Decade Resources Ltd. and Mountain Boy Minerals Ltd.: 18.62 g/t Gold over 11.0 metres Intersected in DDH-2012-24 Testing the ...
September 13 2012 - 9:51AM
Marketwired Canada
Decade Resources Ltd. (TSX VENTURE:DEC) ("Decade") and Mountain Boy Minerals
Ltd. (TSX VENTURE:MTB) ("Mountain Boy") are providing the assay results for a
further 15 drill holes from the Red Cliff project in Northwestern British
Columbia. The joint venture project is owned 65% by Decade and 35% by Mountain
Boy. The Red Cliff is a gold/copper property consisting of 8 Crown Granted
mineral claims located 25 miles north of the town of Stewart, British Columbia.
The Silver Crown 6 claim in which Decade is earning a 100 % interest is adjacent
to the north portion of the crown grants. The Red Cliff Extension claim owned
100 % by Decade is along the east side of the Silver Crown 6 claim. To date, the
Companies have identified 3 separate gold bearing zones called the Upper
Montrose, Lower Montrose and Waterpump within the Crown Granted claims. Recent
work has exposed mineralization on the Silver Crown 6 claim approximately 650
metres north of Lydden Creek along the boundary with the Montrose Crown Granted
claim.
Significant assay results are located in the following table. DDH-2012-10 to 12
tested the Upper Montrose at depth in the area of the Lower Montrose.
DDH-2012-10 and 11 were terminated before intersecting the zone due to faulting.
DDH-2012-12 intersected a strong zone of mineralization 450 metres below drill
collar and 600 metres below the area of 2009-2011 zone intersection. The Upper
Montrose in the deep intersection consisted of a stockwork of massive pyrite and
hematite stringers and veins over a width of 17 metres. DDH-2012-13 to 24 tested
the Lower Montrose zone. Assay results are shown below:
---------------------------------------------------------------------------
DDH No. From (m) To (m) Width (m) Au g/t
---------------------------------------------------------------------------
DDH-2012-MON-12 564.63 574.70 10.1 2.50
---------------------------------------------------------------------------
DDH-2012-MON-17 51.68 57.77 6.1 4.14
---------------------------------------------------------------------------
DDH-2012-MON-18 59.76 66.01 6.25 9.81
---------------------------------------------------------------------------
DDH-2012-MON-19 70.43 72.26 1.83 14.33
---------------------------------------------------------------------------
DDH-2012-MON-22 72.56 77.13 4.67 3.21
---------------------------------------------------------------------------
DDH-2012-MON-23 84.15 85.82 1.68 4.75
---------------------------------------------------------------------------
DDH-2012-MON-24 87.80 98.78 11.0 18.62
---------------------------------------------------------------------------
Complete assay results including base metal and silver values received to date
for the 2012 drilling will be posted on the websites within the next few days.
Work in 2012 has shown that the mineralization on the property consists of gold
bearing zones within a 30 metre wide shear zone that has been followed for over
2 kilometres in a north-south direction along the property. Anomalous
geochemical stream sediment samples to the north of present work indicate a
potential for an additional kilometre of strike length. The Red Cliff
copper-gold zone is present along the south end of this shear with the Chimney,
Road and Waterpump zones in the middle and the Upper Montrose zone at the north
end. Modeling of the Upper Montrose zone has shown that high grade gold zones
occur as flat lying sections along the dip of the mineralization.
To date the companies have completed a total of 65 holes along the Lower and
Upper Montrose zones. Drilling was designed to delineate the extent of high
grade gold mineralization in these 2 zones. The Upper and Lower Montrose zones
remain open to depth and along strike. Due to the great depth extent of
mineralization and great strike extent, the companies are confident that
continued drilling will outline a significant gold deposit.
All samples are assayed by Loring laboratories of Calgary, Alberta. It is an
ISO9001 certified laboratory.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101,
is in charge of the exploration program on behalf of the Companies and is
responsible for the contents of this release. E Kruchkowski has conducted all
the exploration on this property from 2007 to present and has logged and
overseen the sampling of the core.
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 www.decaderesources.ca.
Mountain Boy Minerals Ltd. is a Canadian based mineral exploration company with
diverse property and resource holdings around the Stewart region in British
Columbia's golden triangle. It owns 20% of the Silver Coin project, a
gold-silver-base metals project that has a 43-101 compliant resource calculated.
The Company is also exploring silver-base metals on its American Creek and Bear
Valley properties as well as copper-gold on their Stewart area claims.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
Ed Kruchkowski, President
ON BEHALF OF THE BOARD OF MOUNTAIN BOY MINERALS LTD.
Ed Kruchkowski, Director
"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."
MTB Metals (TSXV:MTB)
Historical Stock Chart
From Oct 2024 to Nov 2024
MTB Metals (TSXV:MTB)
Historical Stock Chart
From Nov 2023 to Nov 2024
