Decade Resources begins drilling at Dar 2021-06-14 10:03 ET Are we geting these Assays first The grab samples and showings are very interesting to me!. Are we due for News This week strong buying last week asks getting Taken out Alot
Something is brewing here for sure.
Old NR: Decade Resources begins drilling at Dar
2021-06-14 10:03 ET - News Release
Mr. Ed Kruchkowski reports
COMPANY STARTS THE DRILLING ON THE DAR PROPERTY IN TERRACE
Decade Resources Ltd. has started a 2021 exploration program on the 100-per-cent-owned Terrace properties, including drilling on the Dar property. The company has a drill permit for the program. In 2018 to 2020, the company has carried out surface work defining the Dar property mineralization and previous work. The Dardanelle dike-vein system was discovered in the early 1900s and the original group of claims was recorded under the name of Dardanelle. In 1915, about 100 metres (m) of underground development was completed. In 1936, the underground work had been extended up to about 500 m and was followed by the installation of an air duct. Some surface trenching was also completed in 1948.
One of the Dardanelle prospects is a five-metre-thick to seven-metre-thick steep system of albite dikes and quartz veins along the dike contacts, the system trending at about 75 degrees and hosted by granodiorite of the Coast Plutonic complex. The mineralization includes pyrite, chalcopyrite, sphalerite, galena, argentite, bornite, covellite, malachite and native gold. The assays include some high-grade gold (up to 52.6 grams per tonne (g/t)) and silver (up to over 640 g/t) and some substantial grades of lead, zinc and copper. There appears to be two parallel vein systems up to 20 m apart. Highlights of 2020 surface exploration indicated the following:
- Quartz-sulphide mineralization is present on either one or both sides of a felsic intrusive dike.
- The mineralization has been traced over 600 m and is open along strike and depth.
- Sampling returned 52.6 g/t gold (Au) from the farthest east sampling.
Highlights of the sampling are shown in the attached table.
Grab samples are solely designed to show the presence or absence of any mineralization and to characterize the metal tenor in this mineralization. Grab samples are by definition selective and not intended to provide nor should be construed as a representative indication of grade or mineralization at the project.
The company has closed the first tranche of a non-brokered private placement of flow-through and non-flow-through units to raise aggregate gross proceeds of up to $434,550. The company is raising an additional $400,000 of financing that consists of flow-through units at a price of seven cents per unit and non-flow-through units at a price of five cents per unit. Each flow-through unit consists of one flow-through common share of the company and one transferable non-flow-through common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of 10 cents per share. Each non-flow-through unit consists of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder to purchase, for a period of 24 months, one additional common share of the company, at a price of eight cents per share.
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.
About Decade Resources Ltd.
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.
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