BMR update…one of our favorite plays under 25 cents is Currie Rose Resources (CUI, TSX-V)which is currently three weeks into a 10,000-metre drill campaign inthe prolific Lake Victoria Greenstone Belt of Tanzania…the other day wehad a brief conversation with Mike Griffiths, CUI’s senior geologist, who was just at Mabale Hills where drilling is proceeding on schedule…Currie Roseis drilling deeper at Sisu River than it did late last year, underneathencouraging intercepts that were discovered in Phase 1…so the RC rig istesting for the potential of wider zones and higher grade material atvertical depths up to 150 metres…other deposits in Tanzania have shownsimilar near-surface expressions as Sisu River, so there is certainlyreason for optimism…Currie Rose is going after targetsat three properties at Mabale Hills – Sisu River, Mwamazengo and Dhahabu– and we can’t help but think the odds of a hit at one of those areasat least is very good…then of course there’s the Sekenke Project, about200 kilometres to the southeast, and Griffiths is very excited about thepossibilities there…Sekenke is a large land package that surrounds andruns in between two former high grade mines (from the first half of the20th century), a recipe for a discovery as a lot was probably overlookedin the area…Currie Rose has never drilled Sekenkebefore…they have so many potential drill targets at this property, theyhave the pleasant problem of trying to prioritize them…they can do thatwhile drilling continues at Mabale Hills…we’re hoping to do an interviewwith Griffiths sometime next week…technically, Currie Rose islooking solid and the stock was definitely under accumulation yesterdayas over a million shares traded on the Venture and Alpha marketscombined…a breakout this summer through resistance at 22.5 cents seemsinevitable just given the fact that interest and speculation shouldbuild regarding the drill program, the most ambitious ever for CUI in Tanzania…below, John updates the CUIchart which shows the stock is trading in a bullish ascendingtriangle…the weekly(50) has also crossed above the weekly(200) which isalso bullish…
...Note: Both Jon and John continue to hold positions in Currie Rose Resources…