Vancouver, BC – Decade Resources Ltd. (“Decade”) and Mountain Boy Minerals Ltd. (“Mountain Boy”) are providing the assay results for the last 12 drill holes from the 2012 exploration on the Crown Granted portion of the Red Cliff project in Northwestern British Columbia. The Crown Granted portion of the joint venture project is owned 65% by Decade and 35% by Mountain Boy. The Silver Crown 6 claim in which Decade is earning a 100 % is adjacent to the north portion of the crown grants. To the north of the Silver Crown 6 claim, Mountain Boy owns a 100 % interest in the MB property. The Silver Crown 6 interest is being earned from Teuton Resources Corp and Silver Grail Resources Ltd. subject to a 2% NSR. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim.
The Red Cliff property hosts shear zone and vein-hosted gold-copper mineralization which was mined on a small scale historically. The property has been explored by drill programs in 2007 to present with 73 diamond drill holes completed in 2012. To date, the Companies have identified 4 separate gold bearing zones called the Red Cliff, Upper Montrose, Lower Montrose and Waterpump within the Crown Granted claims. Recent work has exposed mineralization on the Silver Crown 6 claim approximately 650 metres north of Lydden Creek along the boundary with the Montrose Crown Granted claim.
Significant assay results from the latest drilling are listed in the following table:
|DDH No.||From (m)||To (m)||Width (m)||Au g/t|
Hole 62 tested the Upper Montrose zone 50 meters south of hole 61, the latter returning 7.83 g/t gold over a 35.06 meter core length. Significant values vary from 1.47 to 16.82 g/t gold, reflecting the nature of the gold deposition at Red Cliff, where highest grades are associated with structural zones and veins.
The drilling to date at Red Cliff has allowed for a preliminary characterization of the mineralized system as follows:
- Mineralization consists of gold-bearing zones which are hosted by a 30 to 40 meter wide, near vertically-dipping shear zone which can be traced for over 2 kilometers, trending north-south, within the property;
- Gold-bearing mineralized zones, within the shear zone, have been intersected over a vertical distance of approximately 700 meters;
- Multiple gold-bearing mineralized zones have been identified within the wide shear zone;
- Gold is associated with abundant chalcopyrite and pyrite, most commonly in sulphide-bearing veins within the shear as well as gold-bearing stockwork zones outside of the vein systems-one vein intersected by drilling is 5 meters wide;
Red Cliff mineralization intersected to date indicates that the gold-bearing system is open along strike and to depth. The system has characteristics of a mesothermal, or deep-seated system, and as such can be expected to have significant depth continuity in addition to the along-strike continuity which is being shown by drill results. The width of the hosting structure, presence of high grades of gold, zones of stockwork mineralization peripheral to the vein-hosted gold and associated sulphides, and depth extent shown by drilling, indicate significant untested potential within this large system.
Red Cliff is located within the Stewart Gold District, one of the important gold districts in North America. Potential underground exploration on this project would be facilitated by highly-favorable topography, an all-weather road to the site and nearby power.
Important activities planned to advance the project include:
- Complete modeling of the mineralized zones;
- Complete an NI 43-101 of the project;
- Carry out metallurgical testing of the variable facies of gold mineralization;
- Carry out specific gravity testing of the variable mineralization types;
Core was logged with assay intervals determined on the basis of geology and mineralization and then cut in half using a diamond saw with half being sent to the laboratory and half being put back in the core box for future reference. The company employed a system of standards and blanks to ensure assay accuracy. All samples were 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 program on behalf of the Companies and is responsible for the contents of this release. E Kruchkowski has conducted all the exploration on this property from 2007 to present and has logged and overseen the sampling of the core. The QP has used the assay data for the drilling and the drill logs to calculate the gold bearing intervals.
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. 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 Investor Relations at 778-340-1830 or cell at 604-202-6596 as well as email@example.com.
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with diverse property and resource holdings around the Stewart region in British Columbia’s golden triangle. It owns 20% of the Silver Coin project, a gold-silver-base metals project that has a 43-101 compliant resource calculated. The Company is also exploring silver-base metals on its American Creek and Bear Valley properties as well as copper-gold on their Stewart area claims.
For further information, please contact investor relations at 604-202-6596 or Ed Kruchkowski at 250-636-9232 or on the company web page: mountainboyminerals.ca.
The companies are presently in discussions about a financing with several interested groups in regards to funding for the upcoming field season.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
Ed Kruchkowski, President
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
Ed Kruchkowski, Director
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