Vancouver, BC – Decade Resources Ltd. (“Decade” or the “Company”) reports it has received assay results for a further 3 drill holes completed on the Upper Montrose zone at its Red Cliff project in Northwestern British Columbia. The Red Cliff is a gold/copper property consisting of 8 Crown granted mineral claims located 25 miles north of the town of Stewart, British Columbia. Based on the 2011 expenditures, decade has now earned a 65% interest and the joint venture partner Mountain Boy Minerals has a 35% interest. The 2011 field season has extended the gold bearing zone 500 metres along strike and 250 metres of depth. It remains open in all directions. The 2011 drilling has greatly aided in defining the strike and dip of the Upper Montrose zone as well as its configuration.
Areas tested by the 2011 drilling are found at the company’s website at www.decaderesources.ca. Complete assay results will be posted as soon as all assays have been received.
A total of 44 drill holes were completed to intersect below and southwest of DDH-MON-2009-1-6 and below the furthest southwest holes completed in the 2010 drilling. The assays for DDH- MON-11- 1 to 38 excluding 30, 33 and 35 have been announced in previous releases. The following results are for holes that were completed west of DDH-MON 2009-1 to 6. Results of the latest holes shows a continuation of high gold values to the west in a down dip direction as follows:
|
DDH No. |
From (m) |
To (m) |
Width (m) |
Au g/t |
|
|---|---|---|---|---|---|
|
DDH-MON-11-20 |
23.78 |
27.13 |
3.35 |
3.33 |
|
|
and |
48.17 |
51.22 |
3.05 |
3.16 |
|
|
and |
142.68 |
145.73 |
3.05 |
3.25 |
|
|
DDH-MON-11-23 |
49.24 |
54.27 |
5.03 |
9.99 |
|
|
and |
55.18 |
56.71 |
1.53 |
3.70 |
|
|
and |
57.32 |
58.99 |
1.67 |
3.20 |
|
|
and |
62.35 |
72.56 |
10.21 |
4.47 |
|
|
DDH-MON-11-28 |
102.90 |
104.88 |
1.98 |
12.26 |
|
|
and |
112.2 |
125.91 |
13.71 |
7.91 |
|
|
and |
150.91 |
153.81 |
3.05 |
4.42 |
|
Assay results for a further 9 holes has yet to be received. Modeling of the mineralization of data received and that yet to be received was commissioned some time ago and is now well underway. Using present information and the information obtained from the modeling, the company plans an aggressive 2012 exploration season which will include but not be limited to the following:
- Drilling the Upper and Lower Montrose zones off existing roads, as well as any new roads completed southwest of the Upper Montrose zone along Lydden Creek. The company plans to drill 100 to 150 holes during the coming field season.
- Modeling of the mineralization utilizing all data received to date.
- Surveying all relevant drill hole collars.
- Prepare a 43-101compliant resource estimate upon completion of the 2012 drilling.
- Evaluate the area of a historical drill hole from the 1980’s, south of the present drilling which assayed 13.10 m of 3.08 g/t gold. The hole was located SW of the Waterpump zone exposed in Lydden Creek.
- Determine if the Waterpump zone which assayed 12.0 g/t gold over 8.5 metres in a historical trench is a separate NE trending zone. The company reports that the above assay results have not been confirmed and should be used for reference purposes only. If the Waterpump zone is a separate NE- SW trending zone, the above historical drill hole assay may indicate an extension to the SW and would indicate a potential 3 separate gold bearing zones which would greatly add to the overall potential of the property.
All samples are assayed by Loring laboratories of Calgary, Alberta.
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 is responsible for the contents of this release. E Kruchkowski has conducted all the exploration on this property from 2007 to present and has logged and overseen the sampling of the core
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.
For further information, please contact John Van Duzen 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.”