At BMR, our specialty is uncovering overlooked junior resource companies (mostly in the Gold sector) with high quality under-explored properties that offer major potential and are in the hands of a management team that has the ability, determination and urgency to advance them. We have found another such company in Currie Rose Resources (CUI, TSX-V) which closed yesterday at 16 cents, and we’ve added CUI to the BMR Portfolio.
Currie Rose’s focus is on three major projects in the heart of the Lake Victoria Greenstone Belt in northwest Tanzania – Mabale Hills, Sekenke and Jubilee Reef. What really excites us right now about Currie Rose is the drill program that started several days ago at the Sisu River anomaly just a few kilometers northeast of the Mwamazengo Property where a significant near-surface discovery was made by CUI in 2005.
In a drill campaign there are risks and never any guarantees, but we’ve done our homework on Sisu River and we love this property. The odds of success with this 3,000 metre RC Phase 1 drill program are very real. Meanwhile, Mwamazengo clearly warrants additional exploration (63 metres grading 2.59 g/t Au was one of several stellar holes drilled there) while the “sleeper” in Currie Rose’s package is the Sekenke Project which reminds us a lot of the Gold Bullion situation with Granada. Sekenke has huge potential and Currie Rose is hungry to “go for the Gold” throughout that large land package which surrounds two former mines with extensions to those structures likely.
Currie Rose, which has a very modest market cap of $12.5 million with 79 million shares outstanding, also has a Gold property (Scadding) of considerable merit near Sudbury which is under option to Trueclaim Exploration (TRM, TSX-V). Trueclaim is working hard and getting promising results from Scadding.
BMR has just interviewed Currie Rose President and CEO Harold Smith, and below is the link to that very interesting 20-minute discussion. There is so much to cover with this fascinating story that we’ll be doing a “Part 2″ interview with Smith sometime next week:
As always, we suggest investors perform their own due diligence and also read our disclaimer. No fee or compensation of any sort has been paid to BMR for coverage of Currie Rose. The writer of this piece and the interviewer does hold a share position in CUI (120,000 shares).