Rockgate Capital Corp.
TSX VENTURE : RGT

Rockgate Capital Corp.

October 28, 2009 09:00 ET

Rockgate Diamond Drilling Starts on North Zone Falea Uranium-Silver-Copper Project, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) - Rockgate Capital Corp. (TSX VENTURE:RGT) (the "Company") is pleased to report that the third diamond drilling program of 2009 has started on the Company's 100% owned Falea Uranium-Silver-Copper Project, located in Mali, West Africa. The proposed 15,000 metre program will focus on infill and step out drilling at the North Zone area and is expected to take until the middle of 2010 to complete. Further drilling will be proposed once this phase is completed.

The current drilling program has four main objectives:

  1. Define and expand the North Zone to the south towards the Central Zone. Both the North and Central Zones remain open in most directions. The Central Zone is approximately 2.0 kilometres south of the North Zone.
  2. Define and expand the North Zone to the north towards the Bodi Zone. The Bodi Zone is situated approximately 1.6 kilometres north of the North Zone.
  3. Test historical drilling by Cogema (Areva) in the Bodi area where uranium mineralization was discovered within 30 metres of surface.
  4. Test numerous down-hole radiometric anomalies identified by Cogema located across the Falea license.

Upon completion of this first phase of drilling, Rockgate will initiate another resource study to be followed by a scoping study. Further metallurgical studies, focusing on the North Zone's uranium, silver and copper mineralization are expected to commence before the end of the year and baseline environmental studies are expected to begin in early 2010.

Work is also underway to expand the current 20 man camp and 100,000 litre fuel dump to more easily accommodate year-round drilling.

The Falea exploration permit covers 150 square kilometres of the Falea – North Guinea – Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies.

Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the Qualified Person for the Company under NI 43-101. All core samples are sawed in half on site and sent to ALS-Chemex in Bamako for sample preparation. Pulps are then sent to ALS-Chemex in Johannesburg, South Africa, for ICP-MS and XRF analysis. The company inserts a standard, blank and requests a duplicate sample be run in every batch of 20 samples. In addition, the lab inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as necessary.

ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKGATE CAPITAL CORP.

Karl Kottmeier, President

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither 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 release.

Contact Information

  • Rockgate Capital Corp.
    Karl Kottmeier
    President
    (604) 678 8941
    or
    Rockgate Capital Corp.
    Kirk Gamley
    VP Corporate Development
    (604) 678 8941
    www.rockgatecapital.com