06:45:23 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (2)
Symbol DEC
Shares Issued 125,243,908
Close 2018-01-22 C$ 0.075
Market Cap C$ 9,393,293
Recent Sedar Documents

Decade drills 22.8 m of 10.41 g/t Au at Red Cliff

2018-01-22 09:00 ET - News Release

Mr. Ed Kruchkowski reports

HIGH GOLD VALUES INTERSECTED ON WATERPUMP ZONE ON RED CLIFF PROJECT WITH 10.41 G/T GOLD OVER 22.87 M IN DDH-2017-MON-40

Decade Resources Ltd. has provided 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 kilometres 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 two kilometres. Exploration in 2017 has consisted of drilling, mapping, sampling and assaying additional core from the 2007 to 2012 programs. In the 2017 drill program, five 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 the Red Cliff and Montrose zones were released on Sept. 27, 2017, Oct. 26, 2017, and Jan. 9, 2018 (see SEDAR for details).

Highlights of the latest assays received include:

  • Intersection of 13.88 grams per tonne 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 have been completed by a surveyor. A database with GPS locations for all holes as well as the elevations is presently being established. These 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 database. The company will also use the existing 2007 to 2012 and 2016 to 2017 data to prepare a preliminary resource calculation for the Montrose zone, including the Waterpump zone.

Drill results are summarized below for holes on the Waterpump zone as displayed in the table.


DDH No.        From (m)   To (m) Width (m)   Gold (g/t)
 
DDH-MON-36       57.59    59.63      2.04        19.70
DDH-MON-38       69.21    71.19      1.98         2.40
and              73.38    80.85      7.50        13.88
DDH-MON-38       32.62    35.67      3.05         2.64
and              63.11    63.93      0.82         3.41
and              67.68    87.32     14.63         1.97
and              84.45    89.18      4.72         4.18
DDH-MON-40       88.41   116.46     22.87        10.41
DDH-MON-41       67.16    68.29      1.13         3.42
and              84.45    93.60      7.16         7.21
and              97.56    98.78      1.22          3.0
DDH-MON-42       62.50    64.79      2.29         2.97
DDH-MON-43       72.65    73.11      0.46         8.10
DDH-MON-44       83.08    84.45      1.37        10.96
and             105.79   107.07      1.28         2.23
DDH-MON-45      108.23   108.64      0.46         6.06
and             121.04   130.18       9.1         2.50
DDH-MON-46      101.37   102.99      1.62         9.49
and             139.33   142.38      3.05        11.60

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 postmineral diabase dikes 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 over all. 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 three 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 two km from power and a paved highway."

Ed Kruchkowski, PGeo, 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. Mr. Kruchkowski is not independent of Decade as he is the president of the company.

Decade Resources 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 grassroots 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 which is presently being updated.

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