VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2008) - Rockgate Capital Corp. (TSX VENTURE:RGT) (the "Company") is pleased to report ICP-MS results from twelve exploration diamond drill holes from the Falea Uranium-Silver Project, Mali. The holes tested the potential for western extensions to the Central Zone. The program successfully located significant concentrations of both uranium and copper, extending the Central Zone 300 metres to the west. Significant U3O8 drill results are listed in Table # 1. All assay results are posted in Table # 2.
Table # 1 - Significant Drilling Results Hole From To Width U3O8 Ag Cu Name (m) (m) (m) (%) (g/tonne) (%) DF-082 275.20 279.40 4.20 0.08 2.00 0.05 including 275.20 276.00 0.80 0.18 2.80 0.02 DF-083 293.00 296.20 3.20 0.20 25.20 1.27 DF-087 301.70 302.50 0.70 0.06 11.70 0.44 DF-100 359.00 359.50 0.50 0.05 7.00 1.21 DF-114 372.00 374.00 2.00 0.13 6.50 0.21
The Central Zone is situated approximately 1.5 kilometres south of the North Zone in the same structural corridor that hosts the North Zone and Bodi Area mineralization. The Central and North Zones trend north-west with strike lengths of over 1100 and 1700 metres respectively. Both remain open in at least two directions. Assay results for 39 holes are still pending with the majority located in the North Zone discovery area.
The west flank of the Central Zone is transected by the north-trending Road Fault which also cross-cuts the centre of the North Zone. Diamond drill hole DF-089 is the first hole to test the Central Zone west of the Road Fault. Based on these results more diamond drilling is required west of the Road Fault in the Central Zone Area.
The Management Committee of the Falea joint venture, comprised of Mr. Lorne Warner, P. Geo of Rockgate and Mr. Chris Wild, P. Geo. of Delta Exploration has recommended a Fall 2008 drill program of approximately 6,250 metres in 26 diamond drill holes to test within the current limits of the North Zone to define the high grade uranium-silver core of the zone at 100 metre spacing along 100 metre sections. The results from these holes will provide additional data to Golder Associates for their NI 43-101 Report.
Rockgate has accepted the recommendation and is mobilizing staff and drill crews to re-commence drilling in October 2008. Karl Kottmeier, Rockgate's President commented, "The developing resource at the Falea project is compelling and we are anxious to restart drilling as soon as possible. The rainy season has been particularly intense this year and we are pleased with our decision to suspend drilling until now. We have used the time to pursue advanced geological modeling of the 3 mineralized zones discovered so far at Falea. As well, we have undertaken a detailed study of the North Zone to help determine the controls to the uranium and silver mineralization in the Kania sandstones."
Table # 2 - Assay Results for all Holes Hole From To Width U3O8 Ag Cu Name (m) (m) (m) (%) (g/tonne) (%) DF-072 280.40 281.00 0.60 0.02 46.10 1.78 DF-074 275.00 278.00 3.00 0.01 9.50 0.67 DF-076 NSV DF-078 NSV DF-080 NSV DF-082 275.20 279.40 4.20 0.08 2.00 0.05 Including 275.20 276.00 0.80 0.18 2.80 0.02 DF-083 293.00 296.20 3.20 0.20 25.20 1.27 DF-085 NSV DF-087 301.70 302.50 0.70 0.06 11.70 0.44 DF-089 374.50 375.80 1.30 0.06 4.40 0.07 DF-093 NSV DF-096 NSV DF-100 359.00 359.50 0.50 0.051 7.00 1.21 DF-104 345.00 347.70 0.70 0.034 4.50 0.23 DF-106 351.30 352.30 1.00 0.02 0.80 0.34 DF-109 NSV DF-112 365.30 366.30 1.00 0.024 0.50 0.04 DF-114 372.00 374.00 2.00 0.134 6.50 0.21 DF-117 NSV DF-120 380.10 380.60 0.50 0.034 91.1 1.21 Intercept widths are estimated to be true width. NSV - No significant values. Hole DF-102 was abandoned before reaching target depth.
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-Silver-Copper property from Delta Exploration Inc and is the operator of the project. Rockgate has now completed over 40,000 metres in 149 diamond drill holes on the property, most recently testing the east flank of the North Zone.
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 are sawed in half and sent to ALS-Bamako for sample preparation and the 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.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rockgate Capital Corp.
(604) 689-7442 (FAX)