ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

CUI Currie Rose Resources Inc

0.055
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Currie Rose Intersects Sulphide Mineralization in 20 Holes at Mabale Hills

24/08/2011 4:25pm

Marketwired Canada


Mr. Harold Smith reports:

Currie Rose Resources (TSX VENTURE:CUI)(PINK SHEETS:CUIRF) is pleased to report
that disseminated sulphide mineralization has been observed in each hole drilled
to date at the Sisu River and Dhahabu gold properties that form part of the
company's Mabale Hills Project in the prolific Archean Lake Victoria Greenstone
Belt of northwest Tanzania. Meanwhile, a drill rig has been mobilized to the
Sekenke Property approximately 200 kilometres to the southwest of Mabale Hills
as Currie Rose's 10,000-metre summer drill program continues.


Sisu River

Results are pending for 16 reverse circulation (RC) holes (1,934 metres)
completed in a Phase 2 program at Sisu River, a target that consists of quartz
veins in a north-south structure hosted within a sheared porphyry situated near
intrusive granite. This phase of drilling tested depth extensions to the
mineralization discovered last winter as well as potential extensions of the
known trend. Unlike Phase 1, disseminated sulphide mineralization was observed
in all holes in Phase 2.


Dhahabu

The Dhahabu Property, approximately 1.5 kilometres northwest of Sisu River, sits
on a NNW-SSE trending chert ridge in a package of banded iron formation (BIF)
interbedded with minor amounts of mudstone that underlie the ridge. Four holes
targeted an IP anomaly (coincidental high chargeability and resistivity which
potentially could be the result of silicification and sulphidation) south of the
known near-surface gold mineralization discovered by Currie Rose in a
first-stage drill program four years ago. Each of the four RC holes, totaling
556 metres, encountered disseminated sulphide mineralization and assays are
pending.


Mwamazengo

Drilling has not yet commenced at Mwamazengo, 6 km southwest of Sisu River,
where previous drill holes have returned values of 3.7 g/t Au over 32 metres,
9.11 g/t Au over 12 metres, 2.75 g/t Au over 59 metres and 5.97 g/t Au over 33
metres. Mineralization is hosted within NNW-SSE striking, steeply west-dipping
zones that remain open at depth. In addition, a continuous gold anomaly has been
identified to the west of the previously drilled area and this parallel zone
will be tested during this summer's campaign.


Sekenke Project

Drilling will commence shortly at Sekenke, a large land package that surrounds
and runs in between two past producing gold mines. Extensive soil sampling,
mapping, geophysics and surface sampling have enabled Currie Rose's geologists
to pinpoint numerous highly prospective specific drill targets at Sekenke. These
targets include quartz reefs of the same type and even larger than those that
developed at the nearby historic Sekenke and Kirondatal mines and are located
within a shear zone along a promising 12 km x 800-metre structure.


"We've been looking forward to drilling Sekenke for quite some time now," stated
Mr. Harold Smith, Currie Rose President and CEO. "We have done our homework on
this property and we are extremely excited about its prospects. With what seems
like a good start at Mabale Hills, and drilling set to begin at Sekenke, our
busiest summer ever in Tanzania is gaining momentum."


Jubilee Reef

Liontown Resources has commenced drilling on the Jubilee Reef Property. Currie
Rose's joint venture agreement with Liontown allows the Australian-based company
to earn as much as a 75-per-cent interest in the project. Previous exploration
including soil sampling and shallow drilling has defined several gold anomalies
at Jubilee Reef that are open along strike and effectively untested at depth.


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

Harold Smith, President

The technical information in this News Release has been reviewed and approved by
Michael Griffiths MAusIMM, a qualified person as defined by National Instrument
No. 43-101, and a Director of Currie Rose Resources Inc. and Executive Director
of Chalice Gold Mines Limited.


"This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the and properties and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation."


1 Year Currie Rose Resources Chart

1 Year Currie Rose Resources Chart

1 Month Currie Rose Resources Chart

1 Month Currie Rose Resources Chart

Your Recent History

Delayed Upgrade Clock