Rogue Iron Ore Intersects 482 Meters of 40% Total Iron at Flagship Radio Hill Iron Ore Property12 minutes ago by Marketwire Canada
Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company") is pleased to announce assay results from drilling at its Radio Hill iron ore project, located 80km southwest of Timmins, Ontario. Drill hole RH-12-31 intersected 482 meters of banded iron formation (BIF) returning 39.9% total iron (25.7% DTWR) and drill hole RH-12-30 intersected two intervals of BIF returning 41.0% and 43.6% total iron (27.4% and 31.8% DTWR). Both holes show the width and depth potential at Radio Hill. These reported results were drilled through the central thickened portion of the iron formation. Several drill holes show that additional high grade material is located at depth (see Section 412325E via link below).
"These results have exceeded our expectations with robust intersections of good grades showing the potential of the thickened central portion of the iron formation. With drilling complete, Rogue has commenced market studies and metallurgical testing in order to characterize the ore for marketing the potential product both domestically and abroad," commented Company President & CEO, Freeman Smith.
The 2012 drill program, consisting of 43 holes, was completed in May 2012. Of the 43 holes, 3 holes were drilled previously but were not sampled for iron until now, bringing the cumulative total core length drilled to 10,447 meters. Portions of the core have been sent to SGS Lakefield Research Ltd. for analysis as part of the metallurgical testing currently underway and expected to be completed mid-August, at which point an NI 43-101 compliant resource estimate will be completed.
To view updated sections of recent drilling, please click on the following link: http://media3.marketwire.com/docs/rrs801cs.pdf