Currie Rose Resources Inc.

Published : August 27th, 2008

starts new phase of drilling at Mabale

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Keywords :   Gold | Tanzania |

 

Currie Rose starts new phase of drilling at Mabale

Currie Rose Resources Inc (C:CUI)
Shares Issued 47,404,782
Last Close 8/26/2008 $0.10
Wednesday August 27 2008 - News Release

Mr. Harold Smith reports

CURRIE ROSE RESOURCES INC.: DRILLING COMMENCES AT SISU RIVER PROSPECT AND MWAMAZENGO DISCOVERY MABALE HILLS JV GOLD PROJECT, TANZANIA

Currie Rose Resources Inc. has started a new phase of drilling at the Mabale Hills project in central Tanzania that forms part of the Lake Victoria joint venture with Australian Stock Exchange-listed Sub-Sahara Resources.

The drilling program will include approximately 900 metres of Cover-Bedrock interface (CBI) drilling and 1,050 metres of Rotary Air Blast (RAB) drilling at the Sisu Prospect. The Sisu River anomaly lies on strike with the +500,000 oz Iamgold Kitongo gold deposit and it is situated about 8km to the NE of the JV Mwamazengo Discovery. Mineralization at the Sisu Prospect appears to be associated with quartz veins that cross-cut strongly sheared quartz porphyry near the margin of a large granitic intrusion. The CBI drilling is expected to reveal details of the geology and structure of soil covered bedrock that is interpreted to consist of tightly folded banded ironstone formation (BIF) and granitic intrusions. The RAB drilling will test for gold mineralization associated with artisanal workings with coincident anomalous rock-chip samples.

In addition, a further 1200 metres of CBI drilling will be completed immediately to the West of the historical Mwamazengo discovery and the adjacent Simba Prospect. A program of Rotary Air Blast (RAB) and Reverse Circulation (RC) drilling at the Simba Prospect was successfully completed in June (see Press Release of June 25, 2008 at http://currierose.com/news/N080625.pdf), revealing 1-metre thick bands of low-grade gold mineralization (0.60 to 1.18 ppm). The CBI drilling will test favorable soil covered geological and structural settings, immediately West of Mwamazengo.

The Mabale Hills Project is situated within an Archean granite-greenstone belt that forms part of the Tanzanian Shield. The Mabale Hills are characterised by steeply dipping, tightly folded and highly deformed banded ironstone formations (BIF's) that are interstratified with acid volcanic rocks and metasedimentary rocks. Granitoids crop out to the west and east of the folded and sheared supracrustal rocks. Gold mineralisation has been identified in quartz veins and disseminated in BIF's and cherts. Exploration by the Company has generated a number of significant drill targets including the Mwamazengo Discovery and a significant gold anomaly at Sisu River.

The results of drilling will be announced over the coming weeks.

? 2008 Canjex Publishing Ltd.

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$ 892 533 as of today (US$ 713 627, € 625 137).

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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