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Overview of Decade Resources Ltd (DECXF)
Decade Resources Ltd (DECXF) is a Canadian-based mineral exploration company that focuses on identifying, acquiring, and advancing mineral properties with significant resource potential. Headquartered in Stewart, British Columbia, the company operates exclusively within the renowned 'Golden Triangle' region of northern British Columbia, a globally recognized area for its high-grade gold, silver, and copper deposits. Decade Resources is dedicated to leveraging its geological expertise to uncover and develop valuable mineral assets, catering to the growing demand for critical and precious metals.
Core Business Operations
Decade Resources specializes in grassroots and advanced-stage exploration projects, positioning itself as a key player in the resource sector. The company's portfolio includes several strategically located properties, such as:
- Del Norte Project: A flagship property spanning 5,830 hectares, featuring an eight-kilometer-long mineralized belt with gold and silver showings. The geological environment is similar to the Eskay Creek gold mine, a renowned high-grade deposit.
- Nobody Knows Project: A 24,000-hectare property with copper-silver mineralization fitting the 'red bed' type deposit model. This project includes multiple zones and has shown promising assay results in recent drilling campaigns.
- Grassy Project: Located near the historic Premier gold mine, this property features high-grade quartz-carbonate breccia zones with significant silver, gold, copper, lead, and zinc mineralization.
Strategic Positioning in the 'Golden Triangle'
The 'Golden Triangle' is a prominent mining district known for its rich deposits of gold, silver, and copper. Decade Resources' exclusive focus on this region underscores its strategic approach to exploration. The area's complex geology, combined with modern exploration techniques, provides significant opportunities for discovering high-grade mineral resources. Decade Resources benefits from its proximity to infrastructure, including access to ports, roads, and power, enhancing the economic viability of its projects.
Business Model and Revenue Streams
Decade Resources generates revenue through partnerships, joint ventures, and private placements to fund exploration activities. The company also seeks to de-risk its projects by advancing them to stages where they attract interest from larger mining companies. By maintaining a diverse portfolio of properties, Decade mitigates the inherent risks associated with mineral exploration while positioning itself to capitalize on successful discoveries.
Competitive Landscape and Differentiation
Operating in a highly competitive industry, Decade Resources differentiates itself through its exclusive focus on the 'Golden Triangle,' its geological expertise, and its methodical exploration approach. The company's ability to identify and advance projects with high resource potential sets it apart from competitors. Furthermore, its emphasis on critical and precious metals aligns with global trends in renewable energy and technology, where demand for these resources is increasing.
Key Challenges and Industry Context
As a mineral exploration company, Decade Resources faces challenges such as fluctuating commodity prices, regulatory complexities, and the high-risk nature of exploration. However, the company's focus on the 'Golden Triangle,' a region with proven mineral wealth, mitigates some of these risks. Additionally, its commitment to methodical exploration and reliance on geological expertise enhances its ability to navigate these challenges effectively.
Conclusion
Decade Resources Ltd (DECXF) exemplifies a focused and strategic approach to mineral exploration, leveraging its expertise and prime location within the 'Golden Triangle' to uncover valuable mineral assets. By maintaining a diverse portfolio of projects at various stages of development, the company positions itself as a significant player in the resource sector, catering to the growing demand for critical and precious metals.
Decade Resources (TSXV: DEC) has staked 1,742 hectares covering a major shear structure containing antimony mineral (stibnite) in BC's Golden Triangle area. The property, located 40km NE of Stewart BC, features a quartz-stibnite vein system up to 5 meters wide, traced over 300 meters.
The mineralization includes zones up to 15 meters wide with massive stibnite and arsenopyrite pockets. Historical sampling from 2004 showed 6 out of 8 grab samples exceeded limits for Antimony, with silver values ranging from 12.1 to 65 g/t.
Antimony, designated as a critical mineral by the Canadian government, is important for flame retardants, batteries, and defense applications. The global antimony market is projected to grow at 5.5% CAGR from 2023-2030. China, controlling 70% of global supply, has banned exports to the United States.
Decade Resources (TSXV: DEC) has announced exploration plans for its Nobody Knows claim, part of a 59-claim project covering over 24,000 hectares east of Terrace, B.C. The company reported significant drilling results from 2024, highlighting copper-silver mineralization with intervals exceeding 1% copper, including notable intersections like 11.98m at 1.25% Cu and 10.36 g/t Ag in hole NK-24-03.
A new VMS zone was discovered 3km SW of the Nobody Knows #2 copper-silver red bed, with select grab samples showing high values in gold, silver, copper, lead, and zinc. Notable samples included values up to 79.1 g/t Au, 6,902 g/t Ag, and 27.15% Zn. The company plans to conduct an airborne survey in 2025 to identify EM anomalies in the area.
Decade Resources (TSXV: DEC) has reported results from its 2024 exploration program at the Nobody Knows #2 zone, completing 15 holes totaling 2,639m. The project, comprising 59 contiguous mineral claims covering over 24,000 hectares, is located 10-40 km east of Terrace, B.C.
