Currie Rose Resources Inc.

Currie Rose Resources Inc.

June 25, 2009 11:21 ET

Currie Rose Resources Inc.: Corporate Update

ST. CATHARINES, ONTARIO--(Marketwire - June 25, 2009) - Currie Rose Resources Inc. (TSX VENTURE: CUI) -

The Company is pleased to report that the purchase of the Lake Victoria Joint Venture has been completed. The Company's land holdings in Tanzania now consist of a 100-per-cent interest in Mabale and Nyamirembe, 100-per-cent interest in Jubilee Reef (joint venture with Barrick Gold) and the Sekenke joint venture in which the company has earned 30-per-cent interest, with the right to earn up to a 70-per-cent interest.

Ground Geophysics and Drilling Planned for Mabale Hills and Sekenke JV Gold Projects, Tanzania

The Company is preparing to undertake new Induced Polarization (IP) surveys and follow-up drilling on its two principal gold projects in the Lake Victoria Goldfields, Tanzania, the Mabale Hills Project and the Sekenke JV. The geophysical surveys and drilling are intended to explore recently identified structures that have the potential to host gold deposits.

Mabale Hills Project

The Mabale Hills Project corresponds to the former Lake Victoria JV (see map at that involved Currie Rose Resources Inc. and Sub-Sahara Resources NL. On April 30, 2009 Currie Rose exercised its First Offer Right and obtained 100% ownership of the Lake Victoria JV properties. The Mabale Hills Project is hosted in a similar part of the Upper Archean stratigrapy to the 14.6 Moz Geita Gold Mine (80 km to the West), the 0.5 Moz Kitongo deposit (10 km to the North), and the 2.2 Moz Golden Ridge deposit (30 km to the South-southwest). The prospective rocks are cherty banded iron formation (BIF) that are deformed into upright folds and that are intruded by granite plutons. New work on the Mabale Hills Project is scheduled to begin in mid-July. The main exploration target is situated along the axial surface trace of the same regional-scale fold that hosts the Mwamazengo Discovery (see slide 7 in the February 3, 2009 presentation, here: Gradient and pole-dipole IP surveys are planned (total 120 line-km) to explore the potential extension of the gold mineralization that was defined by previous drilling at the Mwamazengo Discovery in 2007 and 2008, in order to identify new targets for drilling. Notable high-grade intercepts at Mwamazengo included 34 m grading 3.60 g/t Au; 12 m grading 9.11 g/t Au; 63 m grading 2.59 g/t Au; and 31 m grading 5.97 g/t Au. The Company plans 5000 m of Reverse Circulation (RC) drilling, beginning in August, to test the targets that will be identified by the IP surveys of the potential extension of the Mwamazengo Discovery.

At the Dhahabu Prospect, also part of the Mabale Hills Project, previous Rotary Air Blast (RAB) and RC drilling in 2007 and 2008 returned a promising intersection of 6 m grading 3.77 g/t Au, including 1 m grading 17.5 g/t Au. Recent inversion modelling of IP data for the Dhahabu Prospect shows that the drilling intersection sampled the margin of a high chargeability body that will be the target of 2000 m of RC drilling, in August, 2009.


Harold Smith, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information