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Enter Symbol
or Name
USA
CA



Currie Rose Resources Inc (2)
Symbol CUI
Shares Issued 35,701,313
Close 2014-10-22 C$ 0.01
Market Cap C$ 357,013
Recent Sedar Documents

Currie Rose, Trueclaim receive Scadding mining permit

2014-10-23 15:10 ET - News Release

Mr. Harold Smith reports

Currie Rose Resources Inc. has provided an update on its Scadding property, owned 51 per cent by Trueclaim Exploration Inc.'s Trueclaim Resources Inc. and 49 per cent by Currie Rose Resources.

Trueclaim Exploration's joint venture partner Shoreline Resource Management Inc. (SRMI) has filed its certified closure plan and received its mining permit for the Scadding tailings project as follows.

The permit was issued under Section 141(4)(a) of the Mining Act, R.S.O. 1990. This will allow the joint venture to proceed immediately to production.

The joint venture between TRM and SRMI is 60 per cent -- SRMI/40 per cent -- TRM, and SRMI provides the necessary funds and provides operational capability/mining expertise to earn its interest.

Byron Coulthard, TRM's chief executive officer, commented, "This is a major step forward in the development plan for the Scadding property and has the potential to generate considerable revenue to TRM in the short term." SRMI is working diligently to bring the project into production as soon as possible.

TRM would like to thank all of those that participated in the permitting process and particularly the management of Shoreline Resource Management, the Wahnapitae First Nations (Takgainini technical and environmental services group), the government ministries and the local community for their support in achieving this significant milestone.

This is an extremely important step forward, as TRM continues to move ahead with its business plan to focus on near-term production and be a self-revenue generator, which will enable the company to keep a tight share structure and minimize dilution to shareholders.

We seek Safe Harbor.

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