Decade Resources Ltd.: Copper-Gold Results on the Prince John Prospect
27 Avril 2012 - 8:58PM
Marketwired Canada
Decade Resources Ltd. (TSX VENTURE:DEC) ("Decade" or the "Company") reports the
final assay results for the holes drilled on its 100% owned Prince John
prospect, part of the extensive Premier East property in Northwestern British
Columbia.
Highlights include 16.4 metres of 0.93% copper and 1.09 g/t gold in DDH-PJ-2011-2.
The Prince John is a gold/copper prospect located approximately 5 kilometres
north of the town of Stewart, British Columbia, along the west slope of the Bear
River valley. Several malachite stained outcrops and 2 short adits mark the area
of this previously undrilled prospect. The area of the outcrops are in a large
area covered by dense alders, shrubs and small hemlock patches approximately 800
metres above sea level. The adits exposed on a steep hillside are inaccessible
due to caving.
To date, a total of 8 drill holes have been completed to intersect below,
northeast and southwest of exposed outcrops The first hole was lost at 90.85
metres in strong copper mineralization. Fine grained chalcopyrite, bornite and
minor pyrite are associated with strong chlorite alteration of andesitic tuffs.
Local andesite dykes and a late stage syenite dyke were intersected in some of
the drill holes. The Company feels that the mineralization indicates a potential
porphyry copper-gold system at depth beneath the mineralization tested. The
mineralization is on the east side of the Texas Creek Batholith, the same age
and composition of intrusive rocks hosting the porphyry copper-gold
mineralization at Sulphurets and Mitchell Creeks approximately 60 km north of
Stewart. Partial results from the drilling gave assay values as follows:
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DDH No. From (m) To (m) Width (m) Au g/t Cu%
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DDH-PJ-2011-1A 73.02 112.2 39.18 0.28 0.24
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DDH-PJ-2011-2 7.32 57.62 50.3 0.02 0.14
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and 71.65 88.11 16.4 0.93 1.09
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and 88.11 95.43 7.32 0.05 0.26
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DDH-PJ-2011-3 8.84 57.62 48.78 0.02 0.12
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and 57.62 72.65 15.03 0.13 0.32
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and 90.64 100.3 9.66 1.54 0.60
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and 100.3 139.64 39.63 0.02 0.14
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Only assays greater than 0.1% copper are shown in the above table. Holes 4 & 5
were drilled to the west from the other holes into unaltered andesitic rocks and
low copper and gold values were obtained for these holes. Holes 6 to 8 had long
intersections of 0.1 to 0.2% copper with low gold values.
All samples were assayed by AGAT Laboratories of Mississauga, Ontario and Loring
Laboratories of Calgary, Alberta.
In Manitoba, the Company conducted preliminary sampling on as many of the
historic showing that could be located. Some of the more significant sampling is
as follows:
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Sample No. Sample Type Showing Gold Grade g/t
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DT-R-103 10 cm chip Jupiter 33.6
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DT-R-110 Grab Simpson bay 10.3
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DT-R-107 Grab Simpson bay 2.1
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KP-R-216 Grab Simpson bay 5.36
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KP-R-226 Grab Kirra 7.35
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JDS-08 Grab Simpson bay 6.1
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All samples were assayed by Loring Laboratories of Calgary, Alberta.
The Company is having the assessment reports prepared by a consultant and will
be evaluating the recommendations for additional work programs.
The Company is pleased to report that the Vancouver Office relocation has been
completed. The purpose is to make our operations more cost effective and to
assure dedicated attention exclusively to matters affecting the Company.
The drill hole assay result modeling for the Red Cliff project is complete and
will be posted on the web site as soon as possible depending on ability to put
staff on the project.
Drilling has commenced on the Red Cliff project in order to test the Lower
Montrose zone which has never been tested by drilling. The zone has been
intersected in the initial 3 holes and mineralization in these holes is similar
to that described in historical reports.
Ed Kruchkowski, P. Geo., 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.
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 grass roots to advanced
projects. 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.
ON BEHALF OF THE BOARD
Ed Kruchkowski, President
"This news release may contain forward-looking statements. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements."
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