Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.
Mountain Boy Minerals Ltd.
TSX VENTURE : MTB

October 04, 2012 09:30 ET

Decade Resources Ltd. and Mountain Boy Minerals Ltd. Report 7.83 g/t Gold Over 35.06 Metres Intersected in DDH-2012-61 Testing the Upper Montrose Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2012) - Decade Resources Ltd. (TSX VENTURE:DEC) ("Decade") and Mountain Boy Minerals Ltd. (TSX VENTURE:MTB) ("Mountain Boy") are providing the assay results for a portion of a further 37 drill holes from the Red Cliff project in Northwestern British Columbia. The joint venture project is owned 65% by Decade and 35% by Mountain Boy. The Red Cliff is a gold/copper property consisting of 8 Crown Granted mineral claims located 25 miles north of the town of Stewart, British Columbia. The Silver Crown 6 claim in which Decade is earning a 100 % interest is adjacent to the north portion of the crown grants. The Red Cliff Extension claim owned 100 % by Decade is along the east side of the Silver Crown 6 claim. To date, the Companies have identified 3 separate gold bearing zones called the 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.

To date, the drilling has been entirely within the joint venture claims. It has indicated the following:

  • Continuity of the Upper Montrose zone from the area of previous drilling down to Lydden Creek and a depth extent of at least 700 metres.
  • The presence of several gold bearing zones along the 30-40 metre wide shear system hosting the Upper Montrose structure. One is associated with semi-massive chalcopyrite-pyrite veins and the other is associated with a chalcopyrite-pyrite stockwork.
  • A deep gold bearing zone within a chalcopyrite-pyrite stockwork containing visible gold, that is 50 metres south and 100 metres below the 2009-2011 drilling.
  • A wide zone of brecciated dyke with pyrite-minor chalcopyrite and massive hematite stringers along fractures 650 metres north of Lydden Creek.

Selected significant assay results are located in the following table. DDH-2012-26 to 36 tested the Upper Montrose at depth in the area of the Lower Montrose. All drill holes intersected the Upper Montrose zone. DDH-2012-37 to 41 tested a new zone of shearing and weak sulphide mineralization approximately 30 m east of the Upper Montrose structure. Weak gold values were intersected in these holes. DDH-2012-42 to 61 tested the Upper Montrose zone south of the 2009-2011 drilling. Assay results are shown below:

DDH No. From (m) To (m) Width (m) Au g/t
DDH-2012-MON-31 139.94 144.82 4.87 6.60
DDH-2012-MON-45 67.99 70.27 2.29 10.47
DDH-2012-MON-48 156.71 159.76 3.05 16.01
and 223.02 238.41 15.40 4.55
DDH-2012-MON-49 215.55 225.30 9.75 5.05
DDH-2012-MON-53 56.86 71.4 14.5 4.6
and 203.96 210.06 6.10 2.91
DDH-2012-MON-59 194.82 200.01 6.10 3.25
and 235.98 241.62 5.64 6.75
DDH-2012-MON-61 173.93 208.99 35.06 7.83
including 176.22 184.01 6.69 12.42
including 200.55 208.99 8.45 18.11

Complete assay results including base metal and silver values received to date for the 2012 drilling will be posted on the websites within the next few days.

Work in 2012 has shown that the mineralization on the property consists of gold bearing zones within a 30- 40 metre wide shear zone that has been followed for over 2 kilometres in a north-south direction along the property. Anomalous geochemical stream sediment samples to the north of present work indicate a potential for an additional kilometre of strike length. The Red Cliff copper-gold zone is present along the south end of this shear with the Chimney, Road and Waterpump zones in the middle and the Upper Montrose zone at the north end. Modeling of the Upper Montrose zone has shown that high grade gold zones occur as flat lying sections along the dip of the mineralization.

To date the companies have completed a total of 71 holes along the Lower and Upper Montrose zones. Drilling was designed to delineate the extent of high grade gold mineralization in these 2 zones. The Upper and Lower Montrose zones remain open to depth and along strike. Due to the great depth extent of mineralization and great strike extent, the companies are confident that continued drilling will outline a significant gold deposit.

All samples are 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. Ed 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.

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."

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.

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