Currie Rose begins drilling at Mable Hills project
Currie Rose Resources Inc (C:CUI)
Shares Issued 47,404,782
Last Close
4/17/2008 $0.18
Friday April 18 2008 - News Release
Mr. Harold Smith reports
CURRIE ROSE RESOURCES INC.: DRILLING COMMENCES AT HIGH PRIORITY TARGETS
MABALE HILLS GOLD PROJECT, TANZANIA
Currie Rose Resources Inc.'s drilling has commenced at the Mabale Hills
project in central Tanzania.
The drilling program is expected to consist of approximately 5,000 metres of
rotary air blast (RAB) drilling and if successful, 4,000 metres of reverse
circulation (RC) drilling at the Simba, Dhahabu and Sizu prospects. (See Mabale
Hills location map at the company's website.)
The project is characterized by steeply dipping, highly deformed banded
ironstone formations (BIFs) surrounded by acid volcanics, with granitoids to the
west and east. Gold mineralization has been identified in quartz veins and
disseminated in BIFs and cherts. Exploration by the company has generated a
number of significant drill targets including the previous success at the
Mwamazengo discovery, the Sisu River anomaly that lies on strike with the
plus-500,000-ounce Iamgold Kitongo gold discovery and the Dhahabu prospect
situated approximately seven kilometres north of Mwamazengo.
The program will drill test a number of anomalies that have coincident
geophysical, geochemical and geological signatures. The Simba prospect is only
700 metres northeast of the Mwamazengo and it lies on a fold closure and is a
high-priority target that if successful will add further scope to the known
mineralization at Dhahabu and Mwamazengo.
The drilling results will be announced over the coming weeks.
The qualified person for the release of this exploration information is
Michael Griffiths, MAusIMM, director of Currie Rose Resources, and managing
director of Sub-Sahara Resources NL.
© 2008 CANJEX PUBLISHING LTD.
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Currie Rose Resources Inc.
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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. |