Twitter Facebook LinkedIn YouTube

Decade Resources (TSXV: DEC) Phase One Drilling is Continuing on the Red Cliff Property

Video Platform Video Management Video Solutions Video Player

On the Red Cliff project, the company and Mountain Boy are in a joint venture on the Crown Granted portion of the property, which is owned 65% by Decade and 35% by Mountain Boy.Description

Additional Information:

Company: Decade Resources
Website: http://www.decaderesources.ca
Stock Symbol: TSXV:DEC
Date Published: Aug 2, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Decade Resources reports that Phase I drilling is continuing on the Red Cliff property.

The Red Cliff property is located near the town of Stewart, British Columbia.

On the Red Cliff project, the company and Mountain Boy are in a joint venture on the Crown Granted portion of the property, which is owned 65% by Decade and 35% by Mountain Boy.

The Silver Crown 6 claim, in which Decade is earning a 100% interest, is adjacent to the north portion of the crown grants.

To the north of the Silver Crown 6 claim, Mountain Boy owns a 100% interest in the MB property.

The Red Cliff Extension claim, owned 100% by Decade is along the east side of the Silver Crown 6 claim.

Drilling on the 5th hole on the Montrose zone has intersected a wide mineralized intrusive within red tuffs forming the Betty Creek formation.

The drill hole is located 30 metres north and 25 metres higher in elevation relative to 2017 drill holes 1 – 3.

Logging the core has indicated 3 main mineralized sections within the intrusive.

Along the east edge, a zone of galena-sphalerite-chalcopyrite stringers occur in zones up to 5 metres wide.

Near the west edge of the intrusive, another galena-sphalerite-chalcopyrite stringer zone is present.

This grades into a chalcopyrite-pyrite zone along the west contact.

Between the above zones, weakly pyritic intrusive is present.

The 5th hole was drilled to test beneath some of the gold bearing intersections found by drilling in 2011 and 2012.

It was drilled at minus 55 degrees at an azimuth of 268 degrees, intersecting fine visible gold within several stringers at 287 metres.

Course gold was intersected in several spots within a chalcopyrite-pyrite rich section up to 2.5 metres wide at 314 metres.

Core is being logged and cut at present and assays for the earlier drilling is expected within several weeks.

The company intends to extend the testing of the gold bearing zone along strike and to depth.

A total of 45,700 metres of drilling comprising 275 holes was completed during the period 2007 to 2012.

Decade holds numerous properties at various stages of development and exploration from basic grass roots to advanced
ones.

Its properties and projects are all located in the “Golden Triangle” area of northern British Columbia.

The shares are trading at $0.14 and with 99 million shares outstanding, the company is capitalized at $13.9 million.

For more information, please visit the company’s website at www.decaderesources.ca, contact Gary Assaly, Investor Relations, at 604-377-7969, or by email at decadeinvestorrelations@outlook.com.

I’m Samantha Deutscher for Investmentpitch Media