Decade Resources Provides Company Update
TSX VENTURE: DEC
Stewart, BC / March 28, 2018 / JMN Wire / Decade Resources Ltd (“Decade”) reports that it is finalizing exploration plans for 2018 on four of its properties. Three properties are in the Stewart area and one in the Terrace BC area. The property areas are in the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts, host to past and current mining operations including Scottie Gold, Porter -- Idaho, Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper. Pretium is milling in excess of 2700 tonnes per day from the Valley of Kings deposit. It has 1.6 million ounces gold in the proven category (grade 14.5 g/t) and 6.5 million ounces in the probable category (16.1 g/t grade) (Pretium website). Seabridge has 460 million tonnes grading 0.68 g/t gold and 0.17 % copper in the proven category as well as 1,738 million tonnes grading 0.51 g/t gold and 0.22 % copper in the probable category. This reserve is within 4 different deposits ( Seabridge website)
Properties to be explored by Decade include the following:
Mapping in 2017 indicates that precious and base metals mineralization occurring on the property are spatially associated with trachytes. These have an aphanitic to porphyritic texture and are often weakly to moderately magnetic. Their black colour derives from alteration products which include Fe-rich, almost black chlorite along with fine-grained disseminated magnetite and pyrite. They are difficult to identify in the field. Most of the trachyte/latite occurrences present within the mapped area were identified by using a combination of staining by sodium cobaltinitrite and thin sections examination. Trachyte/latite occurs within a 50 to 80 metres wide horizon which has been traced for approximately 2.0 km open to the north. They do not form a single, clearly defined intrusion but rather many smaller, discrete intrusions. The Company plans to test the south limit of identified mineralization, particularly from the recent Waterpump drill results. Highlights of the latest assays received include:
- Intersection of 13.88 g/t gold over 7.5 m in DDH-17-M0N-38.
- Intersection of 10.41 g/t gold over 22.87 m in DDH-17-M0N-40.
- Intersection of 7.21 g/t gold over 7.16 m in DDH-17-M0N-41.
A data base with GPS locations for all holes as well as the elevations has been established. This data in conjunction with all the drill hole assays will be used to create a new model that shows gold grade shells. In addition all additional assays (cutting extra core) from previous holes have been entered into the data base. At present all the geological cross-sections are being redone to make them identified rock units compatible with surface mapping. The Company will also use the existing 2007-2012 and 2016-2017 data to prepare a preliminary resource calculation for the Montrose zone, including the Waterpump zone.
The Company plans to follow up on its 2016 gold-cobalt results on the Bow property. Drilling on the Bend vein yielded some of the following:
- 12.93 g/t Au and 0.19 % Co over 4.58 m in DDH 2016 BOW-3
- 21.8 g/t Au and 0.227 % Co over 5.8 m in DDH 2016 BOW-5
East of the above drilling, the vein has been exposed over a 75 m length. A total of 11 grab samples of sulphide rich material assayed from 1.2 to 41.67 g/t gold over the strike length of the exposed vein. Average of the samples was 12.47 g/t Au, 147.11 g/t Ag and 0.12 % Co. Two samples with semi-massive arsenopyrite assayed 33.87 and 41.67 g/t gold with a high of 0.49 % Co in one of the samples.
Plans include detailed sampling of the vein, further trenching and if warranted, more drilling.
Georgia River Property
Narrow quartz veins with pyrite, pyrrhotite, galena, sphalerite, chalcopyrite, arsenopyrite and electrum (gold-silver alloy) occur along northerly trending fault zones. Marked gold enrichment with an increase in quartz veining occurs along the northerly shears in areas associated with their intersection with earlier northwest veins. To date, a total of 18 vein systems have been discovered on the property of which 8 are wide NW trending quartz veins and 8 are later northerly trending gold bearing veins. Of the identified eight north trending veins, only one, called the Southwest vein has been explored to any great extent. Within it, there are 3 main zones (called Zone 1, 2 and 3) of gold bearing quartz veins where it intersects the earlier quartz veins. To date, only 1 of the above gold bearing zones along the Southwest vein has been explored in detail. The Southwest vein has been exposed by trenching and drilling for a strike length of at least 595 m over a vertical distance of at least 258 m. It has also been explored by two adits 85 metres apart topographically; the No. 1 level has been drifted along 47.8 m of the vein while the No. 2 has drifted for 155.5 m along the vein. From a small stope on the No 2 level, a total of 454 tonnes were mined and milled in 1937, yielding 10,200 grams Au, 12,705 grams Ag and 3312 kg Pb at an average grade of 22.56 g/t Au, 28.11 g/t Ag and 0.73 % Pb.
Based on underground sampling of the No 1 and 2 levels, surface trenching and 95 surface drill holes, a resource was calculated for the property. The reported total combined resources at Georgia River include 290,272 tonnes grading 28.7 grams per tonne gold. (BC Minfile report). The resource is non 43-101 compliant and has not been verified by the Company. E Kruchkowski, President of the Company performed most of the exploration work from 1980 to 1989 on the property and can verify on the validity of the obtained data in that period.
Highlights of past drilling include:
- 13.53 g/t over 2.98m in DDH-20-11
- 69.49 g/t over 2.44 m in DDH-GM-20
The Company plans a drill program in 2018.
Treasure Mountain property
The outcrops are strongly leached of copper which makes copper mineralization very difficult to detect by prospecting or soil sampling. Outcrops are often so strongly leached that there is no sign of high grade copper mineralization on the surface which can only be found after removing the first 10-15 cm of barren rock. Highlights of 2017 sampling include:
- 22.7 g/t Au, 1.14% Cu and 35.8 g/t Ag from a new showing that is a partially exposed shear in an overburden covered area.
- 9.98 g/t Au and 1.51% Cu from a grab sample from an old trench.
- A weighted average of 3.37% copper and 30.68 g/t silver from nine chip samples.
The company plans an IP geophysical survey over the area of high copper values and trenching to expose the gold bearing zone.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is responsible for the contents of this release. E. Kruchkowski is not independent of Decade as he is the president of the Company.
Decade Resources Ltd. 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 grass roots to advanced ones. Its properties and projects are all located in the “Golden Triangle” area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca which is presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-7969.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
Ed Kruchkowski, President
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
“This news release may contain forward--looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”