ST. CATHARINES, ONTARIO--(Marketwire - June 9, 2011) -Currie Rose (TSX VENTURE:CUI)(PINK SHEETS:CUIRF) is pleased to announce that its 2011 field season in Tanzania is well underway and an initial 10,000 metres of drilling is scheduled to begin this month. The Company has been exploring a land package comprising hundreds of square kilometres in the prolific Lake Victoria Greenstone Belt since 2005. This summer will be the Company's busiest yet as it advances two major projects.

Sekenke Project

A report by Perth-based Earthsan Pty Ltd. has provided Currie Rose with a new satellite imagery interpretation (Landsat 7 ETN imagery) that has identified numerous zones of alteration at Sekenke coupled with strong structural evidence often associated with gold mineralization in the region. Of particular note is that the dominant northwest trending structure that transects Tanzania has been clearly shown to extend from the Handeni Gold District near Dar es Salaam through Sekenke. North-south cross cutting structures have also been identified within the package.

"We'll be drilling Sekenke for the first time ever this summer and we're extremely excited," stated Harold Smith, Currie Rose President and CEO. "This nearly 300-square kilometre land package surrounding two former high grade mines gives us a flagship property that we intend to explore and develop aggressively. We have completed an extensive amount of field work at Sekenke over the past couple of years, including just recently with more to come, and we believe the discovery potential is significant given all the geological evidence we've collected from our own work in addition to historical information. We're proceeding in a careful and systematic fashion with so many potential targets in order to conduct the most efficient and effective drill campaign possible."

Results from new rock and soil sampling at Sekenke are expected in the near future. A deep-penetrating IP (induced polarization) survey will be conducted and then all data will be analyzed in order to pinpoint the most prospective targets for the 5,000 metre Phase 1 program.

Mabale Hills Project

As important ground work continues at Sekenke, drilling will begin at Currie Rose's Mwamazengo Property later this month. Geochemical analysis has outlined a continuous anomaly over a few hundred metres that runs parallel to the west of the Mwamazengo discovery where previous drill results included notable high grade intercepts such as 34 metres grading 3.60 g/t Au, 12 metres grading 9.11 g/t Au, 63 metres grading 2.59 g/t Au, and 31 metres grading 5.97 g/t Au.

Company geologists are eagerly looking forward to revisiting Mwamazengo with a new drill program. The 6,000 metres drilled to date by Currie Rose has outlined a mineralized zone that is continuous for 240 metres along strike and down dip from the surface to approximately 200 metres and remains open at depth.

Elsewhere at Mabale Hills, Currie Rose will be conducting follow-up drilling at Sisu River, six kilometres northeast of Mwamazengo. A first-pass program late last year outlined a significant near-surface expression at Sisu River with a gold zone that is open both to the north and the south and also at depth. Upcoming drilling at Sisu River will target mineralization below that drilled in 2010 and will also seek to extend mineralization along strike.

Drilling will also be conducted at Currie Rose's Dhahabu Prospect, a few kilometres northeast of Sisu River.

BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.

Harold Smith, President

The technical information in this News Release has been reviewed and approved by Michael Griffiths MAusIMM, a qualified person as defined by National Instrument No. 43-101, and a Director of Currie Rose Resources Inc. and Executive Director of Chalice Gold Mines Limited.

"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."

Jim Sinclair is the Chairman and CEO of Tanzanian Royalty Exploration Corporation (TRE: Altanext NYSE platform, TNX: Senior Toronto Stock Exchange). He is a precious metals and commodities specialist. Some of the highlights of his nearly 50 year career include the founding of Sinclair Group of Companies (1977), which offered full brokerage services. Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker. He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation and Global Arbitrage .

He has authored numerous magazine articles and three books dealing with a variety of investment subjects. He is a regular speaker at various commodities related events.

In January 2003, Mr. Sinclair launched, "Jim Sinclairs MineSet," which now hosts his gold commentary and is intended as a free service to the gold community.

Dear Friends,

We are looking for a farmer or farming couple that would like to spend a minimum of one year, but longer preferred, in Tanzania, East Africa.

You need to be willing to learn key terms in Swahili and enthusiastically teach the local farming families the operation of advanced farm equipment and the knowledge required to move from subsistence to commercial farming and improved animal husbandry.

All farming products produced will be purchased by a standing operation at Buckreef.

You will live in excellent modern quarters at the Buckreef Mine in the Geita Region, south of Mwanza.

The position is open for immediate occupancy.

You must possess a positive attitude, and can do approach to work. References are required.

Please contact editor@jsmineset.com if you are interested.

Regards,
Jim

Investors Missing the Boat on Gold and Silver Explorers

by JAMES WEST on APRIL 29, 2011

By James West
Midas Letter.com
April 29, 2011

Gold’s apparently effortless breach of the $1,500 mark, accompanied by its staunch ally silver towards $50 an ounce, marks new territory for the Age of Monetary Metals, which we have now entered. The twin frauds, the artificially high valuation of the U.S. dollar and the equally nefarious intervention by the Chinese to keep the Yuan down, are driving the world’s savers increasingly towards the only transparent (well, except for the increasingly flaccid derivatives market price manipulation) and trustworthy monetary unit. At this point, I’m embarrassed to be a human being.

