Vancouver, BC – Decade Resources Ltd. (“Decade” or the “Company”) reports the final assay results for the holes drilled on its 100% owned Prince John prospect, part of the extensive Premier East property in Northwestern British Columbia.
Highlights include 16.4 metres of 0.93% copper and 1.09 g/t gold in DDH-PJ-2011-2.
The Prince John is a gold/copper prospect located approximately 5 kilometres north of the town of Stewart, British Columbia, along the west slope of the Bear River valley. Several malachite stained outcrops and 2 short adits mark the area of this previously undrilled prospect. The area of the outcrops are in a large area covered by dense alders, shrubs and small hemlock patches approximately 800 metres above sea level. The adits exposed on a steep hillside are inaccessible due to caving.
To date, a total of 8 drill holes have been completed to intersect below, northeast and southwest of exposed outcrops The first hole was lost at 90.85 metres in strong copper mineralization. Fine grained chalcopyrite, bornite and minor pyrite are associated with strong chlorite alteration of andesitic tuffs. Local andesite dykes and a late stage syenite dyke were intersected in some of the drill holes. The Company feels that the mineralization indicates a potential porphyry copper-gold system at depth beneath the mineralization tested. The mineralization is on the east side of the Texas Creek Batholith, the same age and composition of intrusive rocks hosting the porphyry copper-gold mineralization at Sulphurets and Mitchell Creeks approximately 60 km north of Stewart. Partial results from the drilling gave assay values as follows:
|
DDH No.
|
From (m)
|
To (m)
|
Width (m)
|
Au g/t
|
Cu%
|
|---|---|---|---|---|---|
|
DDH-PJ-2011-1A
|
73.02
|
112.2
|
39.18
|
0.28
|
0.24
|
|
DDH-PJ-2011-2
|
7.32
|
57.62
|
50.3
|
0.02
|
0.14
|
|
and
|
71.65
|
88.11
|
16.4
|
0.93
|
1.09
|
|
and
|
88.11
|
95.43
|
7.32
|
0.05
|
0.26
|
|
DDH-PJ-2011-3
|
8.84
|
57.62
|
48.78
|
0.02
|
0.12
|
|
and
|
57.62
|
72.65
|
15.03
|
0.13
|
0.32
|
|
and
|
90.64
|
100.3
|
9.66
|
1.54
|
0.60
|
|
and
|
100.3
|
139.64
|
39.63
|
0.02
|
0.14
|
Only assays greater than 0.1% copper are shown in the above table. Holes 4 & 5 were drilled to the west from the other holes into unaltered andesitic rocks and low copper and gold values were obtained for these holes. Holes 6 to 8 had long intersections of 0.1 to 0.2% copper with low gold values.
All samples were assayed by AGAT Laboratories of Mississauga, Ontario and Loring Laboratories of Calgary, Alberta.
In Manitoba, the Company conducted preliminary sampling on as many of the historic showing that could be located. Some of the more significant sampling is as follows:
|
Sample No.
|
Sample Type
|
Showing
|
Gold Grade g/t
|
|---|---|---|---|
|
DT-R-103
|
10 cm chip
|
Jupiter
|
33.6
|
|
DT-R-110
|
Grab
|
Simpson bay
|
10.3
|
|
DT-R-107
|
Grab
|
Simpson bay
|
2.1
|
|
KP-R-216
|
Grab
|
Simpson bay
|
5.36
|
|
KP-R-226
|
Grab
|
Kirra
|
7.35
|
|
JDS-08
|
Grab
|
Simpson bay
|
6.1
|
All samples were assayed by Loring Laboratories of Calgary, Alberta.
The Company is having the assessment reports prepared by a consultant and will be evaluating the recommendations for additional work programs.
The Company is pleased to report that the Vancouver Office relocation has been completed. The purpose is to make our operations more cost effective and to assure dedicated attention exclusively to matters affecting the Company
The drill hole assay result modeling for the Red Cliff project is complete and will be posted on the web site as soon as possible depending on ability to put staff on the project.
Drilling has commenced on the Red Cliff project in order to test the Lower Montrose zone which has never been tested by drilling. The zone has been intersected in the initial 3 holes and mineralization in these holes is similar to that described in historical reports.
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.
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 grass roots to advanced projects. 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 778-340-1830 or cell at 604-202-6596 as well as 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.”