Rockgate Capital Corp.

Rockgate Capital Corp.

January 29, 2008 09:00 ET

Rockgate Discovers New Uranium Zone at Falea Project, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Rockgate Capital Corp. (TSX VENTURE:RGT) (the "Company") is pleased to report that initial Phase Two drilling completed between October and December 2007 has resulted in the discovery of a new zone of uranium mineralization over an area of 1100 x 300 metres. This new North Zone is located 1.5 kilometres north of the Central Zone and remains open in three directions.

The discovery of the North Zone is based on seven recently completed exploration diamond drill holes, spaced at 200 metre intervals and one 100 metre spaced diamond drill hole. When averaged, the grade and thickness of the eight individual holes is 0.104% U3O8 and 4.06 metres, respectively. The zone contains some of the highest radiometric readings at Falea to date. Table 1 contains all holes drilled in the North Zone. For a detailed map of drilling locations please see the Projects section of the Company's web site.

Table # 1
Hole From To ness Grade
Name (m) (m) (m) %U3O8 Comments
DF-062 275.50 277.50 2.00 0.317 North Zone Discovery Hole
including 275.50 276.00 0.50 1.019
DF-063 267.87 271.40 3.53 0.069 200m north and east of DF-062
including 270.90 271.40 0.50 0.400
DF-064 287.40 292.50 5.10 0.124 200m east of DF-062
including 289.50 292.50 3.00 0.205
including 290.00 290.50 0.50 0.632
DF-065 208.20 211.50 3.30 0.143 400m east of DF-062
DF-066 199.00 203.00 4.00 0.048 600m east of DF-062
DF-067 189.00 196.00 7.00 0.055 800m east of DF-062
DF-069 343.00 346.70 3.70 0.110 200m west of DF-062
DF-070 296.80 301.70 4.90 0.139 100m west of DF-062
including 298.50 300.70 2.20 0.277 w/ 22.13 oz/tonne Silver

The thickness of mineralization recorded in Table # 1 is considered true thickness for all holes except holes DF-069-70 whose true thickness of mineralization is estimated to be 3.48 and 4.01 metres respectively. All samples were sent to ECO TECH Laboratories in Kamloops, BC, ICP-MS analysis was completed on all samples, XRF analysis is to be completed at ALS-Chemex in Vancouver, B.C. All sample results are drawn from assays and are not based on down-hole logging.

The Phase Two diamond drilling program consists of a minimum of 12,000 metres of diamond drilling over approximately 40 holes and is intended to test the potential of the Central Zone Structural Corridor (CZSC). The north-south trending CZSC is currently projected to be over 8 kilometres in length and up to 1.5 kilometres in width. The current program is designed to expand the known mineralization of the Central Zone which is remains open and also to explore the corridor north from the Central Zone to the as yet untested Bodi Uranium Zone, located approximately 2.8 kilometres to the north and within the CZSC.

Karl Kottmeier, President of Rockgate, commented, "The discovery of this new zone is a substantial advancement for the Falea project as the new discovery area was not expected to be as well mineralized as the Central Zone and as such was not one of our higher priority targets. The new zone is already almost the same size in area as the Central Zone and both remain open in at least three directions. We have several known uranium occurrences within the CZSC and two separate structural corridors with radiometric anomalies and all have yet to be drill tested."

The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Rockgate Capital has earned a 60% interest in the Falea Uranium-Copper from Delta Exploration, and is the operator of the project.

Mr. Lorne Warner, P. Geo, Director and VP Exploration is the Qualified Person for the Company under NI 43-101.


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.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press 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)