Vancouver, BC – Decade Resources Ltd. (“Decade” or the “Company”) reports it has received assay results for the first 6 drill holes completed on the Upper Montrose zone at its Red Cliff project in Northwestern British Columbia. Red Cliff is a gold/copper property consisting of 8 Crown granted mineral claims located approximately 25 miles north of the town of Stewart, British Columbia.
To date, a total of 28 drill holes have been completed to intersect below and southwest of DDH-MON-2009-1-6 and below the furthest southwest holes completed in the 2010 drilling. A total of 14 holes were completed from a lower site while 14 holes have been completed from an upper site. Two plan maps outlining the previous and recent interpretations of the Montrose zone have been added to the Company’s website. A photo showing the direction and location of 2010 drilling as well as the recent 2011 work is also shown on the website. Results of this drilling confirm that the zone does trend southwest-northeast and dips to the northwest and are as follows:
|
DDH No. |
From (m) |
To (m) |
Width (m) |
Au g/t |
|---|---|---|---|---|
|
DDH-MON-11-1 |
162.80 |
164.02 |
1.21 |
2.21 |
|
and |
167.07 |
172.01 |
3.81 |
3.24 |
|
DDH-MON-11-2 |
173.17 |
186.13 |
13.0 |
10.06 |
|
DDH-MON-11-5 |
147.10 |
156.71 |
9.30 |
4.46 |
|
DDH-MON-11-6 |
121.80 |
128.66 |
6.85 |
11.01 |
DDH-MON-11-3 and 4 were in the footwall of the zone and did not intersect the Upper Montrose zone. True widths of the mineralized zone appear to be at least 10 metres in width. Based on the recent drilling, the Upper Montrose zone is open along strike and down dip. The recent drilling has extended the Upper Montrose 100 metres to the south of previous drilling.
Several recently completed holes drilled to the southwest of DDH-MON-11-1 to DDH-MON-11-6 have intersected wide zones of chalcopyrite and pyrite stringer mineralization containing visible gold. Results from these holes are anticipated shortly.
Recent modeling work also indicates that a 2007 drill hole completed 200 metres south of the present drilling is the extension of Upper Montrose zone. This hole intersected 12.8 metres of 2.75 g/t gold with a 3.05 m section assaying 9.22 g/t gold. This indicates that the Upper Montrose is at least 400 metres in strike length.
Drilling is continuing with the expectation of running the program into November. At present, drill pads and access roads are being completed in an attempt to test further to the southwest.
All samples are assayed by AGAT Laboratories of Mississauga, Ontario.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company and has reviewed and approved of the contents of this release.
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. Its properties and projects are primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.
The Company would also like to report the grant of 3,300,000 incentive stock options to certain directors, officers, employees and consultants of the Company at a price of $0.15 per common share, exercisable for a 5 year period.
For further information, please contact Investor Relations at 604-681-0710 or investor@decaderesources.ca
ON BEHALF OF THE BOARD
“Ed Kruchkowski”
Ed Kruchkowski, President
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“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.”