Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that with the recent price increases in copper and silver, the Company is developing a program to explore the Treasure Mountain property. The property lies approximately 35 kilometers east of Terrace, British Columbia within the Skeena Mining Division. The Treasure Mountain property consists of 26 mineral claims totaling 9,950.6 hectares owned 100 % by Decade. The property was purchased from Detour Mines in 2017.
High copper and silver values are associated with very thick, crudely bedded, predominantly andesite lapilli tuff to tuff breccia and volcanic breccia. Rocks of this unit which are of Jurassic Telkwa/Hazelton formation age, occur predominantly in the western to northwestern part of the Treasure Mountain property. Chalcocite, bornite and minor chalcopyrite and pyrite occur as disseminations and veinlets along a bed of the pyroclastic rocks. The favorable horizon has been traced over at least 10 km of strike length. The property contains numerous copper-silver showings of which the Purdex and Danee zones, 6km apart along the horizon are the most prominent. Shear zones cutting the horizon are generally highly mineralized with copper-silver and occasionally gold values.
Exploration on the Treasure Mountain property is limited by two major factors. The property is covered by lush vegetation and feature few outcrops. The outcrops located are strongly leached of copper which makes copper mineralization very difficult to detect by prospecting or soil sampling. Outcrops are often so strongly leached that there is no sign of high grade copper mineralization on the surface which can only be found after removing the first 10-15 cm of barren rock.
Past sample results from some of the tested zones by Decade are described below:
The Purdex zone has had the most exploration carried out on it to date. It appears to have an upper and lower zone separated by a dyke. A number of trenching programs and drill programs were carried out during 1956, 1964 and 2005-2008. Results indicate substantial copper and silver intersections over appreciable widths. During the 2017 exploration program Decade collected a total of nine chip samples ranging in length from 0.9 to 4.0 metres. All samples except one were collected from old trenches. They assayed from 0.49 to 5.51 % copper and from 7.2 to 42.7 g/t silver. They gave a weighted average of 3.37% copper and 30.68 g/t silver
The 2017 program consisted of resampling of the 2007 pits and trenches. A composite grab collected from a 15-20 cm wide, partially exposed fault assayed 4.01% Cu, 55.5 ppm Ag and 61 ppb Au. Grab sampling of a 10-20 cm wide quartz-chalcocite vein yielded 4.43 % Cu, 45 ppm Ag and 38 ppb Au. Sampling was only restricted to exposed shears as the trenches were overgrown and filled in with debris.
During the 2017 program three old trenches were found and resampled in the area designated as the Trail zone in a 2008 Assessment Report. A grab from one of the trenches returned 1.51% Cu and 9.98 g/t Au. The sample represented quartz-carbonate replacement of feldspar porphyritic andesite or basalt with 2-3% disseminated bornite and chalcopyrite.
The zone, partially exposed by an excavator during a previous exploration program has quartz-carbonate veins with minor pyrite and some malachite stain. Grab sampling of a vein returned 1.14% Cu, 35.8 g/t Ag and 22.7 g/t Au.
This major copper-silver occurrence (also named Northwest and Snow 31 zone) is located about 500 metres south-west of the Purdex zone. MINFILE provides the following description of the zone: “Bornite, chalcocite, chalcopyrite and malachite occur as disseminations, in vesicles and in fractures within the purple flow rocks and tuffs and, to a lesser degree, the porphyry sill. The best ore occurs along an east fault in the top of the trachytic porphyry and adjacent purple porphyry and tuff. The mineralized zone where exposed (No. 2 Zone) is about 120 metres long and 90 metres wide. A 13 metre sample from a trench assayed 1.54 per cent copper (Property File: Campbell, 1964).”
During the 2018 exploration program a Decade Resources crew was able to locate the zone and collect several grab samples which returned from 0.17 to 2.57 % copper and from 0.9 to 34.8 g/t silver. However, the authors examined only part of this strongly overgrown zone and more time is required to locate the old trenches and to fully evaluate the zone.
In MINFILE the zone is described as follows: “Mineralization consisting of bornite, chalcocite and cuprite occurs in three shear zones cutting andesitic volcanic rocks of the Jurassic Hazelton Group. The variably oriented shear zones are up to 1.2 metres wide and contain stringers of quartz, calcite and epidote, up to 20 centimetres wide. A 1.2 metre sample from an adit assayed 9.5 per cent copper, 79 grams per tonne silver and trace gold (Minister of Mines Annual Report 1917). A sample of another shear zone assayed 4.2 per cent copper and 103 grams per tonne silver over 3 metres (Minister of Mines Annual Report 1917).”
“The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results and any sampling. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.”
The Treasure Mountain property has a great potential to host copper-silver and /or copper-gold deposits. It features numerous copper showings as well as newly located copper-gold showings of which only part have been examined recently. An IP geophysical survey covering the Purdex and other zones is recommended for the next phase of exploration.
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 is in discussions with potential farm in partners on this property at present.
Analysis were performed by Activation Laboratories Ltd in Kamloops BC.
The Company is still awaiting the final and check assays for core from the summer’s Del Norte drilling. When received and tabulated, the results will be released.
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.