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. It is believed that one the property's most significant finds, the Kosciuszko Zone, may be the source of the gold found in Nelson Creek.
Previous exploration programs completed on the Del Norte property led to discovery of many significant mineral occurrences. The most explored mineralized zone to date is the LG vein which has been traced by drilling for 1.2 km and a vertical extent of 240 metres. The vein is open in both directions as well as at depth. The true width of the vein ranges from 0.5 to 1.25 m, however in some localities, mineralization is not restricted to the vein but occurs also in the surrounding rocks forming breccia and stockwork zones, as well as satellite veins. A good example is the Kosciuszko breccia zone located 60-70 metres from the presumed location of the LG vein.
Because of the snow and ice coverage the Kosciuszko zone as well as the stratigraphic contact which hosts the LG vein located directly to the north and south of the zone have not been adequately drill tested. This portion of the contact zone which is approximately 700 metres long was tested only by six holes drilled from two set-ups. The NMG vein and Bullion zone which are located within the same stratigraphic contact zone that hosts the LG vein may represent a more distant, southern continuation of the LG vein system. These two mineral occurrences were never drill tested.
The presence of chalcedonic quartz, vuggy cavities, realgar, silver sulphosalts and electrum within LG vein and Kosciuszko zone unequivocally point to a low-sulphidation epithermal environment. Considering its epithermal origin, the LG vein shows remarkable horizontal and vertical continuity. Silver sulfosalts and native gold of the LG vein often occur within soft, black, graphitic matrix which fills interstices between breccia fragments. In small-diameter (BQ size) drill holes, large part of this soft matrix with accompanying gold and silver mineralization, was very likely lost in the drilling process. Significantly, lower core recovery was frequently recorded in numerous historic drill intersections which cut across the strongly fractured vein wall rock and/or across the vein itself.
Large areas of the Del Norte property are weakly explored due to extensive ice and snow coverage. However, the rapidly receding ice enables better access to these areas which may host more mineralized zones.
Highlights of the property include:
- Mineralization has been discovered over a minimum strike length of at least 4 km on the structural break within the property.
- Mineralization is hosted in quartz veins and breccias as well as coarse crystalline base metals in shear zones
- A chip sample across a discovery zone in 2002 returned 6.07 g/t gold and 623.7 g/t silver across a width of 10.0 metres.
- Three holes drilled from a single station located 12 m south of the chip sample intersected true widths of mineralization varying from 8.5 to 10 metres and carrying gold values ranging from 3.53 to 7.56 g/t gold and silver values ranging from 176.95 to 274.24 g/t.
- Several hundred metres north of the above, drilling on the same or sub-parallel structure returned 6.47 g/t gold and 346.02 g/t silver over 15.54 m
- Other holes in this area intersected 8.6 m of 3.02 g/t gold and 270.5 g/t silver over 8.74 m
- A drill hole several hundred metres south of the initial trench discovery in 2002 intersected 1208 g/t silver and 26.54 g/t gold over 4.05 m on the same or sub-parallel structure.
- Surface grab sampling in a trench for the above mentioned drill hole assayed up to 3910 g/t silver and 19.5 g/t gold.
- Float rocks in the projected area of the northern extension of the zone ( 1000 m north of the initial 2002 discovery) returned assays of 186.2 g/t gold and 40.9 g/t gold
The above assays are historical and have not been confirmed by the Company and are used for reference purposes. The Company believes that the results are an indication of the mineralization present in the property area.
The Company plans a work program consisting of geochemical sampling, saw cut sampling and extensive drilling. Saw cut sampling is planned in the Crackle zone, a 700 m wide zone with quartz-sulphide veins and stringers from cm to meter widths with high gold values associated with arsenopyrite. Continued geochemical sampling will be carried out in areas exposed by ablation of glaciers and to determine the source of high gold bearing float north along the extension of the LG vein. Past drill results indicate a widening of stockwork widths with increases of gold within deeper drill holes. Drilling amount will be contingent on funds available.