A total of 28 holes have been drilled on this project to date this summer and and a further 24 holes are being assayed. The great news that I have been waiting for is that the Red-Cliff jv committee is planning follow-up drilling on the Montrose zone and the site is being readied for the winter freeze up to allow drilling for the remainder of the year.
This is excellent news because not only are we to expect assays for the reaminder of the season from 24 holes, they will be continuing to drill the remainder of the season and aggressively define the Montrose zone which is open along strike and down dip. If you don't have DEC.V yet, todays news is an excellent signal to buy as the coming year should be really exciting for this company with a drill program that is being aggressively ramped up this winter.
The stock opened up at .40 and quickly ran to .445 before coming back to the current .37 which I think is an excellent entry point anywhere under .40 with the current news. The market has something to be excited about as the drilling will continue on the Montrose Zone though the end of the year with lots of results to come.
Highlights of the 2009 and 2010 programs include...
- 18.45 meters @ 49.2 g/t au
- 13.42 meters @ 8.19 g/t au
- 7.6 meters @ 12.19 g/t au
- 55.18 meters @ 9.64 g/t au
- 39.63 meters @ 4.75 g/t au
- 28.41 meters @ 5.78 g/t au
- 28.35 meters @ 7.3 g/t au
- 48.48 meters @ 4.17 g/t au
- 32.52 meters @ 7.53 g/t au
On a total of 13 holes that have hit mineralization, the average aggregate intercept is 27.82 meters at an average grade of 8.20 g/t au for an average rating of 228.2 grammeters on the Montrose Zone. This is an exciting project for Decade Resources and at a $12M Market Cap is a great buy as they ramp up exploration and development of the Montrose Zone this winter.
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