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Decade Resources Ltd (3)
Symbol DEC
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Close 2026-08-06 C$ 0.07
Market Cap C$ 17,219,422
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Decade Resources mobilizes drill to Bonaparte

2026-08-06 18:26 ET - News Release

Mr. Ed Kruchkowski reports

DECADE MOBILIZES DRILL FOR PHASE I DRILLING AT THE BONAPARTE PROPERTY

Decade Resources Ltd. has mobilized a drill to the Bonaparte copper-gold property, located approximately 50 kilometres (km) north of Kamloops, B.C., within the Kamloops mining division. The property consists of four mineral tenures (claims) totalling 4149.63 hectares in size.

The property has various target areas, including:

  • Cu/Au/Mo (copper/gold/molybdenum) porphyry potential;
  • Bulk-tonnage RIRGS target with high-grade gold results in historical drilling, trenching, underground exploration;
  • High-grade gold-copper low-sulphidation epithermal veins system.

Ed Kruchkowski, president of Decade Resources, stated:

"In late July, a contract sampling crew completed a soil sampling survey over the south part of the indicated IP anomaly resulting in the collecting of over 750 soil samples and 30 rock samples. The rocks were cut with a diamond saw to provide smooth surfaces for study. In examination of the rock samples, many were hornfels, which is a fine-grained metamorphic rock without obvious foliation that forms by heat from a nearby magma. What was of great interest was the fine fracturing in this hornfels containing fine veinlets of chalcopyrite and pyrite. These rocks are interpreted as being over 275 m above the chargeability anomaly (source postulated to be altered and mineralized intrusive). The company feels that this is further evidence of all the positive indicators for a buried porphyry copper-gold system as indicated by geophysical data (chargeability high and resistivity high), geochemical data MMI (mobile metal ions) copper-gold anomalies, as well as soil anomalies and outcrop exposures with copper-gold values in the Discovery area."

Discussion of Bonaparte

In 1994, from within the property area, a 3,700-metric-tonne 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 (oz) gold. In 2010, a small bulk sample from the Crow vein was shipped to the Kinross mill in Republic, Wash. The 364-tonne 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. The previous operator had a 10,000-tonne extraction permit, which would include both mineralization and wall rock. This sample was extracted from an area 20 m wide along the closely spaced veins. This implies a grade of 0.317 oz/t or 9.86 g/t over this 20 m wide zone, offering great potential for delineating a substantial gold system.

In 2013 to 2014, historic IP (induced polarization) surveys, existing geophysical and geological data indicate the potential for a large porphyry system situated approximately one km south of the original Discovery zone. A second and smaller zone also appears to lie below the original Discovery zone at depth. Data indicate the larger southerly body begins near the surface and gradually increases in size to approximately three km wide by two km wide at approximately 275 m depth and then gradually decreases in size to a depth of 500 m, which is the extent of the geophysical data. The overlapping low-resistivity and high-chargeability anomalies suggest there is a very good probability that they represent mineralized zones.

Indicated resistive (IP) anomalies 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, stating, "We speculate that the Bonaparte deposit represents an upper level of a buried porphyry system." Reference for this is located in "Bonaparte gold: another 195 Ma porphyry Au-Cu deposit in southern British Columbia?," James M. Logan and Mitchell G. Mihalynuk, British Columbia Geological Survey, Ministry of Energy, Mines and Natural Gas, page 71, 2013.

The IP anomalies appear to start at approximately 300 m depth and extend beyond 500 m in depth as per the NI 43-101 report by R. Kemp. The company plans a minimum of 3,000 m of drilling consisting of five to six holes, each 500 m or more in length.

The potential of the project is enhanced by its regional setting as the project is located in a structural trend of producing mines and deposits in the Quesnellia terrane, and is on a structural, stratigraphic and plutonic trend in common with Afton.

2026 drilling

The company plans to use a drill capable of drilling NQ-sized core to at least 500 m within the holes. Priority is in areas where independent evidence overlaps: MMI Cu/Au anomalies, soil Cu/Au geochemistry anomalies, chargeability, resistivity and access.

The first hole is planned to test the chargeability anomaly below the Discovery area. This is designed to test whether the Discovery-Cooler Creek corridor represents a connected mineralized system rather than isolated surface anomalies. The second hole approximately 500 m east will tests the MMI anomalies, as well as a resistivity high and chargeability-resistivity transition east of Discovery.

In total, 3,000 m are planned for the phase I drilling in six holes. The location of holes 3 to 6 will be determined after completion of holes 1 and 2.

Brush and Shine, a first nation contracting company, owned by a Tkemlups te Secwepemc band member based in Kamloops, B.C., has been contracted to provide fire suppression services during the drilling.

Qualified person

Ed Kruchkowski, PGeo, president of Decade Resources, is a qualified person as defined by NI 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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