Rockgate Capital Corp.
TSX : RGT

Rockgate Capital Corp.

October 14, 2010 11:53 ET

Rockgate Intersects 6.0 m @ 1.24% U3O8 and 34.8 g/tonne Ag at Falea Project, Mali

Continues to Extend High-Grade Uranium Mineralization at Plateau Edge Structure

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2010) - Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce assay results from diamond drill holes completed on Sections 1360575N (DF-257 to DF-259) and 1360700N (DF-263 to DF-264) on the Plateau Edge Structure "PES" at Rockgate's 100% owned Falea Project. 

Plateau Edge Structure Discussion

  • Mineralization is hosted in competent flat-lying sandstones/conglomerates near the unconformity.
  • Excellent configuration for a room and pillar mining operation.
  • Potential drift access from the edge of the plateau 400 metres away, where the flat-lying favourable stratigraphy daylights. 
  • 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.

Drilling Results – Plateau Edge Structure (PES)

Hole Name   From (m)   To (m)   Length (m)   U3O8 %XRF   Ag (g/tonne)   Cu (%)
Section 1360700 N                    
DF-263   196.0   199.0   3.0   0.63   245.1   0.2
including   197.0   198.0   1.0   1.27   76.0   0.2
                         
DF-264   192.3   193.3   1.0   0.74   168.0   0.9
Section 1360575 N                    
DF-257   205.5   209.5   4.0   0.66   51.9   0.3
including   205.5   206.5   1.0   1.60   68.0   0.6
                         
DF-258   203.0   209.0   6.0   0.38   177.0   0.3
                         
DF-259   201.4   207.4   6.0   1.24   34.8   0.5
including   204.4   206.4   2.0   3.09   20.2   0.8
and   205.4   206.4   1.0   4.87   20.1   0.8
Core lengths are estimated to be between 97 to 100 percent of true width.

General Discussion

  • Additional high-grade uranium-silver mineralization may be associated with three similar north-west trends already identified in the North Zone.
  • 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.

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

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