Currie Rose Resources Inc.

Published : February 03rd, 2009

Mabale exploration to focus on Mwamazengo

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Keywords :   Depression | Diamond | Gold | Gold Mine | Iron | Tanzania |

 

Currie Rose's Mabale exploration to focus on Mwamazengo

Currie Rose Resources Inc (C:CUI)
Shares Issued 48,238,115
Last Close 2/2/2009 $0.06
Tuesday February 03 2009 - News Release

Mr. Harold Smith reports

CURRIE ROSE RESOURCES INC.: SIGNIFICANT STRUCTURES IDENTIFIED, MABALE HILLS AND SEKENKE JV GOLD PROJECTS, TANZANIA

Currie Rose Resources Inc. has identified significant structures on two joint venture gold properties in Tanzania. Currie Rose Resources is the managing partner of both of the joint ventures.

LAKE VICTORIA JV

The Mabale Hills project in central Tanzania (see Mabale prospect map at http://www.currierose.com) forms part of the Lake Victoria Joint Venture (LVJV) with ASX-listed Sub-Sahara Resources. Interpretations of geological, aeromagnetic, radiometric and induced polarization (IP) geophysical data have led to a refined interpretation of the geology and structures in the Mabale Hills Project that should allow for the expansion of the Mwamazengo Discovery and other prospects.

The new interpretation indicates that the Mwamazengo Discovery is located on the axial surface trace of a regional upright fold where it is strongly deflected and tightened in proximity to a major shear zone. Shear deformation and brecciation is common in the core of the fold. IP data show that mineralization is associated with rock units that have moderate to high chargeabilities, indicating disseminated sulfides hosted in sheared BIF (banded iron formation) and sheared leucogranite. Previous results of Rotary Air Blast (RAB), Reverse Circulation (RC) and Diamond drilling programs in the now-recognized fold at the Mwamazengo Discovery, include MBNR001: 34m @ 3.60 g/t; MBNR007: 12m @ 9.11 g/t; MBNR015: 63m @ 2.59 g/t; MBND001: 31m @ 5.97 g/t. The new structural interpretation predicts that the drilling sampled the margins of a potential deposit that would be located along strike of the fold. Exploration in 2009 will target that extension of the Mwamazengo Discovery with the goal of defining a large tonnage deposit.

The Mabale Hills project is hosted in a similar part of the Upper Archean stratigraphy to the 14.6 Moz Geita Gold Mine (situated approximately 80 km to the west of Mabale Hills), the 0.5 Moz Kitongo deposit (10 km to the north of Mabale Hills), and the 2.2 Moz Golden Ridge deposit (30 km SSW of Mabale Hills).

SEKENKE JV

The Iramba Plateau project is part of the Sekenke Joint Venture (SJV; see Sekenke prospect map at http://www.currierose.com) with Sekenke Resources Ltd. of Dar es Salaam. The Iramba Plateau is a horst (uplifted block of crust) within the East African rift system. The geology of the Iramba Plateau consists of Late Archean basalts, metasedimentary rocks, schists derived from acid volcanic rocks, BIF and granites. The SJV has identified a 12,000 m X 800 m highly prospective structure of sheared metabasalts that hosts numerous quartz reefs. Assay results from rock chip samples indicate significant Au anomalies in the quartz reefs.

The Kirondatal Mine (1934-1950; average grade 8.9 g/t Au) is situated in a similar structure on the Iramba Plateau. The Sekenke Mine, the oldest and longest producing gold mine in Tanzania (1909-1959; average grade 15.4 g/t Au) is also hosted in sheared metabasites within the down-dropped rocks of the Wembere Depression, a graben (down-dropped block of crust) adjacent to the Iramba Plateau.

In 2009, the LVJV will focus exploration efforts on the newly identified Mwamazengo structure with the goal of defining a large tonnage deposit, mineable using open pit methods. The SJV will focus its exploration efforts on the Iramba Plateau structure with the goal of defining a new high-grade discovery in steeply dipping packages of quartz reefs, with the potential for exploitation by open pit methods.

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.

? 2009 Canjex Publishing Ltd.

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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$ 714 026 as of today (US$ 570 901, € 500 110).

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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