Decade Resources begins drilling on Del Norte property This hidden gem is going to wake up shortly!
Decade Resources begins drilling on Del Norte property
2021-07-20 09:16 ET - News Release
Mr. Ed Kruchkowski reports
DECADE ANNOUNCES START OF DEL NORTE DRILL PROGRAM
Decade Resources Ltd. has started the 2021 drill program on the Del Norte property optioned from Teuton Resource Corp. The property located 34 kilometres east of Stewart, B.C., is comprised of 5,830.16 hectares in 13 separate claims. To date, the property has had over $6-million in exploration expenditures. It is located along a major structural break between volcanics to the west and sediments to the east.
Decade has the right to earn up to a 55-per-cent interest under the following terms: payment of $400,000 over four years with an initial payment of $20,000. Issuing 800,000 shares of Decade on signing. Issuing $180,000 of Decade stock over a four-year period. Expenditures of $4-million over five years.
Decade has the right to earn an additional 20 per cent by placing the property into production. There is an underlying 2-per-cent net smelter return on the property.
Drilling will initially focus on the LG/Argo zone. Highlights of drilling into the Argo zone in 2020 include: 1049.64 grams per tonne Ag eq over 6.03 metres in DDH DN20-18, included within an interval grading 119.95 grams per tonne Ag equals over 58.37m2128.48 grams per tonne Ag equals over 2.46 metres in DDH DN20-20, included within an interval grading 221.03 grams per tonne Ag equals over 34.09 metres.
Both DDH DN20-18 and 20 were the deepest intersections on the Argo zone and as they were collared 500 metres from each other indicate excellent potential for establishing tonnage with continued drilling in 2021. Further drilling on close spaced intervals will expand on the new zone.
The company completed over 1300 metres of drilling on the Terrace area properties including 12 holes on the Dardanelle gold property and three on the Excelsior copper-gold prospect. On the Dardanelle, drilling intersected up to five metres of quartz -- sulphide veins in some of the holes. These were completed at the extreme north part of the vein system traced over 600 metres of strike length and 300 metres of height. The veins intersected are similar to those sampled in the fall of 2020. Logging and core cutting is being carried out in the company facilities in Stewart.
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.
We seek Safe Harbor.
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