Stewart, BC – Decade Resources Ltd. (“Decade”) reports that it is has received the final ICP analyses and gold assay results for the surface sampling from the Bow property. The property consists of 2 claims totaling 471 hectares and is contiguous with the Scottie Gold mine Crown Granted claims that host the former Scottie Gold mine 50 kilometres north of Stewart, BC, in the Skeena Mining Division. This mine which operated from 1981 to 1985 milled vein material averaging 16.20 g/t gold, producing 2,967,748 grams of gold (95,426 ounces gold)from 183,147 tonnes of mineralization. Previous work has indicated in excess of 13 different gold bearing veins in the Bow claim-Scottie Gold mine area. Exploration in 2013 outlined at least 4 new sulphide bearing veins on the Bow property, one of which contains visible gold associated with strong molybdenite mineralization. To date, at least 7 and possibly 8 mineralized veins have been located on the Bow claim.
The Bow property is located along volcanic rocks on the boundary with the Summit Lake stock, part of the Texas Creek Plutonic suite in the Stewart Area. This suite of rocks is related to alteration and mineralization at the former producing Premier mine (produced 2,000,000 oz gold) 20 km south of the property and the KSM copper-gold porphyries and Brucejack Lake gold deposits (Valley of the Kings deposit contains 1.2 million ounces of gold in the measured mineral resource category (two million tonnes grading 19.3 g/t gold); 7.5 million ounces of gold in the indicated mineral resource category (13.4 million tonnes grading 17.4 g/t gold); and, 4.9 million ounces of gold in the inferred mineral resource category (5.9 million tonnes grading 25.6 g/t gold — WWW.Sedar.com) 20 kilometres north of the property. The claims of the Bow property adjoin the southeast portion of the Pretium Resource Ltd property.
Of the 78 samples collected on the Big M vein, 10 samples assayed > 1000 g/t, 13 assayed from 500-1000 g/t, 10 assayed from 100-500 g/t, 9 assayed 50-100 g/t, 27 samples assayed 1-50 grams 9 assayed < 1 g/t gold. The vein is up to 4.5 m wide and has been traced over 25 metres with gold values obtained along the entire length. The vein intersects with the Blueberry at the north exposure of this vein. The Big M vein was exposed during pad building for drilling on the north end of the Blueberry vein. Subsequent to exposure, trenching was conducted along 25 m of this vein. Mineralization consists of a number of pyrrhotite-arsenopyrite-pyrite-molybdenite stringers up to 15 cm wide across 4.5 m of width. Sulphide content along the vein varies from 10-20 % overall. Some of the results of the Big M vein sampling are shown in the table below:
Sample # | valign=”top” align=”center”>Vein Tested | valign=”top” align=”center”>Sample Type | valign=”top” align=”center”>Width Metres | valign=”top” align=”center”> Mo % | align=”center”>Au g/t |
---|---|---|---|---|---|
116740 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.044 | 832.35 |
116751 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.386 | 539.72 |
116752 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.246 | 488.25 |
116758 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.46 | 586.06 |
116766 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>4 m chip | align=”center”>0.009 | 280.50 |
116768 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.50 | 916.76 |
116769 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.43 | 1161.25 |
116774 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.488 | 1177.45 |
116775 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.527 | 2354.84 |
116776 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.38 | 3238.11 |
116779 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>Grab | align=”center”>0.525 | 3418.07 |
116788 | align=”center”>Big M | Bedrock | valign=”top” align=”center”>3.5 m chip | align=”center”>0.182 | 179.75 |
All samples are assayed by Loring Laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory. All gold assays are analyzed by fire methods which includes gravimetric finishes on the individual samples.
Decade’s website has been updated to show data for the Bow Claim as well as the areas of 2013 surface sampling and diamond drilling. The Company is presently conducting a drill program in the area of the Big M and Blueberry veins.
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 has conducted all the exploration on behalf of the Company on this property and was responsible for all the logging and sampling.
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 in 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 up dated. For investor information please e-mail decadeinvestorrelations@outlook.com.
ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.
“Ed Kruchkowski” 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.”