hot off the press! Currie Rose Resources Inc.: Significant Gold Intersection From Drilling at Jubilee Reef Project, Northern Tanzania3 minutes ago by Marketwire
Currie Rose Resources Inc. (the "Company") (TSX VENTURE: CUI)(OTCBB: CUIRF)(FRANKFURT: CDVN) -
Liontown has released the following Press Release in regard to the Company's Joint Venture in Tanzania.
Liontown Resources Limited (ASX: LTR) is pleased to report a significant new intersection from its flagship Jubilee Reef Gold Project in Northern Tanzania.
Drilling at Masabi Hill returns 88m @ 1.8g/t Au including 44m @ 3.1g/t Au
Hole JBRRC118 drilled at Masabi Hill, the most advanced prospect at Jubilee Reef intersected 88m @ 1.8g/t Au from 8m including 44m @ 3.1g/t from 24m This latest intersection follows on from a number of good results reported on the 21st November 2012 from Masabi Hill and the Panapendesa prospect located approximately 2km to the northeast.
These previously reported intersections were largely calculated on 4m composite samples and assaying of individual 1m splits has returned significant high grade results.
Better results from the 1m assaying at Masabi Hill include 4m @ 15.4g/t Au from 113m including 1m @ 46.9g/t Au from 114m (JBRRC096).
At Panapendesa better results included 11m @ 4.2g/t Au from 94m including 5m @ 8.6g/t Au from 95m (JBRRC101).
At Masabi Hill, significant mineralisation (greater than 0.1g/t) has been defined over a 1,000 by 800m area with multiple zones of plus 1g/t gold indicated. Further work is required to determine how the intersection in JBRRC118 relates to previous results. Additional drilling is also required to determine the true widths and controls of the mineralisation which is hosted by a granitic intrusion.
Assays are pending for five RC holes (JBRRC128-132) and one RC hole (JBRRC133) drilled at Masabi Hill and Panapendesa respectively to follow up intersections reported in the 21st November announcement.
Drilling has now ceased for the year at Jubilee Reef due to the onset of the wet season. Total drilling in 2012 comprised 93 RC and 125 aircore holes for 11,387m and 5319m respectively, with drilling since inception of the Project in mid 2011 totalling 22,296m.
The 2013 work program at Jubilee Reef will be planned once all assays have been received and processed from the drilling in 2012.
David Richards, Managing Director
28 August 2012
The information in this report that relates to Exploration Results is based on information compiled by Mr. David Richards, a full time employee of Liontown Resources Limited, who is a Member of the Australian Institute of Geoscientists. Mr. Richards has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and consents to the release of information in the form and context in which it appears here.
BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.
Harold Smith, President
"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.
Contacts:Currie Rose Resources Inc.Harold SmithPresident