Decade Acquires Bonaparte Copper - Gold Property in Kamloops Mining Division
Decade Acquires Bonaparte Copper - Gold
Property in Kamloops Mining Division
Stewart, British Columbia--(Newsfile Corp. - October 21, 2025) -
Decade Resources Ltd.
(TSXV:
DEC) ("Decade" or the "Company") announces that it has acquired the right to earn an 80% undivided
interest in 3 mineral claims totaling 2969.58 ha. (the "Property") located approximately 50km north of
Kamloops, B.C., within the Kamloops Mining Division. The Bonaparte mineral claims are located on
NTS map sheet 92I/16W and 92P/1W, the centre of the property is located at 50°59'38.61" North
longitude and 120°26'11.29" West latitude. There are two reported Minfile Occurrences located on the
property consisting of (Bonaparte 092 050) and (JS Molybdenite 092INE178).
Under the terms of the Option Agreement, the Optionor (an arms-length party to Decade) granted
Decade the sole and exclusive right and option to earn an 80% undivided interest in the Property (the
"Option"), by making the following payments to the Optionor (collectively, the "Option Payments"), as
follows:
Date Of Option Payment
Shares Issued to Optionee
Upon the effective date of the Option Agreement
2,937,713
On or before 1st anniversary of effective date
2,937,713
On or before 2nd anniversary of effective date
2,937,713
On or before 3rd anniversary of effective date
2,937,713
On or before 4th anniversary of effective date
2,937,713
Upon completion of all Option Payments, the Option shall be deemed to have been exercised by
Decade. Upon exercise of the Option, Decade and the Optionor will enter into an agreement granting a
2% net smelter returns royalty (the "NSR Royalty") in respect of the Property in favour of the Optionor.
Half of the Optionor's interest in the NSR Royalty (being a 1% net smelter returns royalty) may be
purchased by Decade upon payment of $3,000,000 within 12 months before the date commercial
production commences on the Property. Any shares issued pursuant to the Option Agreement will be
subject to a four (4) month and one (1) day resale restriction from the date of issuance pursuant to
National Instrument 45-102 -
Resale of Securities
. The Option Agreement and the issuance of the
Option Payment shares remains subject to TSX-V approval.
Management Commentary
Ed Kruchkowski, President of Decade Resources, stated:
"Decade had an opportunity to pick up an exciting copper-gold prospect sitting on a proven porphyry
trend, yet never drill tested. In 2013, J. M. Logan and M.G. Mihalynuk of the British Columbia Geological
Survey, Ministry of Energy, Mines and Natural Resources visited the Bonaparte property. They reported
that metal and alteration assemblages at the Bonaparte are shared by other porphyry deposits of the
Early Jurassic Takomkane-Wildhorse magmatic belt (Brenda Cu-Mo, Woodjam Au, Cu-Mo porphyry
deposits) suggesting the mineralization discovered to date at the Bonaparte property represents the
upper levels of a buried porphyry system. The Company QP visited the property and confirmed the
presence of copper mineralization within exposed intrusive rocks. The Company is planning a maiden
drill program on the copper-gold portion of the property and has applied for the necessary permits"
The Company would also like to report that it has granted 6,000,000 incentive stock options to directors
and consultants of the Company (the "Options") pursuant to the Company's stock option plan. The
Options have a term of 5 years and are exercisable at a price of $0.05 per common share. Of the
6,000,000 Options granted, an aggregate of 4,000,000 were granted to directors.
Clarification on Use of Proceeds and Finder's Fee from Private Placement that closed on
October 9, 2025
All of the proceeds from the sale of flow-through units will be utilized for incurring flow-through expenses
that qualify as Canadian exploration expenses and flow-through critical mineral mining expenditures as
defined in the Income Tax Act (Canada). Flow-through proceeds will be spent on the company's British
Columbia properties. None of the proceeds from the financing will be used for payments to non-arm's-
length parties of the company, or to persons conducting investor relations activities. The Company has
not allocated any specific use for funds representing 10% or more of the gross proceeds.
Also, each finder's warrant, that was issued, is exercisable into one common share of the Company at a
price of $0.05 per share for a two-year period and expiring on October 7, 2027.
Qualified Person
Ed Kruchkowski, P.Geo., President of Decade Resources Ltd., is a Qualified Person as defined by
National Instrument 43-101 and has reviewed and approved the technical contents of this news release.
About Decade Resources Ltd.
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.
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.
Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information
within the meaning of applicable Canadian securities laws. All statements in this news release, other
than statements of historical facts, including statements regarding future estimates, plans, objectives,
timing, assumptions or expectations of future performance, including without limitation, that the Company
will receive regulatory approval of the Option, the exercise of the Option, exploration plans for the
Property and the use of funds for the recently completed private placement are forward-looking
statements and contain forward-looking information. Generally, forward-looking statements and
information can be identified by the use of forward-looking terminology such as "intends" or
"anticipates", or variations of such words and phrases or statements that certain actions, events or
results "may", "could", "should" or "would" or occur.
Forward-looking statements are based on certain material assumptions and analysis made by the
Company and the opinions and estimates of management as of the date of this press release, including
that Company will be able to receive regulatory approval for the Option, that the Company will be able or
willing to make the Option Payments in order to exercise the Option, that the Company will have the
necessary funds and resources to conduct its exploration plans on the Property and that the Company
will use the proceeds from the private placement as anticipated.
These forward-looking statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or achievements of the Company
to be materially different from those expressed or implied by such forward-looking statements or
forward-looking information. Important risks that may cause actual results to vary, include, without
limitation, the risk that the Company is unable to receive regulatory approval for the Option Agreement;
that the Company may be unable or unwilling to make all Option Payments and exercise the Option; that
the Company may be unable to conduct its exploration plans on the Property as anticipated, or at all; and
that the Company may not use the proceeds from the private placement as anticipated.
Although management of the Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in forward-looking statements or forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be appropriate for other purposes. The
Company does not undertake to update any forward-looking statement, forward-looking information or
financial outlook that are incorporated by reference herein, except in accordance with applicable
securities laws.
References
Logan, J.M., and Mihalynuk, M.G., 2013. Bonaparte gold: another 195 Ma Au-Cu porphyry deposit in southern British Columbia? In: Geological
Fieldwork 2012, British Columbia Ministry of Energy, Mines and Natural Gas. British Columbia Geological Survey Paper 2013-1, 71-80.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/271117