Decade Resources is dirt cheap at at $0.37 cents and is primed to make a big run this year similar to that of 2009.
After a successful drilling program at Red Cliff they have had some of the best grades and intercepts on the project to date with 5 of 27 holes being released so far with the best of that being 11.74g/t au over 7.93 meters which is very good. The drill is now being mobilized to test the Bonanza Gold bearing Zone 'Montrose' with a best result last summer of 9.64g/t au over 55.18 meters! This discovery last year generated a lot of excitement and drove the stock to heights of close to $2. So you can expect a steady release of results with Decade this summer to drive this stock and value as gold starts moving back above $1200 for good later this summer.
One problem that has dogged Decade this year is that yes they are drilling Montrose, but drilling is limited because they didn't get permission for a road cut. So they will get some exciting results but step out drilling will be limited this year to what they should be doing if the government had given them permission for the road cut and a more aggressive program could have been undertaken. Decade took a good run to .60 where it couldn't break through so the current price of 0.37 represents great value with 0.60 being a minimum target again with possibly this one getting to $1 again on great results that increase the potential of the projects.
In addition their 60% interest in Red Cliff and Montrose, Decade announced recently that they have discovered a significant Copper-Gold porphyry deposit at their 100% owned Wedeene property. It is very early but this so far looks great with 100m intercepts averaging 1 g/t au and .5% cu. If Decade can continue to deliver this type of results at Wedeene over a significant area the potential could be huge as this deposit would be prime open pit from surface. So far all holes have ended in mineralization with the stronger grades being at the end of the holes. This property looks very promising and if both properties continue to be developed to have significant reserves. Decade resources will be a very good take over target at much higher prices.
With 2 very good irons in the fire, you cannot ignore this tiny little company looking for gold in BC.