Decade Announces Project Updates
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
April 20, 2023
DECADE ANNOUNCES PROJECT UPDATES
Stewart, BC – Decade Resources Ltd (“Decade” or the Company announces that it has
permit approval for drilling 7 different properties in the Stewart and Terrace areas. Permits
are on 4 properties that are 100 % owned, 2 are on properties the Company is farming into
while another is on a property 65% owned by the Company. It has applied for another to
compliment the three of the permits in the Terrace area claims. Two of the properties qualify
for the Mineral Exploration Tax Credit (METC). The federal act allows the Mineral
Exploration Tax Credit (METC) to provide an additional income tax benefit for individuals
who invest in mining flow-through shares, which augments the tax benefits associated with
the deductions that are flowed through. The METC is equal to 15 per cent of specified
mineral exploration expenses incurred in Canada and renounced to flow-through share
investors. T h e a c t allows a new 30-per-cent Critical Mineral Exploration Tax Credit
(CMETC) for specified minerals. The specified minerals that would be eligible for the CMETC
are: copper, nickel, lithium, cobalt, graphite, rare earth elements, scandium, titanium,
gallium, vanadium, tellurium, magnesium, zinc, pla tinum group metals and uranium. T hese
minerals are used in the production of batteries and permanent magnets, both of which are
used in zero-emission vehicles, or are necessary in the production and processing of
advanced materials, clean technology, or semi-conductors.
A summary of some of the permitted properties are as follows:
Treasure Mountain
The Company also announces that it is competing a compilation of Company sampling from
the 2017 to 2022 exploration periods for the Treasure Mountain property. High copper values
with associated silver occur within replacement zones in volcanic rocks along a 14 km strike
length. At present, there are 22 different copper-silver showings. Historic drilling has been
carried out on 2 small areas of this mineralized trend. On the Purdex occurrence, the
following results were obtained:
A 26 metre surface chip sample assayed 2.44 per cent copper and 0.4 grams per tonne silver
(Minister of Mines Annual Report 1965). A total of nine chip samples ranging in length from
0.9 to 4.0 metres were collected from old trenches in 2017 by the Company confirming earlier
work. They assayed from 0.49 to 5.51 % copper and from 7.2 to 42.7 g/t silver. They gave a
weighted average of 3.37% copper and 30.68 g/t silver.
Red Cliff
The Company as operator has proposed a Phase I program calling for 1600m of drilling to
further define the results of previous drilling. Due to the lower elevations on this property,
drilling can commence in early to mid May. Drilling in 2023 will be aimed at defining zones of
near surface high grade gold-copper for a potential 10,000 tonne bulk test in the Upper
Montrose area. Drilling will further test the area of results shown below:
DDH No. From (m) To (m) Width (m) Gold g/t
DDH-2009-1 41.16 56.40 15.24 11.55
DDH-2009-2 93.9 106.1 15.24 8.9
DDH-2010-27 45.12 58.54 13.41 8.19
DDH-2010-28 57.16 75.61 18.45 49.2
Premier East
The project is located 500m east of the Premier Gold-Silver mine pit. The fault structure
hosting mineralization over 3 km of strike (including the Premier Mine) on the adjacent mine
property trends into the Company claims. Highly altered sericitic and pyritic rocks outcrop on
the west boundary of the claims. Overlying post mineral rocks obscure the formation hosting
the gold-silver mineralization on the Company claims. The Company plans to examine the
possibility of drilling a hole to test for the structures within the formation that hosts the
mineralization.
Del Norte
The Company can earn up to a 55% interest in the property 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. To date, the Company has spent over 3 million dollars.
The drilling by the Company has tested the contact of felsic volcanic rocks of the Hazelton
Group and sedimentary rocks of the Salmon River Formation. This is the same horizon that
hosts the Eskay Creek mine 60km north of Stewart. Drilling was from drill platforms located
on rock islands (nunataks) within the South Nelson Glacier. The drilling was successful in
testing for extensions of previous discoveries that indicated high grade gold and silver
mineralization.
Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 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 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.”