Decade Announces Exploration Update
- Final assays for the Red Cliff property indicate a large mineralized system
- Extension of the Montrose zone to the north
- Elevated zinc values associated with gold-copper
- Identification of gold bearing mineralization over 2 km of strike length
- None.
Stewart, British Columbia--(Newsfile Corp. - November 28, 2023) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has received the final assays for the Red Cliff property located in the "Golden Triangle" area. Decade owns a 65 % interest in the project and is the project manager. Exploration to date indicates that the Red Cliff property hosts a large mineralized system that has been traced for several kilometres. Drilling was aimed at checking for north extensions of the Montrose gold-copper-zinc zone. Over 1 kilometre of strike length that is overburden obscured has not been tested between the Montrose and Red Cliff zones on the property. In addition zones remain open to depths beyond 600 m. Highlights include:
- The program successfully extended the Montrose to the north.
- Drilling indicates elevated zinc values associated with the gold-copper to the north.
- The gold bearing zone is over 40 m wide hosting parallel gold-copper bearing zones.
- Over 1 kilometre of structure south of the 2023 drilling remains untested.
To date, gold bearing mineralization has been identified over 2 km of strike length including the Red Cliff zone to the south and the Montrose zone to the north. The Montrose, Lower Montrose and Waterpump zones are considered to be one zone that has been displaced by faulting. Also, within the Montrose zone, faulting appears to have resulted in repeat sections of mineralization. As well, there appears to be a wide mineralized splay that strikes SW from the main Montrose zone, resulting in wide target areas that are gold bearing over 50 m of width. From the Waterpump zone to the north end of the identified Montrose zone, mineralization extends to over 600 m of strike length and at least 600 m of depth and is open along strike and depth. It extends from the ridge top hosting the Montrose zone at 725 m elevation to 125m elevation as shown by DDDH-12-11. Width of the gold bearing zone varies from 5 to 40 m with an average of 22 m.
The geological and surface sampling work carried out in historic exploration indicates that the mineralization within the Montrose area is complex and may consist of several zones within a wide interval of altered rocks. It is associated with a zone of latite intrusives that have highly altered the adjoining country rock so that contacts are obscure. Fine grained pyrite is present throughout the mineralized zones in amounts from 1-10 %. Later veining within the intrusive and contact areas consists of zones of sphalerite-galena-minor chalcopyrite veinlets. Fine visible gold is commonly noted in these veinlets. A later stage of chalcopyrite-pyrite-quartz veins are present along the west side of the mineralized zone. Coarse visible gold is commonly present in the later mineralization. The Montrose zone is an north-south trending zone that has cross-cutting veins from to 2 m to 5 wide that trend east-west for at least 25 metres into the wall zones. Within the Lower Montrose portion of the Montrose, massive sulphide veins up to 2.5 m wide had reported assays up to 270 g/t gold while 25 m east, sampling had shown assays up to 49 g/t gold over 0.5 m. This is historic sampling which has not been verified by the Company. It is used for reference purposes.
Drilling in 2023 was aimed at defining zones of near surface high grade gold-copper for a potential 10,000 tonne bulk test in the Upper Montrose area. Drilling results for the area tested are shown below:
| DDH No. | From (m) | To (m) | Width (m) | Gold g/t | Copper % | Zinc % |
| 23-Mon-12 | 38.4 | 40 | 1.6 | 3.91 | 0.59 | 0.18 |
| and | 41.95 | 42.95 | 1.5 | 1.205 | 0.069 | 0.244 |
| 23-Mon-13 | 28.71 | 40 | 1.29 | 2.16 | 0.018 | 1.38 |
| And | 44.81 | 50.9 | 6.09 | 2.03 | 0.021 | 0.614 |
| and | 55 | 56.99 | 1.99 | 1.14 | 0.069 | 0.07 |
| 23-Mon-14 | 47.85 | 50.9 | 4.55 | 1.82 | 0.058 | 0.24 |
| and | 56.99 | 57.5 | 0.51 | 3.08 | 0.18 | 0.636 |
| and | 63.09 | 66.06 | 2.97 | 2.77 | 0.2 | 0.244 |
| 23-Mon-15 | 60.04 | 61.5 | 1.46 | 1.54 | 0.16 | 0.10 |
| and | 66.14 | 67.64 | 1.5 | 1.795 | 0.04 | 0.146 |
| and | 70.49 | 71.47 | 0.98 | 9.3 | 0.02 | 0.286 |
| and | 77.38 | 78.33 | 0.95 | 1.09 | 0.116 | 0.824 |
| and | 80.33 | 84 | 3.67 | 3.94 | 0.53 | 0.22 |
| and | 90.52 | 92.02 | 1.5 | 4.28 | 0.18 | 0.59 |
| 23-Mon-16 | 42 | 48 | 6 | 2.9 | 0.10 | 0.61 |
| 23-Mon-17 | 51 | 57 | 6 | 3.08 | 0.115 | 0.61 |
| 23-Mon-23 | 53.95 | 56.99 | 3.04 | 1.475 | 0.01 | 0.05 |
At the south end of the large mineralized system on the Red Cliff portion, previous drill results are summarized that need follow up are shown:
| DDH No. | From | To | Width | Gold g/t |
| RC-2010-1 | 76.98 | 81.40 | 4.42 | 21.94 |
| RC-2010-2 | 66.92 | 74.24 | 7.32 | 13.10 |
Nobody Knows Update:
- 4000m of drilling has been completed in 33 drill holes.
- The discovery drill holes show similarities to many of the world's major sediment-hosted copper systems with the association of silver with copper.
- Rocks hosting the copper mineralization present have been sheared with abundant ground up copper mineralization (bornite) in the fault gouge.
- All core has been logged and sawn with all sampled intervals sent to the lab for analysis.
- Surface sampling is being compiled to aid in the 2024 drill program.
All samples have been submitted to the ALS prep Labs in Terrace BC with analysis to be completed in Vancouver BC.
The Company has received numerous queries on timing for assays. Analytical procedure involves ICP analysis for 41 elements. Any analysis that has over 10,000 ppm (1 %) copper is then subjected to ore grade-ME-OG46 analysis. Over 5 %, the lab performs Cu-OG46 ore grade analysis using aqua regia. The Company is aware of analysis being performed for high copper values. At present the Company has only received partial results for the first 2 holes and none of surface samples or additional holes.
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 which is presently being up dated. 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/188884
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