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Decade Resources Ltd (DECXF) is a Canadian mineral exploration company operating in the "Golden Triangle" area of northern British Columbia. With a focus on copper-silver deposits, the company owns 52 contiguous mineral claims totaling over 21,000 hectares, including the Treasure Mountain, Nobody Knows, and Dardanelle properties. Recent exploration efforts have identified significant copper-silver mineralization, bornite, chalcocite, and malachite. The company's 2024 field season will target the Copper River and Del Norte projects, aiming to explore for porphyry copper-gold potential. Stay informed about Decade's latest developments and achievements in the resource sector.
Decade Resources (TSXV: DEC) has amended its previously announced non-brokered private placement. The company will now issue 25,714,286 units at $0.035 per unit, for gross proceeds of $900,000. Each unit consists of one common share and one share purchase warrant, exercisable for five years at $0.06 per share. The majority of proceeds will be used for general working capital, with potentially over 10% allocated to exploration of BC Properties. Finders' fees of 8% in cash and warrants will be paid for certain investors. The financing is subject to TSX-V approval and a four-month statutory hold period.
Decade Resources (TSXV: DEC) has announced a non-brokered private placement of 30,000,000 units at $0.03 per unit, aiming to raise $900,000. Each unit includes one common share and one share purchase warrant, exercisable at $0.06 per share for 28 months. The majority of proceeds will be used for general working capital, with potential allocation of over 10% towards exploration of BC Properties. The company will pay 8% finders' fees in cash and warrants for certain investors. The private placement is subject to TSX-V approval and a four-month statutory hold period. Decade Resources focuses on mineral exploration in British Columbia's 'Golden Triangle' area.
Decade Resources (TSXV: DEC) is investigating a potential new VMS zone within the Nobody Knows zone in Terrace, BC. The company's project includes 54 mineral claims totaling 24,179.7 hectares. Recent findings from high-grade gold blast boulders revealed unique features:
- Sulphide clusters in rocks resembling intrusive textures
- Host rock composed mainly of sericite and/or anhydrite
- Presence of massive arsenopyrite and sphalerite
- Highly pitted rock surfaces with yellow arsenic stains
A geological crew has been mobilized to map, soil sample, and sample the area. The company aims to establish the source rocks by identifying anomalies for arsenic, lead, gold, and silver in the overburden-covered area.
Decade Resources (TSXV: DEC) has initiated a drill program on the Del Norte Project to test the K-Zone. The company plans to drill approximately 3000m in 15 drill holes to define the zone. The Del Norte property, located 34 km east of Stewart, BC, contains numerous mineralized zones, with the K-Zone showing significant gold and silver values in previous trenching and drilling.
Key highlights:
- 2002 trenching: 10m @ 6.14 g/t Au, 630.86 g/t Ag
- 2006 trenching: 15m @ 3.93 g/t Au, 267.59 g/t Ag
- Previous drilling: up to 23.4m @ 7.64 g/t Au, 277.3 g/t Ag
The company has also discovered a new zone of quartz stockwork northeast of the K-zone, hosting galena and arsenopyrite. Decade can earn up to a 75% interest in the property through exploration expenditures and by carrying it to commercial production.
Decade Resources (TSXV: DEC) has discovered new copper-gold-silver mineralization in a breccia zone on the Nobody Knows portion of its Terrace Property. The company reported assay results from random grab samples showing up to 11.89% copper, 0.591 g/t gold, and 40.25 g/t silver. This new zone is located 200m SW of previously discovered VMS blast boulders.
Decade also provided an update on its Del Norte project, where it needs to spend another $900,000 to fulfill earn-in commitments. The company is raising funds to test the K-zone, a base metal zone containing precious metals up to 10m wide, part of a 1.2 km long mineralized zone open along strike and depth.
Decade Resources (TSXV: DEC) has announced a non-brokered private placement of flow-through shares to raise up to $1,000,000. The offering comprises 20,000,000 flow-through units at $0.05 per unit. Each unit includes one common share and one transferable warrant, exercisable at $0.08 per share for 24 months. The placement benefits from the Mineral Exploration Tax Credit (METC) and the new 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. Proceeds will be used for the company's projects in British Columbia. Directors and officers may participate, and finders' fees may be payable.
Decade Resources (TSXV: DEC) provides an update on its exploration plans. The company focuses on the Copper River property, which spans 52 mineral claims covering 23,016.7 hectares. Key areas include Nobody Knows, Dardanelle, and Treasure Mountain. Recent achievements include 14 drill holes on Nobody Knows #2, discovering gold-bearing VMS boulders with assays up to 79.12 g/t gold.
Del Norte project: Decade aims to earn a 55% interest with a $400,000 payment over 4 years and $4M expenditures over 5 years. Highlights include locating 4 new high-grade silver-gold zones. Significant drill intersections were noted in the Argo zone.
The projects are situated in the Golden Triangle, known for its rich gold and copper deposits. The exploration programs are overseen by Ed Kruchkowski, a qualified person under National Instrument 43-101. For more details, visit the company's website.
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.
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