Stewart, BC – Decade Resources Ltd (“Decade” or the Company reports that is has received the final drill results for the Lord Nelson property. The property located 34 kilometres east of Stewart, BC is comprised of 2630 ha in 6 separate claims. The property is located along contact zone of volcanics to the west and sediments to the east.
Decade has the right to earn up to a 55% interest in the Lord Nelson property under the following terms:
- Payment of $100,000 over 4 years with an initial payment of $10,000.
- Issuing 400,000 shares of Decade on signing.
- Issuing an additional $90,000 of Decade stock over a 4 year period.
- Expenditures of $2,000,000 over 5 years.
Decade has the right to earn an additional 20% by placing the property into production. Teuton retains a 2% Net Smelter Royalty. The agreement is subject to TSX Venture approval.
Drilling was completed to test an area with veins and lenses of high grade copper and gold mineralization along the Lord Nelson/Del Norte property boundary. The drilling was located at the east edge of the copper-gold bearing zone to check for down dip extensions. It appears that the main zone has a shallow dip to the east and holes tested beneath it. Also it appears that there are higher gold-lower copper zones as well as the high grade copper-gold zones. Results from 9 holes are shown below:
|Hole No||From (m)||To (m)||Width||Cu %||Au g/t||Ag g/t|
Ed Kruchkowski, president of the Company states: ‘the Lord Nelson tenures require more exploration to establish the dip and strike of the copper-gold bearing zones. There are numerous exposures of copper-gold bearing horizon traced for 1.2 km and a width of 200-300m. The horizon shows some similarities to the gold-copper replacement horizon called the O-Zone on the south side of the Del Norte claims. In the O- Zone, the best drill intercept was which ran 15.2m grading 3.63 opt gold and 0.410% copper. The company also plans to run some metallic check assays for gold on some of the drill hole intersections.”
Analysis were performed by Activation Laboratories Ltd in Kamloops BC.
The Company is actively exploring newly located claims near Mt Milligan which appear to have copper-molybdenum mineralization. In addition the Company is starting a prospecting program on the lower levels of the Treasure Mountain 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, 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.”