Currie Rose Completes Drilling Program and Commences Environmental Studies at the North Queensland Vanadium Project in Australia
Currie Rose Completes Drilling Program and
Commences Environmental Studies at the
North Queensland Vanadium Project in
Australia
Toronto, Ontario--(Newsfile Corp. - September 27, 2023) -
Currie Rose Resources Inc.
(TSXV: CUI)
("
Currie Rose
" or the "
Company
") is pleased to announce that the "infill" large diameter (100 mm) core
drilling program at the Cambridge Vanadium Deposit
1
has been completed
successfully and also
advises that the Company has engaged specialist environmental consultancy, Epic Environmental Pty
Ltd ("
Epic Environmental
"), to commence environmental baseline assessments at the Company's
100%-owned North Queensland Vanadium Project ("
NQVP
") located about 450 km west of Townsville,
Queensland, Australia, in the Julia Creek-Richmond critical mineral zone.
Highlights:
Ten (10) large diameter (100 mm) 4C core drill holes completed
Downhole Gamma and Density geophysics completed on all drill holes
All core dispatched to Mitra PTS Laboratory for processing
Desktop ecological study underway
Flora and water studies initiated
Simon Coyle, Currie Rose's President and CEO, commented
:
"
Completion of our first drill program at the Cambridge Deposit is another milestone for the Company.
This work will provide the platform for several workstreams over the wet season, but most importantly,
we have a good quantity of sample for metallurgical test covering the bulk of the Cambridge deposit."
"We are also pleased to have started our first environmental studies at the NQVP. Investing in the
environmental baseline data in the early planning stages of the Project will facilitate timely and
science-based approvals necessary for the subsequent development stages. Starting the work now
ensures we are on track for production success in the near term
."
NQVP covers over
300 km
2
of the outcropping Toolebuc Formation (vanadium host rock) within
approximately 1,250 km
2
of granted 100%-owned tenure in northwest Queensland. The centrally located
Cambridge Vanadium Deposit hosts NI 43-101 compliant Indicated Mineral Resource
2
of 61.33 Mt @
0.34% V
2
O
5
and Inferred Mineral Resource of 144.87 Mt @ 0.33% V
2
O
5
.
Figure 1 - North Queensland Vanadium Project Location
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2005/182002_a0377e17b421d979_001full.jpg
Drilling Program
A total of ten (10) drill large diameter 4C core (100 mm) drill holes, totaling 333 metres, have been
completed from within the Cambridge Deposit (Table 1). Downhole Gamma and Density geophysics
was also completed on all drill holes for stratigraphic analysis and to assist with planned metallurgical
studies.
Two holes (NQVP23-004 and NQVP23-007) have been conditioned for water monitoring purposes and
part of the ground water studies conducted by Epic Environmental.
Core has been dispatched to Mitra PTS
in Gladstone, Queensland for processing, and all data collected
from the program is now being collated. The Company will provide further updates on the drill program
data as they come to hand.
Photo 1 - NQVP23_005 - Typical Oxide Zone - Cambridge Deposit
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2005/182002_a0377e17b421d979_002full.jpg
Environmental Studies
Epic Environmental Pty Ltd is a highly experienced environmental group with extensive experience in the
Richmond-Julia Creek region of Queensland. Their engagement at this stage in the Project is to ensure
that there are no delays to the development of the Project due to baseline data collection for potential
development of the project.
The scope of work includes an initial desktop ecological assessment, collating all the public data for the
area, and first pass "on-ground" flora and fauna observations. In addition, studies have also included
surface water, groundwater, and air quality monitoring. These studies are long term, and the Company
will provide further updates as available.
Hole ID
Core Type
Easting_X
Northing_Y
Depth (m)
NQV23_001
4C Core
692239
7734776
30
NQV23_002
4C Core
692122
7733776
31
NQV23_003
4C Core
693171
7734158
37
NQV23_004
4C Core
693047
7733163
36
NQV23_005
4C Core
694351
7735523
37
NQV23_006
4C Core
694201
7734286
25
NQV23_007
4C Core
695095
7733418
36
NQV23_008
4C Core
695221
7734412
26
NQV23_009
4C Core
692334
7735515
20
NQV23_010
4C Core
693297
7735149
55
Total
333
EPSG:7854 - GDA2020 / MGA zone 54
Table 1 - 4C Core Holes Location
About Currie Rose Resources Inc.
Currie Rose is a publicly traded battery metals exploration and development company identifying high-
value assets in resource and research-friendly jurisdictions. The Company's immediate focus is the
advanced NQV Project in Queensland, Australia. The NQV Project hosts the Cambridge Deposit with an
Indicated Mineral Resource of 61.33 Mt @ 0.34% V
2
O
5
and 234.6 ppm MoO
3
along with an Inferred
Mineral Resource of 144.87 Mt @ 0.33% V
2
O
5
and 241.9 ppm MoO
3
(Dufresne et al., 2022). The
Company additionally owns Kotai Energy and the option to acquire 100% of the intellectual property
rights associated with the Solid-State Hydrogen Storage Project from Curtin University in Western
Australia. Please visit our website at
www.currierose.com
.
For additional information, please contact:
Iryna Zheliasko, Investor Relations - Canada
Office: (+1) 647-249-9298
Email:
Andrew Rowell, Investor Relations - Australia
M: +61 400 466 226
Email:
Neither 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.
Qualified Persons
The scientific and technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for
Mineral Projects) and reviewed and approved on behalf of Currie Rose Resources by Michael
Griffiths, FAusIMM, VP Exploration and Director for Currie Rose Resources, a Qualified Person.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including statements regarding future estimates,
plans, objectives, timing, assumptions or expectations of future performance, including without
limitation, statements regarding the Company's plans regarding the NQV Project. Generally, forward-
looking statements and information can be identified by the use of forward-looking terminology such
as "intends" or "anticipates", or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are
based on certain material assumptions and analysis made by the Company and the opinions and
estimates of management as of the date of this press release, including that the Company will receive
the required corporate and regulatory approvals, including TSXV's final approval, that that general
business and economic conditions will not change in a material adverse manner and assumptions
regarding political and regulatory stability in financial and capital markets.
These forward-looking statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such forward-looking
statements or forward-looking information. Important factors that may cause actual results to vary,
include, without limitation, that the Company will not be able to proceed with the NQV Project as
intended, or that the Company does not receive the required regulatory approvals, including the
TSXV's final approval, recent market volatility and potentially negative capital raising conditions, the
conflict in Eastern Europe, the Company's ability to raise the necessary capital or to be fully able to
implement its business strategies and other risks and factors that the Company is unaware of at this
time. Although management of the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements or forward-
looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended.
There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements and forward-looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company
does not undertake to update any forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in accordance with applicable securities
laws.
1
Refer to TSXV Announcement dated 22 August 2023 - Currie Rose Commences Core Drilling at the
North Queensland Vanadium Project in Australia
2
Refer to TSXV Announcement dated 1 November 2022 - Currie Rose Announces Updated Mineral
Resource Estimate at its North Queensland Vanadium Project
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