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

February 06, 2024 8:00 AM EST | Source: Decade Resources Ltd.

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 #EastingNorthingCu %Ag g/tAu g/t
AA000425562531.760432334.02%20.90.094
AA000428562363.960430465.97%400.467
AA000430562488.860431639.57%39.34.24
AA000431562531.760431863.89%15.10.315
AA000434562279.160430851.66%11.90.203
AA000436562434.560430101.03%6.941.315
AA000438562270.4604296113%1920.077
AA000439562280.760429753.06%40.90.227
AA000440562261.560429881.39%17.550.035
AA000441562217.760429841.45%16.250.123
AA00044256216960430372.31%29.50.165
AA000444562284.160426901.80%6.230.464
AA00044556229460427001.44%7.080.624
AA000446562672.860436344.37%17.451.37
AA000447562600.860435725.58%22.30.76
AA000448562370.360436479.69%88.162
AA000449562566.760430562.25%14.32.4
AA000488562884.160423173.62%29.20.005
AA000492563186.360407311.44%10.50.19
AA003623564071.460424403.03%82.70.015
AA00362456406360424465.23%1310.007
AA00363056320160407292.04%13.40.015
AA00377956347260425683.05%57.70.034
AA00378156290660435544.64%23.60.332
AA003782562907604355510.05%42.20.6
AA00378356291160436125.78%32.74.37
AA00378456290660436232.20%19.60.051
AA00378756292960436312.13%21.60.01
AA00378856293160436361.07%22.40.004
AA00378956292760436313.35%33.10.021
AA00379156295460437192.16%22.20.008
AA00379356292860437391.78%32.40.012
AA00379456271560435802.01%49.10.015
AA001530562660.860437601.87%18.550.025
AA001532562628.660439472.54%35.10.057
AA00153356262860439431.18%14.60.026
AA001534562303.660437241.80%17.70.035
AA001535562302.660437582.26%23.80.039
AA00154756265460433601.44%40.8<0.001
AA001549562635.160433371.52%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:

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Figure 1

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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."

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