VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2012) - Rogue Iron Ore Corp. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce the appointment of Mr. Freeman Smith as the President and Chief Executive Officer ("CEO") of the Company and that Mr. Stephen de Jong will assume the role of Executive Director.
Mr. Smith was appointed Executive Vice-President of Rogue in November 2011. Mr. Smith played a key role in identifying the core assets of the Company and helped rebrand Rogue as an iron ore explorer, in addition to working closely with Mr. de Jong in the Company's first significant financing last June. Prior to working with Rogue, Mr. Smith has held senior officer and director roles in a number of TSX-V trading companies. He is a professional geologist who has consulted to mineral exploration companies and geotechnical engineering firms throughout North America for the past 20 years. Mr. Smith holds a degree in geology from the University of British Columbia (1991).
Consistent with the Company's plan to build a team to aggressively advance the Radio Hill Project and market the company, Mr. de Jong will transition with Mr. Smith and will continue to support Company management on product marketing and strategic initiatives.
The Company's short term focus will be to complete the metallurgical testing and evaluate the resource and all possible scenarios for Radio Hill ore. As the Company determines what the potential scenarios for the product are, it will continue to move forward discussions with potential off-take and strategic partners.
"Rogue continues to advance the Radio Hill Project positioning the Company for success. Drilling is completed and we have started resource estimation and detailed metallurgical testing to determine what type of concentrate Radio Hill can produce. Following this we'll be able to identify who the potential buyers of that product might be," commented Freeman Smith.
About Rogue Iron Ore Corp.:
Rogue's Radio Hill Iron Ore Project is unlike most other iron plays in North America due to its exceptional infrastructure, which includes highway access, power, and the CN Rail mainline. The exploration risk has been significantly de-risked through approximately $10M of historical work, where the project was taken to the feasibility level. The Company recently completed a 10,500 meter drill program, which will be used for resource estimation and ongoing metallurgical test work.
Near Term Company Catalysts Include:
- Assay results from drilling of thickest portion of Radio Hill Iron Formation
- Results of metallurgical test work at Radio Hill
- Completion of a NI 43-101 Resource Estimate at Radio Hill
- Completion of spin-out gold company to capitalize on Rio Tinto gold discovery (visible gold in 11 separate drill intervals, all shallow drilling)
- Further appointments at management and Board levels
ON BEHALF OF THE BOARD OF DIRECTORS
Freeman Smith, President & CEO
Follow Rogue Iron Ore Corp. on:
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful. The common shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
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.