Iron Exploration
in Canada

Rogue completed a 10,500 meter drill program in May, 2012. The first phase, which consisted of twinning approximately 3,000 meters of historic holes, was completed in November 2011. This phase tested the southern extent of the deposit and drilling is now focused on the thicker, central portion. Results for the final holes were announced on August 2, 2012. For a summary of the results of the program the reader is directed to the News section.

In the 1960's, prior to the use of X-Ray Fluorescence (XRF) analysis used to calculate total iron percent, assay labs determined iron content using more traditional chemical methods which calculated soluble iron percent. Preliminary geological modeling by Rogue indicates the past work had outlined the geology reasonably accurately; however, the assay results from historical, acid-soluble analysis, are not sufficiently consistent with recent results analyzed for total iron content using XRF followed by Davis Tube tests (Figure 2). XRF results in new assays return higher values for iron than the acid soluble iron methods and for this reason the historical assay values will be of limited value in calculating a resource estimate. It is anticipated that completion of the 10,000 meter diamond drill program will be required to compete the resource estimate.

*Hole RH-08-01 was drilled in 2008, for property assessment purposes, on non-iron targets and was not analyzed for iron content until Sept, 2011.