VANCOUVER, BC--(Marketwired - May 12, 2016) -
- SNC-Lavalin awarded environmental consultant contract for quarry permit application
- Field surveys and reports begin immediately, to fulfill the permit requirements
- SNC-Lavalin will support the preparation of the PEA, working with Met-Chem
- 1500 KG bulk sample recently extracted from site being processed into product samples by ANZAPLAN to support ongoing discussions with potential end users
- Two new board members bring legal, financing and transaction experience to rogue
Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") announces that after a competitive process it has awarded a contract for environmental consultation to SNC-Lavalin (TSX: SNC) for the Silicon Ridge project, located approximately 42 kilometres ("km") north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine. The appointment of SNC-Lavalin is an important step in maintaining the development and permit schedule for the project and in ensuring that all aspects of the project's development are completed in a timely manner and are consistent with environmental laws and regulations. SNC-Lavalin will be responsible for completing the project application form for the certificate of authorization as required by the Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques ("MDDELCC") under Section 22 of the Québec Environment Quality Act (EQA) for quarrying operations.
Environmental Baseline testing began at the Silicon Ridge project in Q2, 2015, with further field and desktop studies now being conducted under the direction of SNC-Lavalin to run parallel with, and provide support for the PEA scheduled for September completion by Met-Chem Canada Inc. SNC-Lavalin will consult regularly with the regional authorities including the MDDELCC and the Ministère des Forêts, de la Faune et des Parcs to ensure permit and certificate applications meet the exacting standards of regional authorities.
Rogue expects to release an overview of the anticipated permitting process, to be developed with SNC-Lavalin in June 2016. The work being undertaken will help with the timely issuance of permits and certificates.
Representative Bulk Sample Received by ANZAPLAN
As part of Dorfner ANZAPLAN ("ANZAPLAN") identifying commercial applications for the Silicon Ridge quartzite, (see News Release of April 25, 2016), the Company initiated a Bulk Sample and 1500 kilograms of quartzite from a surface exposure on the project were recently collected and shipped to Germany. This material is being processed into a number of samples designed to aid in ongoing discussions with potential end users and consumers of silica. The samples being developed will include material potentially suitable for metallurgical grade silicon and ferrosilicon applications as well as glass, ceramics and fillers.
Roskill Market Study
Rogue met this week with UK-based Roskill, a global leader in industrial minerals market intelligence, to review their ongoing North American market study. This study is supporting the Rogue team with product marketing meetings.
"The appointment of SNC-Lavalin represents another step forward for the Silicon Ridge project," said Sean Samson, President and CEO of Rogue Resources. "SNC-Lavalin is a recognized leader with extensive environmental consulting experience in the mining and metals sector, has completed numerous projects in Québec and as was clear from our competitive process, has a good understanding of local requirements for our project. The Rogue team did a great job getting the bulk sample from site safely and efficiently, on a tight time restriction. Having representative samples, and the intelligence we've gained through our work with Roskill, has us well positioned for our discussions with Market Participants over the coming months. Our time line for Silicon Ridge is on-track: a Resource in June; PEA in September; and a project advancement decision by the end of this year."
Board Changes
It is with regret that the Company received Stephen de Jong's resignation as a Director of Rogue this week. Stephen needs to focus on his role as CEO of Integra Gold Corp. which now also includes acting as a director of Eastmain Resources, a company in which Integra Gold recently acquired a 9.9% interest. Stephen will transition to participating on a new Panel of Advisors, currently in development by the Company. Peter Campbell has also resigned from the Board to pursue other opportunities and we would like to thank Peter for his dedication to Rogue.
Rogue is pleased to announce that two new candidates have been appointed to the Board and help strengthen the team: Christopher Wolfenberg, a partner at Fasken Martineau who practices business law, focusing on public and private corporate and securities transactions in resources and technology. He has acted as director and officer of a number of public, private and not-for-profit entities and draws from a wealth of transaction experience, particularly in mining.
Christopher Berlet is a mining entrepreneur who has been CEO of various publicly listed junior miners, is a mining engineer with operations experience and, as a Chartered Financial Analyst, has deep experience in finance and fund-raising.
"It is always difficult to see members of our team change, but we thank Peter for his support since 2012 and are pleased that Stephen has offered to continue as an Advisor to the Company," stated Sean Samson, President and CEO of Rogue Resources. "I have known and worked with both of our new board members for a number of years, am excited that they want to join and know they will bolster the Company's management depth in key areas. With these new director additions, having Stephen de Jong transitioning to an Advisor role and John de Jong continuing as a director, I believe the Company is very well positioned to continue moving forward with strength."
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement construction, completions and commissioning services together with a range of sustaining capital services to clients in our four industry sectors, oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. For more information visit www.snclavalin.com
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any metal, it looks at rock value and good grade deposits that can withstand all stages of the metal price cycle. The current focus is Quebec's Silicon Ridge Project. For more information visit www.rogueresources.ca
Qualified Person
The Silicon Ridge exploration project is under the direct supervision of Eddy Canova, P.Geo., and Senior Vice-President of the Company, a Qualified Persons ("QP") as defined by National Instrument 43-101, assisted by Paul Davis, P.Geo., Technical Consultant to the Company and also a QP as defined by National Instrument 43-101. Both QPs have approved the scientific and technical content of this release.
On Behalf of Rogue Resources Inc.
Sean Samson
President & CEO, Director
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.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements, including timing of completion of exploration work. 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, that the Company is able to procure personnel, equipment and supplies required for its exploration and development activities in sufficient quantities and on a timely basis and that actual results 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, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. 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.
