Rockgate Capital Corp.
TSX : RGT

Rockgate Capital Corp.

March 31, 2011 07:00 ET

Rockgate Work at Falea Comments on Bloomberg Article of March 30, 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2011) - Rockgate Capital Corp. (TSX:RGT) (the "Company") has been made aware that Bloomberg News has disseminated a news item originally published by Agence France-Presse ("AFP") on March 30, 2011 concerning uranium exploration in the Republic of Mali. The news item alleges that the Government of Mali had struck an accord with the "Europe Ecologie-Les Verts" regarding the suspension of Rockgate's exploration and development activities at Falea on the basis that Europe Ecologie-Les Verts' representatives encountered support for their green initiatives in Falea and in Bamako, Mali's capital.

Subsequent to the issuance of the initial AFP dispatch, a second report has been released by the AFP quoting M. Benson Diatike, advisor to the President of Mali and clearly stating that Rockgate's operations have not been suspended by the Government of Mali and that the exploration work is underway and continuing uninterrupted.

Rockgate president Karl Kottmeier commented, "Rockgate's exploration and development work at the Falea uranium, silver and copper project continues without interruption. There are currently two diamond rigs drilling at the project and our scoping study work is well underway. The Company is continuing with its own internationally accepted environmental compliance having completed a preliminary environmental study and early baseline study under the independent direction of Golder Associates. An Environmental Impact Assessment, in direct consultation with the Government of Mali, has been commenced within the mandate of the Scoping Study. Rockgate welcomes the responsible review of our operations and environmental studies by all valid stakeholders and we are greatly encouraged by the ongoing support for our activities from the Malian government."

Rockgate has worked closely with the Malian Government and all stakeholders within the region to ensure that industry best practices are maintained, specifically regarding environmental and social impacts. 

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