Decade Confirms Discovery on the Nobody Knows Copper Project and Updates Surface Exploration at Treasure Mountain, Terrace BC

Rhea-AI Summary

Decade Resources reports significant copper sulphide mineralization intercepts at the Copper River project

Positive

• Diamond drilling continues to intersect copper sulphides in felsic volcanic flow rocks
• Copper mineralization has been outlined along 200m of strike and to a depth of 150m at the Nobody Knows No 2 zone
• Drilling has shown an increase in bornite with depth particularly in holes 3, 8, and 16
• The discovery drill holes show similarities to many of the world's major sediment-hosted copper systems with the association of silver with copper
• Assay results for the first 2 holes show significant copper and silver values
• Treasure Mountain Property located a wide zone of malachite stained felsic volcanic flows with high-grade bornite mineralization
• Assays in grab samples have been as high as 10% copper with some carrying gold values up to 4.27 g/t gold

Negative

• None.

Stewart, BC--(Newsfile Corp. - October 19, 2023) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has continued to core significant copper sulphide mineralization intercepts from the recently discovered Nobody Knows No 2 zone at the Copper River project. The project is part of a large claim holding consisting of 48 contiguous minerals claims which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totaling 17,470 hectares. All 48 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. Highlights of the program include:

Nobody Knows:

• Diamond drilling continues to intersect copper sulphides in felsic volcanic flow rocks. Primary sulphides are bornite with minor chalcocite and covellite as well as chalcopyrite.
• Copper mineralization has been outlined along 200m of strike and to a depth of 150m at the Nobody Knows No 2 zone.
• Drilling has shown an increase in bornite with depth particularly in holes 3, 8 and 16.
• The discovery drill holes show similarities to many of the world's major sediment-hosted copper systems with the association of silver with copper.
• Drilling has tested 4 different zones with 3000 m completed in 26 holes.
• Rocks hosting the copper mineralization present have been sheared with abundant ground up copper mineralization (bornite) in the fault gouge.

 

The Company has only received assay results for the first 2 shallow holes targeting the area of copper mineralization. Assay results for the first 2 holes are reported below:

DDH #	From(m)	To (m)	Width	g/t Ag	% Cu	% Cu eq
DDH-NB-23-1	11.74	15.24	3.5	12.35	1.70	1.82
including	14.48	15.24	0.76	50.3	6.75	7.25
and	17.68	27.74	10.0	2.4	0.33	0.35
DDH-NB-23-2	6.70	32.01	27.6	14.60	0.84	0.96
including	9.45	11.58	2.13	155	5.39	6.87

 

Copper equivalent: Using 22.71per ounce US for silver price and $3.57 US for copper price.

A map showing the areas of the 2023 drilling is shown below.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/184526_f3cc892374eeebea_001full.jpg

Treasure Mountain Surface Exploration Update 

On the Treasure Mountain Property 20 km east, work in 2023 located a wide zone of malachite stained (copper carbonate) felsic volcanic flows with stringers of high grade bornite mineralization. Assays in grab samples have been as high as 10% copper with some carrying gold values up to 4.27 g/t gold.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/184526_f3cc892374eeebea_002full.jpg

The core is being logged and diamond sawn based on lithologies and/or mineralization with assay results to be released as received. The Company is waiting for further assay results and will release when received.

All samples are submitted to the ALS prep Labs in Terrace BC with analysis to be completed in Vancouver BC.

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/184526

FAQ

What kind of mineralization has been found at the Copper River project?

Significant copper sulphide mineralization intercepts have been found at the Copper River project.

What are the highlights of the drilling program at the Nobody Knows zone?

The drilling program has outlined copper mineralization along 200m of strike and to a depth of 150m at the Nobody Knows No 2 zone. The drill holes show similarities to major sediment-hosted copper systems with the association of silver with copper.

What are the assay results for the first 2 drill holes?

The assay results for the first 2 drill holes show significant copper and silver values.

What has been discovered at the Treasure Mountain Property?

A wide zone of malachite stained felsic volcanic flows with high-grade bornite mineralization has been discovered at the Treasure Mountain Property.

What are the gold values in the grab samples?

Some grab samples have carried gold values up to 4.27 g/t gold.