Key drilling results include an intersection of 2.07m grading 3.18% copper and 43.48 g/t silver in hole NK-24-13. Notable mineralization includes bornite, chalcocite, and malachite, fitting a red bed type copper-silver system model. The drilling program successfully identified multiple mineralized horizons with strong mineralization extending to at least 100m depth.
Significant intervals include 34.23m grading 0.93% Cu and 8.46 g/t Ag in DDH-NK-24-03, and 47.6m of 0.47% Cu and 5.33 g/t Ag in DDH-NK-24-04. The company plans to conduct an airborne survey in 2025 to identify anomalies on strike with the 2023-2024 drilled section.
Decade Resources (TSXV: DEC) has announced a non-brokered private placement of flow-through shares to raise gross proceeds of up to $125,000. The offering consists of 2,500,000 flow-through units at $0.05 per unit. Each unit includes one common share and one transferable purchase warrant, exercisable at $0.08 per share for 24 months.
The offering benefits from the Mineral Exploration Tax Credit (METC), providing a 15% tax credit on mineral exploration expenses, and the new 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The proceeds will be used for the company's projects in British Columbia's 'Golden Triangle' area.
Decade Resources (TSXV: DEC) has completed its flow-through private placement, raising gross proceeds of $945,000. The company issued 18,900,000 flow-through units at $0.05 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.08 per share for 24 months.
The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. The company paid $64,400 in finder's fees and issued 1,288,000 warrants at $0.08 to finders. All securities have a four-month hold period expiring April 4, 2025.
Decade Resources has announced a non-brokered private placement of flow-through shares to raise up to $910,000. The offering consists of 18,200,000 flow-through units at $0.05 per unit, with each unit including one common share and one transferable purchase warrant exercisable at $0.08 per share for 24 months. The proceeds will be used for the company's projects in British Columbia. The offering benefits from the Mineral Exploration Tax Credit (METC) providing 15% tax credit and the new Critical Mineral Exploration Tax Credit (CMETC) offering 30% for specified minerals.
Decade Resources reports results from the first 3 holes of its 2024 drill program at the Nobody Knows #2 zone. The drilling program, spanning 1000m, revealed significant copper and silver mineralization. Notable intersections include 4.36m of 2.69% copper and 23.7 g/t silver in hole NK-24-03. The mineralization, dominated by bornite, chalcocite, and malachite, occurs in weakly sheared andesitic rocks. The drilling successfully identified multiple mineralized horizons extending to at least 100m depth. The project, comprising 52 contiguous mineral claims over 23,016.7 hectares, is 100% owned by Decade Resources.
Decade Resources (TSXV: DEC) has completed a surface exploration program on its Grassy project in the 'Golden Triangle area' of BC. The property, located 24 km north of Stewart B.C., covers 830.20 hectares in 2 claims owned 100% by Decade. Key findings include:
- 35 grab rock samples taken from adit dumps, historic trenches, and bedrock mineralization
- Values ranged from 0.21 to 5184 g/t Ag, <0.005 to 31.9 g/t Au, 11.8 ppm to 3.92% Cu, 4.7 ppm to 39.89% Pb, and 4 ppm to 26.93% Zn
- Highest grade assays to date for the company
- Two areas identified for future diamond drilling
The company is also compiling results from its Nobody Knows project for future release.
Decade Resources (TSXV: DEC) has completed its 2024 drill program at the Del Norte project in British Columbia's 'Golden Triangle' area. The company has fulfilled its commitment to earn a 55% working interest in the property by incurring over $4 million in exploration expenses. The program focused on testing the K-Zone, drilling 12 holes totaling 2,014.5 m of NQ sized core.
The Del Norte project covers an 8 km-long mineralized belt with multiple gold showings. Previous trenching in the K-Zone yielded significant gold and silver values. The 2024 drilling encountered the K-Zone in all but one hole, marked by faulted and brecciated sediment, sheared and silicified dacite ash tuffs, and dacitic dykes with various forms of quartz and mineralization.
Samples have been sent for analysis, and the company is pleased with the verification of the K-zone persisting to depth. Decade Resources now has the right to earn an additional 20% interest by placing the property into production.
Maxwell A. Munday has acquired 19,000,000 shares and 19,000,000 warrants of Decade Resources (DECXF) through a non-brokered private placement on October 1st, 2024. The purchase was made at 3.5¢ per unit, totaling $665,000. Following this acquisition, Munday now owns or controls:
- 22,500,000 shares (17.56% of Decade's 128,132,690 outstanding shares)
- 31,000,000 warrants (49.40% of Decade's 62,757,813 outstanding warrants)
Munday states that the securities were acquired for investment purposes and may adjust his holdings based on market conditions and other factors. This announcement is in compliance with National Instrument 62-103, and an Early Warning Report has been filed on SEDAR.
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