Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.

October 07, 2009 12:00 ET

Decade Resources Ltd.: Corporate Update

STEWART, BRITISH COLUMBIA--(Marketwire - Oct. 7, 2009) - Decade Resources Ltd. ("Decade" or the "Company") (TSX VENTURE:DEC) announces that sixteen (16) diamond drill holes have been completed on the Red Cliff project in northwestern British Columbia. Of the 16 holes, eleven (11) were drilled north of Lydden Creek within the Waterloo Crown Granted claim. Assay results have been received and reported for drill holes DDH-Mon-2009-1 to DDH-Mon-2009-6. Core logging, cutting and sampling are progressing with assay results for DDH-Mon-2009-7 to DDH-Mon-2009-11 expected to be available within the next 7-10 days.

Following completion of DDH-Mon-2009-11, the drill was moved from the north side of Lydden Creek to test approximately 700 meters south of discovery hole DDH-Mon-2009-1 on the Little Pat Claim Fraction while the Company applies for permits to construct additional roads and drill pads to the north. A total of five holes, DDH-LP-2009-1 to DDH-LP-2009-5, were completed to test the zone in this area. While there are no indications of previous drilling in this area, chip sampling of a rusty rock face exposure in Lydden Creek during previous work in the 1980's returned 11.4 grams per tonne gold (g/t) over 9.5 metres. Descriptions of the gold bearing samples from the surface sampling indicated that gold values are associated with pyrite rather than chalcopyrite/pyrite as in holes DDH-Mon-2009-1 to 6. Intersections of the zone in drill holes DDH-LP-2009-1 to DDH-LP-2009-5 on the south side of Lydden Creek host a silicified rock with strong brecciation and associated pyrite filling the fractures. The brecciated rock is very similar to the west edge of the mineralized zone encountered in DDH-Mon-2009-5 and DDH-Mon-2009-6 where a silicified and brecciated rock with associated pyrite filling fractures assayed 7 to 10 g/t gold over 10 metres peripheral to a gold bearing chalcopyrite/pyrite stockwork.

Investors and shareholders are advised to refer to photograph "Red Cliff Overview" at www.decaderesources.ca for a graphic and pictorial presentation of the project and current workings.

Previous activities and 2009 exploration has shown the occurrence of copper-gold and gold bearing zones over a vertical height of 400 meters and along a strike length of 2 kilometres. The main zones include the Montrose gold zone and the Red Cliff zone, an east-west trending copper-gold zone hosted in en echelon massive chalcopyrite-pyrite veins that have been explored at the lower elevations of the property.

At present, Decade plans to continue exploration drilling as weather permits. Given the property's location, low elevation and road access, management expects drilling to continue into November. In anticipation of more straining conditions, Decade has demobilized the skid mounted/shed housed drill used for all holes to date. Instead, two helicopter support drills operating from wood drill platforms are being mobilized to Red Cliff. The first drill was mobilized to the property on October 6th, 2009 and is situated on a platform constructed in Lydden Creek canyon. Drill holes completed off this deck are designed to test the full width of the Montrose zone within Lydden Creek and its depth extent beneath its exposure in the creek bottom.

Mr. Ronald F. Nichols, P. Eng., was appointed to the Board of Directors. Mr. Nichols graduated from the University of BC with a B.Sc. in Geology and was registered as a Professional Engineer in 1975. Mr. Nichols spent 23 years with Cominco Ltd. and was involved in the development of numerous mines and projects including the Valley Copper and Snip mines in British Columbia. At Snip, in Northwestern BC, he was the project manager from the prospect phase, through drill delineation, construction, underground development and engineering to the production decision. In 1989, Mr. Nichols was a partner in Keewatin Engineering where he managed or had involvement in many exploration projects in the Stewart region. Mr. Nichols is very active in the mining industry and is currently Vice President of Exploration for Aurcana Corporation, a public corporation with one operating mine in Mexico and another in development in Texas. The board of directors of Decade is pleased to have Mr. Nichol's experience and industry background to help in the advancement of the Red Cliff project.

The board of directors of the Company is comprised of Edward Kruchkowski, Andrew Bowering, Randolph Kasum, Ronald Nichols and Lance Robinson. Mr. Nichols assumed the position recently vacated by Martin Kasum.

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 Company follows QA/QC program that includes the insertion of blanks and standards during sampling to ensure quality control in the assaying.

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 as well as exchange 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