Currie Rose Resources: BMR’s Newest Home Run Opportunity

At BMR, we focus on quality, not quantity. We only put forward a limited number of situations to our readers as it takes a lot to get us really excited about a company – all the right ingredients have to be in place, and that’s not easy to find.

Last December, we sounded the alarm regarding Gold Bullion Development (GBB, TSX-V) as we came to the conclusion the company was likely on the verge of a significant discovery at the Granada Gold Property. We were soon proven correct and within six months the stock was up 1,000 per cent from when we first introduced it to BMR readers. Some investors have made a fortune, and Gold Bullion continues to make excellent progress toward its goal of defining a multi-million ounce deposit at Granada.

Today we’re sounding the alarm regarding Currie Rose Resources (CUI, TSX-V). Not since Gold Bullion late last year have we seen a situation quite like this.

We have been investigating Currie Rose extensively recently and of course last week we added it to the BMR Portfolio at 16 cents. It is truly an undiscovered home run opportunity. You may have heard our interview late last week with Currie Rose President and CEO Harold Smith. If not, we suggest you check out the important posting from last Friday and listen to our 20-minute discussion with Smith who we believe could be on the verge of taking Currie Rose from near obscurity to one of the market’s most exciting exploration stories.

Currie Rose has not 1, not 2, but a minimum of 3 superb Gold properties in northwest Tanzania where the company has been exploring since 2005:

• Sisu River (Mabale Hills Project) is being drilled right now following a discovery by artisanal miners. Initial results could come very soon. A total of approximately 25 RC holes are being drilled into the Sisu River quartz porphyry anomaly, each to a depth of about 100 to 125 metres. There are never any guarantees in the exploration business but we do like the odds of a “hit” in this first round of drilling at Sisu River. “Significant in-situ Gold mineralization” exists at this property according to a 2005 technical report – the current drilling will help determine the extent of that mineralization. Another Mwamezengo-style hole would send CUI through the roof;

• Mwamazengo (Mabale Hills Project, significant discovery in 2005 just a few kilometres from Sisu River that warrants additional exploration);

• Sekenke Project – 12 km by 800 metre structure (strongly sheared basic volcanic rocks that host numerous vertical quartz reefs) has been identified in close proximity to 2 former producing mines from the first half of the 20th century.

Mabale Hills is in the centre of the prolific Lake Victoria Greenstone Belt which includes AngloGold’s Geita Mine, a massive multi-million ounce open-pit operation just 80 kilometres to the west. The Geita deposit model is applicable to Mabale Hills – very similar geological environment.

The possibilities regarding the Sekenke Project are intriguing to the least. We are fascinated by this large land package which surrounds and is also in between two former producing mines including the high grade Sekenke Mine, discovered in 1907 and one of the very first producers in Tanzania (1909-1959). As Gold Bullion discovered, along with a lot of other junior exploration companies, the best place to find a new mine is near an old mine. The Sekenke Project has HUGE potential and in the Iramba Plateau the company already has a highly prospective exploration target. Sekenke could turn out to be a “company maker” for Currie Rose – and wouldn’t it be something if they could also secure the land package hosting the former mine?

We expect Currie Rose to get VERY aggressive in developing its Tanzanian assets which also include the Jubilee Reef Project, a former joint venture with Barrick. The company has already proven its ability to find Gold – Mwamazengo near-surface drill results from 2005 included 63 metres grading 2.59 g/t Au, 34 metres grading 3.60 g/t Au, and 31 metres grading 5.97 g/t Au.

Currie Rose also holds a promising Gold property in Ontario near Sudbury (Scadding) which it has optioned to Trueclaim Exploration (TRM, TSX-V). Trueclaim is working hard and getting encouraging results from Scadding where exploration is very active at the moment.

Currie Rose has been under massive accumulation since mid-August – the volume surge is of historic proportions for this stock which has been around for a long time.

Given the new-found aggressiveness of this company, its outstanding portfolio of properties, investor appetite for Gold plays in mining-friendly Tanzania, and a very bullish outlook for the CDNX going into next year, Currie Rose Resources is extremely well positioned for success.