Vancouver, BC – Decade Resources Ltd. (“Decade” or the “Company”) reports it has received assay results for an additional 2 drill holes from its 100% owned Wedeene River property in the Kitimat area of British Columbia. A total of 16 holes tested an area of copper-gold mineralization near the headwaters of the Little Wedeene River. Analyses have also been received for a prospecting program carried out on a small portion of the property.
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 silicification, strong local “potassic” and pervasive “phyllic” alteration zones intruded by strongly epidote altered dykes.
Assay results for the first eight drill holes in 2010 were previously released. Results for DDH-J-9 and DDH-J-10 are as follows:
|
DDH No.
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From (m)
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To (m)
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Width (m)
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Au g/t
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Ag g/t
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Cu %
|
|
DDH-J-9
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8.84
|
66.77
|
57.93
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0.12
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1.91
|
0.31
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DDH-J-10 was drilled to the south, away from DDH-J-1 to 9. The hole intersected numerous late stage granodiorite dykes with narrow pyritic zones and local minor chalcopyrite but returned no significant assays. Assay results for drill holes DDH-J-11 through DDH-J-16 are pending.
To date, all holes have 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. A total of 4,437.50 metres of NQ drilling was completed in 16 holes. DDH-J-16 which was collared 226 metres east of holes DDH-J-1 to DDH-J-15 intersected similar rocks with local silicification and pyrite beneath 40 metres of overburden.
Based on this year’s drilling and surface prospecting, the area of alteration and mineralization has already surpassed 400 metres by 250 metres in size. Due to the extensive overburden that covers an area at least 5 kilometres by 5 kilometres in size, the full extent of the zone is unknown. However based on the airborne magnetic survey flown in 2009 by the Company, the highly altered rocks occur within an area having a low magnetic signature. Using this airborne magnetic data indicates that the area of alteration may cover at least 10 square kilometres. The Company is planning a future program consisting of MMI soil sampling, IP surveys and down hole IP to further define the limits of the copper-gold mineralized zone.
Surface sampling has defined a partially exposed area that had copper values over a distance of 400 metres. Values obtained varied from 0.115% to 0.568% copper hosted by a granodiorite located approximately 5 kilometres south west of the drill area. In addition, numerous other areas of copper bearing rocks were indicated that require further exploration.
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 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.”