Stewart, BC – Decade Resources Ltd. (“Decade”) reports that during the 2013 field season, an extensive program of mapping, sampling, prospecting and trenching was completed on the Bow property. The property consists of 2 claims totaling 471 hectares located 50 kilometres north of Stewart in the Skeena Mining Division. Decade can acquire an 80 % interest by paying $280,000 to a private company by October 11, 2014.
The property is located along volcanic rocks on the boundary with the Summit Lake stock, part of the Texas Creek Plutonic suite in the Stewart Area. This suite of rocks is related to alteration and mineralization at the KSM copper-gold porphyries and Brucejack Lake gold deposits 20 kilometres north of the property.
Previous exploration had outlined 3 zones on the property; namely the Bend, Blueberry and Road (now called the Oro Grande) veins; These are banded quartz-carbonate veins mineralized with gold-bearing pyrrhotite, pyrite, chalcopyrite, galena and sphalerite occurring as en echelon fracture fillings in an east-west direction. Veins can be up to 5 metres in width but generally average 2-3 metres. The Bend vein has been drill tested along 100 metres of strike length and 50 metres of depth. A historical inferred resource was outlined in the drilled portion that included 18,200 tonnes @ 10.97 g/t gold. This resource is historical and has not been confirmed through drilling and sampling by the company. These numbers are for reference purposes only and should not be relied upon. Examination of historical longitudinal sections indicates that mineralization is open along strike and to depth from the above drilling on the Bend vein.
Highlights of the sampling program include:
- Discovery of a large silicified and pyritic area approximately 200 m east of the Bend vein that could possibly host large low grade gold mineralization.
- Discovery of a new vein up to 2 m wide along 230 m of strike that hosts arsenopyrite, pyrrhotite, pyrite and chalcopyrite.
- Identification of a new strike direction of mineralization. Previous exploration had indicated that mineralization was in an east-west direction. Work in 2013 indicated the presence of mineralization in north-south structures.
- Identification of a strong correlation between molybdenite and visible gold mineralization. In areas of strong molybdenite, coarse flakes of gold occur along the cleavage planes.
- A number of molybdenum in soil geochemical anomalies from past surveys remain to be evaluated for gold content. These are areas of deep overburden.
- Presence of visible gold in many of the grab samples collected during the program.
Samples collected during the 2013 field season have been stored in a secure company owned facility. Samples will be analyzed in the next 4-6 weeks and assays will be released upon receipt.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration program on behalf of the Company and is responsible for the contents of this release. E Kruchkowski has conducted all the exploration on behalf of the Company on this property and was responsible for all the sampling.
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 primarily in Northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca.
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.”