Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource sector. The Company has a 65% interest in the Red Cliff property in north-western British Columbia. It has 100 % interest in the Goat, Grassy, Premier East and Terrace area properties. It can earn a 70% interest in the Del Norte property located in the Golden Triangle area of BC.
The Company holds an extensive portfolio of exploration projects including: 65% interest in the Red Cliff property, which hosts the Upper Montrose, Lower Montrose, and the Red Cliff Copper/Gold Zones near the town of Stewart, BC; 100% interest in claims located over the former Goat Mine, a small producer in the 1970s, approximately 35 kilometres northeast of Stewart and 5 kilometres north of the Stewart highway (37A) along the BA massive VMS horizon. The Company also has a 100 % interest in the Grassy and Premier East properties adjoining the former producing Premier mine being explored by Ascot Resources Ltd. The company owns a 100 % interest in the Treasure Mountain, Dardanelle and Terrace Gold properties 10 to 35 km east of Terrace BC. The Company also has an option to acquire a 70 % interest in the Del Norte gold – silver and gold-copper property.
DEL NORTE PROPERTY UPDATE
Del Norte Property Description
The Company has started evaluating the Crackle zone which was only partially exposed in 1993-1994 when most of the historic sampling occurred. Since this sampling, the Del Norte Glacier has retreated over 500 m and over 100 m of vertical height has been exposed. The zone consists of strong shearing and brecciation with strong quartz-calcite flooding. The Crackle zone is a 700 m wide zone with quartz-sulphide veins and stringers from cm to meter widths with high gold values associated with arsenopyrite. Sampling in the past on quartz sulphide stringers gave up to 29.7 g/t Au over 1 m and grab sampling up to 65.63 g/t Au. The Company has not confirmed these assays with their sampling and are using them for reference purposes.
Company News Updates
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has received assays from surface grab sampling on the Crackle zone at the Del Norte project.
DECADE ANNOUNCES $1.2 MILLION OVER SUBSCRIBED PRIVATE PLACEMENT; ERIC SPROTT TO PURCHASE 10 MILLION UNITS
Stewart, BC – Decade Resources Ltd. has arranged, subject to approval from the TSX Venture Exchange, a non-brokered private placement of up to 24 million units for gross proceeds of up to $1.2-million.
Stewart, BC – Decade Resources Ltd. (the “Company”) has increased the size of its previously announced private placement from $800,000 to $1,200,000. The offering will comprise 24 million flow-through units, at a price of five cents per flow-through unit.