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. (the “Company”) announces it is using its best efforts to complete a non-brokered private placement of flow-through units to raise aggregate gross proceeds of up to $1,000,000 and non flow through units to raise up to $100,000.
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has entered into an option agreement with Teuton Resource Corp. on the Lord Nelson property. The property located 34 kilometres east of Stewart, BC is comprised of 2630 ha in 6 separate claims. The property is located along contact zone of volcanics to the west and sediments to the east.
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has been informed by Teuton that drill permits have been received for the Del Norte property.