Currie Rose Resources Inc.: Corporate Update

Currie Rose Resources Inc. (TSX VENTURE: CUI) - 

The Company is pleased to report that the purchase of the Lake Victoria Joint
Venture has been completed. The Company's land holdings in Tanzania now consist
of a 100-per-cent interest in Mabale and Nyamirembe, 100-per-cent interest in
Jubilee Reef (joint venture with Barrick Gold) and the Sekenke joint venture in
which the company has earned 30-per-cent interest, with the right to earn up to
a 70-per-cent interest.


Ground Geophysics and Drilling Planned for Mabale Hills and Sekenke JV Gold
Projects, Tanzania


The Company is preparing to undertake new Induced Polarization (IP) surveys and
follow-up drilling on its two principal gold projects in the Lake Victoria
Goldfields, Tanzania, the Mabale Hills Project and the Sekenke JV. The
geophysical surveys and drilling are intended to explore recently identified
structures that have the potential to host gold deposits.


Mabale Hills Project

The Mabale Hills Project corresponds to the former Lake Victoria JV (see map at
http://currierose.com/properties/tanzania/mabale_prospect_map.php) that involved
Currie Rose Resources Inc. and Sub-Sahara Resources NL. On April 30, 2009 Currie
Rose exercised its First Offer Right and obtained 100% ownership of the Lake
Victoria JV properties. The Mabale Hills Project is hosted in a similar part of
the Upper Archean stratigrapy to the 14.6 Moz Geita Gold Mine (80 km to the
West), the 0.5 Moz Kitongo deposit (10 km to the North), and the 2.2 Moz Golden
Ridge deposit (30 km to the South-southwest). The prospective rocks are cherty
banded iron formation (BIF) that are deformed into upright folds and that are
intruded by granite plutons. New work on the Mabale Hills Project is scheduled
to begin in mid-July. The main exploration target is situated along the axial
surface trace of the same regional-scale fold that hosts the Mwamazengo
Discovery (see slide 7 in the February 3, 2009 presentation, here:
http://currierose.com/news/Gold_Tz-01-02-09-_web_kb.pdf). Gradient and
pole-dipole IP surveys are planned (total 120 line-km) to explore the potential
extension of the gold mineralization that was defined by previous drilling at
the Mwamazengo Discovery in 2007 and 2008, in order to identify new targets for
drilling. Notable high-grade intercepts at Mwamazengo included 34 m grading 3.60
g/t Au; 12 m grading 9.11 g/t Au; 63 m grading 2.59 g/t Au; and 31 m grading
5.97 g/t Au. The Company plans 5000 m of Reverse Circulation (RC) drilling,
beginning in August, to test the targets that will be identified by the IP
surveys of the potential extension of the Mwamazengo Discovery.


At the Dhahabu Prospect, also part of the Mabale Hills Project, previous Rotary
Air Blast (RAB) and RC drilling in 2007 and 2008 returned a promising
intersection of 6 m grading 3.77 g/t Au, including 1 m grading 17.5 g/t Au.
Recent inversion modelling of IP data for the Dhahabu Prospect shows that the
drilling intersection sampled the margin of a high chargeability body that will
be the target of 2000 m of RC drilling, in August, 2009.


BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.

Harold Smith, President

Currie Rose Resources (TSXV:CUI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024