News

Decade Discovers Molybdenum Mineralization on the Goat Property-Continues Exploration Planning for the High-Grade Gold-Silver Del Norte Property

Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has received a report for the 2019 exploration on the Goat property.  The property consists of 8 claims totaling 1210.40 hectares in the Golden Triangle district of British Columbia located 34 km northeast of Stewart. The claims cover the Goat Deposit, which consists of a parallel series of polymetallic silver - gold-zinc-lead veins that are crudely laminated sulphide-quartz-siderite veins with massive sphalerite and disseminated to massive arsenopyrite, pyrite, tetrahedrite, freibergite and minor galena. The Goat Deposit was a historic producer during the late 1970’s with reported production of about 4,159 tonnes of ore with an average grade of 563 grams per tonne (g/t) silver, 1.72 g/t gold and 1.65 per cent (%) zinc with minor lead and copper from 3,186 tonnes of milled ore. A historic resource of 8,800 tonnes grading 4,782.9 g/t silver and 10.6 g/t gold was reported in 1979. The resource is not compliant with National Instrument 43-101 guidelines and is used for reference only.

A sample from the molybdenum bearing outcrop consisted of a strongly epidote quartz-carbonate-garnet altered/replaced, dark-green to almost black meta-volcanic rock; locally skarn. Sulphide mineralization includes coarse crystalline pyrite, minor chalcopyrite and common molybdenite. The outcrop is poorly exposed at the bottom of a valley floor within the claims. Assaying indicated the following:

  • 23 % Mo from bedrock sample GTKM19-29

Plans for 2020 include further sampling to determine the possible size of the mineralized outcrop.

The Company has also been continuing the assessing all previous data on the Del Norte property in order to finalize the Company’s 2020 field season plans. The property located 34 kilometres east of Stewart, BC is comprised of 5,830.16 ha in 13 separate claims.

The property has numerous mineral showings with the most extensively explored being the LG vein and stockwork. Previous work has shown a continuity of gold silver values over an explored length of 1.7 km, open both to the north and south. The Company plans a work program consisting of geochemical sampling, saw cut sampling and extensive drilling. Saw cut sampling is planned in the Crackle zone, a 700 m wide zone with quartz-sulphide veins and stringers from cm to meter widths with high gold values associated with arsenopyrite. Continued geochemical sampling will be carried out in areas exposed by ablation of glaciers and to determine the source of high gold bearing float north along the extension of the LG vein. Past drill results indicate a widening of stockwork widths with increases of gold within deeper drill holes. Drilling amount will be contingent on funds available.

Areas that the Company will expand on previous drilling includes:

Area to be Tested Previous Drill holes Width (m) Gold g/t Silver g/t
Area 1 DDH 06-11 4.05 26.54 1208
Only 2 holes drilled DDH 06-12 3.97 1.35 20.7
Area 2 DDH 02-01 31.1 3.57 192.3
450 m n of area 1 DDH 02-02 32.9 4.59 178.9
Only 3 holes drilled DDH 02-03 23.4 7.64 277.3
Area 3 DDH 05-02 15.54 6.47 346.02
450 m n of area 2 DDH 0-036 8.60 3.02 270.50
  DDH 05-05 4.27 4.48 476.45
Area 4 DDH 0-20 8.75 7.1 512.4
300 m n of area 3        

 

The above assays are historical and have not been confirmed by the Company and are used for reference purposes. The Company believes that the results are an indication of the mineralization present in the property area.

The Company has commissioned a 43-101 report to be prepared on the property.

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.”