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DGAP-News: Decade Reports on Red Cliff Drill Program; Waterpump Zone Returns 10.6 g/t Gold over 7.26m and Montroze Intersects Visible Gold with Assays Pending
DGAP-News: Decade Resources Ltd. / Key word(s):
Stewart, British Columbia--(Newsfile Corp. - October 11, 2018) - Decade Resources Ltd (TSXV: DEC) (“Decade” or the Company) is pleased to report on assay results from the ongoing 2018 drilling on the Red Cliff property. The Company has completed 32 drill holes (the “drill holes”) to date during its 2018 drilling campaign. Decade has received assays of 10 of the completed drill holes and expects to report on the remaining 22 assays in the coming weeks. 2018 drill results and activity are highlighted below:
Present drilling on the Montrose zone is close spaced along the down-dip expression of the stockwork to trace the gold mineralization to depth. The goal at present is to block out the recently indicated high grade zone that is a minimum +100m long and approximately 400 m down-dip within the 400m of structure length drill tested to date. Width of the Montrose zone in this area appears to be from 8 to 22 m based on the modelling to date. Mineralization is also open to depth and along strike.
Drill intersections in the 2018 drilling include the following:
*Hole above was not previously reported.
*Holes above have previously been reported.
Ed Kruchkowski, P. Geo and President of Decade Resources stated: “Decade is very encouraged with these initial assay results, as well as the expanded mineralization at depth. We look forward to receiving the final 22 assays from the 2018 drill program.”
The Company is undertaking a non-brokered private placement of flow-through units to raise aggregate gross proceeds of up to $650,000 for expenditure on the Red Cliff project.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.
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 ones. Its properties and projects are all located in the “Golden Triangle” area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
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.”
To view an enhanced version of Figure 1, please
Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/40291
11.10.2018 Dissemination of a Corporate News,
transmitted by DGAP - a service of EQS Group AG.
|Company:||Decade Resources Ltd.|
|End of News||DGAP News Service|
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