Drilling ON the Montrose Zone Intersects Visible GOLD IN 3 Rd Hole Within a Wide Mineralized Intrusive Section
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
July 5, 2017
DRILLING ON THE MONTROSE ZONE INTERSECTS VISIBLE GOLD IN 3 RD HOLE
WITHIN A WIDE MINERALIZED INTRUSIVE SECTION
Stewart, BC - Decade Resources Ltd. (“Decade”) reports that Pha se I drilling is
continuing on the Red Cliff property. On the Red Cl iff project, the Company and
Mountain Boy Minerals are in joint venture on the C rown Granted portion of the property
which is owned 65% by Decade and 35% by Mountain Bo y. The Silver Crown 6 claim,
in which Decade is earning a 100 % interest, is adj acent to the north portion of the
crown grants. To the north of the Silver Crown 6 cl aim, Mountain Boy owns a 100 %
interest in the MB property. The Red Cliff Extensio n claim owned 100 % by Decade is
along the east side of the Silver Crown 6 claim.
Drilling on the Montrose zone has intersected a wid e mineralized intrusive within red
tuffs forming the Betty Creek formation. The Compan y has used a just completed
petrographic study which is greatly aiding the 2017 exploration. Based on thin sections
examination of mineralized rocks from both the Red Cliff zone and Montrose zone, the
following information was obtained:
1) Mineralization is associated with intrusions of porphyritic latite to trachyte.
2) Late alteration-mineralization events led to the deposition of quartz, carbonates,
pyrite, magnetite, chalcopyrite, galena, specularite, sphalerite and gold.
3) The presence of magnetite and Fe-rich chlorite a s well as an undulating, wavy
pattern of some the veins indicates a high temperature (hypothermal) environment.
Using this information, the Company has continued d rilling holes which still contained
the intrusive whether it was mineralized or not. As a result, all holes on the Montrose
were continued past areas where previous drilling w ould have been terminated. All
three holes completed on the Montrose zone contain visible gold at depths deeper than
expected. The 3 holes have tested a zone up to 150 m in vertical height in an area that
had not been tested previously.
The latest hole drilled at minus 50 degrees and at right angles to the zone was off the
same set-up as hole 1 and 2. It intersected almost 100 metres of weakly sheared and
brecciated intrusive with mineral zonation occurrin g from 150 to 250m in depth. Along
the upper intersection, weak disseminated pyrite is present with local quartz-amethyst-
galena-sphalerite-chalcopyrite-pyrite stringers in zones up to 5 m. At 163 m core length,
fine visible gold is noted in galena-sphalerite str ingers. From the top mineralized zone,
short galena-sphalerite sections are noted to 218 m where the hole intersects a 18 m
section of quartz-amethyst-galena-sphalerite-chalco pyrite-pyrite stringers. At 227 and
229 m, visible gold is noted within the galena-spha lerite veinlets. At the termination of
the galena-sphalerite veinlets, chalcopyrite-pyrite veining is present along the bottom
chill margin of the intrusive as well as the baked contact of the red tuff. The
chalcopyrite-pyrite veining is present over a 10 m length. True width of the intrusive
appears to be at least 70 m in DDH-Mon-17-3. Photos of the gold bearing galena
stringers as well as chalcopyrite-pyrite stringers are included below.
On the Red Cliff zone, located 900 m south of the M ontrose drilling, the Company has
completed 3 holes. The holes contain a 5-6 m wide m ineralized zone with strong
chalcopyrite-pyrite within quartz veins and silicified intrusive.
A quality assurance/quality control program includi ng blanks and standards form part of
Decade’s sampling protocol in addition to the labor atory's own quality assurance
program. The field program was supervised by Decade Resource staff and the technical
information in this news release has been prepared in accordance with Canadian
regulatory requirements as set out in National Instrument 43-101
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, will be
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.
The Company is pleased to announce it is using its best efforts to complete a non-
brokered private placement of flow-through and non- flow-through units to raise
aggregate gross proceeds of up to $450,000.
The flow-through offering will be comprised of up t o 2,941,176 flow-through units, at a
price of $0.085 per flow-through unit, for gross pr oceeds of up to $250,000. Each flow-
through unit will be comprised of one flow-through common share and one transferable
non-flow-through common share purchase warrant, eac h warrant being exercisable for
the purchase of one additional common share, at a p rice of $0.11 per share, for a two
year period.
The offering of non-flow-through units will be comp rised of up to 3,076,923 units, at a
price of $0.065 per unit, for gross proceeds of up to $200,000. Each unit will be
comprised of one common share and one transferable common share purchase
warrant, each warrant being exercisable for the pur chase of one additional common
share, at a price of $0.09 per share, for a two yea r period. For information on the
offering, please contact Gary Assaly at [email protected] or 604-377-7969.
Decade Resources Ltd. is a Canadian based mineral e xploration company actively
seeking opportunities in the resource sector. Decad e holds numerous properties at
various stages of development and exploration from basic grass roots to advanced
ones. Its properties and projects are all located i n the “Golden Triangle” area of
Northern British Columbia. For a complete listing o f the Company assets and
developments, visit the Company website at www.decaderesources.ca which is
presently being up dated. 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”
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 stat ements. 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.”