Currie Rose Resources Inc. Rossland Project Extension
Toronto, February 27, 2019 - Currie Rose Resources Inc. (TSXV: CUI) ("Currie Rose" or the "Company") is pleased to announce that the Company has extended the expenditure requirements of both Option Agreements that make up the Rossland Gold Project (the "Project") (see press releases dated April 13, 2018 and May 16, 2018) located in central southern British Columbia.
The Vendor and the Company have agreed to extend the expenditure period on the Projects by 3 months to July 26th, 2109 to enable drilling and other exploration work to be completed.
Michael Griffiths, Currie Rose's President and CEO, commented: "This extension will provide the company with the opportunity to complete our historic data retrieval to make sure that our drilling program is as targeted as possible to achieve our exploration goals for 2019. The Vendor has appreciated our efforts to date and we look forward to our continued good working relationship."
About Rossland
The Rossland Gold Project is situated 10km west 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.
FOR ADDITIONAL INFORMATION IN RESPECT OF CURRIE ROSE, PLEASE CONTACT:
Mike Griffiths, CEO
Office: 905-688-9115
Email: info@currierose.com
Catherine Beckett, Manager Corporate Affairs
Office: 905-688-9115
Email: info@currierose.com
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.
Please visit our website located at www.currierose.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43082