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Decade Resources Ltd (3)
Symbol	DEC
Shares Issued	70,751,726
Close 2023-06-13	C$ 0.10
Market Cap	C$ 7,075,173
Recent Sedar+ Documents

Decade completes phase I drilling at Red Cliff

2023-06-13 07:24 ET - News Release

kruchkowski Subject: Decade Resources Press Release Word Document File: '\\swfile\EmailIn\20230613 042112 Attachment DEC-2023 June 13 Update 1.docx' Decade Resources Ltd. 426 King Street Stewart, BC V0T 1W0 TSX.V Trading Symbol: DEC NEWS RELEASE June 13, 2023 DECADE ANNOUNCES EXPLORATION UPDATE Stewart, BC - Decade Resources Ltd ("Decade") or the Company announces updates on exploration programs that it is presently conducting during the 2023 exploration field season. It has completed the Phase I drill program on the former Red Cliff copper mine property. The property is located 20 km north of Stewart BC in the "Golden Triangle" region of the Skeena Mining Division. A total of 18 holes totaling 1300m has been completed. Surface sampling on the Nobody Knows copper showings on the Copper River property in the Terrace area of BC in the Skeena Mining division. On the Red Cliff property, alteration and copper-precious metal mineralization has been defined over a strike length of 1.2 km associated with dacite intrusives forming a zone 40 m wide. During the 2023 exploration 18 short holes along panels from 4 drill stations bracketed the Montrose portion of the system. The program was successful in defining the zone in the area of drilling. It appears that there is a steep west dip to the zone with 3 stages of mineral emplacement: pyrite-gold, chalcopyrite-pyrite-quartz followed by late stage sphalerite-galena. Core from the first 9 holes has been logged and cut with samples delivered to a laboratory. The remaining holes are being logged and cutting and delivery to a laboratory expected in the next week. The Company is planning a Phase II program once additional drill stations are completed to target the following zones: One drill station south of the 2023 program just completed. Another drill station 150 m north of the presently completed 2023 program Road zone to check for additional copper-precious metal zones. It has similarities to the Montrose zone. Above the former Red Cliff mine workings where little work has been done due to the steepness of the terrain. The photo below shows the drill located on drill station 4. The next 2 photos below shows core cut in DDH-2023-9 displaying chalcopyrite veins within sericite altered volcanic rocks. Uncut core from DDH-2023 with chalcopyrite mineralization is shown in the 2nd photo below. The third photo shows intense malachite stain related to chalcopyrite in red bed replacement mineralization across 3 m exposed on the Nobody Knows exploration program. Samples from this program have been sent to ALS Labs in Terrace BC. The properties being explored qualify for the Mineral Exploration Tax Credit (METC). The federal act allows the Mineral Exploration Tax Credit (METC) to provide an additional income tax benefit for individuals who invest in mining flow-through shares, which augments the tax benefits associated with the deductions that are flowed through. The METC is equal to 15 per cent of specified mineral exploration expenses incurred in Canada and renounced to flow-through share investors. The act allows a new 30-per-cent Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The specified minerals that would be eligible for the CMETC are: copper, nickel, lithium, cobalt, graphite, rare earth elements, scandium, titanium, gallium, vanadium, tellurium, magnesium, zinc, platinum group metals and uranium. These minerals are used in the production of batteries and permanent magnets, both of which are used in zero-emission vehicles, or are necessary in the production and processing of advanced materials, clean technology, or semi-conductors. Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company. 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 ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969. ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD. "Ed Kruchkowski" Ed Kruchkowski, President "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." "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."