Rockgate Capital Corp.

Rockgate Capital Corp.

September 15, 2009 08:45 ET

Rockgate Discovers New High-Grade Mineralization at Falea U-Ag-Cu Project, Mali-West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2009) - Rockgate Capital Corp. (TSX VENTURE:RGT) (the "Company") is pleased to report uranium, silver, and copper results received from 3 exploration diamond drill holes completed between the North and Bodi Zones on the Falea Project, located in Mali, West Africa. Details are listed in Table 1.

Highlights include: DF-175 2.37% (52.14 lb/tonne) U3O8 over 1.00 metres

Discovery is near the edge of Falea plateau and within 200 metres of favourable horizon reaching surface.

Three diamond drill holes tested the Kania sedimentary sequence approximately 250 to 400 metres north of the North Zone. All three holes encountered mineralization, with DF-175 containing the highest uranium values to date on the Falea property.

The newly discovered mineralization is very similar to the Bodi Zone, located over 1 kilometre to the north. At the Bodi Zone, the Kania Sandstone, ranging in thickness from 0.0 to 2.5 metres, hosts most of the mineralization with minor concentrations in the surrounding units. The Bodi Zone hosts the next highest grade intercept at 2.03% U3O8 over 0.50 metres. The significance of the discovery is underscored by its proximity to the edge of the plateau. East of the Road Fault, the Kania Sandstone is projected to daylight a few hundred metres north of DF-173.

Table 1 Results of Exploration Drill Holes

From To Length U3O8% Ag Cu
Hole Name (m) (m) (m) XRF (g/t) %
DF-173 225.00 226.00 1.00 0.14 8.31 0.34
DF-174 184.10 185.10 1.00 0.03 0.85 0.04
DF-175 265.20 266.20 1.00 2.37 67.00 0.66
(i)Duplicate Sample of DF-175 3.88 81.00 0.94

(i) Duplicate sample from original.

All holes were inclined; true widths are estimated at 74, 89,
and 65% of the reported lengths for DF-173 to DF-175 respectively.

DF-173 targeted the Kania sandstone approximately 400 meters north north-west of DF-066, which is in the North Zone resource area. DF-174 targeted the sandstone 75 metres east of DF-173, and DF-175 targeted the Kania 240 metres north of DF-066.

The resource estimate for Falea, completed by Golder Associates, outlined 871,000 pounds of U3O8 and 1,116,000 ounces of Ag in 572,000 tonnes grading 0.069% U3O8 and 61 g/t Ag in Indicated resources and 19,381,000 pounds of U3O8 and 30,484,000 ounces of Ag in 10,270,000 tonnes grading 0.086% U3O8 and 92 g/t Ag of Inferred resources at a cut-off grade of 0.03% U3O8 and uncapped U3O8 and Ag grades.

The next phase of drilling is anticipated to total at least 15,000 metres, commencing in the next four weeks and continuing into the middle of 2010. The program will focus on infill and step out drilling around the North Zone and will also begin to evaluate the numerous untested down-hole radiometric anomalies discovered by Areva (previously Cogema) during the 1970's.

Lorne Warner, P. Geo, VP Exploration for Rockgate comments; "The results from this summer's drilling confirmed our concept that a north-north-west trending structure may play an important role in controlling mineralization from the Bodi Zone to the North Zone and beyond. We also have to consider drill testing the property's potential to host high-grade mineralization in feeder structures beneath the Kania Sequence along these potential growth faults."

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.


Lorne Warner P.Geo, V.P. Exploration

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
    (604) 678 8941
    Rockgate Capital Corp.
    Kirk Gamley
    VP Corporate Development
    (604) 678 8941
    (604) 689 7442 (FAX)