Stewart, BC — Decade Resources Ltd (“Decade”) reports on the final results for the 2017 drill program on the Red Cliff property. The property is located in the “Golden Triangle” area of British Columbia, 2.5 km from a paved highway and the power grid. Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced over 2 kilometres. Exploration in 2017 has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. In the 2017 drill program, 5 holes were completed on the Red Cliff zone, 35 on the Montrose zone and 11 holes on the Waterpump zone, Results for the drilling on Red Cliff and Montrose zones were released on September 27, 2017, October 26, 2017 and January 9, 2018 (see SEDAR for details).
Highlights of the latest assays received 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.
Drill hole collar locations and elevations for all drilling has been completed by a surveyor. A data base with GPS locations for all holes as well as the elevations is presently being established. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. In addition all additional assays (cutting extra core) from previous holes will be entered into the data base. The Company will also use the existing 2007-2012 and 2016-2017 data to prepare a preliminary resource calculation for the Montrose zone, including the Waterpump zone.
|DDH No.||From(m)||To(m)||Width(m)||Gold g/t|
Drilling was off several panels located 25 m and 50 m south of the surface expression of the zone located along the Lydden Creek canyon. Drilling tested above the surface expression of the zones which is located 150 m vertically below the drill pads. Numerous post mineral diabase dykes were intersected within the zone.
Ed Kruchkowski, president of the Company states: “Results for the Waterpump zone indicate a southern extension for the Montrose that is open to the north at depth, to the south represented by the Waterpump and to depth overall. At present, the gold bearing structure has a length of at least 600 m, a depth of at least 600 m and widths up to 40 m. A historic hole drilled in 1988 indicates that the Waterpump zone extends for at least another 150 m south of the 2017 drilling and to depths at least 150 m below this year’s drilling. This hole intersected 14 m of 3 g/t gold but it has not been verified by the Company. The Company is also excited to be conducting the first ever resource calculation for this property located 2 km from power and a paved highway.”
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 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 at www.decaderesources.ca which is presently being up dated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
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.”