Currie Rose Intersects Sulphide Mineralization in 20 Holes at Mabale Hills
August 24 2011 - 10:25AM
Marketwired
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."
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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