Decade Resources Ltd.: Copper-Gold Results on the Prince John Prospect
April 27 2012 - 2:58PM
Marketwired
Decade Resources Ltd. (TSX VENTURE:DEC) ("Decade" or the "Company")
reports the final assay results for the holes drilled on its 100%
owned Prince John prospect, part of the extensive Premier East
property in Northwestern British Columbia.
Highlights include 16.4 metres of 0.93% copper and 1.09 g/t gold
in DDH-PJ-2011-2.
The Prince John is a gold/copper prospect located approximately
5 kilometres north of the town of Stewart, British Columbia, along
the west slope of the Bear River valley. Several malachite stained
outcrops and 2 short adits mark the area of this previously
undrilled prospect. The area of the outcrops are in a large area
covered by dense alders, shrubs and small hemlock patches
approximately 800 metres above sea level. The adits exposed on a
steep hillside are inaccessible due to caving.
To date, a total of 8 drill holes have been completed to
intersect below, northeast and southwest of exposed outcrops The
first hole was lost at 90.85 metres in strong copper
mineralization. Fine grained chalcopyrite, bornite and minor pyrite
are associated with strong chlorite alteration of andesitic tuffs.
Local andesite dykes and a late stage syenite dyke were intersected
in some of the drill holes. The Company feels that the
mineralization indicates a potential porphyry copper-gold system at
depth beneath the mineralization tested. The mineralization is on
the east side of the Texas Creek Batholith, the same age and
composition of intrusive rocks hosting the porphyry copper-gold
mineralization at Sulphurets and Mitchell Creeks approximately 60
km north of Stewart. Partial results from the drilling gave assay
values as follows:
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DDH No. From (m) To (m) Width (m) Au g/t Cu%
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DDH-PJ-2011-1A 73.02 112.2 39.18 0.28 0.24
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DDH-PJ-2011-2 7.32 57.62 50.3 0.02 0.14
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and 71.65 88.11 16.4 0.93 1.09
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and 88.11 95.43 7.32 0.05 0.26
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DDH-PJ-2011-3 8.84 57.62 48.78 0.02 0.12
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and 57.62 72.65 15.03 0.13 0.32
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and 90.64 100.3 9.66 1.54 0.60
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and 100.3 139.64 39.63 0.02 0.14
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Only assays greater than 0.1% copper are shown in the above
table. Holes 4 & 5 were drilled to the west from the other
holes into unaltered andesitic rocks and low copper and gold values
were obtained for these holes. Holes 6 to 8 had long intersections
of 0.1 to 0.2% copper with low gold values.
All samples were assayed by AGAT Laboratories of Mississauga,
Ontario and Loring Laboratories of Calgary, Alberta.
In Manitoba, the Company conducted preliminary sampling on as
many of the historic showing that could be located. Some of the
more significant sampling is as follows:
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Sample No. Sample Type Showing Gold Grade g/t
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DT-R-103 10 cm chip Jupiter 33.6
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DT-R-110 Grab Simpson bay 10.3
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DT-R-107 Grab Simpson bay 2.1
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KP-R-216 Grab Simpson bay 5.36
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KP-R-226 Grab Kirra 7.35
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JDS-08 Grab Simpson bay 6.1
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All samples were assayed by Loring Laboratories of Calgary,
Alberta.
The Company is having the assessment reports prepared by a
consultant and will be evaluating the recommendations for
additional work programs.
The Company is pleased to report that the Vancouver Office
relocation has been completed. The purpose is to make our
operations more cost effective and to assure dedicated attention
exclusively to matters affecting the Company.
The drill hole assay result modeling for the Red Cliff project
is complete and will be posted on the web site as soon as possible
depending on ability to put staff on the project.
Drilling has commenced on the Red Cliff project in order to test
the Lower Montrose zone which has never been tested by drilling.
The zone has been intersected in the initial 3 holes and
mineralization in these holes is similar to that described in
historical reports.
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 is responsible for 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 grass roots to advanced projects. 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.
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. John Van Duzen 778-340-1830 or
cell: 604-202-6596investor@decaderesources.ca
www.decaderesources.ca