Decade to Investigate Potential New VMS Zone at Terrace BC - Assays up to 79.12 g/t Gold and 927 g/t Silver Obtained from Float VMS Mineralization on the Nobody Knows Zone of Decade Terrace Property

Rhea-AI Summary

Decade Resources (TSXV: DEC) has discovered a potential new VMS zone within the Nobody Knows zone of its Terrace BC property. Key highlights include:

• High-grade assays up to 79.12 g/t gold and 927 g/t silver from float samples
• Mineralization includes gold, silver, copper, lead, and zinc associated with arsenopyrite
• Samples found along a logging trail, 3 km SW of the Nobody Knows #2 copper-silver red bed
• Two new claims totaling 1,163 hectares staked

The company plans further investigation through sampling and drilling. A drill has been mobilized to test the target area.

Positive

• Discovery of high-grade gold and silver mineralization (up to 79.12 g/t Au and 927 g/t Ag)
• Potential new VMS zone identified, expanding exploration potential
• Staking of two new claims totaling 1,163 hectares
• Drill mobilized to test the target area, indicating immediate follow-up plans

Negative

• Samples are from float material, not in-situ mineralization
• number of samples (16) collected so far
• Exact source of mineralization not yet identified

Stewart, British Columbia--(Newsfile Corp. - August 6, 2024) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it has received assay results for an indicated new VMS zone within the Nobody Knows zone. The project is part of a large claim holding consisting of 54 minerals claims which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totaling 24,179.7 hectares. All 54 mineral claims are 100% owned by Decade Resources Ltd.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_001full.jpg

The indicated new VMS zone is located approximately 3 km SW from the Nobody Knows # 2 copper-silver red bed which the Company has been actively drilling. Highlights of the recent discovery exploration include the following:

• High values in gold-silver-copper-lead-zinc associated with arsenopyrite and elevated bismuth and cobalt from select grab samples.
• Samples consist of sulphide fragments and black pyritic mud associated with anhydrite within a felsic lapilli tuff.
• Samples are from blast rock used to cover road material located along a spur logging trail.
• Location of samples are along a spur logging trail 500 m off a main haul road.
• Staking of 2 new claims totaling 1163 ha (claim #'s 1113948 and 1113969). Refer to map above.

E. Kruchkowski, P. Geo. President of the Company, states: "It is an exciting discovery of sample VMS mineralization in an area of previously no known VMS type mineralization. In addition, the presence of sample high grade gold makes this a very attractive target. The Company wishes to thank Hopi Kruchkowski, geological assistant for locating the blast float rock. The vuggy nature of weathered surfaces associated with a red-yellow stain led her to break material located along a well-travelled logging road. A total of 16 samples were collected from 2 locations separated by 200 m. along the road and examined once they were cut using a diamond saw. The presence of visible gold in one of the samples suggested that gold values might be substantial. The presence of anhydrite would indicate a source near the vent forming an anhydrite cap"

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_002full.jpg

The above sample is indicative of the cut sample appearance with weathered out sulphide fragments giving a vuggy nature to the rocks. The grey mottling is due to very fine grained pyrite, sphalerite, arsenopyrite and minor chalcopyrite. The photo below is a slab cut off assay sample 24-JN-14.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_003full.jpg

Precipitated sulphides, sulphide fragments and anhydrite matrix are shown in this marked up photo.

Assay results for the 16 select grab samples are shown below. Sample 24-JN-4 was from a massive sphalerite boulder while sample 24-JN-5 was from a rock that was 0.4 m in diameter. Samples were located in several main areas separated by 200m. Between the 2 areas, a burn pile of waste wood from logging is stacked within a quarry used for road construction. The Company feels that this wood obscures the felsic rock formation. Samples 24-JN-1 to 7 were east of the samples 24-Jn-24-8 to 16 by several hundred meters. A table showing values for these select quarried samples are shown below:

