Vancouver, BC – Decade Resources Ltd. (“Decade” or the “Company”) reports it has received assay results for an additional 7 holes from its 100% owned Wedeene River property in the Kitimat area of British Columbia.
Analysis of the core shows that chalcopyrite is associated with pyritic zones in highly silicified rocks and assay data to date shows a strong correlation between copper and gold mineralization. The pyritic zones which contain 5-7% pyrite and local chalcopyrite are associated with strong local “potassic” and pervasive “phyllic” alteration zones intruded by strongly epidote altered dykes.
Assay results for these additional 7 holes are as follows:
|DDH No.||From (m)||To (m)||Width (m)||Au g/t||Ag g/t||Cu %|
*** Awaiting assays.
All the above holes bottomed in sericite altered, pyritic rocks hosting the copper-gold mineralization with an apparent increase in overall copper and gold values towards the northeast. A description of the orientation and relationship of the various drill holes is available on the Decade website.
The area of the above drilling has been along the west edge of a large magnetic low outlined in an airborne EM / Magnetic survey flown by the Company earlier this year. The magnetic lows are interpreted as areas that have undergone hydrothermal alteration where the magnetite in the rocks is altered to other iron minerals, namely pyrite. Associated with the magnetic lows are numerous EM anomalies and coincident copper-gold anomalies outlined in regional government geochemical surveys. Based on the alteration and mineralization observed, the Company believes the drilling to date is at the west edge of a large porphyry copper-gold zone. Pictures of the chalcopyrite mineralization from DDH-J-1 can be viewed at http://www.decaderesources.ca.
The Company plans to continue drilling in the area of DDH-2010-J-1 to 10 in order to further define the extent of the copper-gold mineralization. In addition, the Company plans to drill test the various magnetic lows which have coincidental copper-gold geochemical anomalies. At present, the drill equipment is on site awaiting government approval.
Through additional staking, the Wedeene Property has been increased in size to 68,966 hectares in 154 claims. The Company is awaiting the receipt of necessary government permits to accommodate a more extensive drill program.
The mineralization intersected on the Wedeene project is well located being only 14 kilometres from tide water at Kitimat, 6 kilometres from a major power line and 5 kilometres from a railway. Elevations at the property are low enough that exploration can occur year round.
Red Cliff Drilling Update
Decade Resources Ltd., as operator, has indicated that a total of 27 holes have been completed at the south end of the property in the area of the Red Cliff zone. Current drilling is designed to test for extensions of the Red Cliff zone in addition to several massive to semi-massive pyrite-chalcopyrite zones parallel to the Red Cliff mineralization. Assays for the first 5 holes have been released and further results will be released as they are received.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, BC.
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@example.com
ON BEHALF OF THE BOARD
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.”