ST. CATHARINES, ONTARIO - June 9, 2011 (Investorideas.com Mining stocks Newswire) - Currie Rose (TSX.V:CUI) (OTC: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
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.
Contact:
Harold Smith
Currie Rose Resources Inc.
President
(905) 688-9115
www.currierose.com
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Disclaimer/ Disclosure: Currie Rose Resources Inc. (TSX.V: CUI) (OTC:CUIRF) is a showcase mining stock; 3 month mining stock showcase profile staring April 28 2011, online mining conference May 25 (two thousand five hundred).
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