News Release
ON BEHALF OF THE BOARD OF DIRECTORS
"Andrew Bowering"
Andrew Bowering,
Director
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.
Decade Increases Property Holdings On The Stikine Arch
According to the BC government Minfile report on the property, reported reserves in 1979 were 8800 tonnes grading 4782.9 grams per tonne silver and 10.6 grams per tonne gold. This estimate is historical, not compliant with National Instrument 43-101 and is used for reference purposes only. Recorded production during 1975 and 1979 through 1981 was 1,794,049 grams of silver, 5,475 grams of gold, 52,641 kilograms of zinc, 4,071 kilograms of lead and 153 kilograms of copper. Production was from narrow high grade veins hosted by a wide shear zone. BC Assessment Report #22040 documents a sample taken from the millsite in 1991 that assayed 19.15 grams per tonne gold, 98.3 grams per tonne silver, 0.098 per cent copper, 0.95 per cent lead and 6.76 per cent zinc.
Subject to TSX Venture Exchange approval, Decade will pay $55,000.00 and issue 250,000 shares for a 100 % interest in the property.
According to the above assessment report, rocks observed in the area are almost exclusively volcanics, of felsic to intermediate composition. Gossanous areas noted in the property area have never been evaluated. In addition, the source of float samples with values up to 7133 ppm Pb. and up to 5185 ppm Zn has never been located.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, has reviewed this release.
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.
For further information, please contact the Company at 604-681-0710.
ON BEHALF OF THE BOARD
"Ed Kruchkowski"
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."
Red Cliff Drill Results
| DDH | From (m) | To (m) |
|---|---|---|
| LP-2009-4 | 147.25 | 151.22 |
| LC-2009-8 | 61.74 | 62.20 |
| and | 74.70 | 77.74 |
| LC-2009-9 | 35.06 | 41.16 |
| including | 38.11 | 41.16 |
| and | 43.29 | 44.33 |
| LC-2009-10 | 35.06 | 38.11 |
| LC-2009-16 | 24.39 | 24.69 |
DDH-LP-2009-4 was located on the Little Pat Fraction, 50 meters south of Lydden Canyon. DDH-LC-2009-8, 9, 10 and 16 were drilled in Lydden Canyon. The presence of faulting and post mineral dykes has greatly disrupted and displaced mineralization along Lydden Creek. Before further drilling is conducted in the area of Lydden creek, structural studies will be carried out to help in locating drill hole locations for the 2010 program. During the 2010 program, the Company plans to drill at the south end of the property where pads are already built and in the area of DDH-Mon-2009-1 to 11.
To date, mineralization has been outlined over 1.5 kilometers of strike and is open along strike and at depth. This distance extends from the area of DDH-2009-Mon-1 to 11 to the portals at the south end of the property along Lydden Creek. In the area of DDH-Mon-2009-1 to 11, the zone is obscured by overburden towards the northwest. The Company is applying for permits to extend drill roads to the northwest. At the south end of the claims, parallel copper-gold zones are indicated in the portal area of the original Red Cliff mine workings. To date, exploration has only tested a very small portion of this system.
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 Assayers Canada of Vancouver, BC.
Decade Resources Ltd. has spent all required monies to earn its 60% interest in the Red Cliff Property and has informed Mountain Boy Minerals Ltd. that it will not be exercising the option to earn a further 20% in the project. The Company will be entering into a joint venture agreement with Mountain Boy Minerals Ltd. to facilitate the 2010 exploration program.
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.
For further information, please contact Andrew Bowering at 604-681-0710.
ON BEHALF OF THE BOARD
"Ed Kruchkowski"
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."
Mineral Property Acquired At Kitimat,B.C.
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 Assayers Canada of Vancouver, BC.
For further information, please contact Andrew Bowering at 604-662-8184.
DECADE RESOURCES LTD.
ON BEHALF OF THE BOARD
"Ed Kruchkowski"
Ed Kruchkowski, Director
"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."
Further Gold and Base Metal Assays
There are 12 drill holes currently that are awaiting results from the assay lab. These holes are located along Lydden Creek.
----------------------------------------------------------------------------
From To Width Au Ag Cu Zn
DDH (m) (m) (m) g/t g/t % %
----------------------------------------------------------------------------
Mon-2009-6 53.66 78.36 24.7 20.87(i) 5.43 0.50 -
----------------------------------------------------------------------------
Mon-2009-9 9.15 15.85 6.71 4.98(i) 15.11 0.21 6.23
----------------------------------------------------------------------------
and 42.38 57.62 15.24 5.69(i) 5.4 0.70 -
----------------------------------------------------------------------------
and 216.16 219.21 3.05 0.01 0.3 0.17 -
----------------------------------------------------------------------------
and 228.35 237.5 9.15 0.10 3.83 0.374 -
----------------------------------------------------------------------------
Mon-2009-10 7.16 13.11 5.95 2.15(i) 8.62 0.27 3.47
----------------------------------------------------------------------------
and 42.99 57.62 14.63 1.89(i) 1.87 0.18 0.12
----------------------------------------------------------------------------
and 112.50 121.65 9.15 0.23 1.83 0.30 -
----------------------------------------------------------------------------
Mon-2009-11 191.01 203.66 12.65 5.27(i) 4.27 0.411 0.166
----------------------------------------------------------------------------
LP-2009-2 126.52 129.57 3.05 2.49 0.4 - -
----------------------------------------------------------------------------
LC-2009-17 122.56 128.05 6.71 10.42 1.218 0.05 -
----------------------------------------------------------------------------
(i) previously reported value.Based on the drilling on the Little Pat Fraction, it appears that drill holes were located west of the Montrose zone and did not intersect this zone. The presence of faulting and post mineral dykes has greatly disrupted and displaced mineralization along Lydden Creek. Before further drilling is conducted in the area of Lydden creek, structural studies will be carried out to help in locating drill hole locations for the 2010 program. During the 2010 program, the Company plans to drill at the south end of the property where pads are already built and in the area of 2009-Mon-1 to 11.
To date, mineralization has been outlined over 1.5 kilometers of strike and is open along strike and at depth. This distance extends from the area of DDH-2009-Mon-1 to 11 to the portals at the south end of the property along Lydden Creek. In the area of DDH-2009-1 to 11, the zone is obscured by talus towards the northwest. At the south end of the claims, parallel copper-gold zones are indicated in the portal area of the original Red Cliff mine workings. To date, exploration has only tested a very small portion of this system.
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 Assayers Canada of Vancouver, BC.
Decade Resources Ltd is a Canadian based mineral exploration company which is actively seeking opportunities in the resource business. The Company holds an option to earn up to an 60% interest in the Red Cliff property with an option to earn an additional 20%, dependent on exchange approval, by making certain cash and share payments to Mountain Boy Minerals Ltd and incurring exploration expenditures. Decade also has an option to earn a 100 % interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north.
For further information, please contact Andrew Bowering at 604-662-8184.
ON BEHALF OF THE BOARD
"Ed Kruchkowski"
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."