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 Lord Nelson gold-copper property.
DEL NORTE PROPERTY UPDATE
Del Norte/Lord Nelson Property Program
The Del Norte – Lord Nelson properties are contiguous located about 34 kilometers east of Stewart, British Columbia in the Skeena Mining Division. The claims in the properties are aligned north-south to cover an area of Hazelton pyroclastic volcanic rocks that have been faulted against sedimentary rocks of the Bowser Lake formation.
The Del Norte property is comprised of 5,830.16 ha in 13 separate claims while the Lord Nelson property is comprised of 2630 ha in 6 separate claims.
- Location of 4 new zones of high grade silver-gold zones on the Del Norte.
- High grade zones include the Kosciuszko, LG, Argo, Eagle’s Nest, New and PB.
- High grade silver-gold drill intersections on the newly outlined Argo zone.
- Locating copper-visible gold bearing zones on the Lord Nelson.
Company News Updates
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has cancelled the June 13 2022 private placement and is using its best efforts to complete a non-brokered private placement of non-flow-through shares to raise aggregate gross proceeds of up to $806,000.
The Company is proceeding with a consolidation of its issued and outstanding share capital on the basis of one post consolidated common share for every five pre-consolidated common shares.
Please refer to the enclosed release for complete details of the share consolidation.
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) is reviewing the Company 2022 field season exploration which includes drilling the Red Cliff gold-copper, Del Norte porphyry copper-gold and Treasure Mountain copper-silver projects. Red Cliff In the period...