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, Oct 14, 2010 (Marketwire via COMTEX) -- Rockgate Capital Corp. (CA:RGT 0.81, +0.02, +2.53%) (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
SOURCE: Rockgate Capital Corp.
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
(Formerly known as "Richagain") My posts are my opinion and are subject to change without notice. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
