02:35:54 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
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Decade Resources Ltd (3)
Symbol DEC
Shares Issued 88,798,404
Close 2024-02-06 C$ 0.065
Market Cap C$ 5,771,896
Recent Sedar Documents

Decade samples up to 13% Cu at Copper River

2024-02-06 12:31 ET - News Release

Mr. Ed Kruchkowski reports

DECADE ANNOUNCES COPPER ASSAYS FROM SURFACE SAMPLING FOR TREASURE MOUNTAIN, TERRACE BC

Decade Resources Ltd. has received the assays and compiled assays from a surface program at the Treasure Mountain portion of the Copper River project. The project is part of a large claim holding consisting of 52 contiguous minerals claims, which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totalling 23,016.7 hectares. All 52 mineral claims are 100 per cent owned by Decade Resources. The project stretches from 10 air kilometres to 40 air km east of Terrace, B.C., on the northern slopes of the Copper River valley.

Within the Terrace Copper project property, there are several red bed copper trends and a granodiorite intrusion separating them. The Nobody Knows trend is approximately 20 km west of the Treasure Mountain trend. On the Treasure Mountain trend, approximately 22 copper-silver showings occur over a 15 km belt. The Nobody Knows trend is a newly discovered one and the full extent has not been defined.

Highlights of the 2023 exploration program include:

  • On the North Ridge area of Treasure Mountain, several zones of significant mineralization were identified. A brecciated quartz-calcite shear zone up to two metres in true width hosted significant chalcopyrite and bornite, up to 3 per cent locally, with extensive malachite staining on weathered surface (samples AA003777-80). Another larger, shear-related quartz-calcite-epidote vein 900 m to the north of the peak displayed blebby to semi-massive bornite mineralization across a true width of up to eight metres, with intense malachite staining throughout (samples AA003783-88).
  • The table entitled "North Ridge significant assay values greater than 1 per cent Cu [copper]" shows the select grab and chip samples from the North Ridge area.

Work indicated a zone that was 50 m by 30 m in exposure with numerous copper-bearing veins and shears in the northeast part of the North Ridge area.

Of particular interest, sample AA000448, a small float sample of calcite with chalcocite and bornite assayed 62 grams per tonne (g/t) gold (Au) and 9.69 per cent copper. This type of veining may be responsible for the placer gold found downstream along Kleanaza Creek.

On the Treasure Mountain area, copper-silver mineralization is hosted mostly within vesicular and, to lesser extent, massive basalt. Mineralization is dominated by bornite, chalcocite and malachite, with lesser covellite and chalcopyrite, and little to no pyrite. These sulphides constitute from trace to 5 per cent of the rock, forming grains, small blebs and veinlets which show strong association with silicification and or quartz-epidote veins. This type of mineralization does not contain any appreciable gold but is enriched in silver, fitting the model of a red bed-type copper-silver mineralized system. There does appear to be any association with faults or fracture zones.

For Treasure Mountain, exploration has identified three periods of mineralization, namely: copper-silver-bearing sulphides in volcanic red beds, followed by copper sulphide-silver-bearing shear zones and, last, a late-stage epithermal copper sulphide-silver-gold-bearing quartz-carbonate stockworks. Copper-bearing sulphides include chalcopyrite, bornite and chalcocite, and possibly native copper.

The company plans to follow up the significant results during the 2024 exploration.

All samples were analyzed by ALS Labs in North Vancouver, B.C.

Decade announces that it has granted 4.6 million incentive stock options to directors and consultants of the company. The options are exercisable at 10 cents and will expire in five years.

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 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.

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