Tuesday, September 14, 2010

Decade Extends Montrose Bonanza Zone 100m

Decade Resources released results from the first hole of drilling on the high grade Montrose Zone today. Results in my opinion that warrant yesterday's spike. They have drilled a total of 28 holes on the project south and below the the discovery in 2009 and the first hole which is 100m south and 60 m deeper of the holes drilled in 2009 returned 12.19 gt/ au over 7.60 meters. This is excellent news as it confirms the continuity of the deposit south along strike and down dip. Adding an additional 100m to the deposit is very good news indeed and bodes well for the rest of the results of the drill campaign.

They also released results of drilling at the Red Cliff zone after following up an interesting intersection, but results did not warrant further drilling as intervals bearing gold were not large enough with some not even averaging a meter. The Red Cliff Zone has only yielded average results at best and the excitement about the project on the Red Cliff Property lies with the high grade Montrose zone. If Decade can continue to extend the high grade zone south and down dip, Decade has a chance to materially add ounces to the project on the Red Cliff Property.

With lots of results pending on 2 exciting drilling projects, Decade represents good value under .30. Today's trading is an excellent opportunity to get cheap shares.




Happy Trading :)

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