Rockgate Capital Corp.
TSX : RGT

Rockgate Capital Corp.

April 03, 2012 07:00 ET

Rockgate Discovers New Uranium Mineralized Zone at Falea Uranium-Silver-Copper Project, Mali; 0.43% U3O8 and 136 g/t Silver Over 1.3m

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2012) - Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce the discovery of a new mineralized zone, the Northeast Plateau, immediately northeast of the high-grade North Zone at the Company's Falea U-Ag-Cu Project in Mali, West Africa. The discovery was made through systematic step-out drilling along projected mineralized trends during the fall 2011 drill program. The second hole of the program, DF-469, intersected 5.2 metres averaging 0.130% U3O8. Highlights of the program are presented in Table 1.

Table 1: Drill Highlights - Northeast Plateau

Hole Name From (m) To (m) Length (m) U3O8% XRF Ag (g/tonne) Cu %
DF-469 191.1 196.3 5.2 0.130 5.7 0.02
incl 192.1 194.2 2.1 0.260 8.7 0.03
DF-488 199.2 205.2 6.0 0.064 10.8 0.19
incl 202.1 205.2 3.1 0.110 20.1 0.34
incl 203.9 205.2 1.3 0.230 7.3 0.15
DF-506 189.3 193.8 4.5 0.060 8.9 0.10
incl 192.5 193.8 1.3 0.166 19.9 0.09
DF-514 192.0 193.3 1.3 0.430 136.0 0.03

All reported intervals are true lengths.

The initial Northeast Plateau step-out drill program was completed between October 29th and December 8th, 2011 and consisted of 16 vertical diamond drill holes spaced on a 200-metre and 100-metre square grid. Coverage extends 400 metres north and 300 metres east of previous drilling. All 16 drill holes intersected mineralization, indicating that the zone remains open to the north and east. Since drilling resumed after the Christmas break, an additional 21 core holes have been completed on a 50-metre infill grid for future resource estimation and definition of controls to mineralization to the north and east. Four diamond drills are currently testing various targets outside the resource boundary, including Northeast Plateau.

Rockgate president, Karl Kottmeier, commented, "The discovery of uranium mineralization to the northeast of the main deposit at North Zone confirms our belief that mineralization extends beyond the current resource boundaries and that the potential to discover additional deposits is very good."

Table 2: Summary of Drill Results - Northeast Plateau

Hole Name From (m) To (m) Length (m) U3O8% XRF Ag (g/tonne) Cu %
DF-464 200.0 202.3 2.3 0.037 20.7 0.48
DF-466 199.7 200.2 0.5 0.040 8.4 0.02
DF-469 191.1 196.3 5.2 0.130 5.7 0.02
incl 192.1 194.2 2.1 0.260 8.7 0.03
DF-471 198.0 199.0 1.0 0.002 2.2 0.39
DF-488 199.2 205.2 6.0 0.064 10.8 0.19
incl 202.1 205.2 3.1 0.110 20.1 0.34
incl 203.9 205.2 1.3 0.230 7.3 0.15
DF-491 192.4 192.9 0.5 0.067 4.6 0.35
and 202.5 203.6 1.1 0.026 61.0 0.68
DF-494 191.3 191.9 0.6 0.015 1.0 0.20
and 195.6 196.6 1.0 0.016 0.6 0.02
DF-496 201.3 205.4 4.1 0.033 5.0 0.10
incl 201.3 202.4 1.1 0.092 7.1 0.11
DF-499 201.4 205.4 4.0 0.024 3.8 0.19
incl 204.7 205.4 0.7 0.095 2.4 0.20
DF-501 202.4 204.1 1.7 0.057 2.7 0.09
202.4 203.0 0.6 0.093 4.4 0.13
DF-504 187.3 187.8 0.5 0.047 3.0 0.38
DF-506 189.3 193.8 4.5 0.060 8.9 0.10
incl 192.5 193.8 1.3 0.166 19.9 0.09
and 197.3 198.0 0.7 0.052 3.3 0.06
DF-509 201.0 202.0 1.0 0.007 2.7 0.26
DF-511 195.7 196.2 0.5 0.050 3.9 0.52
DF-514 192.0 193.3 1.3 0.430 136.0 0.03
DF-516 191.5 192.0 0.5 0.063 10.0 0.12
and 197.2 199.2 2.3 0.014 1.8 0.02

To view "Northeast Plateau Drill Hole Location Map" please click on the following link: http://media3.marketwire.com/docs/rgt.pdf

2012 Diamond Drill Program

Rockgate's 2012 drill program comprises 4 diamond drills currently exploring several areas outside the current resource boundary.

  1. Northeast Plateau - to continue to expand and define this new area of mineralization.
  2. Bodi Area - to confirm and expand near-surface mineralization north of the Falea plateau with the aim of identifying potential open pit resources and access to underground at North Zone.
  3. East Zone/Kania South - to expand mineralization at East Zone and at Kania South, and test the corridor potentially linking both areas. Bulldozer trails and drill pads have been constructed over steep terrain south of Kania.
  4. Drilling is planned on various targets including the Northwest Extension of North Zone, Central Zone step-outs, and the Bala area. Also, a drill will be assigned to drill PQ holes around the deposits to collect samples for comminution and ongoing metallurgical test work.

Christopher J. Wild, P.Eng., Project Manager for Falea, is the Qualified Person for the Company under NI 43-101. All core samples are cut in half on site and sent to ALS-Chemex in Bamako for direct shipment 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.

Please visit our website at www.rockgatecapital.com.

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

Karl Kottmeier, President

Neither Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rockgate Capital Corp.
    Karl Kottmeier
    President
    604-678-8941

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