- Currie Rose Resources (CUI) has launched a diamond drill program at its Rossland Gold Project in southern British Columbia
- The program is the first to be undertaken in the area since the mid-1990s and will focus on the high-priority Mascot targets
- Drilling had previously been focused on the Eleanor and Gertrude targets, but has been suspended due to poor weather
- Historic survey data from 2009 and 2012 was re-processed by the company in 2019, which identified a number of significant anomalies at the Mascot target
- Currie Rose Resources is currently steady at C$0.04 per share
Currie Rose Resources (CUI) has launched a diamond drill program at its Rossland Gold Project in southern British Columbia.
Located 10 kilometres west of the Trail Zinc Smelter, the 3,000-hectare project sits within the Rossland Mining Camp which produced more than 2.7 million ounces of gold, 3.5 million ounces of silver and 71 tonnes of copper between 1894 and 1941.
The program is the first to be undertaken in the area since the mid-1990s and will focus on the Mascot target in the eastern region of the Rossland Project. Geological mapping in this areas has confirmed three primary gold-bearing veins, as well as the secondary Mascot North vein.
In addition, historic surveys completed in 2009 and 2012, which were re-processed by Currie in 2019, have identified a number of significant anomalies at the Mascot target. These anomalies bear similar characteristics to others in the Rossland Mining Camp, many of which are coincident with primary gold-bearing veins.
Several other drill targets have been defined, which the company says will be the subject of further exploration work over the coming months.
Drilling work had previously been focused on the more elevated Eleanor and Gertrude targets to the west and north, but these activities have been temporarily suspended due to poor weather conditions.
“We remain committed to work closely with the Rossland community and other stake holders to ensure any impact is minimal as we commence drilling in this highly prospective geological setting and look forward to updating shareholders as drilling progresses over the coming months,” said Michael Griffiths, President and CEO of Currie Rose Resources.
Currie Rose Resources is currently steady at C$0.04 per share, as of 11:10am EST.