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Red Cliff Property

 

Overview

The Red Cliff Property, a Gold/Copper property in northwestern British Columbia, is the flagship property for Decade Resources Ltd. On November 19, 2008, the Company entered into an option agreement with Mountain Boy Minerals Ltd. (Mountain Boy), a company with shared Directors, to acquire a 60% interest in the property. Decade Resources Ltd. has now fulfilled all requirements to earn its 60% interest in the property. The property consists of 8 Crown Granted claims along Lydden Creek, just north of the town of Stewart, B.C. It is accessible by road approximately 1.5 kilometers from paved highway 37A and is underlain by lithologies of the middle Jurassic Hazelton Group. These rocks host significant precious and base metal deposits in the Stewart Camp including the Silbak Premier, Silver Coin, Sulphurets, Red Mountain and Eskay Creek deposits.

The property has 2 main mineralized zones; the Redcliff copper-gold and copper zones as well as the Montrose gold zone.

The Redcliff Zone contains 2,300 m of underground development on 5 levels from 4 portals over a height of several hundred meters with limited Cu-Au production reported in 1910-12 and in 1973. From 1910-12 production from the Redcliff zone amounted to approximately 1,136 tonnes estimated to average 5% Cu. In 1972 some 3,776 tonnes of ore was sent to a local mill. The only reserve estimate reported for the Redcliff Zone was in 1912 showing a total of 18,900 tonnes averaging 3.19% Cu and 2.86 grams per tonne gold. This estimate was only for broken mineralized material within a stope on one of the levels in the mine. This estimate is historical and is not 43-101 compliant and is used for reference purposes only.

On the Montrose zone during 1939-41, there was 65 tons mined averaging 2.45 opt Au, 2.95 opt Ag, .91% Cu, 3.5% Pb and 4.41 % Zn.

Work in the area of high grading during a previous operator's sampling program in 1979 yielded 19.31 g/t over 2.43 m and 1987 surface sampling gave 7.93g/t over 3.81 m. Several holes drilled in 1988 to 1990 gave intercepts of 1.72 g/t over 14.48 m including 9.31 g/t over 1.70 m and 1.17 g/t over 16.89 m including 4.82 g/t over 2.29 m.

In 1988 the Waterpump Zone which represents the south fault extension of the Montrose Zone was discovered. It is located approximately 50 meters south of the 1939-1941 mining. A trench over the zone gave values consisting of 21.37 g/t over 4.2 m and 6.89 g/t Au over 3.3 m with 2.0 m of dyke between the values. Across the entire zone including the dyke, the sampling yielded an average of 12.07 g/t Au over 8.5 m.

2009 Exploration

In the spring of 2009 Decade Resources Ltd. commenced surface exploration on the Red Cliff property and received necessary government permits to commence drilling on the property. A drill program was planned and designed to extend the Montrose zone both north and south of its defined strike length. The drill program was completed in the fall of 2009.

The Company completed a total of 5,227.49 meters of drilling in 36 holes on drill roads and drill pads constructed during the field season. Drilling tested the Montrose zone in 3 areas, namely north of the previous mining activities in Lydden Creek, in the Lydden Creek canyon just west of the previous mining activities and along the possible south extension. Drilling extended the zone well below the lowest working as well as indicating that it extends to the north from the adit in Lydden Creek.

Some of the drilling intersection highlights on the Montrose zone include values up to 7.5 g/t gold over 32.5 meters in DDH-2009-MON-1, 4.17 g/t gold over 48.48 meters in DDH-2009-MON-2, 7.3 g/t gold over 28.4 meters in DDH-2009-MON-3, 5.78 g/t gold over 28.17 meters in DDH-2009-MON-4, 4.75 g/t gold over 39.63 meters in DDH-2009-MON-5 and 20.87 g/t gold over 24.7 meters in DDH-2009-MON-6. This drilling indicated a zone of higher grade mineralization that should be defined in further programs.

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.