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Rockgate Capital Corp.

Publié le 21 mai 2008

INTERSECTS 0.31% U308, 1,502.1 g/tonne SILVER OVER 3.2 METRES IN NORTH ZONE, FALEA URANIUM

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Mots clés associés :   Copper | Uranium |
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Rockgate Capital Corp.

ROCKGATE INTERSECTS 0.31% U308, 1,502.1 g/tonne SILVER OVER 3.2 METRES IN NORTH ZONE, FALEA URANIUM PROJECT, MALI
RGT: TSX-V May 21, 2008

Vancouver, British Columbia, May 21, 2008 - Rockgate Capital Corp. (TSX Venture: RGT) (the “Company”) is pleased to report some of the highest grades of uranium encountered to date as well as the discovery of disseminated native silver mineralization within the North Zone of the Falea Uranium Project, highlighted by hole DF-084 which returned 0.31% U308 and 1,502.1 grams/tonne silver.
 
Table 1


Hole Name

From

To

Width

U3O8

Ag

Ag

 

(m)

(m)

(m)

(%)

(g/tonne)

(oz/t)

DF-070*

298.50

300.70

2.00

0.277

758.8

22.13

DF-073

294.50

296.20

1.70

0.277

399.6

11.65

DF-075

290.90

292.70

1.80

0.256

683.5

19.91

DF-079

278.40

281.70

4.30

0.309

854.0

24.91

DF-081

280.55

282.00

1.45

0.142

529.0

15.43

DF-084

278.80

282.00

3.20

0.310

1502.1

43.81

*Results from DF-070 were first released Feb 29, 2008. DF-070 results have been re-released herein to provide continuity between releases of the substantial silver results being discovered at North Zone. All hole lengths are equal to true width except hole 81, which has an estimated true width of 1.38 metres.

The North Zone was first discovered in November 2007 and is now known to contain uranium mineralization over a strike length of 1,500 metres by 400 metre width. High-grade silver mineralization, based on assays received to date and observed native silver in drill cores (with assay results pending) is occurring along the southern edge of the North Zone over a strike length 1,400 metres and widths of up to 190 metres. Drill hole DF-081 is located on the north flank of the North Zone indicating the potential of a second high-grade silver zone contained within the North Zone.

“We are really pleased with these results from the North Zone. We have focused much of our work in the past months on defining the size potential of the North Zone. Not only has the North Zone increased in strike length and width but the presence of such high grades of silver in addition to the excellent continuity of the uranium results may substantially impact the economic potential of the Falea project as a whole." commented Rockgate president Karl Kottmeier.

New geological interpretations on the relationship of mineralization to open rolls in the known three regional structural corridors has indicated the potential for additional uranium zones to occur in each one of the three known corridors.  Since October 2007, Rockgate has completed over 20,000 metres of diamond drilling in 84 holes in the North Zone and has expanded the current diamond drilling program.

The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Rockgate Capital has earned a 60% interest in the Falea Uranium-Copper from Delta and is the operator of the project.

Mr. Lorne Warner, P. Geo, Director and VP Exploration is the Qualified Person for the Company under NI 43-101 and is currently on site at Falea. All core samples a sawed in half and sent to Bamako where ALS prepares the samples with pulps then shipped to EcoTech Laboratories in Kamloops B.C. for ICP-MS analysis and ALS in Vancouver for XRF analysis for uranium. The company inserts a standard blank and requests a duplicate sample in every batch of 20 samples.

For further information contact Karl Kottmeier, President of Rockgate Capital Corp., at (604) 678 8941.

 

ON BEHALF OF THE BOARD OF DIRECTORS OF
ROCKGATE CAPITAL CORP.

 

_______________________
Karl Kottmeier
President




This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.


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Rockgate Capital Corp.

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Rockgate Capital est une société d’exploration minière d'uranium basée au Canada.

Rockgate Capital détient divers projets d'exploration au Mali, au Niger et en Guinee.

Ses principaux projets en exploration sont IXTAPAN au Mexique, KINONKO, FALEA et FALEA au Mali, TAMEKOURE et NIAMBALA en Guinee et TELWA GADA au Niger.

Rockgate Capital est cotée au Canada. Sa capitalisation boursière aujourd'hui est 73,6 millions CA$ (73,4 millions US$, 60,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 5,54 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,11 CA$.

Rockgate Capital possède 116 897 000 actions en circulation.

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Financements de Rockgate Capital Corp.
03/03/2008ANNOUNCES SPIN-OFF OF CANADIAN MINERAL PROPERTIES AND PRIVAT...
Projets de Rockgate Capital Corp.
24/02/2009(Falea)Begins Spring Program on Falea Uranium, Silver, Copper Proje...
01/10/2008(Falea) drills 0.20% U3O8 over 9 m at Falea North
26/09/2008(Falea)discovers East zone at Falea project
24/09/2008(Falea) drills 3 m of 0.2% U3O8, 25 g/t Ag at Falea JV
28/05/2008(Falea)drills average 0.207% U3O8 over 3.36 m
21/05/2008(Falea)INTERSECTS 0.31% U308, 1,502.1 g/tonne SILVER OVER 3.2 METRE...
29/01/2008(Falea)DISCOVERS NEW URANIUM ZONE AT FALEA PROJECT, MALI, WEST AFRI...
Communiqués de Presse de Rockgate Capital Corp.
30/01/2009and Delta Exploration Inc. complete Plan of Arrangement
10/11/2008to acquire Delta Exploration
09/06/2008COMPLETES ARRANGEMENT AGREEMENT FOR
04/02/2008CONTRACTS GOLDER ASSOCIATES LTD. TO CONDUCT RESOURCE AND ISR...
31/10/2007New Cantech Ventures Inc. News Release
08/05/2007ACQUIRES 100% INTEREST IN URANIUM BEARING SEDIMENTARY BASIN ...
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