Currie Rose Resources Inc.

Published : March 26th, 2009

amends agreement with Sekenke JV in Tanzania

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Keywords :   Gold | Gold Mine | Gold Mines | K Street | Tanzania |

 

 

 

 

 

 CURRIE ROSE RESOURCES INC.

102-110B Hannover Drive

St. Catharines, Ontario L2W 1A4

Telephone: 905-688-9115

info@currierose.com

Investor Relations Office:

300-1055 West Hastings Street

Vancouver, B.C. V6E 2E9

604-662-4955

NEWS RELEASE

TRADING SYMBOL: CUI                                                                                                                                                                 March 26, 2009

 

 

The Company is pleased to announce it has amended the agreement with Sekenke Resources Ltd., signed April 3, 2006.

Currie Rose will have a further three years to complete an expenditure of $650,000 to earn a further 21% bringing Currie?s interest to 51%, and five years to complete a bankable feasibility study to bring Currie?s interest to 70%.

 

Currie will make payment of 250,000 shares of the Company on acceptance of the agreement and 250,000 shares on the next three anniversary dates of the agreement.

 

The Iramba-Sekenke Greenstone Belt hosts a number of colonial gold mines and has been explored by a number of companies (including Barrick Gold Corp.) during the past decade.

Recent exploration by Currie Rose identified a NW-SE trending structure within previously under-explored properties on the Iramba Plateau, a block of Archean basement that was uplifted during the East African rift event. The structure, about 1200 m by 800 m, is located 10 km east of the Sekenke gold mine (1909-1959: 4370 kg Au, average grades 15.4 g/t Au, 2.5 g/t Ag). The structure is defined as strongly sheared basic volcanic rocks that host numerous vertical quartz reefs. Rock-chip samples collected in 2008 by Currie Rose from auriferous quartz reefs have yielded assay values up to 3.3 g/t Au. Highly anomalous gold values returned by assays of stream sediment samples, collected from the local drainage system, further indicate the good potential for definition of a quartz reef-hosted gold deposit. In 2009, the Company plans to extensively explore the newly identified structure by means of trenching, ground geophysical surveys, and follow-up drilling of geologically and geophysically defined targets.

 

Over the past ten years Tanzania has developed into a very attractive exploration destination and companies such as Barrick Gold Corp. (excess of 24 million ounces of gold) and AngloGold-Ashanti (14.6 million ounces of gold) have acquired and developed world class gold mines. The management of Currie sees this acquisition as a key project to further develop the Company?s potential.

 

ON BEHALF OF THE BOARD OF DIRECTORS

?Harold Smith?

Harold Smith, President

 

The Qualified person for the release of this exploration information is Michael Griffiths, AusIMM, Director of Currie Rose Resources Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

 

 

 

 

 

 

 

 

 

 

Harold Smith

 

110-B Hannover Dr
Suite 102
St.Catharines, ON
L2W 1A4
Telephone: (905) 688-9115
Fax: (905) 688-5615
http://www.currierose.com

mailto:harold@currierose.com

 

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Data and Statistics for these countries : Tanzania | All
Gold and Silver Prices for these countries : Tanzania | All

Currie Rose Resources Inc.

EXPLORATION STAGE
CODE : CUI.V
ISIN : CA2319004081
CUSIP : 231900
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Currie Rose Res. is a silver and copper exploration company based in .

Currie Rose Res. holds various exploration projects in Canada and in Tanzania.

Its main exploration properties are LAONIL LAKE and SUDBURY CURRIE ROSE in Canada and JUBILEE REEF, MABALE and NYAMIREMBE in Tanzania.

Currie Rose Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its highest recent level on February 28, 1997 at CA$ 2.25, and its lowest recent point on July 20, 2017 at CA$ 0.01.

Currie Rose Res. has 35 701 313 shares outstanding.

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In the News and Medias of Currie Rose Resources Inc.
3/24/2006Information Memorandum
Financings of Currie Rose Resources Inc.
4/24/2013Non-Brokered Private Placement
11/8/2007Closes $1,668,800 brokered private placement by Bolder Inve...
Nominations of Currie Rose Resources Inc.
8/5/2008appoints Benn as VP exploration
Project news of Currie Rose Resources Inc.
2/3/2009(Mabale)Mabale exploration to focus on Mwamazengo
8/27/2008(Mabale) starts new phase of drilling at Mabale
6/25/2008(Mabale Hills)completes stage 1 drilling at Mabale Hills, Sizu River drill...
4/18/2008(Mabale Hills)DRILLING COMMENCES AT HIGH PRIORITY TARGETS MABALE HILLS GOL...
8/16/2007(Mabale)Begins drilling at Mabale Hills
7/26/2007(Mabale)Mwamazengo prospect in Tanzania continues to return good res...
6/14/2007(Mabale)Drills 31 m of 5.97 g/t Au in Tanzania
3/21/2007(Jubilee Reef)Identifies New Gold Target with JV Partner Barrick Gold
Corporate news of Currie Rose Resources Inc.
4/29/2013(Jubilee Reef)Liontown to Acquire 100% Ownership of Jubilee Reef Gold Proj...
4/18/2013Status of the South African Isibaya Acquisition, Amendment o...
1/31/2013Status of the South African Isibaya Aquisition
1/9/2013Status of the South African Isibaya Acquisition
12/11/2012(Tanzania)Significant Gold Intersection From Drilling at Jubilee Reef ...
11/7/2012Acquires Properties in South Africa
7/6/2011News Release July 5, 2011
7/5/2011(Mabale Hills)Completes First Three Holes at Mabale Hills Project
6/9/2011(Tanzania)Prepares for 10,000 Metre Drill Program in Tanzania
2/25/2009to fully acquire Lake Victoria properties
5/2/2007(CUI-TSXV) drills 15 m of 4.7 g/t Au at Mwamazengo
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