.008
RR-18-27 28.00 42.00 14.00 94.76 1.31 0.07 0.331 0.013 0.036
RR-18-28 16.10 35.30 19.20 97.19 0.69 0.04 0.199 0.007 0.015
incl. 19.70 24.00 4.30 99.36 0.15 0.01 0.049 0.002 0.005
incl. 25.40 28.15 2.75 99.10 0.22 0.01 0.059 0.001 0.004
RR-18-29 2.50 18.30 15.80 97.50 0.45 0.05 0.201 0.012 0.017
incl. 2.50 9.50 7.00 99.06 0.15 0.01 0.034 0.001 0.003
and 18.85 23.40 4.55 96.53 0.79 0.05 0.333 0.018 0.029
RR-18-30 21.00 42.60 21.60 97.43 0.32 0.41 0.109 0.002 0.008
incl. 26.30 35.85 9.55 99.25 0.08 0.02 0.039 0.001 0.004
RR-18-31 1.20 17.55 16.35 98.84 0.18 0.01 0.062 0.002 0.007
RR-18-32 1.80 16.50 14.70 98.04 0.37 0.01 0.093 0.002 0.010
RR-18-33 1.00 20.50 19.50 99.38 0.09 0.01 0.038 0.001 0.004
RR-18-34 1.20 37.50 36.30 97.77 0.40 0.04 0.165 0.005 0.016
incl. 1.20 21.00 19.80 98.93 0.09 0.01 0.040 0.001 0.005
RR-18-35 3.00 56.00 53.00 98.43 0.24 0.04 0.073 0.002 0.008
incl. 16.50 46.50 30.00 98.99 0.10 0.02 0.041 0.001 0.006
RR-18-36 5.85 62.00 56.15 98.58 0.24 0.04 0.103 0.003 0.009
incl. 24.00 58.50 34.50 99.24 0.11 0.02 0.053 0.001 0.005
1 - ALS Global Whole Rock by Fusion/XRF
2 - ALS Global Super Trace Lowest DL 4A by ICP-MS
Table 2: Summary of Snow White Drill Hole Intercepts - High Purity Silica Analytical Results