For What Its Worth? 2014-04-01 09:24 ET - News Release
Mr. Ed Kruchkowski reports
2013 BOW PROPERTY EXPLORATION INDICATES STRONG CORRELATION BETWEEN VISIBLE GOLD AND MOLYBDENUM IN 2 VEINS.
During the 2013 field season, an extensive program of mapping, sampling, prospecting, trenching and diamond drilling was completed on Decade Resources Ltd.'s Bow property. The property consists of two claims totalling 471 hectares located 50 kilometres north of Stewart in the Skeena mining division. It is contiguous with the Scottie gold mine Crown-granted claims that host the former Scottie gold mine. This mine, which operated from 1981 to 1985, milled vein material averaging 16.20 grams per tonne gold, producing 2,967,748 grams of gold (95,426 ounces gold) from 183,147 tonnes of mineralization. Previous work has indicated in excess of 13 different gold-bearing veins in the Bow claim-Scottie gold mine area.
The Bow property is located along volcanic rocks on the boundary with the Summit Lake stock, part of the Texas Creek plutonic suite in the Stewart area. This suite of rocks is related to alteration and mineralization at the former producing Premier mine (produced two million ounces gold) 20 km south of the property and the KSM copper-gold porphyries and Brucejack Lake gold deposits (Valley of the Kings deposit contains 1.2 million ounces of gold in the measured mineral resource category (two million tonnes grading 19.3 g/t gold); 7.5 million ounces of gold in the indicated mineral resource category (13.4 million tonnes grading 17.4 g/t gold); and 4.9 million ounces of gold in the inferred mineral resource category (5.9 million tonnes grading 25.6 g/t gold -- SEDAR)) 20 kilometres north of the property.
Previous exploration had outlined three zones on the Bow property; namely the Bend, Blueberry and Road (now called the Oro Grande) veins. These are banded quartz-carbonate veins mineralized with gold-bearing pyrrhotite, pyrite, chalcopyrite, galena and sphalerite occurring as en echelon fracture fillings in an east-west direction. Veins can be up to five metres in width but generally average two to three metres. The Bend vein has been drill tested along 100 metres of strike length and 50 metres of depth. A historical inferred resource was outlined in the drilled portion that included 18,200 tonnes at 10.97 g/t gold. This resource is historical and has not been confirmed through drilling and sampling by the company. These numbers are for reference purposes only and should not be relied upon. Examination of historical longitudinal sections indicates that mineralization is open along strike and to depth from the above drilling on the Bend vein.
Highlights of the exploration program include the following.
Drilling of the Oro Grande and Blueberry vein areas
This drilling intended to check for any down-dip extension of the Oro Grande vein and east and down-dip extension of the Blueberry vein. The drilling program indicated that the Oro Grande vein had a down-dip extension. Drilling intersected the Blueberry vein with intersections of massive pyrrhotite and pyrite. The drilling to the east of the Blueberry vein exposure indicated several different dikes in the area; namely a microdiorite and mineralized felsic dike. Due to the intersection of a small core length of felsic mineralized dike, trenching was carried out to expose the possible strike direction of this dike. Trenching exposed a mineralized north-south dike parallel to drill direction located at the east end of the Blueberry vein. This dike was cut by numerous postmineral microdiorite dikes trending east-west. The mineralized dike was up to four m wide containing stringers of massive pyrrhotite-pyrite-molybdenite and local massive arsenopyrite lenses. Sulphide content was approximately 20 per cent of the mineralized dike. Coarse visible gold is present along the stringers associated with the molybdenite. Upon discovery of this mineralized dike, trenching was carried out in the general area indicating several other parallel north-south mineralized structures south of the Blueberry vein. Trenching was conducted along 15 m of strike length. Soil geochemical surveys in previous exploration conducted in 1984 indicated up to 12.5 g/t gold in soils up to 50 m north of the trenched area. The company has not verified these data and this information is used for reference purposes only.
The company also discovered a large silicified and pyritic area approximately 200 m east of the Bend vein that could possibly host large low-grade gold mineralization. Numerous massive arsenopyrite cobbles are present in the overburden in this location. Due to the ice direction from west to east, these cobbles may indicate an easterly extension of the Bend vein. Approximately 200 m east of this area, anomalous gold-copper-molybdenum values were obtained in the above 1984 soil sampling survey. An outcrop with massive to semi-massive pyrrhotite-pyrite occurs 100 m south of the Bend vein.
Discovery of a new vein up to two m wide along 230 m of strike that hosts arsenopyrite, pyrrhotite, pyrite and chalcopyrite. A second vein with semi-massive pyrrhotite over four m of width is located 75 m south of the first vein.
Fine visible gold is present in bluish quartz fragments within a matrix of massive pyrrhotite-pyrite on the A adit dump as indicated in the March 18, 2014, press release. Exploration in 2014 will attempt to locate the source of the mineralized dump material.
Core is presently being logged and will be sent to the laboratory upon completion of cutting.
Ed. Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company and is responsible for the contents of this release. Mr. Kruchkowski has conducted all the exploration on behalf of the company on this property and was responsible for all the logging and sampling.
We seek Safe Harbor.
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