Sample #	Au g/t	Ag g/t	Cu %	Pb %	Zn %
24-Jn-1	40.24	108	0.86	0.11	0.65
24-Jn-2	28.62	58.99	0.3	0.08	0.55
24-Jn-3	39.03	169	1.226	0.12	0.74
24-Jn-4	17.043	927	2.32	7.93	27.15
24-Jn-5	79.12	690	2.192	3.27	14.22
24-Jn-6	19.33	99.39	0.5	0.11	2.08
24-Jn-7	10.603	178	1.119	0.9	23.36
24-Jn-8	10.655	49.04	0.19	0.18	0.53
24-Jn-9	0.185	3.35	0.043	0.007	0.05
24-Jn-10	40.94	142	0.41	0.11	0.73
24-Jn-11	31.57	96.23	0.41	0.61	1.27
24-Jn-12	34.27	251	1.426	0.23	3.87
24-Jn-13	9.517	168	0.77	0.25	4.33
24-Jn-14	36.59	230	1.613	0.32	4.2
24-Jn-15	50.82	363	1.373	2.02	9.59
24-Jn-16	37.32	159	0.4	0.08	0.18

 

Note: The samples above were selective in nature and do not necessarily represent the metal content in the located source. The Company feels that the consistent high metal content in a variety of boulders from several locations. These results are highly encouraging and further investigation is warranted.

In addition the following table shows the values for arsenic, bismuth and cobalt as follows:

Sample #	Bi ppm	As ppm	Co ppm
24-Jn-1	106.89	>10000	226.6
24-Jn-2	47.09	>10000	150.2
24-Jn-3	186.09	>10000	187.7
24-Jn-4	1673.05	>10000	616
24-Jn-5	688.39	>10000	356.4
24-Jn-6	99.91	>10000	79.9
24-Jn-7	193.99	>10000	154.9
24-Jn-8	49.05	>10000	82
24-Jn-9	3.69	96.8	87.3
24-Jn-10	185.37	>10000	223.8
24-Jn-11	173	>10000	245.2
24-Jn-12	86.71	>10000	161.3
24-Jn-13	109.64	>10000	157.2
24-Jn-14	143.33	>10000	204.2
24-Jn-15	528.04	>10000	289.7
24-Jn-16	165.19	>10000	172.2

 

Sampling in the area indicates < 100 ppm Arsenic, < 20 ppm bismuth and < 50 ppm cobalt as a comparison to the above anomalous values. The photo below shows the crude banded nature of the VMS mineralization in sample 24-JN-5 with mottled matrix hosting bands of semi-massive pyrite-chalcopyrite.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_004full.jpg

The next 2 marked up photos show the variable nature of the mineralization.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_005full.jpg

The above photo shows fragments of sulphides while the photo below shows precipitated sulphide in an anhydrite matrix.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3615/218966_49c4169eb480b9a7_006full.jpg

MSA Labs prepared the samples in Terrace BC with the analysis being conducted in Vancouver.

The Company is confidant that the source area is established and plans to further investigate by further sampling and drilling. A drill capable of drilling NQ size core has been mobilized to test the target area.

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 supervised the collection of the samples and noted the nature of them. E. Kruchkowski has read and approved the scientific and technical disclosure. 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/218966

FAQ

What are the highest gold and silver grades reported by Decade Resources (DECXF) in the new VMS zone?

Decade Resources reported assays up to 79.12 g/t gold and 927 g/t silver from float samples in the potential new VMS zone within the Nobody Knows zone of its Terrace BC property.

Where is the new VMS zone located in relation to Decade Resources' (DECXF) existing exploration areas?

The potential new VMS zone is located approximately 3 km southwest of the Nobody Knows #2 copper-silver red bed, which the company has been actively drilling.

What immediate exploration plans does Decade Resources (DECXF) have for the new VMS discovery?

Decade Resources has mobilized a drill capable of drilling NQ size core to test the target area and plans further investigation through additional sampling and drilling.

How many new claims has Decade Resources (DECXF) staked following the VMS discovery?

Decade Resources has staked two new claims totaling 1,163 hectares (claim #'s 1113948 and 1113969) following the discovery of the potential new VMS zone.