22:37:08 EDT Thu 16 May 2024
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or Name
USA
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Decade Resources Ltd (3)
Symbol DEC
Shares Issued 70,751,726
Close 2023-07-26 C$ 0.08
Market Cap C$ 5,660,138
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Decade Resources receives drill permit for Nobody Knows

2023-07-27 09:34 ET - News Release

Mr. Ed Kruchkowski reports

DECADE RECEIVES DRILL PERMIT FOR THE NOBODY KNOWS CLAIM GROUP TO TEST THE NEW HIGH GRADE COPPER SHOWING

Decade Resources Ltd. has received a drill permit for the Nobody Knows claim group which is part of the extensive Treasure Mountain- Nobody Knows-Terrace Gold project in the Terrace BC area. The project stretches from 10 to 40 air kilometers east of Terrace, B.C., on the northern slopes of the Copper River valley. The project consists of 48 contiguous minerals claims totaling 17,470 hectares which form Treasure Mountain, Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties. All 48 mineral claims are 100% owned by Decade Resources Ltd.

The 2023 sampling has concentrated on the Nobody Knows # 2 showing area in order to identify the source of a rich bornite-chalcopyrite boulder float rock that assayed 41.2 % copper and 220 grams per tonne silver. As per the July 20 2023 release, the potential zone was identified approximately 50 m uphill from the float rocks. Based on hand trenching, the rich copper bearing zone appears to be in excess of 7m wide within dacitic volcanic rocks. Strong faulting is present along the zone with malachite (copper carbonate) staining within the fault gouge. Red bed volcanic rocks are present in the vicinity of the identified copper bearing source. Based on the association of high silver values with the copper, the Company feels that another belt of red bed associated mineralization has been identified.

The Company is expecting mobilization of a drill in the next several weeks to test this showing. The presence of an extensive network of logging roads will aid in the mobilization and completion of an initial 500m drill program.

The following photos show the rich bornite in Photo 1 from the identified showing as well as disseminated bornite plus a black mineral tentatively identified as chalcocite. In addition to the above 2 copper minerals, chalcopyrite and covellite were also noted. There are no other sulphide minerals noted such as pyrite making the showing unique.

The Treasure Mountain Nobody Knows properties have a great potential to host copper- silver deposits and/or copper-gold bearing stockworks. At present there are over 14 known copper bearing areas. They feature numerous individual copper occurrences of which only part have been examined in the 2022 exploration program. The main copper occurrences appear to be associated either with basalt or its subvolcanic equivalent (diabase). Other copper occurrences are related to faults and fracture zones. Almost all showings in this area have a similar mineralogy (mostly bornite and chalcocite) and geochemical signature (copper-silver) which suggest the same source of mineralization.

Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and 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. For investor information please call 250- 636-2264 or Gary Assaly at 604-377-7969.

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