Company Identifies Wide Deformation Zone Hosting Multiple Mineralized Sections in Drilling on the Del Norte Project
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
August 27, 2020
Company Identifies Wide Deformation Zone Hosting Multiple Mineralized Sections
in Drilling on the Del Norte Project
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) an nounces that it
has completed 6 drill holes from 2 different pads o n the Del Norte property. It was
optioned from Teuton Resource Corp. in January of 2 020 with terms allowing the
Company to earn up to a 55% interest in the propert y by spending $4 million over a five
year period. The Company can an earn an additional 20% interest by carrying the
property to commercial production. The property lies within BC’s “Golden Triangle”
located 34 kilometres east of Stewart, BC and is co mprised of 5,830.16 ha in 13
separate claims.
The first part of the Company's 2020 drill program has tested the southern extension of
the 1.2km long, north-south striking LG vein. Much of the historic drilling completed
from 2003 to 2006 was from the west side of the LG vein (aiming towards the east) with
relatively short holes of less than 150m. Based on 2020 surface and drill core
observations, in conjunction with information in th e Company's comprehensive 43-101
report, a new structure has been identified called the "Argo"--a 115 m wide north-south
zone of deformation. Previous drilling has mostly been along the eastern side of the
Argo deformation zone. The LG Vein and the newly r ecognized LG Deep zone occur
within this deformation corridor, along with severa l other lesser zones of
mineralization.
The deformation corridor, is composed of argillites and lapilli tuffs, brecciated and
sheared with quartz-carbonate-sulphide cemented bre ccias, replacement zones and
veins. Breccia fragments, composed mostly of argill ite are very angular ranging in size
from less than 1 cm to 10 cm across. Mineralized zo nes host sulphides including pyrite,
sphalerite, galena and tetrahedrite mineralization along with sections mineralized by fine
acicular arsenopyrite. Core from DDH-20-6 is shown in the attached photos. Photo of
core being loaded at staging is attached.
Results for some of the few historic deeper holes d rilled from the east towards the west
that tested the LG Deep zone are shown below:
Drill Holes Width (m)* Gold g/t Silver g/t Gold Equ ivalent)**
g/t
DDH 04-02 3.60 8.37 297.3 12.53
DDH 04-020 8.75 7.06 509.5 14.19
DDH 04-029 6.16 2.02 64.1 2.92
DDH 04-036 8.60 3.02 270.50 6.80
DDH 05-02 15.54 6.47 346.02 11.31
DDH 05-02 4.27 4.48 476.5 11.18
* Drill Indicated width only
** Gold equivalent calculated as follows: Gold-Sil ver ratio of 71.45 based on the August
26, 2020 closing prices of $1,952 an ounce for gold and $27.32 an ounce for silver.
In addition to the Argo Deformation zone, there are at least 2 other zones of
mineralization, namely the Kosciuszko and Eagles Ne st zones. At present, a drill pad is
being constructed in order that the Eagles Nest zone can be tested.
Exploration work is being conducted from Stewart in order to avoid a camp situation that
may lead to health concerns due to the COVID-19 vir us. The Company uses a Stewart
based helicopter for support. A pad building crew, diamond drill crew and support staff
mobilize on a daily basis from a staging area near the project. The geological crew is
one that the Company has relied on for a number of years and which has intimate
knowledge of the property.
All drill cores in this program are NQ in size. The core is brought into Stewart on a daily
basis where it is logged for cutting on a diamond s aw. Assays are to be completed on
sawn half cores, with the second half kept for futu re reference. The samples will be
analyzed using 30 element ICP and standard fire ass ay procedures with atomic
absorption (AA) finish on samples yielding a grade higher than ten g/t Au. Standard
reference materials and blank samples were inserted prior to shipment for quality
assurance and quality control (QA/QC) program.
Analysis will be performed by Activation Laboratories Ltd in Kamloops BC.
Ed Kruchkowski, P. Geo., a qualified person under N ational Instrument 43-101 is
responsible for the contents of this release. E. Kr uchkowski is not independent of
Decade as he is the president of the Company.
Decade Resources Ltd. is a Canadian based mineral e xploration company actively
seeking opportunities in the resource sector. Decad e 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 Com pany 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
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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.”