Stewart, BC – Decade Resources Ltd (“Decade” or the Company) announces that it has assembled 5 additional claims totaling 3265.3 ha in the Terrace area. The claims located 10 km east of Terrace are traversed by a system of logging roads which provide excellent access for exploration.
Porphyry style copper and molybdenum mineralization has been reported over a wide area on the property as well as gold silver bearing quartz veins and copper gold disseminations in shears. Included in the reported showings is the Croesus copper-molybdenum porphyry prospect, Excelsior copper-gold porphyry prospect, Gem gold-silver showings and underground workings, Croesus gold-silver showings and underground workings as well as numerous other mineral showings.
The Croesus zone has pyrite, chalcopyrite and locally bornite or molybdenite occurring as fracture fillings and disseminations with copper carbonates. Areas of siliceous breccia resembling explosion breccias have been reported in the zone. Veinlets of quartz with selvages of sulphides form stock works within the zone. Reported alteration includes sericite, kaolinite, chlorite and pink K feldspar. Grab sampling in 1966 in one of the trenches assayed 0 20 copper 16.94 g/t silver and 1.69 g/t gold. The above result on the Croesus prospect has not been confirmed by Company assaying and is used for reference purposes only.
The Excelsior porphyry zone is situated approximately I km east of the Croesus porphyry zone. The zone has been explored by bulldozer trenching in the 1960’s. It consists of altered and sheared dark green volcanics which are mineralized by pyrite and quartz carbonate chlorite veins with chalcopyrite Three 1966 trenches have been reported to have explored an area roughly 60 meters by 20 meters. Sampling in this period reported assays with an average of 0.24 % Cu, 13.89 g/t Ag and 1.10 g/t Au from 10 m of sampling in 4 trenches. The above result on the Excelsior prospect has not been confirmed by Company assaying and is used for reference purposes only.
The 1960 trenches were found to be overburden covered or obscured by vegetation. Where possible, the zone was grab sampled and the Company took a total of 10 samples in the area of the above Excelsior. Assaying indicated 0.2 to 1.88 g/t Au and 0.01 to 0.58 % Cu for this limited sampling. Further work is being conducted in this area at present.
The Company is taking advantage of the numerous logging roads in the area of the claims to conduct geochemical sampling. The Company is locating the prospects as well as any new mineralization exposed by logging.
On the Gem property, the main showing is reported as a quartz-pyrite vein with minor chalcopyrite. Reports indicate that the vein ranges from 15 to 50 centimetres in width, and is exposed intermittently along the strike length for 300 metres and about 120 metres downdip. Two adits explore the mineralization with reports of 108.27 g/t Au and 195.93 g/t Ag over 0.23 m near the face and 104.74 g/t Au and 180 g/t Ag over 0.4m at the face of the northern portion of the lower adit. It appears that the zone is becoming wider as the zone is traced north.
Reserves of about 4355 tonnes averaging 26.06 grams per tonne gold and 59.31 grams per tonne silver were calculated over a length of 34 metres and a width of 0.4 metres for the underground explored portion of the Gem vein as reported in BC Minfile.
The above results on the Gem prospect have not been confirmed by Company assaying and are used for reference purposes only.