Decade Resources Drills 4.12 Metres of 19.9 g/t Gold at Red Cliff Project
TSX VENTURE: DEC
September 27, 2017 / JMN Wire / Decade Resources Ltd ("Decade") reports that an exploration program is ongoing on the Red Cliff property located in the "Golden Triangle" area of British Columbia. Exploration during the 2017 field season indicates that the Red Cliff property hosts a large mineralized system that has been traced for several kilometres. Exploration to date has consisted of drilling, mapping, sampling and assaying additional core from the 2007-2012 programs. Drilling has been aimed at checking for extensions of the copper rich Red Cliff zone as well as extending the Montrose gold-copper zone. To date 5 holes were completed on the Red Cliff zone and 28 on the Montrose zone, approximately 1.2 km north from the first 5 holes.
- Indication of multiple gold bearing sections within the Montrose zone.
- Extension of the Montrose to depth and along strike.
- Intersection of 19.9 g/t gold over 4.12 m at 311 m depth in DDH-17-M0N-5.
- Chip sampling of 19.2 g/t gold over 4 m on the Waterpump zone
- Chip sampling of 390 g/t gold over 5 m on the Lower Montrose zone.
During the 2017 program, exploration was aimed at the following:
- Testing for depth extent of gold mineralization below previous drilling on the Montrose zone.
- Extending the copper-gold mineralization at the Red Cliff zone.
- Completing the surface geological mapping.
- Locating and sampling the Waterpump zone.
- Locating additional mineralization in the area of drilling.
- Sampling previous drill holes from 2007-2016 that had weakly mineralized intrusive.
The sampling program on the untested drillhole portions in previous drilling from 2007-2016 has resulted in a large volume of samples sent to the lab in addition to samples from the 2017 drilling. Results are now available for 10 holes from the 2017 drilling; 5 on the Red Cliff zone and 5 on the Montrose zone.
Drill results are summarized below for the first holes on the Montrose as follows:
|DDH No.||From||To||Width||Gold g/t|
DDH-17-MON-1 & 2 contained 1-2 g/t gold over 1-2 m sections. Visible gold has been noted in 5 other drill holes completed on the Montrose zone.
Drill results are summarized below for the first holes on the Red Cliff as follows:
|DDH No.||From||To||Width||Copper %||Gold g/t|
DDH-17-RC-1, 2 and 3 contained low values.
The geological and surface sampling work carried out in 2017 indicates that the mineralization within the Montrose area is complex and may consist of several zones within a wide interval of altered rocks. It is associated with a zone of latite intrusives that have highly altered the adjoining country rock so that contacts are obscure. Fine grained pyrite is present throughout the mineralized zones in amounts from 1-10 %. Later veining within the intrusive and contact areas consists of zones of sphalerite-galena-minor chalcopyrite veinlets. Fine visible gold is commonly noted in these veinlets. A later stage of chalcopyrite-pyrite --quartz veins are present along the west side of the mineralized zone. Coarse visible gold is commonly present in the later mineralization. The Montrose zone is an north-south trending zone that has cross-cutting veins from to 2 m to 5 wide that trend east-west for at least 25 metres into the wall zones. Within the Lower Montrose portion of the Montrose, massive sulphide veins up to 2.5 m wide had reported assays up to 270 g/t gold while 25 m east, sampling had shown assays up to 49 g/t gold over 0.5 m. This is historic sampling which has not been verified by the Company. It is used for reference purposes. The Company had a crew of climbers that has identified the location of the Waterpump zone as well as sampling across this zone. Historic surface sampling has indicated 12 g/t gold over 8 m along the Lydden Creek canyon. This is historic sampling which has not been verified by the Company. It is used for reference purposes.
The Company carried out its own sampling on the Lower Montrose and Waterpump zones with highlights of some of the sampling as follows:
|Zone||Sample Type||Gold g/t|
|Lower Montrose||5 m chip||390|
|Lower Montrose||4 m chip||35.7|
|Waterpump||4 m chip||19.2|
Sampling by climbing crew in Lydden Canyon
To date, gold bearing mineralization has been identified over 2 km of strike length with the Red Cliff zone to the south and the Montrose zone to the north. The Montrose, Lower Montrose and Waterpump zones are considered to be one zone that has been displaced by faulting. Also, within the Montrose zone, faulting appears to have resulted in repeat sections of mineralization. As well, there appears to be a wide mineralized splay that strikes SW from the main Montrose zone, resulting in wide target areas that are gold bearing over 50 m of width. From the Waterpump zone to the north end of the identified Montrose zone, mineralization extends to over 600 m of strike length and at least 600 m of depth and is open along strike and depth. It extends from the ridge top hosting the Montrose zone at 725 m elevation to 125m elevation as shown by DDDH-12-11. Width of the gold bearing zone varies from 5 to 40 m with an average of 22 m.
The Company plans to continue drilling to test several areas prior to completion of the program: Drilling will include:
- At least 6-8 holes on the Waterpump zone.
- Several holes to the west of the main Montrose zone, checking the indicated splay.
- Continued deep holes beneath the main Montrose zone.
Drilling will continue for the next 6 weeks as elevations are low and abundant water is available for drilling.
Samples for the 2017 exploration program are cut in half with a diamond saw, with one-half placed in sealed bags and shipped to ActLabs in Kamloops, B.C., for sample preparation and for gold and multielement ICP analysis. A quality control/quality assurance program, including the insertion of standards and blanks, has been implemented.
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.