Stewart, BC — Decade Resources Ltd (“Decade”) and Mountain Boy Minerals Ltd. (“Mountain Boy”) are pleased to announce 3 separate blocks of claims were jointly staked in early February in the Blackwater region of BC. One block adjoins the discovery property owned by Richfield Ventures Ltd. The companies acquired a total of 37,296.28 ha in 80 claims. The properties are readily accessible along a well developed network of established forestry roads in the area.
At Blackwater, disseminated gold-silver mineralization and high-grade gold in shear-hosted veins is reported as being hosted in Jurassic aged Hazelton Group rhyolites. Richfield has recently announced exceptional drill results from its Blackwater Gold Project, including 205m of 2.04 g/t Au (Reported in Stockwatch, January 25, 2011), and 145 metres of 2.70 g/t Au. (Reported in Stockwatch, March 15, 2011). At a base case cut-off grade of 0.40 g/t Au, the estimated global indicated resource is 53.46 million tonnes at an average grade of 1.06 g/t Au containing 1.83 million ounces gold, with an additional 75.45 million tonnes at an average grade of 0.96 g/t Au containing 2.34 million ounces gold in the inferred category. New Gold is now acquiring all of the outstanding common shares of Richfield.
Decade and Mountain Boy plan to explore the different claim blocks as soon as weather conditions permit. The work will include geochemical surveys, geological investigation and exploratory drilling as dictated.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, has prepared this release and is charge of the exploration program on behalf of the companies.
About Decade Resources:
Decade Resources Ltd. is a Canadian based mineral exploration company actively exploring its portfolio of projects in Northern BC. The Company holds an extensive portfolio of exploration projects including: 60% interest in the Red Cliff property; an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north; 100% interest in a large property underlain by copper-gold mineralization in the Kitimat area; claims located over the former Goat Mine, a small producer in the 1970’s, approximately 34 kilometres northeast of Stewart and 5 kilometres north of the Stewart highway (37A) along the BA massive VMS horizon; 70% interest in the Stamp claims adjoining the BA claims hosting the BA massive VMS horizon.
For further information, please contact Investor Relations at 604-681-0710 or [email protected]
ON BEHALF OF THE BOARD
“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.”