VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 04/03/12 — Rockgate Capital Corp. (TSX: RGT) (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.
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.“
To view „Northeast Plateau Drill Hole Location Map“ please click on the following link:
2012 Diamond Drill Program
Rockgate-s 2012 drill program comprises 4 diamond drills currently exploring several areas outside the current resource boundary.
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 .
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.
Contacts: Rockgate Capital Corp. Karl Kottmeier President 604-678-8941
Rockgate Capital Corp. Kirk Gamley VP Corporate Development 604-678-8941 604-689-7442 (FAX)
Only registered users can comment.
