Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.

October 26, 2009 09:16 ET

Decade Resources Ltd.: 12.65 Metres Grading 5.27 Grams Per Tonne Gold Intersected in DDH-Mon-2009-11

STEWART, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - Decade Resources Ltd. ("Decade" or the "Company") (TSX VENTURE:DEC) reports it has completed thirty one (31) diamond drill holes on the Montrose zone within the Waterloo and Little Pat Fraction Crown Granted claims of the Red Cliff project in northwestern British Columbia. Drilling continues to intersect zones of mineralization in an extension to the gold bearing Montrose zone, a stockwork of quartz-chalcopyrite-pyrite stringers occurring along a 30 metre wide shear zone. Strong disseminated and fracture filled pyrite mineralization as well as galena-sphalerite-visible gold form an envelope to the above stockwork mineralization. The only surface exposures of the Montrose Zone occurring along the canyon walls of Lydden Creek are up to 30 metres wide.

Assays have been received for DDH-Mon-2009-7 to DDH-Mon-2009-11 and DDH-LC-2009-4 and DDH-LC-2009-5. Holes DDH-Mon-2009-7 and DDH-Mon-2009-8 were drilled 100 metres northeast of discovery hole DDH-MON-2009-1 and were collared too far east to intersect the Montrose zone. DDH-Mon-2009-9 and DDH-Mon-2009-10 are collared 30 metres north and 15 metres east of DDH-Mon-2009-1. DDH-Mon-2009-11 was located 40 metres lower in elevation and 150 metres east of DDH-Mon-2009-5 and DDH-Mon-2009-6. DDH-LC-2009-4 and 5 were drilled in Lydden Canyon just north and above some small underground workings. These holes are approximately 400 metres south of drill holes DDH-Mon-2009-1 to DDH-Mon-2009-10.

Intense epidote alteration occurs in the immediate vicinity of the mineralized zones, particularly along the west edge of the Montrose Zone in DDH-Mon-2009-1 to DDH-Mon-2009-6, DDH-Mon-2009-10 and DDH-Mon-2009-11. This intense alteration is also present in the area of DDH-LP-2009-1 to DDH-LP-2009-6 drilled on the south side of Lydden Creek. It is also observed in the west edge of drill holes in Lydden Creek. Logging of core has also identified silicified and mineralized intrusive rocks in the Mon and LP holes.

Drilling in DDH-Mon-2009-7 and DDH-Mon-2009-8 intersected weakly sericite altered rocks with associated pyrite mineralization. Low, but anomalous, gold values were obtained for these 2 holes.

DDH-Mon-2009-9 and DDH-Mon-2009-10 intersected three (3) separate mineralized zones. The first zone consisted of galena-pale green sphalerite-chalcopyrite and pyrite mineralization in stringers and semi-massive veins near the top of the holes. This mineralization corresponds to the galena-sphalerite mineralization along the east edge of the Montrose Zone in DDH-Mon-2009-1 to 4. The Montrose zone consisting of quartz-chalcopyrite-pyrite stockworks were intersected in both holes. Both holes then intersected a silicified, highly pyritic zone with minor chalcopyrite at depth to the west which appeared to be thickening with depth as well as having a east dip parallel to the Montrose Zone. Anomalous gold in the deep silicified zones assayed up to 0.63 g/t gold. The gold content appeared to be increasing with depth.

Previous surface work has identified three (3) separate mineralized zones to the west of the Montrose Zone. The farthest west zone had values up to 3 g/t gold from samples taken over 25 metres of width in this past work. It appears that both DDH-Mon-2009-9 and 10 were not drilled deep enough to intersect this farthest west zone. DDH-Mon-2009-11 intersected the Montrose Zone 200 metres below surface and 150 metres below DDH-Mon-2009-5 and DDH-Mon-2009-6. The zone consisted of a quartz-chalcopyrite-pyrite stockwork with fine visible gold observed in 5 separate locations within the intersection. This hole indicates a large potential for the zone in this area based on the outlined dimensions.

DDH-LC-2009-4 and DDH-LC-2009-5 intersected brecciated, weakly silicified andesite tuff with minor pyrite and chalcopyrite stringers over 25 metres in width.

Gold assay results for DDH-2009-MON-9 to 11 are as follows:



-------------------------------------------------------
Interval
From To Length Gold
DDH (m) (m) (m) (g/t)
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Mon-2009-9 9.15 15.85 6.71 4.98
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And 36.28 39.33 3.05 1.24
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And 42.38 57.62 15.24 5.69
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Mon-2009-10 7.16 13.11 5.95 2.15
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And 42.99 57.62 14.63 1.89
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Mon-2009-11 191.01 203.66 12.65 5.27
-------------------------------------------------------


Anomalous gold values were intersected in DDH-LC-2009-4 and DDH-LC-2009-5 with highest gold value being 1.92 g/t over 3.05 metres. It appears that post mineral dykes have disrupted the zone in this area.

To date, mineralization has been outlined over 1.5 kilometres of strike. This distance extends from the area of DDH-Mon-2009-1 to DDH-Mon-2009-11 to the portals at the south end of the property along Lydden Creek. At the south end of the claims, parallel copper-gold zones are indicated in the portal area of the original Red Cliff mine workings. To date, exploration has only tested a very small portion of this system.

Core logging, cutting and sampling of DDH-LC-2009-1 to DDH-LC-2009-3, DDH-LC-2009-6 to DDH-LC-2009-14 and DDH-LP-2009-1 to DDH-LP-2009-6 is progressing with the insertion of blanks and standards to ensure quality control in the assaying. Samples from DDH-LP-2009-1 to DDH-LP-2009-3 are at the laboratory and results will be received within the next 7-10 days.

Drilling will continue as long as the weather permits.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the company. All samples are assayed by Assayers Canada of Vancouver, BC.

Decade Resources Ltd is a Canadian based mineral exploration company which is actively seeking opportunities in the resource business. The Company holds an option to earn up to a 60% interest in the Red Cliff property with an option to earn an additional 20%, dependent on Mountain Boy shareholder approval, by making certain cash and share payments to Mountain Boy Minerals Ltd and incurring exploration expenditures. Decade also has an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north.

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."

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Contact Information

  • Decade Resources Ltd.
    Andrew Bowering
    604-662-8184