Drilling during 2016 was intended to intersect the Waterpump zone, located through previous work, at surface in the 100-200m deep Lydden Creek canyon and one historic drill hole completed in 1988. Exact locations of this historic work were not available to the Company and drill pads were located approximately 200 m higher in elevation and west of the reported showings in Lydden Creek. Drilling intersected wide zones of silicified, pyritic rocks with minor chalcopyrite in 10 of the drill holes completed. Low gold values were obtained from the intersected zone. Upon comparing the previous ICP results from the Montrose zone (Waterpump-south extension) with the 2016 results, it appears that the drilling intersected the Waterloo zone. Results from 2009-2012 drill programs on the north side of Lydden Creek indicate that the Waterloo zone consists of an epidote altered, silicified and pyritic zone carrying chalcopyrite but low gold values. It is up to 50 m wide occurring along the west side of the Montrose zone. The lack of elevated lead, zinc and silver plus the presence of epidote indicate the intersection of the Waterloo zone. The Montrose zone is distinctive in that it contains elevated zinc, lead and silver along with gold.
The 2017 exploration plans will include the following:
- Further work to accurately locate the 1988 drill hole collar in order to locate the area of intersection on the Waterpump as well as the GPS co-ordinate of the zone in the canyon. The drill hole intersection was 150 m below the creek level indicating an extensive zone.
- Drill some holes to test for the source of high geochemical samples on the Silver Crown 6 claim obtained in early 2016 sampling. It is believed that a red gossanous along some steep bluffs is the source of this anomalous gold.
- Drill holes to further define and test the Red Cliff copper-gold zones.
- Model the complete data to aid in future exploration
- If indicated by modelling, complete the first resource study.
To date the drilling indicates 3 separate copper-gold zones; the Red Cliff, Montrose and Silver Crown along a 3 km long shear structure. The accompanying schematic drawing shows the location of the latter two zones. The Montrose zone has been indicated to be over 250 m long with a SW plunge over 400 m of dip and open to depth. It is at least 20-25 m thick with numerous intersections grading over 50g/t gold.
All samples are assayed by Loring laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory. The Company employs a system of known standards and blanks inserted into the sample stream to monitor lab results.
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 atwww.decaderesources.cawhich 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
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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.”