Decade Resources samples up to 11.89% Cu at Terrace
Old News release must read:
2024-08-26 16:57 ET - News Release
Mr. Ed Kruchkowski reports
DECADE DISCOVERS NEW COPPER-GOLD-SILVER MINERALIZATION IN A BRECCIA ZONE ON THE NOBODY KNOWS PORTION OF THE TERRACE PROPERTY AND PROVIDES DEL NORTE UPDATE
Decade Resources Ltd. has received assay results for an indicated significant copper-gold-silver showing in exploration on the Terrace claims. The project is part of a large claim holding consisting of 54 mineral claims which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totalling 24,179.7 hectares. All 54 mineral claims are 100 per cent owned by Decade Resources.
Nobody Knows exploration
The Nobody Knows claim exploration from 2021 to 2024 has identified three areas of significant mineralization as follows:
- Nobody Knows No. 2 showing with copper-silver red bed mineralization. Drilling in 2023 intersected 5.39 per cent Cu (copper) and 155 g/t (grams per tonne) Ag (silver) over 2.13 metres in DDH-NB-23-2, 2.99 per cent Cu and 27.3 g/t Ag over 2.94 m in DDH-NB-23-12, and 2.05 per cent Cu and 15 g/t Ag over 5.74 m in DDH-NB-23-16 (see Jan. 25 2024, press release). Drilling in 2024 completed 14 holes investigating strike, dip and influence of postmineral andesite dikes. Assay results are awaited for these holes which all intersected bornite-rich sections.
- A new indicated VMS zone located approximately three kilometres SW (southwest) from the Nobody Knows No. 2 copper-silver red bed which the company has been actively drilling. Highlights of the recent discovery exploration include gold values up to 79.12 g/t Au and 927 g/t Ag (see Aug. 6 2024, press release). Discussions with the forestry companies that built the road upon which the VMS material was located has narrowed the company search to a 50 m section of the road, with no exposed bedrock, that contains the blast rock boulders.
- A new breccia zone containing a quartz-chalcopyrite-pyrite stockwork veins within chloritic altered dacites that contain coarse blebs of chalcopyrite. The zone is at least four to five m wide exposed along a logging road. Assays for this new zone located 200 m SW of the VMS blast boulders are shown in the attached table. The outcrop exposed is highly mineralized with chalcopyrite mineralization throughout the sample area. All samples were random grab samples from the exposed mineralization.
Del Norte exploration update
The company is in the process of raising funds to fulfill the earn-in commitments on the Del Norte project. To date, the company has spent over $3-million and made all the option payments. The earn-in period was for five years starting in 2020 and expiring in early 2025. To fulfill this commitment, the company has to spend another $900,000. Funds being raised at present are being used for this earn-in. The company has contracted the helicopter, pad builders, geologists and drillers to complete a program on the Del Norte project. The initial work will test the K-zone which is a base metal zone containing precious metals that is up to 10 metres wide, part of a 1.2 km long mineralized zone that is open along strike and depth.
E. Kruchkowski, PGeo, president of the company, states: "The Del Norte project covers an eight-kilometre-long north-south mineralized belt that hosts multiple gold showings in the same geological environment as the Eskay Creek gold mine. Significantly, three gold-bearing streams intersect the property; namely Nelson, Del Norte and Willoughby Creeks with Nelson Creek supporting a gold placer mining operation in the 1930s. In the Golden Triangle area, any placer gold streams are associated with gold deposits. Having worked in many parts of the Golden Triangle, the Del Norte property most closely resembles the situation at Eskay Creek. The mineralization is at the base of the Salmon River sediments and above the felsic volcanics, same as Eskay Creek."
The mineralization is located in quartz veins and breccia. The LG vein, Kosciuszko zone (K-zone), Eagle's Nest, Argo, New, SP, PB and LG extension zone are examples marked by a distinct alteration halo, with a propylitic zone constituting the outer envelope of the mineralization. Galena, sphalerite, pyrite, and minor chalcopyrite and tetrahedrite are common in these quartz veins. In the past, drilling only focused on the precious metals.
Chip sampling in the past over the area of mineralization yielded that shown in the attached table.
The 2002 sampling was by Alex Walus, consultant and initial discoverer of the zone. The 2006 sampling above the 2002 drill pad was by Sabina Silver. Based on this sampling, the zone has a width of at least 10 metres over a height of at least 100 m.
All assaying was by MSA Labs based in Langley, B.C.
Ed Kruchkowski, PGeo, a qualified person under National Instrument 43-101, is in charge of the exploration programs on behalf of the company and is responsible for the contents of this release. Mr. Kruchkowski supervised the collection of the samples and noted the nature of them. Mr. Kruchkowski has read and approved the scientific and technical disclosure. 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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