Rockgate Capital Corp.
TSX : RGT

Rockgate Capital Corp.

September 30, 2010 08:45 ET

Rockgate Intercepts 0.95% U3O8 and 112.5 g/T Silver over 4.0 metres at Falea Project, Mali, West Africa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2010) - Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce assay results from diamond drill holes completed on Sections 1360625N (DF-253 to DF-256) and 1360650N (DF-260 to DF-262) on the Plateau Edge Structure ("PES") at Rockgate's 100% owned Falea Project. 

Table 1 Drill Highlights – Plateau Edge Structure (PES)
Hole ID From (m) To (m) Length (m) U3O8% (XRF) Ag (g/tonne) Cu(%)  Comments
DF-255 198.5 202.5 4.0 0.95 112.5 0.7  Projected centre of high-grade trend
including 200.5 202.5 2.0 1.70 154.5 1.0  
DF-262 191.5 196.5 5.0 0.87 89.0 0.7  Projected centre of high-grade trend
including 194.5 196.5 2.0 1.85 145.5 1.1  
Core lengths are estimated to be between 97 to 100 percent of true width.

Plateau Edge Structure Discussion

  • Mineralization is hosted in competent flat-lying sandstones/conglomerates near the unconformity.
  • Excellent configuration for a potential room and pillar mining operation.
  • Potential drift access from the edge of the plateau 400 metres away, where the flat-lying favourable stratigraphy is exposed at surface. 
  • 25 x 25 metre grid drilling confirms consistent high grade uranium mineralization with widths of up to 6.0 metres trending at 318 degrees.
  • Drilling has extended the zone along 600 metres strike, open to north-west, since the PES was discovered in November 2009.

General Discussion

  • Additional high-grade uranium and silver mineralization may be associated with similar north-west trends already identified in the North Zone.
  • Future diamond drilling is planned to test the Bodi and Kania showings to identify near-surface, bulk tonnage mineralization.
  • Diamond drilling will also focus on extending the PES Zone and locating additional high-grade mineralization on other North Zone structures.
  • The Falea Sedimentary Basin appears to be similar in age and geological setting to the Athabasca Basin in Canada. These recent developments now indicate the Falea Basin hosts high-grade uranium mineralization similar to that of the Athabasca Basin.
  • To date, only 5-6 percent of area hosting down-hole radiometric anomalies has been drill tested.

Diamond drill holes listed below were completed on Sections 1360625N and 1360650N at 25 metres spacing to test the favourable stratigraphy in detail.

Table 2 Section 1360625 N
Hole ID From (m) To (m) Length (m) U3O8% XRF Ag (g/tonne) Cu %  Comments
DF-256 195.0 197.0 2.0 0.65 253.0 0.4  Tested 25 metres west of DF-262
including 195.0 196.0 1.0 1.04 173.0 0.5  
DF-260 ABANDONED            High deviation in casing, hole stopped
DF-261 204.0 210.0 6.0 0.39 134.2 0.4  Tested 25 metres east of DF-262
including 207.0 210.0 3.0 0.67 234.0 0.5  
including 208.0 209.0 1.0 1.13 562.0 0.7  
DF-262 191.5 196.5 5.0 0.87 89.0 0.7  Projected centre of high-grade trend
including 194.5 196.5 2.0 1.85 145.5 1.1  
 
Table 3 Section 1360650 N
Hole ID From (m) To (m) Length (m) U3O8% XRF Ag (g/tonne) Cu %  Comments
DF-253 203.0 204.0 1.0 0.10 14.0 0.3  Tested 50 metres east of DF-255
DF-254 213.0 215.0 2.0 0.40 119.0 0.5  Tested 25 metres east of DF-255
DF-255 198.5 202.5 4.0 0.95 112.5 0.7  Projected centre of high-grade trend
including 200.5 202.5 2.0 1.70 154.5 1.0  

Mr. Lorne Warner, P. Geo, Director and VP Exploration, 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

This news release does not constitute an offer to sell or solicitation of an offer to sell any 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.

Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press release relative to markets about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change. Investors should not place undue reliance on forward-looking statements.

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