Decade Resources: Drilling Intersects Visible Gold at Red Cliff Property in Golden Triangle
TSX VENTURE: DEC
Stewart, BC / October 31, 2017 / JMN Wire / Decade Resources Ltd (TSX.V: DEC) ("Decade") reports that the 2017 drill program is testing the Waterpump zone (faulted extension of the Montrose zone) on the Red Cliff property located in the "Golden Triangle" area of British Columbia.
On the Red Cliff project, the Company and Mountain Boy Minerals are in joint venture on the Crown Granted portion of the property which is owned 65% by Decade and 35% by Mountain Boy. The Silver Crown 6 claim, in which Decade is earning a 100 % interest, is adjacent to the north portion of the crown grants. To the north of the Silver Crown 6 claim, Mountain Boy owns a 100 % interest in the MB property. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim.
Mineralization encountered in the present drilling is the first intersection by the Company on the Waterpump zone. The Company was able to locate the exact position of this zone by using rock climbing geologists to obtain GPS co-ordinates. Drilling indicates weak sphalerite-galena-chalcopyrite veining in the wall of a strong breccia that contains quartz-pyrite-minor chalcopyrite over 15-20 m true width. Quartz-sulphide forms from 10-30 % of the breccia zone. Visible gold has been observed in sphalerite-galena-chalcopyrite veinlets as well as in quartz-pyrite veinlets. Sampling in 1973, yielded 40.68 g/t gold over 3.05 m with grab sampling up to 170.2 g/t gold. In 1987, sampling returned 12 g/t gold over 8.5 m along an area located 30 m above the 1973 sampling. The Company has verified the high grade nature of the zone with the 2017 sampling by the rock climbers which gave 19.9 g/t gold over 4m along part of the structure.
Drilling is continuing as the area of exploration is located at low elevations. The Company has completed 4 holes on the Waterpump and is expecting to complete at least another 4 to 6 holes. These hole locations will be surveyed and data will be entered into the new model. Additional assay data from cutting and sampling historic holes will also be used.
Assay results from the Montrose drilling are expected shortly and will be released when the Company receives and tabulates the results.
A diagram of the Waterpump zone is attached based on 1987 exploration. The Company has determined that the zone is a north-south structure. In addition to the diagram, a photo showing the Waterpump zone is attached. The photo shows the rusty zone with the constructed drill access road.
Ed Kruchkowski, president of the Company states: "Results continue to indicate a large and extensive mineralized zone for the Montrose that has a length of at least 600 m of depth, 600 m of strike length and widths up to 40 m. The zone is open to depth and along strike. The Company is excited to be conducting the first ever resource calculation for this property located 2 km from power and a paved highway."
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.