Rockgate Capital Corp.
TSX : RGT

Rockgate Capital Corp.

November 01, 2011 07:00 ET

Rockgate Extends Newly Outlined High Grade Zone, Falea Uranium-Silver-Copper Project, Mali

0.87% U3O8 and 270 g/t Silver over 2.80 metres and 0.70% U3O8 and 1,115 g/t Silver over 0.97 metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2011) - Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce the results from 27 diamond drill holes completed as part of an infill and step-out drill program in the North Zone at the Falea Uranium-Silver-Copper Project. Drilling focused on extending recently outlined west-trending, high-grade uranium-silver mineralization on the west half of North Zone. Highlights of the program are presented in Table 1.

Table 1 Drill Highlights
From To Length U3O8% Ag Cu
Hole Name (m) (m) (m) XRF (g/tonne) %
DF-401 268.0 270.0 1.98 0.20 287.0 0.04
DF-402 274.5 277.5 2.94 0.53 62.9 0.21
incl 276.5 277.5 0.98 1.07 146.0 0.26
DF-404 290.0 293.0 2.80 0.87 270.3 0.07
incl 292.0 293.0 0.93 1.51 80.0 0.08
DF-405 273.8 276.8 2.94 0.16 143.0 0.31
incl 273.8 274.8 0.98 0.33 396.0 0.81
DF-406 279.0 281.0 1.91 0.23 232.7 0.40
DF-410 272.0 274.0 1.94 0.43 570.0 0.22
incl 272.0 273.0 0.97 0.70 1,115.0 0.35
DF-412 292.0 295.0 2.95 0.19 109.3 0.06
All reported intervals are true lengths.

These results have confirmed the western trend of coincident high-grade uranium-silver mineralization, and extended the zone approximately 100 metres to the west of the former resource boundary. Results have also defined the south-western limits to that mineralization while indicating other possible trends to the northwest.

Drilling commenced at Falea on October 10th with 3 diamond drill rigs, following a 7-week seasonal break. A fourth drill rig is expected to arrive at Falea early in 2012.

North Zone – West Central Area

Ten diamond drill holes infilled the west-central part of the North Zone, including 7 holes along Section 1 360 500N and 2 more north of the section. Infill hole spacing is 50 metres. All 10 holes intersected high-grade mineralization over thicknesses of between 1 and 4 metres, over an east-west distance of 500 metres.

To the north of line 1 360 500N, two holes, DF-409 and DF-410, returned excellent uranium and silver grades (see Table 2), suggesting a possible control to mineralization may extend to the northwest in the vicinity of these holes. More holes are planned to the northwest.

Table 2 North Zone – West Central Results
From To Length U3O8% Ag Cu
Hole Name (m) (m) (m) XRF (g/tonne) %
DF-397 268.0 269.0 0.98 0.02 112.0 0.26
DF-399 266.0 270.0 1.97 0.17 11.8 0.08
DF-405 273.8 276.8 2.94 0.16 143.0 0.31
incl 273.8 274.8 0.98 0.40 396.0 0.81
DF-406 279.0 281.0 1.91 0.23 232.7 0.40
DF-407 282.0 283.0 0.98 0.13 98.0 0.34
DF-408 283.7 286.7 2.91 0.18 54.1 0.27
incl 284.7 285.7 0.97 0.50 95.0 0.42
DF-409 264.8 265.8 0.99 0.17 129.0 0.43
DF-410 272.0 274.0 1.94 0.43 570.0 0.22
incl 272.0 273.0 0.97 0.70 1,115.0 0.35
DF-414 299.0 301.0 1.89 0.01 3.0 0.04

North Zone – Southwest Extension

In the southwest corner of the North Zone, 18 diamond drill holes were completed to extend and define the limit of high-grade mineralization identified earlier in the summer (Rockgate News Release dated September 13, 2011). The program succeeded establishing an approximate 100 metre by 100 metre extension to the southwest portion of the North Zone with a roughly east-west and north-south boundary. Composite grades are listed in Table 3, high grade values in bold.

Table 3 North Zone – Southwest Extension
From To Length U3O8% Ag Cu
Hole Name (m) (m) (m) XRF (g/tonne) %
DF-401 268.0 270.0 1.98 0.20 287.0 0.04
DF-402 274.5 277.5 2.94 0.53 62.9 0.21
incl 276.5 277.5 0.98 1.07 146.0 0.26
DF-404 290.0 293.0 2.80 0.87 270.3 0.07
incl 292.0 293.0 0.93 1.51 80.0 0.08
DF-411 298.0 301.0 2.92 0.21 28.4 0.09
DF-412 292.0 295.0 2.95 0.19 109.3 0.06
DF-413 288.0 289.0 2.95 0.20 14.9 0.02
DF-415 295.0 298.0 3.00 0.01 1.8 0.12
DF-416 296.0 299.0 3.00 0.01 1.2 0.06
DF-417 303.0 304.0 1.00 0.01 14.1 0.11
DF-419 296.0 297.0 1.00 0.00 0.3 0.01
DF-421 293.0 294.0 1.00 0.00 0.9 0.11
DF-424 290.0 292.0 2.00 0.17 22.1 0.13
DF-427 288.0 291.0 3.00 0.13 14.5 0.03
DF-430 286.0 287.0 1.00 0.05 3.4 0.16
DF-432 293.0 294.0 1.00 0.02 1.0 0.08
DF-435 303.0 306.0 2.85 0.07 46.0 0.36
DF-438 316.0 317.0 0.93 0.00 30.4 0.45
DF-441 283.0 284.0 0.98 0.00 0.7 0.00

Five high-grade holes are located outside the previous resource boundary; DF-424 is located 80 metres outside. Definition drilling continues along the indicated southern boundary stretching to the east.

2011/12 Diamond Drill Program Commences

Rockgate's 2011-2012 drill program has thus far focused, and will continue to focus on the following goals:

  • Infill drilling to upgrade inferred resources within the North Zone. Equally important, increasing the drill density greatly aids in interpreting controls to mineralization, especially high-grade trends, which will direct future drilling.

  • Step-out drilling to extend identified mineralized trends outside the currently defined resource boundaries. At North Zone, drilling has begun to test the east and northeast extensions.

  • First pass exploration drilling has just been completed at the Bala area to the south and the Kania area to the east. A second stage of drilling has begun at Kania / East Zone.

Christopher J. Wild, P.Eng., V.P. Exploration for Rockgate, 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.

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

Karl Kottmeier, President

To view the map that accompanies this release, please visit: http://media3.marketwire.com/docs/rgt1101-map1.pdf.

Neither the 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