Currie Rose Mabale Hills and Sekenke Update-Tanzania
26 October 2011 - 4:15AM
Marketwired Canada
Currie Rose Resources Inc. (TSX VENTURE:CUI)(PINK SHEETS:CUIRF) ("Currie" or
"the Company") is pleased to provide an update on the Company's drilling
activities at the Mabale Hills and Sekenke Projects situated in the Lake
Victoria greenstone belt of Tanzania, East Africa.
Mabale Hills Project
Currie Rose has completed an extensive drilling program designed to follow up on
encouraging results from previous work at Sisu River and Dhahabu.
The first part of the program involved 1,923 metres of Reverse Circulation (RC)
drilling in 16 holes at Sisu River. While disseminated sulphides were
intersected in each hole, assay results returned only narrow gold intercepts.
The Sisu River anomaly was extended but the gold grade did not improve.
Significant intercepts are shown in the table below.
Table 1: Sisu River Significant Intercepts:
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Hole Easting Northing From To Interval Gold
Number (UTM) (UTM) (m) (m) (m) (g/t)
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MBMR027 488553 9655298 128 130 2 2.68
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MBMR028 488530 9655264 53 53 3 1.11
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MBMR029 488508 9655224 108 109 1 1.05
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MBMR034 488742 9655628 47 48 1 1.05
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MBMR037 488762 9655600 73 74 1 1.30
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MBMR037 488762 9655600 87 88 1 1.44
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MBMR040 488584 9655276 23 24 1 1.06
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MBMR041 488520 9655319 18 19 1 1.01
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MBMR041 488520 9655319 127 128 1 1.36
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Note:
1. Drill intercept lengths are down-hole lengths reflecting apparent widths
of mineralization.
2. The calculation of drill intercepts employs a 0.5 g/t gold cut-off with
1m of internal dilution and no cutting grade has been applied to high
gold values.
3. All intercepts fall within Currie's Mwamazengo claim block. A location
map can be found on the Company's website, www.currierose.com.
At Dhahabu, 1.5 kilometers northwest of Sisu River, 4 RC holes (556 m) were
drilled based on earlier drilling and an IP (Induced Polarization) ground based
geophysical survey. No significant results were returned and the Company will
review all data from Dhahabu prior to any additional drilling at this prospect.
A Rotary Air Blast (RAB) drilling program totalling 1,989 metres from 69 holes
has also been completed over the wider Sisu River area where a number of
abandoned surface workings, soil anomalies and interpreted Landsat alteration
anomalies indicate potential gold mineralization. Assay results from this
drilling are still pending.
Sekenke Project
At Sekenke, a target area was defined by soil sampling with coincident Landsat
alteration interpretation and geological mapping. Rotary Air Blast (RAB)
drilling totalling 2,396 metres has been completed and results are pending.
Additional information and public documents about Currie, can be viewed at the
Company's website www.currierose.com or at www.sedar.com.
BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.
Harold Smith, President
The planning, execution and monitoring of quality control programs are under the
supervision of Michael Griffiths, BSc Dip Ed, FAusIMM, GAICD, Currie's Director.
Mr. Griffiths is the qualified persons as defined by National Instrument 43-101.
Currie utilizes an industry standard QA/QC protocol with respect to sampling
procedures. Blanks, and certified reference standards are inserted into the
sample stream to monitor laboratory performance and duplicates of pulps and bulk
rejects are also used to monitor laboratory performance.
"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."
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