UPDATE: Rockgate Increases Mineral Resources at Falea Uranium-Silver-Copper Project; Stocks Still Negative

By Midnight Trader,  December 04, 2012, 02:58:16 PM EDT

Rockgate Capital Corp. (RGT.TO) announced updated mineral resource estimates for the Falea Uranium-Silver-Copper Project located in Mali, West Africa.

The new MRE reflects the addition of 396 drill holes completed in late 2011 and the first half of 2012 to the January 2012 MRE.

The company reported a 48% increase in measured and indicated pounds of U3O8 to 29.58 million pounds, 43% increase in measured and indicated ounces of silver to 27.94 million ounces, and 70% increase in measured and indicated pounds of copper to 74.22 million pounds.

RGT is now down by 6% to 46 cents, hitting day lows. Over 14,000 RGT shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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