The 2017 Phase I exploration program is underway and includes the following:
- Drill holes to further define and test the Red Cliff copper-gold zones above the underground workings and below DDH-2010 RC-1 (4.42 m of 21.94 g/t Au), DDH-2010-RC-5 (7.32 m of 13.10 g/t Au) and DDH-2010-RC-10 (1.90 m of 29.93 g/t Au). There is a vertical distance of 200 m between the workings and upper drill holes.
- Drill holes to test and extend the zone beneath DDH-2012-61 (35.06 m of 7.83 g/t Au), DDH-2011-27(30.64 m of 14.53 g/t Au) and DDH-2011-28 (13.71 m of 7.90 g/t Au).
- Further work to accurately locate the Waterpump zone, initially using a drone to locate and if needed, use climbers to sample the zone in Lydden Creek.
- Drill holes to the north along the zone to test for extension of the mineralization outlined to date.
- Petrographic studies to aid in rock determinations and help facilitate the planning of drill holes.
Several holes completed to date on the Montrose zone, north of Lydden Creek have intersected a sheared and mineralized intrusive rock with stockworks of galena-sphalerite-chalcopyrite. Within the first hole, drilled at -55 degrees at right angles to the zone, a zone of sheared mineralized intrusive was intersected at 158.5 to 219.5 metres. The second hole from the same set-up, drilled at -60 degrees, intersected sheared and mineralized intrusive from 213 to 274 metres. Visible gold was noted within the numerous galena stringers within 259 m and 264 m within the second hole. Varying amounts of galena stringers are present within the entire mineralized interval. The mineralization within the above 2 holes are similar to that encountered in DDH-2011-27 (30.64 m of 14.53 g/t Au). The reader is cautioned that the results for the 2017 holes have not been obtained and this comparison is for reference purposes due to similar lithologies and proximity to the 2011 drill hole. Photos of some of the mineralization and gold can be viewed on the Company website.
True width of the zones appears to be at least 30 m based on plotting the geology on a cross section. These holes are some of the deepest testing the Montrose zone. Mineralization is open in all directions to these holes.
Drilling is also being carried out by another drill on the Red Cliff zone, located 900 m south from the Montrose zone. Drilling is intersecting quartz with chalcopyrite, pyrite and sphalerite over zones up to 5 m in width.
A quality assurance/quality control program including blanks and standards form part of Decade’s sampling protocol in addition to the laboratory’s own quality assurance program. The field program was supervised by Decade Resource staff and the technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, will be in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.
The Company is pleased to announce it is using its best efforts to complete a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of up to $450,000.
The flow-through offering will be comprised of up to 2,941,176 flow-through units, at a price of $0.085 per flow-through unit, for gross proceeds of up to $250,000. Each flow-through unit will be comprised of one flow-through common share and one transferable non-flow-through common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.11 per share, for a two year period.
The offering of non-flow-through units will be comprised of up to 3,076,923 units, at a price of $0.065 per unit, for gross proceeds of up to $200,000. Each unit will be comprised of one common share and one transferable common share purchase warrant, each warrant being exercisable for the purchase of one additional common share, at a price of $0.09 per share, for a two year period. For information on the offering, please contact Gary Assaly atgarymassaly@hotmail.comor 604-377-7969.
Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website atwww.decaderesources.cawhich is presently being up dated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
“Ed Kruchkowski”
Ed Kruchkowski, President
“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. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently
anticipated in such statements.”
