Currie Rose Prepares for 10,000 Metre Drill Program in Tanzania
June 09 2011 - 10:20AM
Marketwired
Currie Rose (TSX VENTURE: CUI)(PINK SHEETS: CUIRF) is pleased to
announce that its 2011 field season in Tanzania is well underway
and an initial 10,000 metres of drilling is scheduled to begin this
month. The Company has been exploring a land package comprising
hundreds of square kilometres in the prolific Lake Victoria
Greenstone Belt since 2005. This summer will be the Company's
busiest yet as it advances two major projects.
Sekenke Project
A report by Perth-based Earthsan Pty Ltd. has provided Currie
Rose with a new satellite imagery interpretation (Landsat 7 ETN
imagery) that has identified numerous zones of alteration at
Sekenke coupled with strong structural evidence often associated
with gold mineralization in the region. Of particular note is that
the dominant northwest trending structure that transects Tanzania
has been clearly shown to extend from the Handeni Gold District
near Dar es Salaam through Sekenke. North-south cross cutting
structures have also been identified within the package.
"We'll be drilling Sekenke for the first time ever this summer
and we're extremely excited," stated Harold Smith, Currie Rose
President and CEO. "This nearly 300-square kilometre land package
surrounding two former high grade mines gives us a flagship
property that we intend to explore and develop aggressively. We
have completed an extensive amount of field work at Sekenke over
the past couple of years, including just recently with more to
come, and we believe the discovery potential is significant given
all the geological evidence we've collected from our own work in
addition to historical information. We're proceeding in a careful
and systematic fashion with so many potential targets in order to
conduct the most efficient and effective drill campaign
possible."
Results from new rock and soil sampling at Sekenke are expected
in the near future. A deep-penetrating IP (induced polarization)
survey will be conducted and then all data will be analyzed in
order to pinpoint the most prospective targets for the 5,000 metre
Phase 1 program.
Mabale Hills Project
As important ground work continues at Sekenke, drilling will
begin at Currie Rose's Mwamazengo Property later this month.
Geochemical analysis has outlined a continuous anomaly over a few
hundred metres that runs parallel to the west of the Mwamazengo
discovery where previous drill results included notable high grade
intercepts such as 34 metres grading 3.60 g/t Au, 12 metres grading
9.11 g/t Au, 63 metres grading 2.59 g/t Au, and 31 metres grading
5.97 g/t Au.
Company geologists are eagerly looking forward to revisiting
Mwamazengo with a new drill program. The 6,000 metres drilled to
date by Currie Rose has outlined a mineralized zone that is
continuous for 240 metres along strike and down dip from the
surface to approximately 200 metres and remains open at depth.
Elsewhere at Mabale Hills, Currie Rose will be conducting
follow-up drilling at Sisu River, six kilometres northeast of
Mwamazengo. A first-pass program late last year outlined a
significant near-surface expression at Sisu River with a gold zone
that is open both to the north and the south and also at depth.
Upcoming drilling at Sisu River will target mineralization below
that drilled in 2010 and will also seek to extend mineralization
along strike.
Drilling will also be conducted at Currie Rose's Dhahabu
Prospect, a few kilometres northeast of Sisu River.
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."
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 www.currierose.com
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