Full NR on Web Site
Sep 05, 2012
Vancouver, BC - Decade Resources Ltd. ("Decade") and Mountain Boy Minerals Ltd. ("Mountain Boy") are providing an update on recheck gravimetric assays for high grade gold sections for 2010-2011 drilling for the Red Cliff project in Northwestern British Columbia. The joint venture project is owned 65% by Decade and 35% by Mountain Boy. The Red Cliff is a gold/copper property consisting of 8 Crown Granted mineral claims located 25 miles north of the town of Stewart, British Columbia. The Silver Crown 6 claim in which Decade is earning a 100 % interest is adjacent to the north portion of the crown grants. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim. To date, the Companies have identified 3 separate gold bearing zones called the 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.
The re-assaying indicated several intervals that showed consistent gold values. The greatest increase came in DDH-MON-2011-27 which increased 600 %.
| DDH Number |
Sample # |
From |
To |
Width (m) |
Original
Assay g/t Au |
Recent Assay
g/t Au |
| DDH-MON-2010-27 |
161209 |
45.12 |
46.64 |
1.52 |
35.08 |
25.25 |
| DDH-MON-2011-27 |
E5211965 |
88.41 |
88.72 |
0.30 |
56.97 |
364.07 |
| DDH-MON-2011-29 |
37015 |
80.18 |
80.79 |
0.61 |
43.60 |
42.58 |
| DDH-MON-2011-29 |
37017 |
81.86 |
82.93 |
1.07 |
37.99 |
47.84 |
| DDH-MON-2011-29 |
37021 |
86.59 |
87.80 |
1.22 |
22.39 |
21.51 |
The company will be conducting further gravimetric assay checks in order to make a decision on using gravimetric assaying for all the future holes. The most consistent values were provided by the lab the companies are using at present.
Work in 2012 has shown that the mineralization on the property consists of gold bearing zones within a 30 metre wide shear zone that has been followed for over 2 kilometres in a north-south direction along the property. Anomalous geochemical stream sediment samples to the north of present work indicate a potential for an additional kilometre of strike length. The Red Cliff copper-gold zone is present along the south end of this shear with the Chimney, Road and Waterpump zones in the middle and the Upper Montrose zone at the north end. Modeling of the Upper Montrose zone has shown that high grade gold zones occur as flat lying sections along the dip of the mineralization.
To date the companies have completed a total of 65 holes along the Lower and Upper Montrose zones. Drilling was designed to delineate the extent of high grade gold mineralization in these 2 zones.
During the recent financings by both Decade and Mountain Boy, all assaying was placed on hold pending completion of the fund raisings. Subsequent to this completion of financing, assaying has commenced and assay results for further drill holes are expected within the following week.
All samples are 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.
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 investor@decaderesources.ca.
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.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
"Ed Kruchkowski"
Ed Kruchkowski, President
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
"Ed Kruchkowski"
Ed Kruchkowski, Director