Decade Resources Ltd.: 43.7 Grams/Tonne Gold Over 7.4 Metres Intersected on Southwest Extension of the Upper Montrose Zone
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/11/11 -- Decade Resources Ltd. ("Decade" or the "Company") (TSX VENTURE: DEC) reports results for a further 5 drill holes completed on the 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.
To date, a total of 30 drill holes have been completed to intersect below and southwest of DDH-MON-2009-1-6 and below the furthest southwest holes completed in the 2010 drilling. Results of the latest holes show a continuation of high gold values as follows:
DDH-MON-11-11 extends the mineralization 75 metres southwest of previously completed drilling, for a total strike length now exceeding 400 metres. In addition, several recently completed holes drilled to the southwest of DDH-MON-09-1 to DDH-MON-09-6 have intersected wide zones of chalcopyrite and pyrite stringer mineralization containing visible gold. Results from these holes are anticipated shortly.
Drilling is continuing with the expectation of running the program into November. At present, drill pads and access roads are being completed in an attempt to test further to the southwest.
All samples are assayed by AGAT Laboratories of Mississauga, Ontario.
The Red Cliff project is operated by Decade under a 60/40 joint venture agreement with Mountain Boy Minerals Ltd. The Company was recently informed by Mountain Boy that it will not be funding its share of exploration expenditures and therefore will have its interest diluted under the formula set out in the joint venture agreement.
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 has reviewed and approved of the contents of this release.
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 .
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.
Andrew Bowering
Investor Relations
604-681-0710
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Datum: 11.10.2011 - 17:56 Uhr
Sprache: Deutsch
News-ID 74904
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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