What will posterity say about this era in history, where a small cadre of over-educated men and women perpetrate simultaneous scams against the rest of us to support an undeserved sense of entitlement expressed in grossly excessive lifestyles?

Where are the protests in the United States? What happened to the American spirit, that historically rose up against oppression and enslavement? In China, the fear is palpable. They’re even barring access to churches, which, unfortunately for the present regime, is the great error repeated throughout history. Steal their money, deny them a decent standard of living, sure, but deny them access to their God? A fatal error, my Chinese friends.

In America, it would appear that the obsession with microscopic partisan philosophy differences and dogma undermines any possibility of a united electorate behind issues of grave and imminent import. It’s a distraction of the highest caliber, and a perfect example of how the current model of human beings can easily occupy itself with senseless superficiality while the stage upon which they debate is incrementally consumed by termites. Completely transfixed by spectator sports, utterly mindless video games, vapid entertainers, and formulaic and insipid movies, and a hundred thousand talking heads all delivering variations on the Great Lie of the once great United States, America is doomed. 300 million puffed up roosters strutting around indignantly in what was once a resource rich land of promise but is soon to be nothing more than an abattoir from sea to shining sea. What a surprise it will be when the fences erected to keep the outsiders out turn out to be fortified by the outsiders to keep the insiders in.

And still, the financial services industry, now a juggernaut smashing the financial infrastructure of the world to smithereens under its own colossal inertia, defecates a steady stream of worthless and impoverishing investment products on the oh-so-thoroughly anesthetized and distracted American investing public. The collateralized debt obligations and securitized junk loans have been refined and retuned and now re-appear as triple A trash among the cleverly adorned offerings of Morgan Stanley, Goldman Sachs and J.P. Morgan.

Poor, poor, mainstream investors.

How horrible it must be to be an investor and not know anything about investing in the Toronto Venture Exchange (TSX Venture) and Toronto Stock Exchange’s (TSX) vast selection of gold, silver and oil explorers and producers. How impoverished must be the millions of global investors making due with single digit gains, if any, and more commonly, losses at the hands of major investment banks who load their portfolios with garbage.

It still ranks as a well kept secret, the phenomenal gains being realized by astute investors on these Canadian exchanges, where nearly 80% of the world’s natural resource investment capital is raised and directed into projects from Tasmania to Alaska.

A case in point: Newstrike Capital (TSX.V:NES, OTCBB: NWSKF.PK), a Midas Letter pick from our January 2011 edition that our subscribers picked up for $1.20 a share, announced on April 20th that one of their drills had intercepted over 230 metres (755 feet) of mineralized core on the company’s Ana Paula project in Guerrero, Mexico that graded an average of 7.5 grams per tonne of gold. The stock promptly doubled, providing those who bought at $1.20 with an immediate 100% gain, in a mere three months. That’s 400% performance annualized.

Now granted, Newstrike is the exception rather than the rule. TSX and TSX Venture stocks with major discovery potential tend to appreciate more slowly, and the intercepts encountered by their drilling programs are rarely so dramatic.

And quite frequently, the progress of share price appreciation is inhibited by the unfortunate realities associated with financing exploration activity. By the time a company who is exploring for gold and silver starts hitting the large high grade intercepts that translate into demand for the company’s shares, that company has likely issued a large number of shares to raise the money to get to that point. A good example of this is Seafield Resources Ltd. (TSX.V:SFF), whose announcement on December 2nd, 2010 of a drill intercept grading 1.29 grams per tonne over 449 metres. The stock shot up to a high of $0.77, but the company announced a financing of 30 million shares at $0.50, which effectively killed the rally. At the same time, millions upon millions of shares from previous financings flooded the market, and the stock to this day labours in the $0.30 range, despite further outstanding drill and trench results.

Fortunately, while lousy financing structures taint the share price, beneath the ground the deposit remains intact.

That being said, there is clearly some substantial mineralization present on the property, and once the insiders and early investors who are in a big hurry to dump their cheap shares have done so, it is likely the company will proceed to develop the group of deposits on their Quinchia project in Colombia. It is worthy of note that the 30 million share private placement was subscribed for by the same parties who were substantial early shareholders of Ventana Gold. (TSX:VEN), a company that delivered over 1000% performance in the space of less than one year.

There are a multitude of examples, however, of companies whose incremental share price increase in a one year time horizon demonstrate the conviction, by investors, that there is a valuable mineral deposit underlying the demand for shares.

On the TSX Venture exchange alone, more than 400 out of 1600 companies in the resource sector have doubled in value in one year or less. Imagine 25% of your investments doubling in one year! And in Canadian dollars to boot!

While the rest of the markets quiver on the brink of collapse, and investors wait with baited breath for the next financial crisis to arrive (really its still the same crisis that started in 2008 – just delayed thanks to the U.S. government counterfeiting program), wise investors are building positions in junior gold exploration companies with good exploration results, because these will be the biggest beneficiaries of investor interest when the mainstream finally realizes that the TSX and TSX Venture exchanges are the absolutely best speculative games in town.

April 21, 2011

2 Comments »

1. 
   
   

   Hi John, Any time frame as to when you will be getting an update from Harold?
   Thanks
   a

   
   

   Comment by Ali — April 21, 2011 @ 11:20 am

   
   


2. 
   
   

   Next week…

   
   

   Comment by Jon - BMR — April 21, 2011