Decade Resources Ltd.: Step-Out Drilling Started on Upper Montrose Zone
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/08/11 -- Decade Resources Ltd. (TSX VENTURE: DEC) ("Decade" or the "Company") reports it has completed preliminary modeling of the high grade gold bearing Upper Montrose zone at its Red Cliff project in Northwestern British Columbia. The Red Cliff is a gold/copper property consisting of 8 Crown granted mineral claims located approximately 25 miles north of the town of Stewart, British Columbia. Access to the property is via drill roads off the paved highway 37A.
At Red Cliff, 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-chalcopyrite-visible gold form an envelope to the above stockwork mineralization.
Recent modeling indicates there are 2 different gold bearing zones rather than a single zone along the north side of Lydden Creek, as first thought. In addition, it has been determined that the upper Montrose Zone strikes southwest-northeast, dipping at shallow angles to the northwest, not striking to the northwest and dipping to the east as earlier interpreted. Indications are that several of the holes drilled in 2010 at Red Cliff were drilled parallel to or beneath the zone due to this early misinterpretation. Two plan maps outlining the previous and recent interpretations of the Montrose Zone have been added to the Company website.
To date, a total of 10 drill holes have been completed southwest of all previous drilling. Results of this drilling confirm the new interpretation that the zone does trend southwest-northeast and dips to the northwest. These holes have intersected wide zones of chalcopyrite and pyrite stringer mineralization with associated visible gold. Early results are expected with 10 days.
New modeling and the recent drilling confirms the upper Montrose zone is open along strike and down dip. The Company plans to continue drilling through the fall season and is considering adding a second drill.
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 AGAT Laboratories of Mississauga, Ontario.
About Decade Resources:
Decade Resources Ltd. is a Canadian based mineral exploration company actively exploring its portfolio of projects in northern BC. The Company holds an extensive portfolio of exploration projects including: 60% interest in the Red Cliff property; an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north; 100% interest in a large property underlain by copper-gold mineralization in the Kitimat area; claims located over the former Goat Mine, a small producer in the 1970's, approximately 34 kilometres northeast of Stewart and 5 kilometres north of the Stewart highway (37A) along the BA massive VMS horizon; 70% interest in the Stamp claims adjoining the BA claims hosting the BA massive VMS horizon; a large property just east of the former Premier mine underlain by copper-gold and silver base metal showings and a 50% interest in claims near the New Gold deposit at Blackwater.
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."
Contacts:
Decade Resources Ltd.
Investor Relations
604-681-0710
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Datum: 08.09.2011 - 13:00 Uhr
Sprache: Deutsch
News-ID 63641
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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