News/ the story's getting better....Currie Rose Resources Inc. Expands Sekenke Project in Tanzania
7/20/2006
ST. CATHARINES, ONTARIO, Jul 20, 2006 (CCNMatthews via COMTEX News Network) --
Currie Rose Resources Inc. (TSX VENTURE:CUI) -
Sekenke Project
Harold Smith President is pleased to announce that as part of the agreement with Sekenke Resources Ltd, a further 529 square kilometers (18 licenses) have been included in the Sekenke joint venture, bringing the total land package to 2,273 square kilometers. Most of the additional ground has come to Currie Rose via the vendors association with Barrick Gold's subsidiary Barrick East Africa Limited (BEAL) with BEAL retaining an interest in the additional licenses.
The expanded package covers a number of identified colonial gold workings as well as the Kinyangiri gold discovery that returned up to 2.5g/t gold over 14 metres and the company is confident that the Iramba-Sekenke Achaean Greenstone Camp situated on the eastern flank of the Lake Victoria Greenstone Belt has the potential for further discoveries.
Lake Victoria Mabale Hills
Work at the Mabale Hills project has been on-going since the end of the wet season to develop 3 of the high priority geophysical targets generated earlier in the year (Ilalucha, Manyiro & Mawemabi Prospects). These 3 prospects lie within 3 km of each other. The following work program is in the final stages of completion.
- 3,000 soil samples
- 1,200 trench samples
- Resistivity/IP and ground magnetic surveys over the 3 high priority "helimag" targets
To date, gridding, soil sampling, and ground magnetics have been completed on the Ilalucha Prospect with assay results pending. An IP survey is expected to commence on Ilalucha over the next 2 weeks. Gridding on Manyiro is in progress and on completion, this target will undergo geophysics (ground magnitics and IP) and soil sampling.
This methodical exploration approach will generate a number of quality drill targets with coincident geochemical and geophysical anomalies. Drilling expected to commence in 3-4 weeks.
ON BEHALF OF THE BOARD OF DIRECTORS
Harold Smith, President