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Decade Resources: Drilling in 2018 has Extended Waterpump Zone on the Red Cliff Property
Stewart, BC / June 21, 2018 / JMN Wire / Decade Resources Ltd (“Decade”) (TSX.V: DEC) reports that the 2018 drill program is testing the Waterpump zone (faulted
About this update from Decade Resources Ltd.
[{"type":"text","content":" Stewart, BC / June 21, 2018 / JMN Wire / Decade Resources Ltd (“Decade”) (TSX.V: DEC) reports that the 2018 drill program is testing the Waterpump zone (faulted extension of the Montrose zone) on the Red Cliff property located in the “Golden Triangle” area of British Columbia. On the Red Cliff project, the Company and Mountain Boy Minerals are in 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. The Montrose zone is part of a large mineralized structure identified over 2.3 km of strike length on the property that has been offset by a fault along Lydden Creek. The work in 2018 has completed 13 drill holes in the area of the 2017 drilling on the Waterpump zone. In addition, surface sampling is being carried out to identify the area of a historic surface trench that assayed 64 g/t gold over 1.37 m over the Waterpump zone, uphill from the drilling. The Company has not verified this gold result and is using for reference purposes only. Highlights of assays obtained during the 2017 drill program on the Waterpump include: Intersection of 13.88 g/t gold over 7.5 m in DDH-17-M0N-38. Intersection of 10.41 g/t gold over 22.87 m in DDH-17-M0N-40. Intersection of 7.21 g/t gold over 7.16 m in DDH-17-M0N-41. Drilling in 2018 has intersected the Waterpump zone over core lengths of 2 to 20 m with quartz –pyrite-chalcopyrite and pyrite veins along stockwork zones, similar to the 2017 Waterpump intersections. Along the east wall area of the stockwork zones, fine sphalerite-galena-pyrite-chalcopyrite veinlets are present. Fine visible gold has been noted in several of the intersections both in the quartz-pyrite-chalcopyrite and sphalerite-galena veinlets. High priority samples have been sent to the lab for assays and the Company looks forward to reporting results in the coming weeks. The property is located in the “Golden Triangle” area of British Columbia, 2.5 km from a paved highway and the power grid. The property area is among the world’s most prolific mine...