At BMR, we do our homework and we put forward to investors what we believe are exciting opportunities that are worthy of your consideration and due diligence.
We like everything we see with Currie Rose Resources (CUI, TSX-V) and we’re impressed with the leadership, integrity and energy of its long-time President and CEO, Harold Smith. Smith made a very wise decision in 2005 when he gained a large and strategic land position for Currie Rose in the prolific Lake Victoria Greenstone Belt of northwest Tanzania. That was a game-changing move for the company and it’s now starting to pay major dividends. Tanzania is becoming more and more recognized for its growing Gold production and blue sky geological potential (over the last decade in particular this East African country has really opened up to foreign investment, exploration and mining). Sub-Sahara Resources, CUI’s initial joint venture partner in Tanzania, unfortunately became a victim of the 2008 market crash but that turned out to be advantageous in certain ways for Currie Rose. CUI was able to buy out its partner’s interests in the Mabale and Jubilee Reef Projects at a very favorable price and also nabbed Sub-Sahara’s highly respected senior geologist with many years’ experience in Tanzania.
Currie Rose’s immediate priorities in Tanzania consist of the Mabale Hills Project, where a 3,000 metre RC drill program is well underway at the very promising Sisu River Property (initial assay results could come quickly as CUI is using a lab just a short distance from Mabale) and the Sekenke Project (joint venture) approximately 200 kilometres southeast of Mabale. These are first-rate land packages that offer major exploration upside as proven by CUI’s discovery at Mwamazengo (Mabale Hills) in 2005.
Below is Part 2 of our interview with Currie Rose President and CEO Harold Smith. We suggest that while listening to the audio interview, you minimize that window and click on our previous posting where you can view maps showing the Sisu River Property and the Sekenke Project as Smith discusses both. These maps are taken from the new corporate presentation that Currie Rose posted yesterday on its web site.
BMR Currie Rose Interview Part 2
Currie Rose closed yesterday at 19.5 cents on the TSX Venture Exchange. At BMR, our stock coverage is for informational purposes only and must not be viewed or interpreted as “buy”, “sell” or “hold” recommendations. Please read our disclaimer. As a matter of disclosure, the writer of this story and interviewer holds a position in CUI (250,000 shares).
Hello Jon,
Have you had a look at Currie Rose’s JV Trueclaim Exploration Inc. They have a
lot going in regards to their 55,000 acre Scadding Property located 55 kms Northeast of Sudbury. Of particular interest is the Sept. 23 News Release showing the results from a successful summer field program. These showings are being drilled at the present time, but the coming 8,000 meter drill program planned for the Scadding site will be very interesting. Check the News Release from Feb.22, 2010
The Black Diamond Silver property is not yet factored into the things, but it should be drill ready in Jan. of 2011. It has the potential to host an excellent
Silver resource. Have you ever thought about approaching John Carter, President of Trueclaim for an interview. Very knowledgable mining man. Owed Minpro for 32 years in which that time he installed 200+ mining curcuits globally for others to go into prodution. I think TRM is on the verge of breaking out.
Comment by George Pesut — November 8, 2010 @ 10:16 am