Mar 23, 2010
Stewart, BC -- Decade Resources Ltd. ("Decade" or the "Company") reports the acquisition of 3 mineral claims along the southern border of the Mountain Boy Minerals-Great Bear Resources BA Project. Drilling on the BA has intersected numerous sections of silver-lead-zinc mineralization including: 57.93 metres of 140.44 g/t Silver (Ag), 1.66% Lead (Pb) and 2.51% Zinc (Zn) in DDH 2007-BA-1, 12.20 metres of 145.3 g/t Ag, 3.13% Pb and 2.30% Zn in DDH 2007-BA-5, 28.96 metres of 203.5 g/t Ag, 2.50% Pb and 1.00% Zn in DDH 2007-BA-15 and 18.29 metres of 246.5 g/t Ag, 0.78% Pb and 1.71% Zn in DDH 2007-BA-17. Recent results released by Mountain Boy/Great Bear indicated assay results with up to 6.9% zinc, 2.3% lead and 759.6 g/t silver obtained in a mudstone float and 4.77% zinc, 0.69% lead and 82.9 g/t silver in an area of a dacite/rhyolite exposure.
Based on exploration work in 2006, the dacite/rhyolite exposure is trending south from the BA property on to the newly acquired claims. This is the same stratigraphic horizon that hosts the BA Kuroko type VMS silver-lead-zinc mineralization approximately 6 kilometres to the north and the Eskay Creek deposit, which produced more than 100 tonnes of gold and 5000 tonnes of silver from start-up in 1995, until closure in 2008.
Decade is optioning the property from Teuton Resources Corp., a TSX Venture listed company which is an arms length party to Decade. To earn an undivided 50% interest in the property Decade is required to pay a total of $110,000 in cash and incur exploration expenditures on the property totalling $1,500,000 over a four year period.
Subject to Decade duly exercising the first option, Teuton has granted to Decade the sole and exclusive right to earn an additional 20% interest (70% interest in total) in the property (the "Second Option") by performing and paying for such additional exploration work, engineering studies and reports as may be necessary in order to deliver to Teuton a Feasibility Study ("Feasibility Expenditures"). Decade or its designate shall be operator of the property during the term of the first Option and the second Option.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the company.
Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource business. In addition to holding a 60% interest in the Red Cliff property, the Company has an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north. The company also has a 100% interest in a large property underlain by Kuroko type copper-gold mineralization in the Kitimat area of British Columbia and a 100% interest in 3 claims in Surprise Creek located on the same stratigraphic horizon that hosts the BA Kuroko type silver-lead-zinc mineralization approximately 8 kilometres to the south.
For further information, please contact Andrew Bowering at 604-681-0710.
ON BEHALF OF THE BOARD
Ed Kruchkowski, President
"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."
"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."