Rogue Resources Announces $1 Million Private Placement, Announces Update on Quebec Silica Project

Rogue Resources (TSXV:RRS) provided an updated overview of its Quebec Silicon Ridge project. The company also announced a $1 million private placement, which it will use primarily for further expenditures at Silicon Ridge.
As quoted in the press release:

2015 Highlights

• Signed a Memorandum of Understanding (“MOU”) with the Council of the Huron-Wendat Nation
• Launched 5,000 m drill program at Silicon Ridge; subsequently increased to 11,822 m*
• Engaged Dorfner-ANZAPLAN GmBH (“Anzaplan”) to carry out chemical and metallurgical testing of 7,000 kg quartzite NQ and PQ core
• Engaged Met-Chem Canada Inc. (“Met-Chem”) to develop a NI 43-101 compliant Resource Report (the “Resource”) and Preliminary Economic Assessment (the “PEA”)
• Baseline environmental testing initiated to help expedite future permitting applications

*Initial 5,000 m drill program was expanded to 11,822 m, in part due to Anzaplan’s request for NQ and PQ drill core and the decision to conduct infill drilling in Q4 2015 that had originally been planned for Q2 2016. The combination of Anzaplan’s analysis, plus the infill drilling at 50 m centres, provides an exceptional information base that should lead to a more robust and complete Resource and PEA.
2016 Silicon Ridge Project Highlights: Assays, Met Testing, Resource and PEA Report Timelines

• Assay results being reported confirm high purity SiO2 up to 99.98%
• Testing continues at Anzaplan to determine the suitability of the material for high value products
• Samples prepared, crushed and run through sensor-based sorting to produce differing qualities of silica. Further test work, including physical beneficiation, chemical analysis and thermal stability testing to be completed in the coming weeks. Anzaplan’s final report will include results of the test program, in addition to the identification of the quality and range of potential products. To view a flow sheet of Anzaplan’s processing test steps and current progress, please click on the following link:
  https://www.rogueresources.ca/i/pdf/2016-03_FlowChart-AnzaplanTest-Update.pdf
• Silicon Ridge Project 2016 Timeline:
  • March: Release of final assay results
  • April: Metallurgical findings and reports (Anzaplan)
  • From April: Develop market partnerships (off-take agreements)
  • June: Resource Report (Met-Chem)
  • September: PEA Report (Met-Chem)
  • Q4: Development decisions and pre-production planning

“2016 will be a pivotal year for Rogue. The main focus is advancing Silicon Ridge, de-risking the project through continued test work and analysis, with the corporate objective of reaching a development decision by the end of this year,” stated Sean Samson, President & CEO. “The work is staged, with Anzaplan confirming the type of silica we have at Silicon Ridge, Met-Chem’s Resource telling us the quantity, and the PEA packaging up the economic potential. In Q2, with the Anzaplan results in hand, we will immediately begin discussions with potential buyers with a goal of securing partnerships to further advance the project.”

Click here for the full press release.