Toronto, Ontario–(October 2, 2018) – Currie Rose Resources Inc. (TSXV: CUI) (“Currie Rose” or the “Company”) is pleased to provide shareholders with the results of recently sampled outcrop and historic mine dump (grab) material from the Rossland Gold Project (the “Project”) located in central southern British Columbia.
- A total of 18 samples were collected from 7 locations within the northern section of the Rossland Gold Project (Table 1);
- Two Samples (rock chip) from the Eleanor Prospect, returned 130.5g/t Au, 5.8g/t Ag 4720ppm Cobalt confirming previous historic sampling;
- Two rock chip samples from the Novelty Claim returned 15.8g/t and 4.04g/t gold confirming previous historic sampling; and
- All 6 grab samples from the recently acquired former Crown Claim “Cons. St Elmo” returned significant copper results between 2.23% – 5.73% with associated gold between 0.45g/t and 1.38g/t and silver between 71.6g/t and 100g/t.
A total of 18 samples (Table 1) were collected from 7 locations within the northern section of the Rossland Gold Project. Eleven of the samples were collected from historic mining dumps (grab samples) and seven samples were rock chip samples of known surface mineralisation. Note that grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property.
The assay results in Table 1 show, high-grade gold, high-grade silver, high-grade copper, high-grade cobalt with high sulphide and arsenic. Significant molybdenum was also confirmed in the north-west part of the package at “Golden Queen” and anomalous tungsten was also reported from “Con St Elmo”.
Michael Griffiths, Currie’s President and CEO, commented; “We are very encouraged by these results which have confirmed historic sample results, bringing greater confidence to our approach. The copper results from “Con. St Elmo” were completely unexpected but further highlight the potential mineral endowment of the project. This preliminary information has added to the historic gold mining records from previously mined areas (outside out current permits) and we now look forward to drilling these areas to provide confirmation.”
The Rossland Gold Project is situated 10km from the Trail Zinc Smelter in south-central British Columbia. The Rossland Mining Camp produced more than 2.7 million ounces of gold, 3.5 million ounces of silver and 71 tonnes of copper between 1894 and 1941 and ranks as the third largest lode gold camp in British Columbia.
The Rossland gold camp is situated in the south western part of the Kootenay Arc and locally consists of a sequence carbonaceous siltstone, quartzite and slates of the Mt Roberts Formation which unconformably overlie Lower Jurassic volcanic flows and tuffs of the Rossland Formation (Little 1982). Contemporaneous with the volcanism noted above were intrusive augite porphyry sills and these rocks have been further intruded by the Rossland monzonite and Nelson plutonic suite rocks that are closely associated with the ore deposits in the area. Major structural features include an east-west set of shears steeply dipping to the north and a north-south shear set, dipping steeply east.
Table 1 — Rossland Gold Project Assay Results
Note: ALS Global – Assay by multi-element: Code ME-ICP61, Gold (50gm charge) by Code AA26 & GRA22, Silver/Copper/Molybdenum by Code ME- OG62
FOR ADDITIONAL INFORMATION IN RESPECT OF CURRIE ROSE, PLEASE CONTACT:
Mike Griffiths, CEO
Catherine Beckett, Manager Corporate Affairs
About Currie Rose Resources Inc.
Currie Rose is a precious metal explorer focused on identifying high value assets in Canada. Our current projects span British Columbia and Ontario with our immediate focus on the recently acquired Rossland Project in BC.
Rossland is produced more than 2.7 million ounces of gold, 3.5 million ounces of silver and 71 tonnes of copper between 1894 and 1941 and ranks as the third largest lode gold camp in British Columbia. It’s reported grade over this production period is ~16g/t and Currie Rose has acquired the rights to properties which are known extensions of the historic workings, presenting a project which is very advanced in nature.
Please visit our website located at www.currierose.com.
All exploration on the project was supervised by Currie Rose Resources Inc (“Currie”) CEO Michael Griffiths FAusIMM, who is the Qualified Person under NI 43-101. Currie applies industry standard exploration sampling methodologies and techniques. All geochemical rock chip and rock dump samples are collected under the supervision of the company’s geologists in accordance with industry practice. Geochemical assays are obtained and reported under a quality assurance and quality control (QA/QC) program. Samples are dispatched to ALS Laboratories in Kamloops an ISO/IEC 17025:2017 accredited laboratory for Prep and transferred by ALS to Vancouver (ISO/IEC 17025:2017). Assay results from surface rock, channel, trench, and drill core samples may be higher, lower or similar to results obtained from surface samples due to surficial oxidation and enrichment processes or due to natural geological grade variations in the primary mineralization.
The Currie Rose scientific and technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf Currie Rose Resources by Michael Griffiths, FAusIMM, President & CEO for Currie Rose Resources, a Qualified Person.
Forward Looking Statements
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.
This news release may contain forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates. Statements about the closing of the transaction, expected terms of the transaction, the number of securities of Currie Rose that may be issued in connection with the transaction, and the parties’ ability to satisfy closing conditions and receive necessary approvals are all forward-looking information. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.