Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it will conduct geochemical sampling at Goat property to identify the source of high gold and silver bearing float rocks. The Company has completed historical research of all available reports and has identified 3 separate areas for further work.
The Goat property is located about 34 kilometers northeast of Stewart, British Columbia in the Skeena Mining Division. It covers a series of fault related quartz veins in an area of Jurassic Hazelton pyroclastic volcanic rocks and Cretaceous Bowser Lake sedimentary rocks. The claims also follow the contact zone between the Mt Dilworth rhyolite and overlying Salmon River sedimentary formations, a similar stratigraphic sequence as that hosting the Eskay Creek deposit and the BA mineralization being explored approximately 8 km to the south of the property.
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, however the resource is not compliant with National Instrument 43-101 guidelines. This estimate is historical and is used for reference purposes only.
Previous work done by Decade has identified 4 areas not in the region of the historic mine for further work including 3 gold-silver bearing veins and 1 for Kuroko type VMS deposits.
In the 2019 field season, the Company plans further sampling to locate the source of these rocks as well as evaluate the total property. These areas include the North Zone, Goat Cirque gold and VMS as well as the North Goat Valley. To date, the Company has only conducted surveys to fulfil assessment work as well as narrow the area of search for the float rocks with high gold and silver values.
Sampling during 2011 indicated both dacite and mudstone VMS related mineralization in float rocks on the property. An example of silicified rhyolite/dacite yielded 115.7 g/t silver, 0.40 % lead and 6.51 % zinc. An example of mudstone related mineralization with finely laminated pyrite associated with minor sphalerite and galena yielded 33.4 g/t silver, 0.69 % lead and 6.49 % zinc. Approximately 1 km SW of the above sampling, VMS mineralization in float rocks gave up to 155 g/t Ag associated with values of 6.51 % Pb and 20.60 % Zn.
The North zone occurs in an inaccessible cliff face within a 20 m wide zone of alteration and silicification exposed over 50 m of height. Sampling to date has been on rocks spalling off the rock face. The Goat Cirque area has a stockwork of sulphide bearing veins orientated north-south approximately 1 km south of the historic mine.
Some of the historic sample results are shown below:
|Year of Work||Area Explored||Sample Type||Gold g/t||Silver g/t|
|1993||Goat Cirque||Outcrop Grab||17.70||1322|
|1993||Goat Cirque||Outcrop Grab||8.75||213|
The Company plans to evaluate the property once snow conditions improve as the higher elevations are still covered.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and 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, President
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“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.”