Rogue Resources Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -10/13/11)-

 

--  SIX HOLES COMPLETED IN SOUTHERN PORTION OF HISTORIC RESOURCE MODEL, UP
    TO 293 METERS OF IRON FORMATION INTERSECTED

--  1,840 METERS OF CORE SENT FOR IRON GRADE DEFINITION ANALYSIS TO SGS
    LABORATORY IN LAKEFIELD, ONTARIO

--  INTERVIEW WITH CEO DISCUSSING INITIAL RESULTS INCLUDED IN PRESS RELEASE

Rogue Resources Inc. (TSX-V: RRS.V - News) (the "Company") is pleased to announce a diamond drilling update at its 100% owned Radio Hill Iron Ore project, located 80 km southwest of Timmins, Ontario. Contracted drilling company Orbit Garant ("Orbit") has completed 6 diamond drill holes as of September 26, 2011 for a total of 1,200 meters (see Figure 1. below). The first phase of the recently announced 10,000 meter drilling campaign is 15 holes for a total of 3,140 meters. To date, a total of 372 samples, representing 1,840 meters of core, have been sent to SGS Laboratory in Lakefield. This includes sampling of two 2008 drill holes and one 2010 drill hole that were not sampled for iron ore.

 

FIGURE 1.
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Hole Name     Total Depth    Iron Formation Thickness(i)   Number of Samples
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RH-11-01             110m                           87m                   20
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RH-11-02             120m                           94m                   24
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RH-11-03             270m                          155m                   47
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RH-11-05             312m                          293m                   62
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RH-11-16             187m                          114m                   24
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RH-11-17             201m                          114m                   31
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(i) Iron Formation Thickness represents measured lengths along the core from
 lithological logging

To listen to an audio interview with the CEO in accordance with this release please click on the following link:

http://bit.ly/ok7ize

To view a PDF of the project with the current drill holes outlined please click on the link below:

http://bit.ly/pNZBMV

The objective of the ongoing drilling campaign is to assess the historical geological model by twinning existing holes and investigating footwall contact with the sediments. Field drill supervision and core logging is executed by SGS Canada Inc. (Geostat Office), which is also contracted to complete a 43-101 compliant resource estimation at Radio Hill.

Sampling is being completed on core length from 3 meters to 6 meters and assaying includes whole rock XRF analysis, Satmagan testing and Davis Tube Recovery testing with concentrate assaying. This assay data set will allow for a more accurate, updated resource estimate, together with a general picture of the geochemistry of the Iron Ore from the Radio Hill Deposit.

RADIO HILL

The Radio Hill deposit(i) was developed in the 1960s by Kukatush Mining Corp. who spent an estimated $10 million in 2011 dollars on exploration and metallurgical work including 140 drill holes and a number of metallurgical studies. Following resource definition, a feasibility study was initiated on the upper portion of the deposit and was deemed encouraging enough that Kukatush build a railway siding and grade from the Canadian National (CN) mainline to the deposit, a distance of about 4 km. The historical feasibility study determined by FENCO Ltd. indicated a 3.5 concentration ratio (3.5 tons of iron ore produced 1 ton of concentrate) which would produce a concentrate grade of between 66% and 68.5%. At that time recovery and pelletizing tests were also conducted which included both laboratory and pilot testing of grinding, concentrating and pelletizing practices (Neal and Ridell, 1965). This historic metallurgical test work indicated the potential for a commercially acceptable iron concentrate to be produced from Radio Hill mineralized material using magnetic separation followed by flotation.

Kevin Montgomery, P.Geo., is the qualified person for the purposes of National Instrument 43-101 and has reviewed the technical contents of this press release.

ABOUT ROGUE RESOURCES

Rogue has 36.9 million shares outstanding, $3,000,000 cash and a short term trading range of $0.20 to $0.30. Key milestones expected in the near term are:

 

--  Results from drilling at Radio Hill Iron Project
--  Completion of Radio Hill resource estimate
--  Completion of scoping study on Langmuir Nickel Project
--  Announcement of JVs or other partnerships on non-core assets

In addition to the Radio Hill Project the Company has a 100% interest in the Langmuir Nickel project which has a NI 43-101 compliant resource estimate outlining 18.2 million pounds of high-grade (0.98%) nickel and 1.2 million pounds of copper. Mineralization at Langmuir comes to surface and there is a fully operational, 2000 ton per day nickel mill within 10km of the deposit.

The Company has contracted SRK Consulting Ltd. to complete a scoping study on the project of which the metallurgical portion is now nearing completion.

ON BEHALF OF THE BOARD OF DIRECTORS

Steve de Jong, President & CEO

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(i) The historical estimates and feasibility values mentioned in this document are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves. The term "ore" in this document is being used in a descriptive sense for historical accuracy, and is not to be misconstrued as representing current economic viability.

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 Company's planned exploration activities, 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 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.

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.

Rogue Resources Inc.
Steve de Jong
President & CEO
(604) 629-1808
sdejong@roguemining.com
www.roguemining.com