Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has received assays from the sampling on the Goat mine dump. The Goat property is located 34 km northeast of Stewart BC, within the Golden Triangle area. Mineralization on the Goat mine consists of a parallel series of polymetallic silver – gold-zinc-lead veins that are crudely laminated sulphide-quartz-siderite veins with massive sphalerite and disseminated to massive arsenopyrite, pyrite, tetrahedrite, freibergite and minor galena. The Goat Deposit was a historic producer during the late 1970’s with reported production of about 4,159 tonnes of ore with an average grade of 563 grams per tonne (g/t) silver, 1.72 g/t gold and 1.65 per cent (%) zinc with minor lead and copper from 3,186 tonnes of milled ore. A historic resource of 8,800 tonnes grading 4,782.9 g/t silver and 10.6 g/t gold was reported in 1979, however the resource is not compliant with National Instrument 43-101 guidelines. This estimate is historical and is used for reference purposes only.
Sampling was carried out in order to determine possible sulphide/precious metal relationships. Based on the work on the dump material, high gold and silver values have a stronger relationship to arsenopyrite and tetrahedrite rather than the base metal sulphides. The table below show the values obtained from the recent sampling.
|Sample #||Type||Au g/t||Ag g/t||Cu %||Zn %||Pb %|
To date, there are 3 areas of identified gold and silver mineralization as follows:
- Goat mine with above reported historical reserves.
- North zone located 1 km northeast of the Goat mine.
- Goat cirque located 1 km south of the Goat mine.
Some of the historic sample results for the North and Goat Cirque mineralization are shown below:
|Year of Work||Area Explored||Sample Type||Gold g/t||Silver g/t|
|1993||Goat Cirque||Outcrop Grab||17.70||1322|
|1993||Goat Cirque||Outcrop Grab||8.75||213|
The Company has a drill permit in place for the property and continues to search for the source of other silver rich float rocks. Ablation of the ice has revealed numerous new areas to be explored. The Company continues to conduct surface sampling in order to locate the source of not only the silver rich VMS but other indicated gold bearing zones.
The Company is also looking at further acquisitions in the Golden Triangle area of BC.
The Company is awaiting results of their sampling in the Terrace area and will release once the results are obtained.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the Company and 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.”