Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has continued collecting all available historical data on the Del Norte property in order to finalize the Company’s 2020 field season plans. The property within BC’s “Golden Triangle” is located 34 kilometres east of Stewart, BC and is comprised of 5,830.16 ha in 13 separate claims.
The Del Norte property was optioned from Teuton Resource Corp. 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 property covers the contact between intermediate volcanic rocks of the Hazelton Group and sedimentary rocks of Salmon River Formation. This is the same horizon that hosts the Eskay Creek mine 60 km north of Stewart. Both the LG and Koscuiszko (K-zone) are at or near this contact. The Koscuiszko zone which appears to be separate is within the sedimentary rocks. It is comprised of quartz-carbonate-sulphide cemented breccias, replacement zones and veins. Sulphides include pyrite, sphalerite, galena and tetrahedrite along with trace amount of realgar, arsenopyrite and electrum. This zone exposed over 50 m is up to 10 m wide with extensions obscured by overburden or glacial ice.
The only 3 drill holes completed in 2002 into this zone gave the following results:
Most of 2020 drilling is planned to expand on the area of the above results.
On the LG vein, the Company plans to evaluate the area of the following drill holes:
These holes are at the edge of an icefield and the next holes are almost 1 km to the south where DDH 06-11 intersected 4.05 m of 26.54 g/t Au and 1208 g/t Ag.
The above assays are historical and have not been confirmed by the Company and are used for reference purposes. The Company believes that the results are an indication of the mineralization present in the property area.
Ed Kruchkowski, President of the Company states: “I have been involved in exploration programs on this property as a consultant on behalf of Teuton from 1992 to 2019. The sheer size of the property and associated numerous high-grade gold and silver showings present excellent exploration opportunities. In addition, it is one of 4 areas in the Stewart area, whereby placer gold is found in streams and 3 of the other areas have gold deposits associated with them. With the recent ice retreat, it is expected that even more mineral showings will be exposed. The property has possibilities for other types of deposits including porphyry copper-gold ones.”
At present, the Company is awaiting drill permits for the property but will commence surface sampling while awaiting these.
The Company has undertaken an $800,000.00 flow through financing to fund the program.
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.