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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 Resources Inc.: Drilling Commences at Sisu River Prospect and Mwamazengo Discovery Mabale Hills JV Gold Project, Tan

27/08/2008 2:28pm

Marketwired Canada


Currie Rose Resources Inc. (TSX VENTURE:CUI) is pleased to announce the
commencement of a new phase of drilling at the Mabale Hills project in central
Tanzania (see Mabale prospect map at http://currierose.com), that forms part of
the Lake Victoria Joint Venture with ASX-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.

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. and Managing Director
of Sub-Sahara Resources NL.


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