07:27:28 EDT Thu 02 May 2024
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or Name
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Decade Resources Ltd (3)
Symbol DEC
Shares Issued 88,572,724
Close 2023-10-18 C$ 0.16
Market Cap C$ 14,171,636
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Decade drills 2.13 m of 5.39% Cu at Copper River

2023-10-19 13:01 ET - News Release

Mr. Ed Kruchkowski reports

DECADE CONFIRMS DISCOVERY ON THE NOBODY KNOWS COPPER PROJECT AND UPDATES SURFACE EXPLORATION AT TREASURE MOUNTAIN, TERRACE BC

Decade Resources Ltd. has continued to core significant copper sulphide mineralization intercepts from the recently discovered Nobody Knows No. 2 zone at the Copper River project. The project is part of a large claim holding consisting of 48 contiguous minerals claims which include the Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totalling 17,470 hectares. All 48 mineral claims are 100 per cent owned by Decade Resources. The project stretches from 10 to 40 air kilometres east of Terrace, B.C., on the northern slopes of the Copper River valley. Highlights of the program include:

Nobody Knows:

  • Diamond drilling continues to intersect copper sulphides in felsic volcanic flow rocks. Primary sulphides are bornite with minor chalcocite and covellite as well as chalcopyrite.
  • Copper mineralization has been outlined along 200 metres of strike and to a depth of 150 metres at the Nobody Knows No. 2 zone.
  • Drilling has shown an increase in bornite with depth particularly in holes 3, 8 and 16.
  • The discovery drill holes show similarities to many of the world's major sediment-hosted copper systems with the association of silver with copper.
  • Drilling has tested four different zones with 3,000 metres completed in 26 holes.
  • Rocks hosting the copper mineralization present have been sheared with abundant ground up copper mineralization (bornite) in the fault gouge.

The company has only received partial assay results for the first two shallow holes targeting the area of copper mineralization. In addition, deep overburden in the first pad area resulted in only part of the high-grade zones being intersected once bedrock was hit. Partial assay results that represent the west side of the zone for the first two holes are reported herein.

Treasure Mountain surface exploration update

On the Treasure Mountain property 20 km east, work in 2023 located a wide zone of malachite stained (copper carbonate) felsic volcanic flows with stringers of high-grade bornite mineralization. Assays in grab samples have been as high as 10 per cent copper with some carrying gold values up to 4.27 grams per tonne gold.

The core is being logged and diamond sawn based on lithologies and/or mineralization with assay results to be released as received. The company is waiting for further assay results and will release when received.

All samples are submitted to the ALS prep labs in Terrace, B.C., with analysis to be completed in Vancouver, B.C.

Ed Kruchkowski, PGeo, 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. Mr. Kruchkowski is not independent of Decade as he is the president of the company.

About Decade Resources Ltd.

Decade 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.

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