Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.

October 01, 2009 11:42 ET

Decade Resources Ltd.: 24.7 Metres Grading 20.87 Grams Per Tonne Gold Intersected in DDH-MON-2009-6

STEWART, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) - Decade Resources Ltd. ("Decade" or the "Company") (TSX VENTURE:DEC) reports that diamond drilling continues to intersect wide zones of gold mineralization in an extension to the bonanza gold bearing Montrose zone at its Red Cliff project in Northwestern British Columbia. Locally fine visible gold is associated with 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.

To date, eleven (11) diamond drill holes have been completed on the Montrose zone within the Waterloo Crown Granted claim on the north side of Lydden Creek. Decade has previously released gold assay results for DDH-Mon-2009-1 to DDH-Mon-2009-4, drilled 500 metres north of the Montrose exposure in canyon walls. DDH-Mon-2009-5 and DDH-Mon-2009-6 were drilled 30 metres south of the first pad to test for depth and southern extensions of mineralization intersected near the top of the first 4 holes. Gold assay results for DDH-2009-MON-5 and 6 are as follows:



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Interval
DDH From (m) To (m) Length (m) Au g/t
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Mon-2009-5 38.72 78.35 39.63 4.75
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and 87.50 96.18 9.15 1.67
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Mon-2009-6 53.66 108.84 55.18 9.64
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Including 53.66 78.36 24.7 20.87
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Including 53.66 57.32 3.66 38.71
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Including 69.36 71.49 2.13 142.2
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The true width of the Montrose zone appears to be 30 metres, similar to that exposed in Lydden Creek.

The drill has been moved from the north side of Lydden Creek to test approximately 700 metres south of DDH-Mon-2009-1 to DDH-Mon-2009-10 on the Little Pat Fraction while the company applies for permits to construct further roads and drill pads north of the above holes. During the move, the Company collared DDH-Mon-2009-11 approximately 150 metres east and 100 metres below discovery hole DDH-Mon-2009-1 to test for the Montrose zone at depth. The hole intersected a quartz-chalcopyrite-pyrite stockwork approximately 200 meters below surface and 150 metres below the Montrose zone intersected in DDH-Mon-2009-1 to DDH-Mon-2009-4. The Montrose zone in DDH-Mon-2009-11 consists of chlorite-sericite altered rocks containing a quartz-sulphide stockwork that was intersected over a width of 20 metres. The mineralization encountered is similar to that in DDH-Mon-2009-1 to DDH-Mon-2009-6 with visible gold noted within the sulphide stockwork.

In addition, the Company plans to drill for depth extension to the Montrose zone using drill platforms in the Lydden Creek valley bottom. The valley bottom elevation is 300 metres lower than the average elevation of the DDH-Mon-2009-1 to DDH-Mon-2009-10 drill collars. The intent of these next few drill holes is to test for gold tenor across the entire zone in the area of the past mining activity and to test 300 metres below creek bottom which would extend the mineralized zone to a depth of 600 meters. In the area of historic mining activities, the Montrose zone has been mapped as a 30 metre wide northerly trending mineralized stockwork with a steep dip to the east. Except for the creek bottom pads, the company will use the presently available roads for drill pads in order to provide data on possible dimensions of the Montrose zone, both laterally and vertically.

It should be noted that the Company has received many calls regarding mineralization observed in DDH-2009-9 particularly a silicified and pyritized intrusive. This mineralized section which is west of and at depth below DDH-Mon-2009-1 to DDH-Mon-2009-4 does not appear to be related to the Montrose zone and is likely a different mineralizing event. Recent surface work has indicated that the mineralization is similar to outcropping identified to the southwest of DDH-Mon-2009-9 and DDH-Mon-2009-10 along Lydden Creek. At present, the Company has not logged, processed or shipped for assay any core since DDH-Mon-2009-6 while it worked to clear up outstanding corporate issues. All drill core is stored in the Company's facilities in Stewart and field geologists and exploration crews have begun dealing with this backlog.

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. The assay lab crushes and pulverizes the core samples and assay for gold using fire assaying. The gold content is then determined by Atomic Absorption. Silver, Copper, Lead and Zinc are digested in an aqua regia solution and content determined by Atomic Absorption.

Decade Resources Ltd is a Canadian based mineral exploration company actively engaged in the resource business. The Company holds an option to earn a 60% interest in the Red Cliff property in Northwest British Columbia. More recently, it has secured a second option to earn an additional 20% in the project, subject to the approval of disinterested shareholders of the optionor, Mountain Boy Minerals Ltd., and by making certain cash and share payments and incurring exploration expenditures. In addition, Decade holds 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