Decade plans Copper River, Del Norte exploration
old news release must read : 2024-08-15 16:59 ET - News Release
Mr. Ed Kruchkowski reports
DECADE PROVIDES UPDATE ON EXPLORATION PLANS
Decade Resources Ltd. has provided plans for continuing exploration on the Copper River property, which is part of a large claimholding consisting of 52 contiguous minerals claims, which include the Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties, totalling 23,016.7 hectares. All 52 mineral claims are 100 per cent owned by Decade Resources. The project stretches from 10 to 40 air kilometres east of Terrace, B.C., on the northern slopes of the Copper River valley. The company plans to explore the gold-silver zones and porphyry copper-gold potential of the Del Norte project as well.
The company has a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. This mineral belt trend is host to over 80 million ounces of gold and over 17 billion pounds of copper (based on published data on SEDAR+).
To date, the company has completed the following:
- Copper River:
- 14 drill holes on the Nobody Knows No. 2;
- Discovered gold-bearing VMS (volcanogenic massive sulphide) boulders that assayed up to 79.12 grams per tonne gold and 927 grams per tonne silver on the Nobody Knows claim;
- Core logging and assaying the core from the Nobody Knows drilling;
- Further claim acquisition in the VMS discovery area;
- Mapping at the VMS discovery area to identify the possible source of the road blast rock;
- Investigation of newly constructed logging roads;
- Del Norte:
- Decade Resources 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 (made);
- Issuing 800,000 shares of Decade on signing (made);
- Issuing $180,000 of Decade stock over a four-year period (made);
- Expenditures of $4-million over five years (require $900,000 expenditure)
- Investigation of drill pads to test the K-zone and porphyry copper-gold potential.
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 former 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.
The company has completed successful exploration program on the property in the exploration period from 2021 to 2023. Highlights include:
- Location of four new zones of high-grade silver-gold zones on the Del Norte project;
- High-grade zones include Kosciuszko, LG, Argo, Eagle's Nest, New and PB;
- High-grade silver-gold drill intersections on the newly outlined Argo zone.
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 and approves 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.
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