NEWS RELEASE – May 3, 2018
Stewart, BC – Decade Resources Ltd (“Decade”) reports that it is finalizing exploration plans for 2018 on the Georgia River project. The property is in the Stewart area within the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. This district is host to past and current mining operations including Scottie Gold, Porter – Idaho, Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper. Pretium is milling in excess of 2700 tonnes per day from the Valley of Kings deposit. It has 1.6 million ounces gold in the proven category (grade 14.5 g/t) and 6.5 million ounces in the probable category (16.1 g/t grade) (Pretium website). Seabridge has 460 million tonnes grading 0.68 g/t gold and 0.17 % copper in the proven category as well as 1,738 million tonnes grading 0.51 g/t gold and 0.22 % copper in the probable category. This reserve is within 4 different deposits ( Seabridge website).
On the property narrow quartz veins with pyrite, pyrrhotite, galena, sphalerite, chalcopyrite, arsenopyrite and electrum (gold-silver alloy) occur along northerly trending fault zones. Marked gold enrichment with an increase in quartz veining occurs along the northerly shears in areas associated with their intersection with earlier northwest veins. To date, a total of 18 vein systems have been discovered on the property of which 8 are wide NW trending quartz veins and 8 are later northerly trending gold bearing veins. Of the identified eight north trending veins, only one, called the Southwest vein has been explored to any great extent. Within it, there are 3 main zones (called Zone 1, 2 and 3) of gold bearing quartz veins where it intersects the earlier quartz veins. To date, only 1 of the above gold bearing zones along the Southwest vein has been explored in detail. The Southwest vein has been exposed by trenching and drilling for a strike length of at least 595 m over a vertical distance of at least 258 m. It has also been explored by two adits 85 metres apart topographically; the No. 1 level has been drifted along 47.8 m of the vein while the No. 2 has drifted for 155.5 m along the vein. From a small stope on the No 2 level, a total of 454 tonnes were mined and milled in 1937, yielding 10,200 grams Au, 12,705 grams Ag and 3312 kg Pb at an average grade of 22.56 g/t Au, 28.11 g/t Ag and 0.73 % Pb.
Based on underground sampling of the No 1 and 2 levels, surface trenching and 95 surface drill holes, a resource was calculated for the property. The reported total combined resources at Georgia River include 290,272 tonnes grading 28.7 grams per tonne gold. (BC Minfile report). The resource is non 43-101 compliant and has not been verified by the Company. E Kruchkowski, President of the Company performed most of the exploration work from 1980 to 1989 on the property and can verify on the validity of the obtained data in that period.
Highlights of past drilling include:
- 53 g/t over 2.98m in DDH-20-11
- 49 g/t over 2.44 m in DDH-GM-20
- 64 g/t over 0.7 m in DDH-GM-32
The Company plans a drill program in 2018 to meet its commitment under an option agreement in which it can earn a 75 % interest.
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.”