We first introduced Currie Rose Resources (CUI, TSX-V) to BMR readers in September when the stock was sitting at a dime. After additional due diligence, we added it to the BMR Portfolio at 16 cents in late October. It has enjoyed a tremendous run, climbing as high as 47.5 cents, and is now in consolidation mode which is healthy from a technical standpoint. Fundamentally, we absolutely love this company’s large land package in the prolific Lake Victoria Greenstone Belt of northwest Tanzania. Currie Rose has major discovery potential written all over it with two key projects – Mabale Hills, where it has numerous targets including Mwamazengo and Sisu River, and Sekenke which surrounds and runs in between two former high grade Gold mines. Results are pending from a drill program launched at Sisu River in late October. In 2011, Currie Rose is expected to be very aggressive in exploration at both Sekenke and Mabale Hills. In January, Currie Rose’s Scadding Gold Property (optioned to Trueclaim Exploration) near Sudbury will come into focus as Trueclaim is preparing to launch an 8,000 metre drill program at this highly prospective property. Currie Rose is one of our favorites for 2011 as we see high potential for a major geological breakthrough at any one or more of this company’s properties. John provides a brief technical review below.
