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Decade Resources: Drill Permit Received for High Grade Gold-Copper Red Cliff Project
Stewart, British Columbia--(Newsfile Corp. - February 28, 2023) - Decade Resources Ltd (TSXV: DEC...
About this update from Decade Resources Ltd.
[{"type":"text","content":"Decade Resources: Drill Permit Received for High Grade Gold-Copper Red Cliff ProjectStewart, British Columbia--(Newsfile Corp. - February 28, 2023) - Decade Resources Ltd (TSXV: DEC) (\"Decade\") reports that a 5 year drill permit has been received from the BC Ministry of Mines for an exploration program on the Red Cliff property located in the \"Golden Triangle\" area. Decade owns a 65 % interest in the project and is the project manager. Exploration to date indicates that the Red Cliff property hosts a large mineralized system that has been traced for several kilometres. Drilling will be aimed at: checking for extensions of the copper rich Red Cliff zone as well as extending the Montrose gold-copper zone. Over 1 kilometre of strike length that is overburden obscured has not been tested between the 2 zones, in addition the zones remain open to depths beyond 600 m.To date, gold bearing mineralization has been identified over 2 km of strike length with the Red Cliff zone to the south and the Montrose zone to the north. The Montrose, Lower Montrose and Waterpump zones are considered to be one zone that has been displaced by faulting. Also, within the Montrose zone, faulting appears to have resulted in repeat sections of mineralization. As well, there appears to be a wide mineralized splay that strikes SW from the main Montrose zone, resulting in wide target areas that are gold bearing over 50 m of width. From the Waterpump zone to the north end of the identified Montrose zone, mineralization extends to over 600 m of strike length and at least 600 m of depth and is open along strike and depth. It extends from the ridge top hosting the Montrose zone at 725 m elevation to 125m elevation as shown by DDDH-12-11. Width of the gold bearing zone varies from 5 to 40 m with an average of 22 m.The geological and surface sampling work carried out in historic exploration indicates that the mineralization within the Montrose area is complex and may consist of several zones within a wide interval of altered rocks. It is associated with a zone of latite intrusives that have highly altered the adjoining country rock so that contacts are obscure. Fine grained pyrite is present throughout the mineralized zones in amounts from 1-10 %. Later veining within the intrusive and contact areas consists of zones of sphalerite-galena-minor chalcopyrite v...