Stewart, BC — Decade Resources Ltd. (“Decade” or the “Company”) reports the completion of an airborne VTEM geophysical survey, operated by Geotech Ltd, over the Stamp Claims, optioned from Teuton Resources Corp.
The Stamp Claims are located just south of the BA Project, a joint venture between Mountain Boy Minerals Ltd. and Great Bear Resources Ltd. Currently 2 drills are actively testing the same stratigraphic horizon that hosted the Eskay Creek deposit; which historically produced more than 100 tonnes of gold and 5000 tonnes of silver from start-up in 1995, until closure in 2008.
Based on government mapping, the dacite/rhyolite exposure is trending south from the BA property on to the Stamp claims. This is the same stratigraphic horizon that hosts the BA Kuroko type silver-lead-zinc mineralization approximately 6 kilometres to the north.
To earn an undivided 50% interest in the property Decade has to pay a total of $110,000 and incur exploration expenditures on the property aggregating $1,500,000 over a 4 year period.
Subject to Decade duly exercising the first option, Teuton has granted to Decade the sole and exclusive right to earn an additional 20% interest (70% interest in total) in the property (the “Second Option”) by performing and paying for such additional exploration work, engineering studies and reports as may be necessary in order to deliver to Teuton, a Feasibility Study (“Feasibility Expenditures”). Decade or its designate shall be operator of the property during the term of the first Option and the second Option.
Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the company.
About Decade Resources:
Decade Resources Ltd. is a Canadian based mineral exploration company actively exploring its portfolio of projects in Northern BC. The Company holds an extensive portfolio of exploration projects including: 60% interest in the Red Cliff property; an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north; 100% interest in a large property underlain by copper-gold mineralization in the Kitimat area; claims located over the former Goat Mine, a small producer in the 1970’s, approximately 34 kilometres northeast of Stewart and 5 kilometres north of the Stewart highway (37A) along the BA massive VMS horizon and an option to earn a 70% interest in the Stamp claims adjoining the BA claims hosting the BA massive VMS horizon.
For further information, please contact Investor Relations at 604-681-0710 or investor@decaderesources.ca.
ON BEHALF OF THE BOARD
“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.”