Decade Options Georgia River Project Which Hosts Reported Gold Resources
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
April 11, 2017
Decade Options Georgia River Project Which Hosts Reported Gold Resources
Stewart, BC - Decade Resources Ltd. (“Decade”) reports that it has entered into an
option agreement with Auramex Resource Corp. on the Georgia River property.
Auramex has granted to Decade the right to earn a 7 5% undivided interest in the
Georgia River project by making cash payments to Au ramex and incurring exploration
expenditures on the following terms:
(i) $50,000 payment to Auramex upon execution of the option agreement;
(ii) $75,000 payment on or before the first anniver sary date of the option
agreement;
(iii) $150,000 payment on or before the second anni versary date of the option
agreement; and
(iv) $200,000 payment on or before the third annive rsary date of the option
agreement; and incurring expenditures on the property as follows:
(i) $250,000 on or before the first anniversary date of the agreement;
(ii) $500,000 on or before the second anniversary date of the agreement;
(iii) $750,000 on or before the third anniversary date of the agreement; and
(iv) $1,000,000 on or before the fourth anniversary date of the agreement.
The Georgia River property is located approximately 13 kilometers south of Stewart,
B.C. on the east side of the Portland Canal. The pr oject is located at the south end of
the "Golden Triangle" located in the Stewart area of B.C.
Narrow quartz veins with pyrite, pyrrhotite, galena , sphalerite, chalcopyrite, arsenopyrite
and electrum (gold-silver alloy) occur along northe rly trending fault zones. Marked gold
enrichment with an increase in quartz veining occur along the northerly shears in areas
associated with their intersection with earlier nor thwest veins. To date, a total of 18 vein
systems have been discovered on the property of whi ch 7 are wide NW trending quartz
veins and 8 are later northerly trending gold beari ng veins. Of the identified eight north
trending veins, only one, called the Southwest vein has been explored to any great
extent. Within it, there are 3 main zones (called Z one 1, 2 and 3) of gold bearing quartz
veins where it intersects the earlier quartz veins. To date, only 1 of the above gold
bearing zones along the Southwest vein has been exp lored in detail. The Southwest
vein has been exposed by trenching and drilling for a strike length of at least 595 m over
a vertical distance of at least 258 m. It has also been explored by two adits 85 metres
apart topographically; the No. 1 level has been drifted along 47.8 m of the vein while the
No. 2 has drifted for 155.5 m along the vein. From a small stope on the No 2 level, a
total of 454 tonnes were mined and milled in 1937, yielding 10,200 grams Au, 12,705
grams Ag and 3312 kg Pb at an average grade of 22.56 g/t Au, 28.11 g/t Ag and 0.73 %
Pb.
Based on underground sampling of the No 1 and 2 lev els, surface trenching and 95
surface drill holes, a resource was calculated for the property. The reported total
combined resources at Georgia River include 290,272 tonnes grading 28.7 grams per
tonne gold. (BC Minfile report). The resource is non 43-101 compliant and has not be en
verified by the Company. E Kruchkowski, President o f the Company performed most of
the exploration work from 1980 to 1989 on the prope rty and can verify on the validity of
the obtained data in that period.
The bulk of the exploration has been on only Zone 1 along the Southwest vein and the
other 2 identified zones remain partially explored. Numerous drill targets remain at the
property, including along depth at the Southwest No 1 zone, in the area of Zone 2 and 3
along the Southwest vein as well as the numerous ot her gold bearing structures. Drilling
has indicated great continuity of gold values along dip within the outlined Zone No 1 and
2 along the Southwest vein.
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 ind ependent 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 up dated.
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.”