The Company has received the permit from the Ministry of Mines, allowing drilling for on the Red Cliff project. Drilling of the Waterpump zone has commenced. The drilling is designed to extend the Montrose zone to the south of Lydden Creek and extend the Montrose zone at least another 250 m. 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. Geological mapping and sampling is also underway to define other gold bearing targets and determine the source of the geochemical anomalies north of the Montrose drilling. Surface sampling is also checking for other gold bearing zones parallel to the Montrose zone.
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.
Trenching along the surface projection of the vein exposed it over a strike length of at least 100m. Grab sampling was conducted along the exposed portion of the zone. Based on work in 2014 and 2016, the Bend vein is at least 250 m long and open along strike.
Assays for the Bend drilling are expected within several days and results will be released when received.
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 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.”