Decade Announces Copper Assays from Surface Sampling for Treasure Mountain, Terrace BC

Rhea-AI Summary

Decade Resources Ltd (TSXV: DEC) reports positive results from the 2023 exploration program at the Treasure Mountain portion of the Copper River project. The project consists of 52 mineral claims and has identified significant mineralization, including copper-silver showings and gold-bearing veins. The company has also granted 4,600,000 incentive stock options to directors and consultants.

Positive

• Positive results from the 2023 exploration program at the Treasure Mountain portion of the Copper River project
• 52 mineral claims consisting of 23,016.7 hectares, all 100% owned by Decade Resources Ltd
• Identification of significant mineralization, including copper-silver showings and gold-bearing veins
• Granting of 4,600,000 incentive stock options to directors and consultants

Negative

• None.

Stewart, British Columbia--(Newsfile Corp. - February 6, 2024) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has received the assays and compiled assays from a surface program at the Treasure Mountain portion of the at the Copper River project. The project is part of a large claim holding consisting of 52 contiguous minerals claims which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totaling 23,016.7 hectares. All 52 mineral claims are 100% owned by Decade Resources Ltd. The project stretches from 10 to 40 air kilometers east of Terrace, B.C., on the northern slopes of the Copper River valley.

Within the Terrace Copper Project property, there are several red bed copper trends and a granodiorite intrusion separating them. The Nobody Knows trend is approximately 20 km west of the Treasure Mountain trend. On the Treasure Mountain Trend approximately 22 copper-silver showings occur over a 15 km belt. The Nobody Knows trend is a newly discovered one and the full extent has not been defined.

Highlights of the 2023 exploration program include:

On the North Ridge area of Treasure Mountain, several zones of significant mineralization were identified. A brecciated quartz-calcite shear zone up to 2m in true width hosted significant chalcopyrite and bornite up to 3% locally, with extensive malachite staining on weathered surface (samples AA003777-80). Another larger shear-related quartz-calcite-epidote vein 900m to the north of the peak displayed blebby to semi-massive bornite mineralization across a true width of up to 8 meters, with intense malachite staining throughout (samples AA003783-88). The table below shows the select grab, and chip samples from the North Ridge area.

North Ridge Significant Assay Values >1 % Cu

Sample #	Easting	Northing	Cu %	Ag g/t	Au g/t
AA000425	562531.7	6043233	4.02%	20.9	0.094
AA000428	562363.9	6043046	5.97%	40	0.467
AA000430	562488.8	6043163	9.57%	39.3	4.24
AA000431	562531.7	6043186	3.89%	15.1	0.315
AA000434	562279.1	6043085	1.66%	11.9	0.203
AA000436	562434.5	6043010	1.03%	6.94	1.315
AA000438	562270.4	6042961	13%	192	0.077
AA000439	562280.7	6042975	3.06%	40.9	0.227
AA000440	562261.5	6042988	1.39%	17.55	0.035
AA000441	562217.7	6042984	1.45%	16.25	0.123
AA000442	562169	6043037	2.31%	29.5	0.165
AA000444	562284.1	6042690	1.80%	6.23	0.464
AA000445	562294	6042700	1.44%	7.08	0.624
AA000446	562672.8	6043634	4.37%	17.45	1.37
AA000447	562600.8	6043572	5.58%	22.3	0.76
AA000448	562370.3	6043647	9.69%	88.1	62
AA000449	562566.7	6043056	2.25%	14.3	2.4
AA000488	562884.1	6042317	3.62%	29.2	0.005
AA000492	563186.3	6040731	1.44%	10.5	0.19
AA003623	564071.4	6042440	3.03%	82.7	0.015
AA003624	564063	6042446	5.23%	131	0.007
AA003630	563201	6040729	2.04%	13.4	0.015
AA003779	563472	6042568	3.05%	57.7	0.034
AA003781	562906	6043554	4.64%	23.6	0.332
AA003782	562907	6043555	10.05%	42.2	0.6
AA003783	562911	6043612	5.78%	32.7	4.37
AA003784	562906	6043623	2.20%	19.6	0.051
AA003787	562929	6043631	2.13%	21.6	0.01
AA003788	562931	6043636	1.07%	22.4	0.004
AA003789	562927	6043631	3.35%	33.1	0.021
AA003791	562954	6043719	2.16%	22.2	0.008
AA003793	562928	6043739	1.78%	32.4	0.012
AA003794	562715	6043580	2.01%	49.1	0.015
AA001530	562660.8	6043760	1.87%	18.55	0.025
AA001532	562628.6	6043947	2.54%	35.1	0.057
AA001533	562628	6043943	1.18%	14.6	0.026
AA001534	562303.6	6043724	1.80%	17.7	0.035
AA001535	562302.6	6043758	2.26%	23.8	0.039
AA001547	562654	6043360	1.44%	40.8	<0.001
AA001549	562635.1	6043337	1.52%	40.5	<0.001

 

Work indicated a zone that was 50 x 30 m in exposure with numerous copper bearing veins and shears in the NE part of the North Ridge area.

Of particular interest, Sample AA000448, a small float sample of calcite with chalcocite and bornite assayed 62 g/t Au and 9.69 % Cu. This type of veining may be responsible for the placer gold found downstream along Kleanaza Creek. The attached map shows the location of sampling:

Figure 1

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/3615/196904_c1bdeb281422caf3_001full.jpg

On the Treasure Mountain area, copper-silver mineralization is hosted mostly within vesicular and to lesser extent massive basalt. Mineralization is dominated by bornite, chalcocite and malachite with lesser covellite and chalcopyrite and little to no pyrite. These sulphides constitute from trace to 5% of the rock forming grains, small blebs and veinlets which show strong association with silicification and or quartz-epidote veins. This type of mineralization does not contain any appreciable gold but is enriched in silver fitting the model of a red bed type copper-silver mineralized system. There does appear to be any association with faults or fracture zones.

For Treasure Mountain, exploration has identified 3 periods of mineralization: namely copper-silver bearing sulphides in volcanic red beds followed by copper sulphide-silver bearing shear zones and last, a late-stage epithermal copper sulphide-silver-gold bearing quartz - carbonate stockworks. Copper bearing sulphides include chalcopyrite, bornite and chalcocite and possibly native copper.

The Company plans to follow up the significant results during the 2024 exploration.

All samples were analyzed by ALS Labs in North Vancouver, BC.

Decade announces that it has granted 4,600,000 incentive stock options to directors and consultants of the Company. The options are exercisable at $0.10 and will expire in five years.

Ed. Kruchkowski, P. Geo., 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. E. Kruchkowski is not independent of Decade as he is the president of the Company.

Decade Resources Ltd. 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 grass roots to advanced ones. Its properties and projects are all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the Company assets and developments, visit the Company website at www.decaderesources.ca. For investor information please call 250- 636-2264 or Gary Assaly at 604-377-7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"

Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196904

FAQ

What are the highlights of the 2023 exploration program at Treasure Mountain?

The highlights include the identification of significant mineralization, including copper-silver showings and gold-bearing veins.

How many mineral claims does Decade Resources Ltd have?

Decade Resources Ltd has 52 mineral claims consisting of 23,016.7 hectares, all 100% owned by the company.

How many incentive stock options has Decade Resources Ltd granted?

Decade Resources Ltd has granted 4,600,000 incentive stock options to directors and consultants.

What is the ticker symbol for Decade Resources Ltd?

The ticker symbol for Decade Resources Ltd is TSXV: DEC.