Decade Resources Ltd V.DEC

Alternate Symbol(s): DECXF

Metals & Mining Industrial Metals & Minerals

Decade Resources Ltd. is a Canadian based mineral exploration company seeking opportunities in the resource sector. The Company 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. Its projects include Grassy, Premier East, Red Cliff, Lord Nelson, Del Norte and Terrace. The Terrace project includes Terrace Gold, Kleanza, Dardanelle, Treasure Mountain and Nobody Knows. The Company owns 100% of Goat property. The Copper River Valley properties are comprised of three main claim blocks; Terrace Gold-Darranelle-Treasure Mountain group of claims located in northern British Columbia. The property consists of 52 contiguous mineral claims. The Grassy property contains approximately 830.20 hectares in two separate claims which are owned 100% by the Company. The Red Cliff project consists of approximately eight mineral claims.

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Post by GillRipperon Jan 28, 2021 6:06pm

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Post# 32415052

Retraction

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.

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Gill