Decade Resources Ltd V.DEC

Retraction

[GillRipper]

 

Decade retracts historical resource estimates

 

2021-01-28 17:58 ET - News Release

 

Mr. Ed Kruchkowski reports

COMPANY CLARIFICATION

As a result of a review by the British Columbia Securities Commission, Decade Resources Ltd. is issuing this news release to clarify its technical disclosure. The company has reported non-compliant historical estimates for the Goat, Red Cliff and Terrace properties on its public website and the Feb. 25, 2020, Goat property news release. The company retracts disclosure of a non-compliant historical estimate of resource on the Goat, Red Cliff and Terrace properties. This retraction is necessary as it will require further exploration work for the company to appropriately determine the relevance and reliability of the non-complaint historical estimate. The company has not performed any drilling or sampling in order to verify these historical estimates.

The company states that the qualified person as defined by National Instrument 43-101 has examined and reviewed geological information available from public sources related to these properties, and is responsible for reporting the contents of the historic estimates. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource. The company is not treating the historical estimate as a current mineral resource. However, the qualified person believes that any historical 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.

Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is responsible for the contents of this release. Mr. Kruchkowski is not independent of Decade as he is the president of the company.

Decade Resources 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 grassroots to advanced ones. Its properties and projects are all located in the Golden Triangle area of Northern British Columbia.

We seek Safe Harbor.

© 2021 Canjex Publishing Ltd. All rights reserved.

Kind Regards To All

Gill

 

 

 

[Robertis1]

No worries at all.  Those properties currently have 0 to negative value.   It's all about Del Norte Lord Nelson which were not mentioned in the NR and does not affect them 

[Mulli15]

No worries about Del Norte but these guys need to get their act together. 

[Teko1974]

Where did you find this?  Paste link of actual article

[Mulli15]

https://www.sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00025728&issuerType=03&projectNo=03166170&docId=4877032

[Teko1974]

Ahh f this isnt good just before we get assays from lord nelson and del norte...why now????  WTF is this being released today. Does this stock go down more? https://www.sedar.com/GetFile.do?lang=EN&docClass=14&issuerNo=00025728&issuerType=03&projectNo=03166170&docId=4877032

[Countrygent]

Teko, I’m happily long and waiting on my bets for assays like everybody else, and in answer to the question of can it sell down in the meantime, I’d say bring it on, you’ll be tempting me to load up more.   Historical resource estimates are out there.  Regulators changed the rules, they aren’t supposed to be republished, but if you go digging for old reports or read through the small

[Bouzouxi]

Retraction on historical calculation to be clear!! . Is there a buyer on these properties? In my opinion it smells very positive.

[BlindBoy]

Teko -  this retraction is mandated by the BC Securities Commission, since the previous disclosure was misleading.

[Countrygent]

Small quibble on calling prior disclosure misleading.  Mining companies were permitted to make estimates of resources with less data in hand before National instrument 43-101 set out stricter rules that set out increased minimum drilling data and spacing to extrapolate and average rock contents between drill holes.  Obviously any amount of drilling Is always going to render estimates