Company Reports 2190 g/t Silver and 11.2 g/t Gold in Grab sampling on Newly Discovered Eagle’s Nest Zone
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
September 3, 2020
Company Reports 2190 g/t Silver and 11.2 g/t Gold in Grab sampling on Newly
Discovered Eagle’s Nest Zone
Stewart, BC – Decade Resources Ltd (“Decade” or the Company) an nounces that it
has received partial assays from surface sampling 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 earn an additional 20% interest by carrying the property
to commercial production. The Lord Nelson Tenures are adjacent to the north end of the
Del Norte property and the Company can earn up to a 55% interest in the property by
spending $2 million over a five year period. The Co mpany can an earn an additional
20% interest by carrying the property to commercial production. The properties lie within
BC’s “Golden Triangle” located 34 kilometres east of Stewart, BC.
The 2020 program consists of surface sampling on newly discovered zones, saw cutting
(channel sampling) zones of mineralization where po ssible and diamond drilling to
define the limits of the known zones and any new di scovered zones. Mineral zones are
shown on the attached map, relative to claim boundaries and to each other.
Highlights of the surface sampling include the following:
2190 g/t Ag and 11.2 g/t Au from grab sampling on the Eagle’s Nest Zone.
36.5 g/t Au and 153 g/t Ag from grab sampling on the Crackle Zone.
32.0 g/t Au and > 1% Cu from grab sampling on the Lord Nelson Tenure in
the area of the ‘8 oz” showing.
1520 g/t Ag and 22.2 g/t Au from grab sampling in a new vein west of
Eagle’s Nest zone.
The surface sampling has been successful in definin g numerous target areas for follow
up exploration. The Eagle’s Nest zone is a deformat ion zone parallel to and west of the
newly identified Argo zone that the Company has bee n drill testing. Total width is
unknown but early indications are that it is at lea st 6-8 m wide with stringers and veins
of quartz with sparse sulphides in a black matrix lapilli tuff. Visual observations from the
helicopter indicate the presence of more veins east of and below the present drill pad.
Based on GPS readings obtained over the aerial exte nt exposed, the zone is at least
440 m long. Samples are all from bedrock except whe re noted as float. Samples for
which the Company has assays include the following:
Sample
Number
Type Description Ag g/t Au g/t
KKM - 17 Grab Float – below Eagle ’s Nest 561.0 20.6
KKM - 37 Grab Quartz – Eagle ’s Nest 2190.0 11.2
KKM - 41 Grab Lapilli Tuff – Eagle ’s Nest 19.0 0.144
Work has indicated the possibility of further high- grade silver-gold zones west and
topographically above the Eagles Nest zone. Sampling has indicated the following:
Sample
Number
Type Description Ag g/t Au g/t
A20 - 73 Float Float – above Eagle ’s Nest 54.4 0.99
A20 - 75 Grab Quartz – New Vein 1520.0 22.2
The Company also conducted grab and saw cut samplin g in the “8 oz” zone located
near the northern boundary of the Del Norte propert y. Observations indicate numerous
stringers and veinlets of strong pyrite - chalcopyr ite mineralization over widths that may
be up to 200 m. Preliminary sampling indicates the following assays:
Sample
Number
Type Description Cu % Au g/t
A20 - 63 0.7m channel Zone of pyrite-chalcopyrite
stringers
0.75 10.3
A20 - 67 1.0m channel Zone of pyrite-chalcopyrite
stringers
0.122 0.4
A20 - 70 1.0m channel Zone of pyrite-chalcopyrite
stringers
>1.0 % 2.25
KKM – 04 Grab Sulphide rich stringers >1.0 % 32.0
The Company plans further work consisting of channe l sampling across the zones
which are within smooth outcrops due to glacial polishing.
Grab samples are solely designed to show the presence or absence of any mineralization and to
characterize the metal tenor in this mineralization. Grab samples are by definition selective and not
intended to provide nor should be construed as a representative indication of grade or mineralization
at the project; and the grab samples analysed from the project reflect a broad range in grade.
Drilling is expected to start on the Eagle’s Nest z one tomorrow and holes are expected
to be around 200m each. It is planned to fan a numb er of holes from the only available
drill site. To date 9 holes varying in depth from 2 00-300m have been completed. A
photo of a drill pad on the Argo zone is included.
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
“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.”
Drill pad - DN20-08 drilling the Argo zone
¹
465000
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470000
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.
475000
0. 00000
Meziadin
Lake
Nelson Creek
Placer Mine
Operated by Cominco
in the 1930's
Lord Nelson
(Optioned from Teuton
Resources)
A1
H!
LG Vein
Hole DN05-02:
15.5m of 346 g/t Ag and 6.47 g/t Au
P1
2685 g/T Ag
4.98 g/T Au
Argo
Zone
Eagle's
Nest
Eagle's
Nest
South
A2
Area of
2020
drilling
A3
K Zone
Hole DN02-03:
23.4m of 277 g/t Ag and 7.64 g/t Au
A4
Del Norte A5
(Optioned
from Teuton
Resources)
0 1 2
1:70,000
4
Kilometers
Willoughby Creek
Placer
DEC-2020-TargetMap_02
NAD 83
Sept 02 2020
Last updated: Sept 02 2020
Created by: NB
465000
. 000000
470000
00 . 0000
475000
0 . 00000
Del Norte Property - Decade Resources Ltd.
2018 Geotech ZTEM Survey
P Type
Porphyry Target
A Type
Gold Target
8 Oz. Showing
3 Oz Vein
Hole DN06-02
47.4m of 10.4 g/t Ag
and 1.77 g/t Au
6205000
. 000000
6210000
. 000000
6215000
. 000000
6205000
.00000
6210000
.0 0000
6215000
.00000
A6