Germany Chancellor plans lithium deal with Serbia after Rio ruling
Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 2, 2011) – Decade Resources Ltd. (“Decade” or the “Company”) (TSX VENTURE:DEC) reports it has received assay results for a further 4 drill holes and part of a fifth drill hole completed on the Upper Montrose zone at its Red Cliff project in Northwestern British Columbia. The Red Cliff is a gold/copper property consisting of 8 Crown granted mineral claims located approximately 25 miles north of the town of Stewart, British Columbia. The Company’s goal for the 2011 field season is to extend the zone up to 500 metres of strike and 250 metres of depth.
To date, a total of 41 drill holes have been completed to intersect below and southwest of DDH-MON-2009-1-6 and below the furthest southwest holes completed in 2010. The assays for DDH-MON-11-1 to 11 have been announced in previous releases. DDH-MON-11-12 to 14 were completed at the southwest end while DDH-MON-11-15 to 17 were drilled west of DDH-MON 2009-1 to 6. Results of the latest holes show a continuation of high gold values to the west in a down dip direction as follows:
| From | To | Width | ||
| DDH No. | (m) | (m) | (m) | Au g/t |
| DDH-MON-11-12 | 86.89 | 87.70 | 0.81 | 1.35 |
| and | 152.8 | 153.48 | 0.68 | 5.36 |
| DDH-MON-11-13 | 79.65 | 80.03 | 0.38 | 2.11 |
| DDH-MON-11-14 | 125.91 | 127.44 | 1.53 | 6.9 |
| DDH-MON-11-15 | 18.90 | 34.76 | 15.85 | 12.04 |
| and | 48.48 | 51.52 | 3.05 | 1.99 |
| DDH-MON-11-16 | 17.99 | 20.58 | 2.59 | 2.06 |
| and | 24.09 | 27.59 | 3.54 | 3.10 |
| and | 29.88 | 36.28 | 6.4 | 3.26 |
| and | 46.95 | 54.57 | 7.62 | 2.1 |
| and | 62.20 | 62.80 | 0.6 | 2.74 |
| DDH-MON-11-17 | 27.13 | 49.85 | 22.71 | 5.22 |
| and | 60.37 | 63.72 | 6.1 | 2.1 |
Note: DDH-11-MON-17 is awaiting further assays from other mineralized sections.
Drilling is continuing with the expectation of running the program until freeze up. At present, drill pads and access roads are being completed to test the area further southwest.
All samples are assayed by AGAT Laboratories of Mississauga, Ontario and Loring laboratories of Calgary, Alberta.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company and has reviewed and approved of the contents of this release.
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. Its properties and projects are primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website atwww.decaderesources.ca.
ON BEHALF OF THE BOARD
Ed Kruchkowski, President
“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.”
“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.”
