02:52:00 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 2023-11-20 C$ 0.13
Market Cap C$ 11,514,454
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Decade Resources summarizes work on B.C. properties

2023-11-21 13:13 ET - News Release

Mr. Ed Kruchkowski reports

DECADE ANNOUNCES PROJECT UPDATES

Decade Resources Ltd. has conducted programs on four different properties in the Golden Triangle area of British Columbia. The company is awaiting assay results on all of the properties explored.

A summary of some of the work on these properties is as follows:

Terrace project -- Nobody Knows zone

The company cored significant copper sulphide mineralization intercepts from the recently discovered Nobody Knows No. 2 zone at the Copper River prospect. The project is part of a large claim holding consisting of 48 contiguous minerals claims which include 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:

  • 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 m.
  • Four thousand m of drilling have been completed in 33 drill holes.
  • The discovery drill holes show similarities to many of the world's major sediment-hosted copper systems with the association of silver with copper.
  • Rocks hosting the copper mineralization present have been sheared with abundant ground-up copper mineralization (bornite) in the fault gouge.
  • During soil sampling, new zones of copper mineralization were located.

Assay results have only been received for parts of the first two holes and the company expects results for additional holes shortly. Due to the industry high demand for analysis, the receipt of results has been slower than usual. The company eagerly awaits the results for abundant copper mineral drill core intersections.

Results received for the first two holes, namely DDH-23-1, returned 1.82 per cent copper equivalent over 3.5 m (including 7.25 per cent CuEq over 0.76 m) and DDH-NB-23-2, which returned 2.13 m of 6.87 per cent CuEq.

Terrace project -- Treasure Mountain

The company also announces that it completed four drill holes testing bornite- and chalcocite-bearing quartz-epidote veins approximately 1.5 kilometres north of the Purdex zone. High copper values with associated silver occur within replacement zones in volcanic rocks along a 14 km strike length. At present, there are 22 different copper-silver showings. This area is 20 km west of the Nobody Knows mineralization being drilled. Historic drilling has been carried out on two small areas of this mineralized trend. On the Purdex occurrence, the following results were obtained:

A 26-metre surface chip sample assayed 2.44 per cent copper and 0.4 gram per tonne silver (Minister of Mines annual report, 1965). A total of nine chip samples ranging in length from 0.9 metre to four metres were collected from old trenches in 2017 by the company confirming earlier work. They assayed from 0.49 to 5.51 per cent copper and from 7.2 to 42.7 g/t silver. They gave a weighted average of 3.37 per cent copper and 30.68 g/t silver.

The 2023 drilling intersected quartz veining with bornite and chalcocite. The company will release assay results once they have been received and compiled.

In addition, surface sampling concentrated on areas with high assay results in past programs. Based on the 2023 work, an additional claim was staked to cover an area with chalcocite-bearing float boulders that assayed greater than 5 per cent copper.

Red Cliff

The company, as operator, conducted a drilling program that was in excess of 1,600 m of drilling in 23 drill holes to further define the Montrose zone. Initial results for the first 12 2023 holes are shown herein.

The company has received results for the remaining holes and is presently compiling them. Once completed results will be released.

In addition, geologists with climbing experience sampled above the original Red Cliff underground workings that had copper-gold production in the past. Exploration above the highest underground level indicated strong copper mineralization over several metres.

Grassy

The project is located 2.5 km north of the Premier gold-silver mine pit and three km east of the Big Missouri mine where Ascot Resources released high-grade results recently. The fault structures hosting mineralization over three km of strike are present on the claims. A two-day program was completed on the claims. Assay results have not been received and the company expects results shortly.

Del Norte

The company can earn up to a 55-per-cent interest in the property by spending $4-million over a five-year period. The company can an earn an additional 20-per-cent interest by carrying the property to commercial production. To date, the company has spent over $3-million. Geologists with climbing experience sampled in the area of the Eagle's Nest zone. Grab sampling of veins in 2021 was carried out with significant results herein.

Assay results have not been received and the company expects results shortly.

In addition, the company holds a 10-per-cent interest in the Premier East property which is located on strike with the Ascot Resource Prew zone on which results were recently released.

Assays are completed by ALS labs with preparation of pulps in Terrace and final results from analysis in North Vancouver, B.C.

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.

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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