Stewart, BC – Decade Resources Ltd. (“Decade”) reports that it has received ICP results for a 2016 surface program on the Goat property. The property consists of 5 claims totaling 1117.59 hectares in the Stewart area of the Golden Triangle district of British Columbia. The claims in the property are contiguous and are located about 34 kilometers northeast of Stewart, British Columbia in the headwaters of the Goat and North Goat Glacier valleys, tributaries to Surprise Creek.
The property was a historic producer during the late 1970’s with reported production of about 4,159 tonnes of ore with an average grade of 563 g/t silver, 1.72 g/t gold and 1.65 per cent (%) zinc with minor lead and copper. The producer had laminated, narrow sulphide-quartz-siderite veins rocks containing massive sphalerite and disseminated to massive arsenopyrite, pyrite, tetrahedrite, freibergite and minor galena. During the 1970’s, a mine access trail was constructed to the base of the mine workings located along steep cliffs. This trail can provide future access to the area of the property.
Work during 2016 was primarily focused on exploration for Kuroko type VMS deposits along the northern and western part of the property. Several different mineralization types were indicated from this work.
Highlights of the sampling include:
- The presence of Kuroko type VMS mineralization along the western portion of the claim.
- The presence of high grade silver with gold associated with lead – zinc bearing rocks along the northern part of the property.
The sampling was carried out on float rocks in the valleys in order to cover as great an area as possible. Sampling of a calcareous mudstone with finely laminated and bedded sulphides yielded 33.4 g/t Ag, 0.70 % Pb and 6.50 % Zn. Sampling of dacitic rocks gave a high of 115.7 g/t Ag, 0.50 % Pb and 6.5 % Zn within a breccia with strong hydrozincite staining. Numerous hydrozincite stained boulders are present within a moraine along the south part of the claims that are derived from the western portion of the property.
A total of 9 samples collected in the northern part of the property yielded 0.1 to 2.3 g/t Au, 6.7 to 100 g/t Ag with 0.02 to 0.65 % Pb and 0.085 to 2.76 % Zn. This is the same area that sampling in 2003 ( ARIS report 27290) yielded 3076 g/t Ag, 013 % Pb, 0.11 % Zn and 0.67 % Cu associated with elevated arsenic.
Work in 2017 will focus on locating the area of mineralization, both the VMS source as well as silver with gold zone. This will include further prospecting, mapping and possible drilling.
All samples are assayed by Loring laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory. The Company employs a system of known standards and blanks inserted into the sample stream to monitor lab results.
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 atwww.decaderesources.cawhich is presently being up dated. 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
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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.”