Gold-Hosting Structural Zone Extended on Red Cliff Property: Up to 16.82 g/t Gold Over 2.74 Meters Returned From Latest Drill...
11 Avril 2013 - 3:30PM
Marketwired Canada
Decade Resources Ltd. ("Decade") (TSX VENTURE:DEC) and Mountain Boy Minerals
Ltd. ("Mountain Boy") (TSX VENTURE:MTB) are providing the assay results for the
last 12 drill holes from the 2012 exploration on the Crown Granted portion of
the Red Cliff project in Northwestern British Columbia. The Crown Granted
portion of the joint venture project is owned 65% by Decade and 35% by Mountain
Boy. The Silver Crown 6 claim in which Decade is earning a 100 % 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 Silver Crown 6
interest is being earned from Teuton Resources Corp and Silver Grail Resources
Ltd. subject to a 2% NSR. The Red Cliff Extension claim owned 100 % by Decade is
along the east side of the Silver Crown 6 claim.
The Red Cliff property hosts shear zone and vein-hosted gold-copper
mineralization which was mined on a small scale historically. The property has
been explored by drill programs in 2007 to present with 73 diamond drill holes
completed in 2012. To date, the Companies have identified 4 separate gold
bearing zones called the Red Cliff, Upper Montrose, Lower Montrose and Waterpump
within the Crown Granted claims. Recent work has exposed mineralization on the
Silver Crown 6 claim approximately 650 metres north of Lydden Creek along the
boundary with the Montrose Crown Granted claim.
Significant assay results from the latest drilling are listed in the following
table:
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DDH No. From (m) To (m) Width (m) Au g/t
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DDH-2012-MON-62 80.49 82.01 1.52 2.05
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and 90.49 93.60 3.11 2.92
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and 103.35 108.69 5.33 1.62
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and 115.55 118.60 3.05 1.47
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DDH-2012-MON-63 60.67 63.41 2.74 16.82
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DDH-2012-MON-71 23.78 26.83 3.05 2.63
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and 42.07 45.12 3.05 15.61
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DDH-2012-MON-73 135.37 136.28 0.91 2.85
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and 257.1 258.02 0.91 22.8
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and 271.04 272.71 1.68 19.7
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and 290.85 292.99 2.13 2.25
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Hole 62 tested the Upper Montrose zone 50 meters south of hole 61, the latter
returning 7.83 g/t gold over a 35.06 meter core length. Significant values vary
from 1.47 to 16.82 g/t gold, reflecting the nature of the gold deposition at Red
Cliff, where highest grades are associated with structural zones and veins.
The drilling to date at Red Cliff has allowed for a preliminary characterization
of the mineralized system as follows:
-- Mineralization consists of gold-bearing zones which are hosted by a 30
to 40 meter wide, near vertically-dipping shear zone which can be traced
for over 2 kilometers, trending north-south, within the property;
-- Gold-bearing mineralized zones, within the shear zone, have been
intersected over a vertical distance of approximately 700 meters;
-- Multiple gold-bearing mineralized zones have been identified within the
wide shear zone;
-- Gold is associated with abundant chalcopyrite and pyrite, most commonly
in sulphide-bearing veins within the shear as well as gold-bearing
stockwork zones outside of the vein systems-one vein intersected by
drilling is 5 meters wide;
Red Cliff mineralization intersected to date indicates that the gold-bearing
system is open along strike and to depth. The system has characteristics of a
mesothermal, or deep-seated system, and as such can be expected to have
significant depth continuity in addition to the along-strike continuity which is
being shown by drill results. The width of the hosting structure, presence of
high grades of gold, zones of stockwork mineralization peripheral to the
vein-hosted gold and associated sulphides, and depth extent shown by drilling,
indicate significant untested potential within this large system.
Red Cliff is located within the Stewart Gold District, one of the important gold
districts in North America. Potential underground exploration on this project
would be facilitated by highly-favorable topography, an all-weather road to the
site and nearby power.
Important activities planned to advance the project include:
-- Complete modeling of the mineralized zones;
-- Complete an NI 43-101 of the project;
-- Carry out metallurgical testing of the variable facies of gold
mineralization;
-- Carry out specific gravity testing of the variable mineralization types;
Core was logged with assay intervals determined on the basis of geology and
mineralization and then cut in half using a diamond saw with half being sent to
the laboratory and half being put back in the core box for future reference. The
company employed a system of standards and blanks to ensure assay accuracy. All
samples were assayed by Loring laboratories of Calgary, Alberta. It is an
ISO9001 certified laboratory.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101,
is in charge of the exploration program on behalf of the Companies and is
responsible for the contents of this release. E Kruchkowski has conducted all
the exploration on this property from 2007 to present and has logged and
overseen the sampling of the core. The QP has used the assay data for the
drilling and the drill logs to calculate the gold bearing intervals.
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. 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.
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with
diverse property and resource holdings around the Stewart region in British
Columbia's golden triangle. It owns 20% of the Silver Coin project, a
gold-silver-base metals project that has a 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American Creek and Bear
Valley properties as well as copper-gold on their Stewart area claims.
The companies are presently in discussions about a financing with several
interested groups in regards to funding for the upcoming field season.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
Ed Kruchkowski, President
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
Ed Kruchkowski, Director
"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."
FOR FURTHER INFORMATION PLEASE CONTACT:
Decade Resources Ltd.
Investor Relations
778-340-1830 or Cell: 604-202-6596
investor@decaderesources.ca
www.decaderesources.ca
Mountain Boy Minerals Ltd.
Ed Kruchkowski
250-636-9232
www.mountainboyminerals.ca
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