Decade Resources Ltd.: Blackwater Area Claims Acquiredadmin
Decade Resources Ltd. and Mountain Boy Minerals Ltd. are pleased to announce 3 separate blocks of claims were jointly staked in early February in the Blackwater region of BC. One block adjoins the discovery property owned by Richfield Ventures Ltd. The companies acquired a total of 37,296.28 ha in 80 claims. The properties are readily accessible along a well developed network of established forestry roads in the area.
At Blackwater, disseminated gold-silver mineralization and high-grade gold in shear-hosted veins is reported as being hosted in Jurassic aged Hazelton Group rhyolites. Richfield has recently announced exceptional drill results from its Blackwater Gold Project, including 205m of 2.04 g/t Au (Reported in Stockwatch, January 25, 2011), and 145 metres of 2.70 g/t Au. (Reported in Stockwatch, March 15, 2011). At a base case cut-off grade of 0.40 g/t Au, the estimated global indicated resource is 53.46 million tonnes at an average grade of 1.06 g/t Au containing 1.83 million ounces gold, with an additional 75.45 million tonnes at an average grade of 0.96 g/t Au containing 2.34 million ounces gold in the inferred category. New Gold is now acquiring all of the outstanding common shares of Richfield.
Decade and Mountain Boy plan to explore the different claim blocks as soon as weather conditions permit. The work will include geochemical surveys, geological investigation and exploratory drilling as dictated.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, has prepared this release and is charge of the exploration program on behalf of the companies.