Decade Resources Drills 6.6 g/t Gold over 11.19 m in DDH-17-MON-31 @ Montrose Zone/ Red Cliff project
TSX VENTURE: DEC
Stewart, BC / January 9, 2018 / JMN Wire / Decade Resources Ltd (TSX.V: DEC) ("Decade") reports on the final results for the Montrose zone on the north side of Lydden Creek from the 2017 drill program. The Red Cliff property is 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. In the 2017 drill program, 5 holes were completed on the Red Cliff zone, 35 on the Montrose zone and 11 holes on the Waterpump zone, Results for the Red Cliff drilling and some of the holes on the Montrose zone were released on September 27, 2017 and October 26, 2017 (see SEDAR for details). Three holes out of the 35 on the Montrose zone were terminated after rod and bit loss in the holes due to faulting. Assay results are for drill holes that were not cut in numerical order. Results are being disseminated as received (see press release from October 26, 2017).
Highlights of the latest assays received include:
- Numerous gold bearing zones within the Montrose structure as seen in DDH-2017-7.
- Intersection of 14.6 g/t gold over 2.20 m in DDH-17-M0N-8.
- Intersection of 13.9 g/t gold over 2.04 m in DDH-17-M0N-31.
- Intersection of 13.7 g/t gold over 3.05 m in DDH-17-M0N-31.
Complete assay results for the Waterpump zone have not been received. Once those have been received and tabulated, results will be released.
Drill hole collar locations and elevations have been completed by a surveyor. A data base with GPS locations for all holes as well as the elevations will be established. This 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 data base. The Company will also use the existing 2007-2012 and 2016-2017 data to prepare a preliminary resource calculation for the Montrose zone.
Drill results are summarized below for holes on the Montrose zone as follows:
|DDH No.||From(m)||To(m)||Width(m)||Gold g/t|
Ed Kruchkowski, president of the Company states: "Results continue to indicate a large and extensive mineralized zone for the Montrose that is open to the north at depth, to the south represented by the Waterpump and to depth overall. 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. The Company is also 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.