VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) -Rockgate Capital Corp. (TSX:RGT) (the "Company" or "Rockgate") is pleased to announce that the 2012 diamond drill campaign at the Falea Uranium-Silver-Copper Project commenced on January 13th following a short Christmas shutdown. Falea comprises three permits totaling 267 square kilometres located in western Mali, West Africa.
Highlights
- 4 diamond drills currently drilling at Falea.
- 60,000 metres of diamond drilling planned for first half of 2012.
- 2012 Program to focus on exploration outside currently defined resource areas.
Main Targets
- NE Plateau located immediately adjacent to the North Zone.
- Bodi Zone hosts small resource, open in all directions with open pit potential.
- Currently drilling the East Zone where uranium mineralization was previously identified.
- Step-out drilling planned for Northwest Extension of North Zone.
- Exploration drilling planned for Central Zone and to adjacent Bala area.
NE Plateau
The NE Plateau is continuous with the North Zone, stretching to the northeast up a gently south-dipping plateau. Drilling in the area began in late in 2011 initially on a widely spaced grid and has resumed on 100 and 50 metre grids. NE Plateau is currently the highest priority target with the potential to add significantly to the Falea mineral resource.
Bodi Zone
The Bodi Zone is located less than 1 kilometre north of the northern boundary of the North Zone, off the northern margin of the Falea Plateau. As a result, mineralization is much closer to the surface and presents a possible open pittable target. Current resources at Bodi are located west of the north-trending Road Fault and lie over 100 metres below surface. Potential mineralization east of the fault would be close to surface. Access roads and drill pads are currently being constructed in steep terrain with drilling planned to begin in early February. Several fences of drill holes are planned for both sides of the fault.
East Zone
One drill is currently dedicated to East Zone, stepping systematically to the south of previously discovered uranium mineralization on the top of the plateau (see Rockgate News Releases September 26, 2008 and September 1, 2009). A drill grid of 50 metres by 50 metres has been designed and access roads into Kania South will be constructed. In addition, 4 drill holes in the Kania South area 700 metres south, intersected strong uranium mineralization that appears to be related to East Zone mineralization. Previous East Zone results are compiled in Table 1.
| Table 1 Kania - East Zone |
| Hole Name |
From (m |
) |
To (m |
) |
Length (m |
) |
U3O8% XRF |
Ag (g/tonne |
) |
Cu % |
| DF-121* |
343.40 |
|
345.12 |
|
1.72 |
|
0.074 |
5.2 |
|
0.18 |
| DF-123* |
345.30 |
|
347.20 |
|
1.90 |
|
0.082 |
2.5 |
|
0.27 |
| DF-124* |
338.25 |
|
341.98 |
|
3.73 |
|
0.037 |
2.8 |
|
0.17 |
| DF-163* |
345.00 |
|
350.00 |
|
4.92 |
|
0.022 |
2.4 |
|
0.15 |
| DF-164* |
369.00 |
|
372.00 |
|
2.74 |
|
0.041 |
2.4 |
|
0.15 |
| DF-322 |
226.00 |
|
227.00 |
|
0.82 |
|
0.033 |
3.6 |
|
0.22 |
| DF-323 |
230.40 |
|
233.40 |
|
2.46 |
|
0.077 |
1.4 |
|
0.35 |
| DF-418 |
187.00 |
|
193.00 |
|
6.00 |
|
0.070 |
1.5 |
|
0.44 |
|
incl |
191.00 |
|
193.00 |
|
2.00 |
|
0.100 |
1.8 |
|
0.47 |
| DF-420 |
181.00 |
|
188.00 |
|
7.00 |
|
0.035 |
1.3 |
|
0.31 |
|
| *Previously released results |
Other Targets
Several holes are planned on the Northwest Extension to the North Zone. Previous interpretations based on widely-spaced drill holes had suggested uranium mineralization continues to the northwest, parallel to the Plateau Edge Structure (PES), east of the Road Fault. Drilling will focus on systematically stepping out to the northwest from known drill holes hosting uranium mineralization.
Limited work has been completed at Central Zone since the initial phase of drilling. Subsequent drilling has focused on the North Zone, which hosts higher grade uranium mineralization with strong silver credits close to a potential access point below the plateau. However, several holes are planned to test the potential for additional mineralization to the northeast, southeast and west of Central Zone. Similarly, drilling will follow-up on anomalous uranium and silver mineralization at the Bodi area immediately south of Central Zone.
This news release was prepared by Christopher J. Wild, P.Eng., Vice-President Exploration for Rockgate, a Qualified Person as defined by 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.
To see a map of the Falea project, please visit the following link: https://media3.marketwire.com/docs/rgt126i.pdf.
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.