Currie Rose Resources Inc.

Published : June 25th, 2008

completes stage 1 drilling at Mabale Hills, Sizu River drilling to commence shortly.

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Keywords :   Diamond | Gold | 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.V                                                                                                                                                                                                                            June 25, 2008

 

Stage 1 Drilling completed at Mabale Hills JV in Tanzania

 

Currie Rose Resources Inc. is pleased to announce that Stage 1 drilling at the Mabale Hills Project that forms part of the Lake Victoria Joint Venture with ASX listed Sub-Sahara Resources NL has concluded. (See map on website, www.currierose.com )

 

Two prospect areas known as Simba and Dhahabu were drilled.

 

At the Simba target, coincident geochemical/geophysical targets were tested. Forty six Rotary Air Blast (RAB) drill holes totalling 2,267m were completed returning anomalous gold results as tabled below (Table 1).  In addition, 5 Reverse Circulation (RC) drill holes totalling 738m were also completed, returning continuous bands of low grade gold mineralisation with a peak value of 1.10g/t gold over 1 metre from 82m. No further activity is planned for Simba at this time.

 

At Dhahabu, where previous drilling identified significant gold mineralisation, including 5m @ 4.40g/t gold from 9m, three RC drill holes were completed for 450m. These drill holes targeted a strong (partially complete) Induced Polarization (IP)/Resistivity geophysical anomaly located approximately 100m west of the known gold mineralisation.

 

Whilst significant gold values were returned by this drilling, strong sulfide mineralisation was intersected and its location close to the known gold mineralisation is a very encouraging indicator, commonly associated with gold mineralisation in the Lake Victoria Greenstone belt.

 

Activity will now centre on defining the known gold mineralisation at Dhahabu by infill trenching the current 80metre spaced trenches, expanding the Induced Polarization (IP)/Resistivity geophysical survey and conducting a closed spaced (10metre apart) ground magnetic survey as a precursor to further planned drilling (Stage 2). This Stage 2 drilling may be partly Diamond drilling due to previously encountered terrain access issues.

 

 In addition, the Joint Venture expects to have a structural specialist review the existing data to assist in exploration planning.

 

The work to date at both Simba and Dhahabu has been a technical success, and there are still a number of high order targets to process with systematic exploration.

 

A program of Cover-Bedrock Interface (CBI) drilling is in preparation and will commence shortly at the Sizu River prospect, situated approximately 8km north east of the Mwamazengo Prospect.

 

Table 1: Significant gold intercepts >0.5g/t gold at Simba Prospect area.

 

Hole

Easting

Northing

Sample Number

From (m)

To (m)

Interval (m)

Au (ppm)

MBNB192

483040

9650340

117890

8

9

1

1.18

117891

9

10

1

0.76

MBNB193

483060

9650340

117886

12

13

1

0.57

117887

13

14

1

0.61

MBNB199

483244

9650340

117913

42

43

1

0.76

117914

43

44

1

0.81

117915

44

45

1

0.90

117916

45

46

1

0.58

MBNB200

483269

9650336

117926

15

16

1

1.03

117927

16

17

1

1.16

MBNR055

483115

9650639

118411

82

83

1

1.10

 

 

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 MAusIMM, Director of Currie Rose Resources Inc. and Managing Director of Sub-Sahara Resources NL.

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

 

About Lake Victoria Joint Venture

The Lake Victoria Joint Venture with Australian listed Sub-Sahara Resources NL (ASX-SBS) covers two project areas, Mabale Hills and Nyamirembe. Currie has earned a 40% interest in the project areas and can increase its interest in these licences to 70% by completing a bankable Feasibility Study on either of the projects. The Mabale Hills project consists of five licenses and one application covering 261 square km and the Mwamazengo discovery falls within the license package.

 

Notes:

1.       All Assay values are uncut

 

2.      As there is insufficient data to calculated true widths, drill intercept lengths only are reported.

 

3.       A Quality Assurance/Quality Control program is part of the drilling program on the Mabale Hills Project. This program includes chain of custody protocol as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the drilling.

 

4.       A description of the geology, sampling procedures, and the Company's laboratory Quality Assurance / Quality Control procedures are as described in the Company's National Instrument 43-101 Technical Report filed on March 21, 2005. This report is available at www.sedar.com.

 

5.       Samples are prepared and analysed at Humac Laboratories ? Mwanza, Tanzania

 

6.       The Qualified Person for the release of this exploration information is Michael Griffiths AusIMM, Director of Currie Rose Resources Inc. and Managing Director of Sub-Sahara Resources NL

 

 

 

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, € 1.6 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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