Rockgate Discovers New Uranium Mineralized Zone at Falea Uranium-Silver-Copper Project, Mali; 0.43% U3O8 and 136 g/t Silver Over 1.3m

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwire -04/03/12)- Rockgate Capital Corp. (TSX: RGT.TO - News) (the "Company") is pleased to announce the discovery of a new mineralized zone, the Northeast Plateau, immediately northeast of the high-grade North Zone at the Company's Falea U-Ag-Cu Project in Mali, West Africa. The discovery was made through systematic step-out drilling along projected mineralized trends during the fall 2011 drill program. The second hole of the program, DF-469, intersected 5.2 metres averaging 0.130% U3O8. Highlights of the program are presented in Table 1.

 

Table 1: Drill Highlights - Northeast Plateau

---------------------------------------------------------------------------
                From         To     Length      U3O8%         Ag         Cu
Hole Name         (m)        (m)        (m)       XRF   (g/tonne)         %
---------------------------------------------------------------------------
DF-469         191.1      196.3        5.2      0.130        5.7       0.02
---------------------------------------------------------------------------
incl           192.1      194.2        2.1      0.260        8.7       0.03
---------------------------------------------------------------------------
DF-488         199.2      205.2        6.0      0.064       10.8       0.19
---------------------------------------------------------------------------
incl           202.1      205.2        3.1      0.110       20.1       0.34
---------------------------------------------------------------------------
incl           203.9      205.2        1.3      0.230        7.3       0.15
---------------------------------------------------------------------------
DF-506         189.3      193.8        4.5      0.060        8.9       0.10
---------------------------------------------------------------------------
incl           192.5      193.8        1.3      0.166       19.9       0.09
---------------------------------------------------------------------------
DF-514         192.0      193.3        1.3      0.430      136.0       0.03
---------------------------------------------------------------------------

All reported intervals are true lengths.

The initial Northeast Plateau step-out drill program was completed between October 29th and December 8th, 2011 and consisted of 16 vertical diamond drill holes spaced on a 200-metre and 100-metre square grid. Coverage extends 400 metres north and 300 metres east of previous drilling. All 16 drill holes intersected mineralization, indicating that the zone remains open to the north and east. Since drilling resumed after the Christmas break, an additional 21 core holes have been completed on a 50-metre infill grid for future resource estimation and definition of controls to mineralization to the north and east. Four diamond drills are currently testing various targets outside the resource boundary, including Northeast Plateau.

Rockgate president, Karl Kottmeier, commented, "The discovery of uranium mineralization to the northeast of the main deposit at North Zone confirms our belief that mineralization extends beyond the current resource boundaries and that the potential to discover additional deposits is very good."

 

Table 2: Summary of Drill Results - Northeast Plateau

---------------------------------------------------------------------------
                From         To     Length      U3O8%         Ag         Cu
Hole Name         (m)        (m)        (m)       XRF   (g/tonne)         %
---------------------------------------------------------------------------
DF-464         200.0      202.3        2.3      0.037       20.7       0.48
---------------------------------------------------------------------------
DF-466         199.7      200.2        0.5      0.040        8.4       0.02
---------------------------------------------------------------------------
DF-469         191.1      196.3        5.2      0.130        5.7       0.02
---------------------------------------------------------------------------
incl           192.1      194.2        2.1      0.260        8.7       0.03
---------------------------------------------------------------------------
DF-471         198.0      199.0        1.0      0.002        2.2       0.39
---------------------------------------------------------------------------
DF-488         199.2      205.2        6.0      0.064       10.8       0.19
---------------------------------------------------------------------------
incl           202.1      205.2        3.1      0.110       20.1       0.34
---------------------------------------------------------------------------
incl           203.9      205.2        1.3      0.230        7.3       0.15
---------------------------------------------------------------------------
DF-491         192.4      192.9        0.5      0.067        4.6       0.35
---------------------------------------------------------------------------
and            202.5      203.6        1.1      0.026       61.0       0.68
---------------------------------------------------------------------------
DF-494         191.3      191.9        0.6      0.015        1.0       0.20
---------------------------------------------------------------------------
and            195.6      196.6        1.0      0.016        0.6       0.02
---------------------------------------------------------------------------
DF-496         201.3      205.4        4.1      0.033        5.0       0.10
---------------------------------------------------------------------------
incl           201.3      202.4        1.1      0.092        7.1       0.11
---------------------------------------------------------------------------
DF-499         201.4      205.4        4.0      0.024        3.8       0.19
---------------------------------------------------------------------------
incl           204.7      205.4        0.7      0.095        2.4       0.20
---------------------------------------------------------------------------
DF-501         202.4      204.1        1.7      0.057        2.7       0.09
---------------------------------------------------------------------------
               202.4      203.0        0.6      0.093        4.4       0.13
---------------------------------------------------------------------------
DF-504         187.3      187.8        0.5      0.047        3.0       0.38
---------------------------------------------------------------------------
DF-506         189.3      193.8        4.5      0.060        8.9       0.10
---------------------------------------------------------------------------
incl           192.5      193.8        1.3      0.166       19.9       0.09
---------------------------------------------------------------------------
and            197.3      198.0        0.7      0.052        3.3       0.06
---------------------------------------------------------------------------
DF-509         201.0      202.0        1.0      0.007        2.7       0.26
---------------------------------------------------------------------------
DF-511         195.7      196.2        0.5      0.050        3.9       0.52
---------------------------------------------------------------------------
DF-514         192.0      193.3        1.3      0.430      136.0       0.03
---------------------------------------------------------------------------
DF-516         191.5      192.0        0.5      0.063       10.0       0.12
---------------------------------------------------------------------------
and            197.2      199.2        2.3      0.014        1.8       0.02
---------------------------------------------------------------------------

To view "Northeast Plateau Drill Hole Location Map" please click on the following link: http://media3.marketwire.com/docs/rgt.pdf

2012 Diamond Drill Program

Rockgate's 2012 drill program comprises 4 diamond drills currently exploring several areas outside the current resource boundary.

 

1.  Northeast Plateau - to continue to expand and define this new area of
    mineralization.
2.  Bodi Area - to confirm and expand near-surface mineralization north of
    the Falea plateau with the aim of identifying potential open pit
    resources and access to underground at North Zone.
3.  East Zone/Kania South - to expand mineralization at East Zone and at
    Kania South, and test the corridor potentially linking both areas.
    Bulldozer trails and drill pads have been constructed over steep terrain
    south of Kania.
4.  Drilling is planned on various targets including the Northwest Extension
    of North Zone, Central Zone step-outs, and the Bala area. Also, a drill
    will be assigned to drill PQ holes around the deposits to collect
    samples for comminution and ongoing metallurgical test work.

Christopher J. Wild, P.Eng., Project Manager for Falea, 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.

Please visit our website at www.rockgatecapital.com.

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:

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

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