Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has completed sampling on the Terrace Gold property located 12 km east of Terrace, BC. Exploration was on claims totaling 3265.3 ha. The claims are traversed by a system of old logging roads which provide access for exploration without the need for a helicopter.
The Company located a total of 5 separate quartz-pyrite veins over widths of 0.5 to 4 m and strike lengths of several hundred metres. Historic laboratory testing indicates that the gold and silver are present as tellurides which occur as tiny inclusions and fillings in spongy pyrite. Minor scheelite, galena, sphalerite and tetrahedrite were also reported. The veins are composed of 70 – 95% white bull quartz with the remainder consisting of 5-20% coarse cubic pyrite, <1% sericite, <1% chlorite, +/- galena, +/- sphalerite. The amount of gold varies directly with the amount of coarse grained pyrite. Usually the pyrite is concentrated on vein selvages. Often up to 4cm bands of massive pyrite exist. The Company has not confirmed the above laboratory testing and is using it for reference purposes only. Work by the Company indicates that parallel mineralized structures near the main veins and flat lying mineralized splays from the main veins increase the overall gold bearing zones.
Sampling was carried out over the following located veins: Bluebird, Gem, Croesus, Road and Dollar. Due to the size of area covered, only grab samples were taken from as many quartz veins located as possible. The main vein is the Gem which has a historic resource of 4355 tonnes averaging 26.06 grams per tonne gold and 59.31 grams per tonne silver calculated over a length of 34 metres and a width of 0.4 metres.
The vein has been developed by 2 adits with higher grades indicated in the lower one. In 1988, a chip sample from a vein in drift #2 assayed trace to 105.9 grams per tonne gold. The Company has not confirmed the above assay results and is using it for reference purposes only.
The area of the reported 5 Oz vein was not located due to dense underbrush and overburden which hampered exploration. In addition sampling in previous surveys indicates possible numerous other vein structures with geochemical results returning up to 0.6 g/t gold in soils.
Highlights of sampling are as follows:
|Vein Sampled||Sample #||Sample Type||Gold g/t||Silver g/t|
All of the gold bearing samples had elevated tellurium values.
E. Kruchkowski, President of the Company states: “The results indicate that the property hosts gold bearing mineralization over a large area of the property. Many reported zones and geochemical soil anomalies remain to be explored”.
The Company is also looking at further acquisitions in the Golden Triangle area of BC.
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.”