News

Field Work on Premier East property Yields 5.72 g/t Gold, 716 g/t Silver and 11.60 % Copper

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:

Sample Au Ag Cu Pb Zn
No ppb g/t ppm ppm ppm
A18-159 30 25.3 306 384 489
A18-161 1530 2010 351 9.99% 10.80%
A18-162 243 120.0 7470 3470 2170
A18-163 1010 2340 1370 13.20% 43.70%
A18-164 5.72g/t 716.0 11.60% 13 114
A18-166 2870 303.0 3.73% 5 9
PEKM-1823 2130 6110 1070 4.11% 16.10%
PEKM-1824 80 131.0 1.33% 1730 1750
PEKM-1825 152 92.2 1.62% 2490 1060

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:

 

 

Sample No Au Ag Cu Pb Zn
  ppb g/t ppm ppm ppm
PEKM-1813 (float) 8 9.4 145 635 403
PEKM-1814 < 5 115.0 3.43% 68 96
PEKM-1815 < 5 3.9 245 434 95
PEKM-1816 (float) < 5 57.0 8740 10 32
PEKM-1817 < 5 6.1 13 18 8
PEKM-1818 < 5 1.3 155 240 167

 

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”

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.”