23:49:20 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Decade Resources Ltd (3)
Symbol DEC
Shares Issued 70,751,726
Close 2023-05-29 C$ 0.095
Market Cap C$ 6,721,414
Recent Sedar Documents

Decade Resources begins drilling Red Cliff

2023-05-30 08:54 ET - News Release

Mr. Ed Kruchkowski reports

DECADE ANNOUNCES START OF RED CLIFF DRILLING

Decade Resources Ltd. has started a drill program on the Red Cliff property. The property is located 20 kilometres north of Stewart, B.C., in the Golden Triangle region of the Skeena mining division.

The property has a greater than 1.2-kilometre zone of alteration and mineralization. The Red Cliff zone at the south end of the mineralization on the property was historically developed with 2,385 metres of underground workings on five levels from four portals over a vertical distance of several hundred metres, with limited copper-gold production reported in 1910 to 1912 and 1973. From 1910 to 1912, production from the Red Cliff zone amounted to approximately 1,136 tonnes at a grade estimated to average 5 per cent copper. In 1972, approximately 3,776 tonnes of ore were mined by a private company and processed at a local mill located 10 km from the property. No production records for the copper and gold content mined or values recovered are available. The only reserve estimate reported for the Red Cliff zone was in 1912 (BC Minfile) which estimated a total of 18,900 tonnes averaging 3.19 per cent copper and 2.86 grams per tonne gold. This estimate only considered broken, mineralized material within a stope on one of the levels of the mine. Note: This estimate is historical and is not National Instrument 43-101 compliant and is used for reference purposes only.

The Lower Montrose zone occurs approximately 1,000 metres to the north of the Red Cliff zones within Lydden Creek canyon consisting of silicified andesite associated with shearing, with pyrite, chalcopyrite, galena and sphalerite mineralization occurring in quartz veins and stockworks. This zone has been developed along a short adit in a very steep part of the property. Initial sampling, conducted after discovery above the portal area near one of the adits, returned 198 grams per tonne gold across 2.59 metres. During 1939 to 1941, a total of 59 tonnes was mined, averaging 84.4 grams/tonne gold, 101 grams/tonne silver, 0.91 per cent copper, 3.5 per cent lead and 4.41 per cent zinc. Previous operators conducted surface sampling in 1979, which returned 19.3 grams/tonne gold across 2.43 metres, and their 1987 surface sampling returned 7.93 grams/tonne gold across 3.81 metres. These data are historical and are not NI 43-101 compliant and are used for reference purposes only.

The company is presently drilling 200 m north of and 200 m vertically higher than the Lower Montrose (located along the 1.2 km zone) called the Upper Montrose to further define the results of previous company drilling. Drilling is testing multiple parallel mineralized structures in the area of 2009 results shown in the attached table.


DDH No.      From (m)   To (m)  Width (m)   Gold (g/t) 

DDH-2009-5     41.77    44.72       3.05        10.08  
DDH-2009-5     49.70    51.07       1.37        16.94
DDH-2009-5     57.01    61.25       4.24        10.79
DDH-2009-6     53.66    57.32       3.66        38.71
DDH-2009-6     69.97    72.26       2.29        142.2

A panel of drill holes, on the first drill station, indicate deeper than anticipated overburden. Edges of the zone were intersected containing stringers of chalcopyrite and pyrite in sericite altered rocks. The drill has been moved to a drill station 50 m from the first drill station and the first hole on this panel was completed. It intersected sulphide stringers and veins with fine visible gold noted.

Crews have started work in Terrace on the Treasure Mountain project. The source of the Nobody Knows No. 2 zone is within the exploration focus.

Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is responsible for the contents of this release. Mr. Kruchkowski is not independent of Decade as he is the president of the company.

Decade Resources 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 grassroots to advanced ones. Its properties and projects are all located in the Golden Triangle area of Northern British Columbia.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.