Decade Resources Ltd V.DEC

Alternate Symbol(s): DECXF

Metals & Mining Industrial Metals & Minerals

Decade Resources Ltd. is a Canada-based mineral exploration company actively seeking opportunities in the resource sector. Its principal business activity is the acquisition, exploration and evaluation of mineral properties located in the Province of British Columbia, Canada. The Company has a 65% interest in the Red Cliff property in north-western British Columbia. It has 100 % interest in the Goat, Grassy, Premier East and Terrace area properties. Its projects include Red Cliff, Lord Nelson, Goat/Surprise Creek, Treasure Mountain, Terrace Property, and Del Norte Property. The Lord Nelson property is located 34 kilometers east of Stewart, British Columbia and is comprised of approximately 2630 hectares in six separate claims. The Terrace Properties are composed of three main claim blocks, namely Terrace Gold-Dardanelle-Treasure Mountain group of claims located about 10 to 35 air kilometers east of Terrace, British Columbia, on the side of the Zymoetz (Copper) River valley.

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Post by 2021Gambleon Apr 26, 2021 6:52pm

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Post# 33071713

Red Cliff MTB / DEC ownership

So I was reviewing the old news releases for DEC while enjoying my dinner (fun eh?), which are found here:

https://decaderesources.ca/category/news/page/2/

note that this is page 2, there is a page 1 and 3

The Oct 11, 2011 news release mentions that MTB will not be funding their share of the work at Red Cliff as specified in the joint venture requirements.

After 2 or 3 news releases, the Feb 9, 2012 news release has the share of ownership increased from 60 to 65% as a result of this decision

It was the Jan 13, 2010 release that identified that DEC would not be pursuing the 80% ownership option of the RedCliff property.

Based on this quick review, it would appear that Red Cliff is at a standoff, because although ownership is split 65 /35 between DEC and MTB, there is a difference of opinion which goes back 10 years. So if ownership is only at 65% for DEC, and MTB refuses to help finance work....

well...that creates an interesting conundrum ....discussion??