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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Currie Rose Resources Inc | TSXV:CUI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.055 | 0.05 | 0.065 | 0 | 01:00:00 |
Harold Smith reports that drilling will commence on October 23, 2010 on the Company's 100% owned Sisu River property in Tanzania. The Mabale Hills project consists of five licenses and one application covering 261 square km and includes the Sisu River, Mwamazengo and Dhahabu properties.
The first phase program will consist of 3000 meters RC drilling, with an immediate 3000 meter follow-up program based on results.
In the fall of 2009 it was discovered that approximately 50 Artisanal miners were digging pits and mining on the Sisu River property. The Company's geologist collected random samples from the pits and sent them in for assay.
The spring rains of 2010 flooded the pits and the miners have left the property.
A total of 13 samples were collected from insitu material consisting of sheared/silicified quartz porphyry with minor pyrite and arsenopyrite accessory minerals. The sample area contains numerous artisanal pits, covering an area of approximately 150m x 30m with colluvial overburden approximately two to three meters deep.
Table 1: Significant gold intercepts 1g/t gold at Sisu River Property.
------------------------------------------------------------ Sample Number Easting (UTM) Northing (UTM) Gold(g/t) ------------------------------------------------------------ SS-X-09-001 488809 9655276 2.05 ------------------------------------------------------------ SS-X-09-002 488809 9655276 0.47 ------------------------------------------------------------ SS-X-09-003 488808 9655256 89.20 ------------------------------------------------------------ SS-X-09-004 488808 9655256 40.70 ------------------------------------------------------------ SS-X-09-005 488781 9655354 9.44 ------------------------------------------------------------ SS-X-09-006 488781 9655354 1.49 ------------------------------------------------------------ SS-X-09-007 488802 9655384 1.87 ------------------------------------------------------------ SS-X-09-008 488789 9655408 0.06 ------------------------------------------------------------ SS-X-09-009 488791 9655278 23.00 ------------------------------------------------------------ SS-X-09-010 488792 9655290 4.47 ------------------------------------------------------------ SS-X-09-011 488792 9655290 4.13 ------------------------------------------------------------ SS-X-09-012 488792 9655290 3.96 ------------------------------------------------------------ SS-X-09-013 488802 9655260 21.30 ------------------------------------------------------------
Of the thirteen samples collected, six returned better than 5 g/t gold with a high of 89.2 g/t whilst a further five samples returned grades between 1-5 g/t gold. Only two samples returned values below 1g/t gold.
The Sisu River prospect is approximately two kilometres from and within the same geological structure as the Mwamazengo discovery.
ON BEHALF OF THE BOARD OF DIRECTORS
Harold Smith, President
The Qualified person for the release of this exploration information is Michael Griffiths MAusIMM, Director of Currie Rose Resources Inc.
Notes:
1. All Assay values are uncut 2. A Quality Assurance/Quality Control program is part of the 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 drilling. 3. 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 at www.sedar.com. 4. Samples are prepared at ALS Chemex - Mwanza, Tanzania and analysed and analysed at ALS Chemex Johannesburg South Africa.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Currie Rose Resources Inc. Harold Smith President 905-688-9115 info@currierose.com www.currierose.com
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