Currie Rose Resources (CUI, TSX-V)

Currie Rose, which was added to the BMR Portfolio at 16 cents in late October, enjoyed a very active week, climbing as high as 23.5 cents (a new 52-week high) before closing unchanged for the week at 19.5 cents…total CDNX volume for the 5 trading days was over 9 million shares…this is a company which is getting much more aggressive developing its highly prospective package of Gold properties in northwestern Tanzania…Currie Rose is well established in that East African country, having started exploration in 2005…very quickly CUI made a significant near-surface discovery at Mwamazengo, part of its Mabale Hills Project which is in the heart of the prolific Lake Victoria Greenstone Belt…Anglo-Gold’s multi-million ounce Geita open-pit operation is just 80 kilometres to the northeast, and other mines and deposits are in the immediate area…Currie Rose’s highest current priorities in Tanzania are the Mabale Hills and Sekenke Projects…at Mabale Hills, CUI is drilling its Sisu River Property which is approximately 8 kilometres northeast of Mwamazengo…the 3,000 metre Phase 1 RC program at Sisu River is focusing on an area that has returned excellent sampling results and where artisanal miners made a recent discovery…the quartz porphyry target at Sisu River is hosted within felsic volcanic rocks, generally considered to be favorable hosts for Gold in greenstone belts around the world…drilling started 2 weeks ago and is proceeding according to plan according to Currie Rose President and CEO Harold Smith who we interviewed Friday afternoon (the 17-minute interview was uploaded to our site Saturday)…assay turnaround time should be fairly quick with CUI using a lab just a short distance from Mabale…Smith is also very excited about the company’s Sekenke Project, and rightly so, as CUI has identified a 12 km by 800 metre highly prospective structure of sheared metabasalts that hosts numerous quartz reefs…assay results from rock chip samples indicate significant Gold anomalies in the quartz reefs…this structure lies in between 2 former producing mines from the first half of the 20th century including the high grade Sekenke Mine, one of Tanzania’s original Gold producers…Currie Rose has major upside exploration potential…the company posted an attractive new corporate presentation on its web site Friday…