Del Norte

The Del Norte property is located 34 km east of Stewart in the Skeena Mining Division. The property consists of 13 mineral tenures (claims) covering 5830 hectares which are 100 percent owned by Teuton Resources.
Decade Resources has the right to earn up to a 55 % interest under the following terms:

• Payment of $400,000 over 4 years with an initial payment of $20,000.
• Issuing 800,000 shares of Decade on signing.
• Issuing $180,000 of Decade stock over a 4-year period.
• Expenditures of $4,000,000 over 5 years.

Decade has the right to earn an additional 20% by placing the property into production.
The Del Norte project covers an eight-kilometre-long north-south mineralized belt that hosts multiple gold showings in the same geological environment as the Eskay Creek gold mine. Significantly, three gold-bearing streams intersect the property; namely Nelson, Del Norte and Willoughby Creeks with Nelson Creek supporting a gold placer mining operation in the 1930s.
The Company has completed a highly successful 2020-2021 exploration program on the properties. Highlights include:

• Location of 4 new zones of high grade silver-gold zones on the Del Norte.
• High grade zones include the Kosciuszko, LG, Argo, Eagle’s Nest, New and PB.
• High grade silver-gold drill intersections on the newly outlined Argo zone.

Eight main types of mineralization occur on the property consisting of the following:

• Quartz veins and breccia. The LG Vein, Kosciuszko Zone, Eagle’s Nest, Argo, New, SP, PB and LG Extension Zone are examples marked by a distinct alteration halo, with a propylitic zone constituting the outer envelope of the mineralization. Galena, sphalerite, pyrite and minor chalcopyrite and tetrahedrite are common in these quartz veins
• Coarse crystalline base metal in shear zones. Zinc-lead rich zones vary from stringer stockworks (Twilight. Gorley) to massive and banded (Grizzly). Disseminated. fracture filling. vein and banded sulphides and oxides consist of specular hematite, sphalerite. galena, pyrite and traces of chalcopyrite.
• Gold – copper rich fissure style mineralization occurs associated with more obvious quartz veining and stringer networks in generally more felsic volcanics. Sulphides consist of chalcopyrite and pyrite, occurring mainly in the veins or stringers. Zones with this type of mineralization include Monk, East Cliffs, Copper-Gold, Humdinger, Downie (Hardpan Creek area) “14 oz’ and North Nelson zones.
• The only gold-copper replacement horizon found to date is the O-Zone. In the O- Zone, disseminated and fracture filling chalcopyrite pyrite (1 – 5 %) pervade a phyllic and argillic altered horizon which has been overprinted by extensive, moderate ankerite-carbonate alteration probably related to faulting and fracturing.
• Porphyry copper-gold mineralization showing intrusive textures and in places, intense K-feldspar alteration.
• Kuroko type VMS deposit. Fragments of massive to semi-massive banded sphalerite up to 10 cm has been noted in brecciated volcanics along the Argo zone. No zones have been located but the fragments suggest a nearby zone.
• Fracture and shear hosted pyrite, pyrrhotite, arsenopyrite and minor chalcopyrite forming zones up to 1-2 m wide. The Crackle and Croesus zones are examples of this mineralization.
• Fine acicular arsenopyrite crystals in felsic rocks intersected in the Argo zone.

Work during the 2020-2021 exploration program has indicated 5 different, north trending, parallel silver-gold bearing veins and shears along sediment/volcanic contacts that are repeated due to thrust faulting. These include the Kosciuszko, LG vein, Argo, Eagle’s Nest and New zones. The Kosciuszko zone including the SP portion has been identified over 1 km of strike length and the LG and Arg0 zone over 1.2 km of strike length. The Eagle’s Nest zone has been traced over 650 m while the New zone has been observed over 100m.

A total of 4862.94 meters of NQ size drill core was completed in 22 separate drill holes from 5 different pads. Drilling tested the north and depth extension of the Kosciuszko zone with 2 holes, the newly identified Argo zone with 13 holes and the Eagle’s Nest zone with 7 holes. Drill highlights are shown below:

 

 

In 2021, a total of 4,127.93 meters of BTW size drill core was completed in 18 separate drill holes from 3 different pads on the LG/Argo zone. Drilling was successful in intersecting gold-silver bearing mineralization in all structures tested. Highlights of some of the 2021 results in drilling are as follows:

 

 
With the market focus on copper, the Company plans to explore the porphyry copper-gold potential of Del Norte, following up on historic results. There are 8 copper-gold showings as well as drill results indicating this potential. Along Del Norte Creek and the ridge immediately south, these results correspond to an airborne EM anomaly. These following results were obtained in the O-zone.

In this zone, disseminated and fracture filling chalcopyrite and pyrite (1 to 5 per cent) pervade a phyllic and +/- argillic altered horizon which has been overprinted by carbonate alteration probably related to faulting and fracturing. The horizon ranges between 6 and 15 metres in width and has been delineated for a strike length of 176 metres, open to the north and south and a dip length of 35 metres, open to depth. The zone was targeted by 11 trenches and 4 drill holes. The best results from the trenches were 10.53 g/ t gold and 0.23% copper over a 5 m interval. The best results from drilling were 3.67 g/t gold and 0.41% copper over 15 m interval (Assessment Report 21535). Mineralized halos often extend into carbonate altered host rock and fracture systems. The Company has not verified these historic results but E. Kruchkowski was involved in the early exploration on the O-zone and believes the results are reliable.

In 2016 drilling, three holes testing for porphyry copper-gold encountered a contact between intermediate volcanics and the intrusive rocks at various depths. Long intervals intersected by these holes were characterized by significant K-spar alteration and, locally, sericitization. It appears that the zones of stronger mineralization are crossing this intrusive boundary and they occur in both the volcanogenic and intrusive rocks. The table below shows the historic drill results:
 

 
During a three-day field reconnaissance program in the 2023 field season, work concentrated on the region including the upper section of the Eagle’s Nest mineralization. Field work indicated a strongly oxidized, porphyritic diorite intrusive is present. This intrusive is accompanied by an extensive quartz-sericite-pyrite alteration halo, which is pervasive and texturally destructive, obscuring most primary rock features. The alteration contains 20-50% fine disseminated pyrite, with localized areas exhibiting 0.5-1% fine galena as fracture-fill. Work indicated that the quart-sericite alteration zone is up to 50 m wide extending for at least 500m. Limited sampling in 2020 indicated anomalous gold and silver values in the vicinity of the sampling.

The Company plans to continue drilling and surface sampling during the 2024 field season.

Mr. Ed Kruchkowski, P.Geo (British Columbia), is the Qualified Person as defined by National Instrument 43-101 who has examined and reviewed this page and geological information available from public sources related to the property, and is responsible for approving the technical contents of this page. The Qualified Person has not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results and any sampling. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.