Stewart, BC — Decade Resources Ltd. (“Decade”) is providing an update on exploration on the Red Cliff, Grassy and Bow property in the prolific “Golden Triangle” area of northwestern British Columbia.
Drilling Started on the Bow Property with Intersections up to 5 m of massive sulphide.
The property consists of 2 claims totaling 471 hectares contiguous with the Crown Granted claims that make up the Scottie Gold mine property in the Skeena Mining Division. The Bow property also adjoins the southeast portion of the Pretium Resource Ltd property which hosts the Brucejack Lake gold deposits
The Company reports that it has drilled a total of 500 m on the Bend vein within the Bow property. The drilling was intended to confirm drill results from the 1980’s as well as check for strike extension along the Bend vein. Drilling was successful in extending the vein 100 m to the east of previous work as well as confirming width and mineralization in the area of previous drilling. Historic work indicated an average true width drill hole intercept and average weighted grade of the holes at 1.97 metres grading 26.13 g/t Au. A drill hole in 1984 assayed 69.82 g/t Au over 4.18 m. A historic resource calculated using a 0.3 g/t cutoff on the Bend vein indicated 20,400 tonnes containing 6,470 oz gold at an average grade of 10.87 g/t Au within 40 m of strike length and 25 m of depth. This resources estimate does not follow the required disclosure for reserves and resources as outlined in National Instrument 43-101 as they were prepared in the 1980’s prior to the implementation of the instrument. The historic resource figures generated by previous work has not been redefined to conform to the CIM approved standards as required in NI 43-101. The resource estimates have been obtained from sources believed to be reliable and are relevant but cannot be verified. No effort has been made to refute or confirm these estimates. They can only be described as historical estimates.
Drilling by Decade intersected massive to semi-massive sulphides over widths up to 5 m within the zone previously tested..
RED CLIFF PROPERTY
On the Red Cliff project, the Company and Mountain Boy Minerals are in joint venture on the Crown Granted portion of the property which is owned 65% by Decade and 35% by Mountain Boy. The Silver Crown 6 claim in which Decade is earning a 100 % interest is adjacent to the north portion of the crown grants. Decade’s interest in the Silver Crown 6 claim is being earned from Teuton Resources Corp. and Silver Grail Resources Ltd., subject to a 2 percent NSR. To the north of the Silver Crown 6 claim, Mountain Boy owns a 100 % interest in the MB property. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim.
The Company plans to explore the area of the Waterpump zone once all necessary permits are received. The Waterpump zone is the faulted off south extension of the Montrose zone that has been drilled in programs from 2007 to 2013. A NI 43-101 compliant report on the above drilling is filed onWWW.Sedar.com. Surface sampling along the exposed Waterpump zone face within the Lydden Creek canyon gave 40.68 g/t Au over 3.05 m in the early 1900’s. Sampling along the cliff face 30 m above the canyon floor in 1987 yielded 12 g/t Au over 8.5 m. Historical data also shows that a drill hole completed in 1988 tested the Waterpump zone yielding a wide intersection averaging 3 g/t Au over 14 m. Within this section several higher grade sections gave 30.17 g/t Au over 0.7m and 13.89 g/t Au over 1.0 m. The drill result was from an intersection 100 m south of and 150 m below the exposed mineralization in the canyon. The reader is cautioned that the above results are historic and have not been confirmed by the Company. These are being used for reference purposes and should not be relied upon. A map showing the area of the Waterpump zone is included in this release.
The Company is also conducting further geochemical sampling to follow up on results obtained earlier in the field season.
The claims are located 5 km east of the former Big Missouri mine and 6 km north of the former Premier gold mine that is being explored by Ascot Resources Ltd. The Grassy property contains approximately 830.20 hectares in 2 separate claims. The Premier mine was a past producer of 2.1 million ounces gold and 44.9 million ounces silver (Minfile information). Ascot has reported on the its exploration activities as follows: “mineralization is focused in a structural zone ranging from 30 metres to 150 metres in thickness, which contains mineralized quartz stockwork, and quartz breccia bodies. Host rocks include both andesites and high-level Premier porphyry intrusives strongly potassic and sericite altered. Individual quartz breccia zones range in thickness from two metres to 50 metres and generally contain higher gold and silver grades, along with lead and zinc values. This system has a known strike length of over 1,600 metres and a dip length of up to 1,200 metres” (Ascot Resource press release August 22, 2014).
Decade claim holdings are within 1200 metres of this large mineralized structure with claims both immediately east and north of this newly developed large zone. Grab sampling on some exposed mineralization in the past exploration by Decade yielded up to 26.5 g/t Au. The Company plans to conduct surface sampling on the Grassy claims.
All Company samples collected are assayed by Loring laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for collecting of the samples reported on as well as the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.
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 basic grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website atwww.decaderesources.cawhich is presently being up dated. For investor information please email@example.com phone at 250-636-2264
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
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.”