Currie Rose Resources Inc Symbol CUI Shares Issued 47,404,782...

Currie Rose Resources Inc
Symbol CUI
Shares Issued 47,404,782
Close 2008-08-26 C$ 0.10
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Currie Rose starts new phase of drilling at Mabale


2008-08-27 09:34 ET - News Release

Mr. Harold Smith reports

CURRIE ROSE RESOURCES INC.: DRILLING COMMENCES AT SISU RIVER PROSPECT AND MWAMAZENGO DISCOVERY MABALE HILLS JV GOLD PROJECT, TANZANIA

Currie Rose Resources Inc. has started a new phase of drilling at the Mabale Hills project in central Tanzania that forms part of the Lake Victoria joint venture with Australian Stock Exchange-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 over-500,000-ounce Iamgold Kitongo gold deposit and it is situated about eight kilometres to the northeast of the JV Mwamazengo discovery. Mineralization at the Sisu prospect appears to be associated with quartz veins that crosscut 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 1,200 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 news in Stockwatch of June 25, 2008), revealing one-metre-thick bands of low-grade gold mineralization (0.60 to 1.18 parts per million). The CBI drilling will test favourable 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 characterized by steeply dipping, tightly folded and highly deformed banded ironstone formations (BIF) 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 mineralization has been identified in quartz veins and disseminated in BIF 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.