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 21, 2007
DRILL
RESULTS IDENTIFY A NEW GOLD TARGET AT THE JUBILEE REEF PROJECT, TANZANIA
Currie is pleased to announce the
results of a 17 hole “scout” Reverse Circulation (RC) drilling
programme completed by Barrick last quarter.
The drilling successfully tested a number of VTEM geophysical anomalies and
historic geochemical anomalies.
Highlights
JBRRC002 –
20 metres grading 0.94g/t gold from 175 metres and including
4
metres grading 3.94g/t gold from 181 metres,
JBRRC007
–
7 meters grading 2.9g/t gold from surface and including
2
metres grading 7.8 g/t gold from 5 metres and
22 metres grading
1.35 g/t gold from 121 metres
Two holes (JBRRC007 and JRRC008)
were drilled at the Panapendeza prospect confirming previous Rotary Air Blast
(RAB) drilling whilst drilling at the Tembo prospect (JBRRC002-JBRRC004)
identified broad low grade gold mineralisation highlighted by an intercept of 4
metres grading 3.94 g/t gold (Table 1). A map showing the prospect locations
can be viewed at www.currierose.com
The Jubilee Reef Project is located
the Siga Hills region of the Lake Victoria Gold Field in Tanzania. The Project area is the
host for the first gold mine (1898) in Tanzania known as the Augusta
Victoria and lies approximately 35km south of the Barrick owned Bulyanhulu Gold
Mine.
Table 1: Jubilee Reef –
Significant Reverse Circulation Drill Results
Jubilee Reef
|
Hole ID.
|
COORDINATES
|
ASSAY RESULTS
|
Prospect
|
Easting.
|
Northing.
|
From
(m).
|
To
(m).
|
Width
(m).
|
Grade
(g/t).
|
Tembo
|
JBRRC001
|
443996
|
9612721
|
49
|
59
|
10
|
0.38
|
|
|
|
including
|
54
|
57
|
3
|
0.81
|
Tembo
|
JBRRC002
|
444197
|
9612743
|
175
|
196
|
20
|
0.94
|
|
|
|
including
|
181
|
185
|
4
|
3.94
|
Panapendeza
|
JBRRC007
|
441187
|
9607804
|
0
|
7
|
7
|
2.9
|
|
|
|
including
|
5
|
7
|
2
|
7.8
|
|
|
|
|
121
|
143
|
22
|
1.35
|
|
|
|
including
|
123
|
131
|
8
|
2.52
|
Panapendeza
|
JBRRC008
|
441387
|
9607936
|
28
|
29
|
1
|
0.53
|
Sungura
|
JBRRC013
|
444642
|
9610570
|
157
|
158
|
1
|
1.04
|
Previous Exploration by Sub-Sahara
Resources NL identified 6 prospective targets at Jubilee Reef. In all cases,
successful geochemistry techniques have been followed by Rotary Air Blast (RAB)
drilling and the recent Barrick initiative has confirmed 3 of these areas with
co-incident airborne geophysics and RC drilling.
Historic peak RAB drilling
intercepts include:
I.
19 metres grading 3.96g/t gold from
26 metres at Panapendeza
II.
28 metres grading 2.94 g/t gold from surface at
Shangaza
III.
12 metres grading 1.43 g/t gold from 16 metres at
Masabi &
IV.
8 metres grading 1.33 g/t gold from 14 metres at
Sungura.
Management remains
confident that the Jubilee Project has the potential to host significant gold
resources and look forward to further exploration activity by Barrick at the
conclusion of the wet season.
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 Chief Executive Officer/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.