Red Cliff Property
On its 65% owned Red Cliff property, Decade as operator has completed 36 drill holes in the area of the Waterpump zone. Twenty four holes were drilled on the zone itself as well as 12 holes testing the gold bearing structure on the property. The holes drilled on the Waterpump were successful in intersecting the zone. Photos of core from DDH-MON-18-21 and DDH-MON-18-22 are shown in the photo gallery in the Red Cliff section of the company website (https://decaderesources.ca/news/projects/red-cliff-property). This afore mentioned mineralization was intersected over 10 m of core length in both holes.
Highlights of assays obtained during the 2017 drill program on the Waterpump include:
- Intersection of 13.88 g/t gold over 7.5 m in DDH-17-M0N-38.
- Intersection of 10.41 g/t gold over 22.87 m in DDH-17-M0N-40.
- Intersection of 7.21 g/t gold over 7.16 m in DDH-17-M0N-41.
High priority samples have been sent to an accredited lab for assays. The Company looks forward to reporting results in the coming weeks.
The drill has been relocated to the north side of Lydden Creek and will continue testing the Montrose zone. Drilling is designed to expand and extend on results at the northern most drilling at depth. Drilling will be north of and below the following drill hole intersections:
- Intersection of 5.18 g/t gold over 12.65 m in DDH-09-M0N-11.
- Intersection of 11.0 g/t gold over 6.86 m in DDH-11-M0N-06.
- Intersection of 28.10 g/t gold over 8.9 m in DDH-11-M0N-09.
- Intersection of 43.91 g/t gold over 7.47 m in DDH-11-M0N-11.
Drilling will test from 150 to 300 m below surface in this area.
The property is located in the “Golden Triangle” area of British Columbia, 2.5 km from a paved highway and the power grid. The property area is among the world’s most prolific mineralized districts, host to past and current mining operations including Scottie Gold, Porter – Idaho, Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper. Pretium is milling in excess of 2700 tonnes per day from the Valley of Kings deposit. It has 1.6 million ounces gold in the proven category (grade 14.5 g/t) and 6.5 million ounces in the probable category (16.1 g/t grade) (Pretium website). Seabridge has 460 million tonnes grading 0.68 g/t gold and 0.17 % copper in the proven category as well as 1,738 million tonnes grading 0.51 g/t gold and 0.22 % copper in the probable category. This reserve is within 4 different deposits (Seabridge website).