Currie Rose Resources Inc.

Published : June 14th, 2007

Drills 31 m of 5.97 g/t Au in Tanzania

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Currie Rose drills 31 m of 5.97 g/t Au in Tanzania

Currie Rose Resources Inc (C:CUI)
Shares Issued 35,832,237
Last Close 6/13/2007 $0.35
Thursday June 14 2007 - News Release

Mr. Harold Smith reports

CURRIE ROSE RESOURCES INC.: DRILLING AT MABALE HILLS IN TANZANIA RETURNS ENCOURAGING

Currie Rose Resources Inc. has provided drilling results for Mabale Hills.

Results highlights:

  • MBND001 -- 31 metres grading 5.97 grams per tonne gold from 29 metres at Mwamazengo;
  • MBNR-D002 -- six metres grading 5.85 g/t gold from 105 metres at Mwamazengo;
  • MBNR024 -- six metres grading 3.77 g/t gold from 15 metres at Dhahabu.

Currie Rose Resources advises that exploration activity on the Mabale Hills project in Tanzania, Africa, which forms part of the Lake Victoria joint venture with Australian-listed Sub-Sahara Resources NL, has returned further significant gold intercepts, and drilling continues despite delays which have occurred due to ground and drilling conditions.

Exploration activity to date has focused on the Mwamazengo and the newly identified Dhahabu anomaly.

Mwamazengo

The initial discovery at Mwamazengo, using reverse circulation (RC) drilling, tested the zone to 100 metres vertical depth, on a 40-metre by 80-metre grid over a strike of 250 metres. The current program has extended the depth of mineralization to 120 metres with one hole (MBNR-006, results pending) testing the potential of the ore zone to 175 metres vertical depth. The Mwamazengo discovery has now been drilled on a 40 m by 40 m pattern and remains open at depth.

A total of 604.5 metres of diamond drilling has been completed in seven drill holes (MBND001 and MBNR-002 to MBNR-007). Very good results were returned from the first two holes. Drilling is continuing and further results will be released by the company once received.

Three reverse circulation drill holes have also been completed for a total of 303 metres (MBNR021 to MBNR023). The company released results of drill holes MBNR021 and MBNR022 on May 4, 2007, and both of these drill holes intersected significant gold intercepts. Drill hole MBNR023 has returned a weaker result but further confirms two zones of mineralization.

In addition, a total of 47 (MBNB134 to MBNB180) shallow rotary air blast (RAB) drill holes totalling 1,842 metres was completed in the area surrounding the Mwamazengo discovery. This drilling has returned a number of low-order geochemical responses that will require further activity.

A close-spaced ground magnetic geophysical survey has also been completed to assist in defining the structural controls on mineralization at Mwamazengo.

Dhahabu

The Dhahabu prospect covers an extension to the Mwamazengo discovery situated five kilometres to the south. Exploration activity at Dhahabu identified a coincident geophysical and geochemical anomaly, and a total of 780 metres of RC drilling has been completed in six holes (MBNR024 to MBNR030). The results have returned mixed results with only one drill hole (MBNR024) returning a significant intercept. Dhahabu will undergo further assessment prior to additional drilling but management is encouraged by this initial result as it confirms the potential of the prospect.

 
             MABALE HILLS -- SIGNIFICANT DRILL INTERCEPTS
 
           Easting    Northing   From    To   Interval    Gold
Hole ID        (mE)        (mN)    (m)   (m)        (m)   (g/t)    Prospect
 
MBND001     482175     9649865     29    60         31    5.97   Mwamazengo
                     including     29    39         10   10.52
MBNR-D002   482134     9649865     85    91          6    2.53   Mwamazengo
                           and    105   111          6    5.85
MBNR023    482,204   9,649,740     17    19          2    0.84   Mwamazengo
                           and     26    28          2    1.11
                           and     80    87          7    0.94
                     including     82    86          4    1.31
MBNR024    480,256   9,657,060      1     3          2    1.19      Dhahabu
                           and      9    15          6    3.77
                     including     13    14          1    17.5

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 on SEDAR.
  5. Samples are prepared and analyzed 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 and managing director of Sub-Sahara Resources NL.

© 2007 Canjex Publishing Ltd.

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 MABALE, NYAMIREMBE and TANZANIA 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
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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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