Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has received a 43-101 report for the Del Norte property optioned from Teuton Resources Corp. The report was prepared by Krzysztof Mastalerz, PhD, P.Geo and Alex Walus, MSc, P.Geo. Both authors have worked extensively on the property in the past and many of the known showings can be attributed to their efforts.
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.
The Del Norte property was optioned in January of 2020 with terms allowing the Company to earn up to a 55% interest in the property by spending $4 million over a five year period. The Company can an earn an additional 20% interest by carrying the property to commercial production.
The authors of the report assembled and collated exploration data regarding approximately $5.5 million of work carried out since 1985. Previous exploration, consisting of comprehensive surface programs including diamond drilling, was mostly undertaken by three previous optionees and Teuton. The last drill program was in 2019. Most of this work concentrated on vein discoveries carrying gold and silver values (principally the LG Vein), gold-silver breccias (K Zone) and porphyry-copper related showings (Crackle zone, Hardpan Creek and the “O“ zone).
Within the report it was noted that silver sulfosalts and native gold often occur in the LG vein within a soft, black, graphitic matrix which fills interstices between breccia fragments. Observations indicated that historical holes into the LG vein were small-diameter (BQ) size and that “gold and silver mineralization was very likely lost in the drilling process“. This thesis is supported by drill logs which often showed poor recovery in the vein target zones with accompanying lower precious metal values. Higher metal values were in holes with high core recovery. Future drilling in the LG is vein with NQ or HQ size drill rods is being considered to provide better core samples (HQ gives a little over 3 times the volume of rock collected from BQ).
A drill permit is pending from the Ministry of Mines.
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.