Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces the start of a 2021 exploration program on the 100 % owned Terrace properties, including drilling on the Dar property. The Company has a drill permit for the program. In 2018 to 2020, the Company has carried out surface work defining the Dar property mineralization and previous work. The Dardanelle dyke-vein system was discovered in the early 1900’s and the original group of claims was recorded under the name of Dardanelle. In 1915, about 100 m of underground development was completed. In 1936, the underground work had been extended up to about 500 m and was followed by the installation of an air duct. Some surface trenching was also completed in 1948.
One of the Dardanelle prospects is a 5-7 metre thick steep system of albite dykes and quartz veins along the dyke contacts, the system trending at about 75 degrees and hosted by granodiorite of the Coast Plutonic Complex. The mineralization includes pyrite, chalcopyrite, sphalerite, galena, argentite, bornite, covellite, malachite and native gold. The assays include some high grade gold (up to 52.6 g/t) and silver (up to over 640 g/t) and some substantial grades of lead, zinc and copper. There appears to be 2 parallel vein systems up to 20 m apart. Highlights of 2020 surface exploration indicated the following:
- Quartz-sulphide mineralization is present on either 1 or both sides a felsic intrusive dyke.
- The mineralization has been traced over 600 m and is open along strike and depth.
- Sampling returned 52.6 g/t Au from the farthest east sampling.
Highlights of the sampling are shown below:
|
|
Sample Type |
Au g/t |
Ag g/t |
Cu % |
Pb % |
Zn % |
|
DAR 1 |
Grab |
3.85 |
6.5 |
0.011 |
0.204 |
0.004 |
|
DAR 2 |
Grab |
5.41 |
13.8 |
0.014 |
1.22 |
0.0046 |
|
DAR 3 |
Grab |
1.41 |
68 |
1.220 |
6.34 |
0.0081 |
|
DAR 4 |
Grab |
3.96 |
80.5 |
2.050 |
5.62 |
0.0087 |
|
DAR 5 |
Grab |
1.78 |
59.2 |
0.660 |
3.85 |
0.0085 |
|
DAR 6 |
Grab |
6.35 |
77.7 |
0.628 |
0.087 |
0.0019 |
|
DAR 7 |
Grab |
4.36 |
43.9 |
0.467 |
0.042 |
0.0015 |
|
DAR 8 |
Grab |
6.1 |
67.4 |
1.400 |
0.648 |
0.0033 |
|
DAR 9 |
Grab |
0.042 |
1.4 |
4.930 |
0.01 |
0.0094 |
|
DAR 10 |
Grab |
52.6 |
74.8 |
0.105 |
4.21 |
0.0995 |
|
DAR 11 |
Grab |
3.73 |
19.2 |
0.036 |
8.95 |
0.0023 |
|
DAR 12 |
Grab |
4.01 |
17.1 |
0.069 |
3.52 |
0.0021 |
Above assays have previously been reported.
Grab samples are solely designed to show the presence or absence of any mineralization and to characterize the metal tenor in this mineralization. Grab samples are by definition selective and not intended to provide nor should be construed as a representative indication of grade or mineralization at the Project.
The Company has closed the first tranche of a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of up to $434,550. The Company is raising an additional $400,000 of financing that consists of flow-through units at a price of 7 cents per unit and non flow-through units at a price of 5 cents per unit. Each flow-through unit consists of one flow-through common share of the company and one transferable non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of ten cents per share. Each non flow-through unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 8 cents per share.
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”
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.”