Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has started exploration on the Del Norte property. 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 Company has started evaluating the Crackle zone which was only partially exposed in 1993-1994 when most of the historic sampling occurred. Since this sampling, the Del Norte Glacier has retreated over 500 m and over 100 m of vertical height has been exposed. The zone consists of strong shearing and brecciation with strong quartz-calcite flooding. This has resulted in an area that occurs as an elevated knob in the valley floor. A strong magnetic anomaly in this area suggests the presence of an intrusive beneath the zone. The Crackle zone is a 700 m wide zone with quartz-sulphide veins and stringers from cm to meter widths with high gold values associated with arsenopyrite. Sampling in the past on quartz sulphide stringers gave up to 29.7 g/t Au over 1 m and grab sampling up to 65.63 g/t Au. The Company has not confirmed these assays with their sampling and are using them for reference purposes.
At present, the Company is awaiting drill permits for the property but has commenced 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.