Mr. Ed Kruchkowski reports
DECADE PLANS DRILL PROGRAM ON THE BONAPARTE PROPERTY IN KAMLOOPS MINING DIVISION
Decade Resources Ltd. plans a drill program on the Bonaparte copper-gold property, located approximately 50 kilometres (km) north of Kamloops, B.C., within the Kamloops mining division. Drilling will commence once permits are in place and weather conditions allow.
The property has different target areas, including:
- Cu/Au/Mo (copper/gold/molybdenum) porphyry potential;
- Bulk-tonnage RIRGS target with high-grade gold results in historic drilling, trenching, underground exploration;
- High-grade gold-copper low-sulphidation epithermal veins system.
Ed Kruchkowski, president of Decade Resources, stated:
"The Bonaparte gold project is an exciting property located in an area well accessed by a network of logging roads. The presence of gold-bearing low-sulphidation epithermal quartz veins open to extension along strike and to depth where multiounce gold assays have been intersected in historic drilling presents a large exploration target. The underlying IP anomaly presents a compelling target and this first drill hole will not only test a wider area for gold-bearing veins but also test to depth. In addition, the presence of historical copper and gold soil geochemical results extending to the southeast from the discovery zone approximately one km away are also above indicated IP anomalies. Gold-in-soil results are reported with up to 3,270 ppb Au, as well as prospecting uncovered a quartz vein float sample, which assayed 73.03 g/t Au, extending the exploration area even farther south. Gold-rich epithermal vein systems are somewhat unique, projects like Sleeper and Midas in Nevada, and Hishikari in Japan are examples, and we are excited to have a project to drill for this kind of system. We are also delighted to have what appears to be an entire epithermal vein system and porphyry system completely intact at Bonaparte, and look forward to drilling both targets."
Discussion of Bonaparte
In 1994, from within the property area, a 3,700-metric-ton bulk sample of mineralized vein material from surface trenching to a vertical depth of 12.2 metres (m) from an open cut on the Nutcracker, Owl, Grey Jay and Crow vein systems, with an average grade of 25.4 grams per tonne (g/t) gold (Au) produced 3,160 ounces of gold. In 2010, a small bulk sample from the Crow vein was shipped to the Kinross mill in Republic, Wash. The 364-ton sample assayed 16.3 g/t Au (0.475 ounce per ton (oz/t) Au), yielding 161.95 troy ounces of gold. The above results are both from the B.C. Minfile and a National Instrument 43-101 report by R. Kemp. The company thinks that these results can be relied on.
In 2013 to 2014, historical IP (induced polarizaton) surveys indicated resistive anomalies that are considered high-priority drill targets that may indicate the presence of silicification, quartz veining or potassic alteration -- features that commonly host disseminated gold or copper mineralization. These resistivity anomalies coincide with high-chargeability anomalies, suggesting a silica-rich, resistive host rock containing disseminated conductive sulphides. This interpretation is in line with comments from geological examinations by geologists from the British Columbia Geological Survey, Ministry of Energy, Mines and Natural Gas, state: "We speculate that the Bonaparte deposit represents an upper level of a buried porphyry system."
The IP anomalies appear to start at approximately 300 m depth and extend beyond 500 m in depth as per the 43-101 report by R. Kemp. The company plans a minimum of 3,000 m of drilling consisting of five holes, each 500 m in length. The first target area will be the anomaly beneath the mined zone.
Qualified person
Ed Kruchkowski, PGeo, president of Decade Resources, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical contents of this news release.
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 mostly located in the Golden Triangle area of Northern British Columbia. For a complete listing of the company assets and developments, visit the company website.
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