Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has received the 2018 final report on its 100 % owned Premier East property. The claims in this property total 705 ha within 500 m of the open pit over the former Premier gold-silver mine. Published data indicates that the Premier gold mine produced 2.3 million oz gold and 50 million oz silver over its production life. Recent work on the adjoining Premier mine indicates a possible return to production as per Ascot Resource (owner of the Premier property) press releases.
The results of sampling of the southern part of the claims are very encouraging. Samples collected in this area displayed evidence of abundant mineralization and returned highly elevated amounts of precious and base metals. It has been confirmed that the heavily mineralized sphalerite-galena bearing pods of the veins could carry exceptionally high concentrations of silver. The table below shows the grab sampling for the southern zone of mineralization:
The 2018 work resulted in the discovery of a new mineral showing in the northern part of the property. From historic data it appears that the northernmost part of the Premier East property has been poorly explored. Modern recession of the glaciers in the area provide a good opportunity for additional exploration in this area. A substantial portion of this part of the property is characterized by extensive overburden and will need careful future geological exploration. Sampling of this new showing, in close proximity to the Premier mine, is as follows:
|PEKM-1816 (float)||< 5||57.0||8740||10||32|
A float sample 400 m west of the overburden covered showing yielded 254 g/t silver, 0.1 g/t gold, 7.75 % zinc and 0.91 % lead.
Geochemical sampling at the Silver Crown 6 property as well as the newly acquired Crest property has now been completed.
The Company also wishes to announce that the Board of Directors has been re-elected with 100 % support from the cast votes.
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
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“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.”