Decade Resources Ltd. and Mountain Boy Minerals Ltd.: Red Cliff Property Exploration Has Commenced
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/12 -- Decade Resources Ltd. ("Decade") (TSX VENTURE: DEC) and Mountain Boy Minerals Ltd. (TSX VENTURE: MTB) report that exploration work has started at the Red Cliff project in Northwestern British Columbia. The joint venture project is 65% Decade owned and 35% Mountain Boy owned. 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. High gold values are contained within stockwork zones that are composed of stringers of quartz-chalcopyrite-pyrite plus local coarse visible gold. These stringers have an envelope of galena-sphalerite-chalcopyrite stringers that contain local fine grained visible gold. To date, the Company has identified 3 separate gold bearing zones called the Upper Montrose, Lower Montrose and Waterpump. The combined indicated strike length of the 3 zones (based on data to date) is at least 900m (Upper Montrose - 500m, Lower Montrose - 100m and Waterpump - 300m) Drill exploration has tested only 300m on the Upper Montrose.
Highlights of past assays on the Upper Montrose zone are shown in the table below:
At present, the 2011 drill results are being entered into the modeling program and the consultant carrying out this work reports that it will be completed within one week. The results will then be presented on the company website. Modeling of the 2009 and 2010 data to date indicates that the Upper Montrose zone is at least 22 m wide in true thickness and extends over 200 m in depth. New results of this year's program will be incorporated and posted as available.
Present surface work includes obtaining GPS measurements, mapping and sampling of the Lower Montrose and Waterpump zones exposed along the Lydden Creek canyon. This work will aid in obtaining structural measurements that will help in locating drill site collars. In addition, the Company plans to confirm the assay results in the above zones which were obtained in previous exploration programs.
The Company plans an aggressive 2012 exploration season which will include but not be limited to the following:
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company and is responsible for the contents of this release.
Decade is also evaluating the Prince John and Cranberry assays and results will be released upon completion of compilation. The Company will be evaluating these properties later in 2012. At present the priority is the Red Cliff property.
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 .
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.
For further information, please visit the company web page: .
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
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."
Contacts:
MyneCor Marketing
Investor Relations
778-478-0287
778-478-0282 (FAX)
Decade Resources Ltd.
John Van Duzen
604-202-6596
Decade Resources Ltd.
Ed Kruchkowski
President
250-636-9232
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2012 - 12:30 Uhr
Sprache: Deutsch
News-ID 128813
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 207 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Decade Resources Ltd. and Mountain Boy Minerals Ltd.: Red Cliff Property Exploration Has Commenced"
steht unter der journalistisch-redaktionellen Verantwortung von
Decade Resources Ltd. and Mountain Boy Minerals Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
