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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Decade Resources Ltd | TSXV:DEC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -12.50% | 0.035 | 0.035 | 0.04 | 0.035 | 0.035 | 0.035 | 836,000 | 17:49:44 |
The property was a historic producer during the late 1970’s with reported production of about 4,159 tonnes of ore with an average grade of 563 g/t silver, 1.72 g/t gold and 1.65 per cent (%) zinc with minor lead and copper. The producer had laminated, narrow sulphide-quartz-siderite veins rocks containing massive sphalerite and disseminated to massive arsenopyrite, pyrite, tetrahedrite, freibergite and minor galena. During the 1970's, a mine access trail was constructed to the base of the mine workings located along steep cliffs. This trail can provide future access to the area of the property.
Work during 2016 was primarily focused on exploration for Kuroko type VMS deposits along the northern and western part of the property. Several different mineralization types were indicated from this work.
Highlights of the sampling include:
The sampling was carried out on float rocks in the valleys in order to cover as great an area as possible. Sampling of a calcareous mudstone with finely laminated and bedded sulphides yielded 33.4 g/t Ag, 0.70 % Pb and 6.50 % Zn. Sampling of dacitic rocks gave a high of 115.7 g/t Ag, 0.50 % Pb and 6.5 % Zn within a breccia with strong hydrozincite staining. Numerous hydrozincite stained boulders are present within a moraine along the south part of the claims that are derived from the western portion of the property.
A total of 9 samples collected in the northern part of the property yielded 0.1 to 2.3 g/t Au, 6.7 to 100 g/t Ag with 0.02 to 0.65 % Pb and 0.085 to 2.76 % Zn. This is the same area that sampling in 2003 (ARIS report 27290) yielded 3076 g/t Ag, 013 % Pb, 0.11 % Zn and 0.67 % Cu associated with elevated arsenic.
Work in 2017 will focus on locating the area of mineralization, both the VMS source as well as silver with gold zone. This will include further prospecting, mapping and possible drilling.
All samples are assayed by Loring laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory. The Company employs a system of known standards and blanks inserted into the sample stream to monitor lab results.
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 updated. 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 TSXVenture 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 andconditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currentlyanticipated in such statements.”
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