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Message: Rockgate Granted Additional Properties at Falea Project, Mali
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 7, 2011) -
Rockgate Capital Corp. (TSX:RGT) (the "Company") is pleased to announce the receipt of the 30 year Mining Conventions for the Bala and Madini properties at the Falea project in southwest Mali. The Bala claim borders the Falea property to the south and the Madini claim borders the Falea property to the east. Collectively the additional properties increase the overall Falea project land package to approximately 225 square kilometres. Rockgate expects to receive exploration permits for the additional claims in due course.
Rockgate president Karl Kottmeier commented, "We are pleased to have received the conventions for the Bala and Madini properties. Exploration at Falea has already indicated a global resource of over twenty-seven million pounds of uranium and forty million ounces of silver while infill and step-out drilling continues to add to this resource. The two additional properties flank the core Falea license to the east and to the south and add an additional 150 square kilometres to the Uranium-Silver-Copper project area. Both Madini and Bala are prospective for uranium, silver and copper and the Madini property may also be prospective for gold. We feel that these additional licenses dramatically increase the potential for the Company to grow its already substantial uranium and silver resource numbers and we are looking forward to commencing exploration of these properties. We appreciate the support and encouragement of the Malian government and we are looking forward to working together to advance the Falea project through the successful completion of the current Scoping Study and beyond."
The Government of Mali has also issued to Rockgate a 30 year Mining Convention for the Balandougou Sud property which is proximal to the Company's Manalo and Mansaya holdings.
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.
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