Rockgate Updates Mineral Resource Estimate for Falea Uranium-Silver-Copper Project, Mali
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/12 -- Rockgate Capital Corp. (TSX: RGT) (the "Company" or "Rockgate") announces results of the NI 43-101 Technical Report that comprises an independent review of the Mineral Resources as of January 12th, 2012 at the Falea Uranium-Silver-Copper Project. Falea is an exploration project comprising three permits totalling 267 square kilometres located in western Mali, West Africa. The Falea Project is 100%-owned by Rockgate.
The Mineral Resource estimate was prepared by Minxcon (Pty) Ltd ("Minxcon") of Johannesburg, South Africa, according to the definitions stated in the Standards of Disclosure for Mineral Projects, as defined by the Canadian Institute of Mining ("CIM"). The Technical Report, prepared in accordance with NI 43-101 will be filed on SEDAR () within 45 days. Ms. Heather L. King, Pri. Sci. Nat., Mineral Resource Manager for Minxcon, and Mr. J Mamphey, AusIMM, Mineral Resource Manager for Minxcon, are the Qualified Persons as defined in NI 43-101.
At January 12, 2012, total Measured and Indicated Resources ("M & I") were 18.652 million pounds of U3O8, 17.553 million ounces of silver, and 36.498 million pounds of copper contained in 8.005 million tonnes grading 0.11% U3O8, 68 g/t silver, and 0.207% copper (Table 1). An additional 7.086 million pounds of U3O8, 5.064 million ounces of silver, and 15.620 million pounds of copper contained in 3.132 million tonnes grading 0.10% U3O8, 50 g/t silver, and 0.226% copper are classified as Inferred Resources (Table 2). The lower cut-off grade is 0.04% U3O8, which was determined using current uranium, silver, and copper commodity prices, as well as proposed operating costs, mining factors, and forecasts.
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. Please refer to the Technical Report for further information regarding the Mineral Resource estimate contained herein, a full description of the key assumptions, parameters, and methods used to estimate the aforementioned Mineral Resources, and a general discussion of the extent to which this Mineral Resource estimate may be materially affected by any unknown environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.
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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)
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Datum: 16.01.2012 - 21:00 Uhr
Sprache: Deutsch
News-ID 104442
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