Drill Permit Received FOR High Grade GOLD-Copper Red Cliff Project
Decade Resources Ltd.
426 King Street
Stewart, BC
V0T 1W0
TSX.V Trading Symbol: DEC
NEWS RELEASE
February 28, 2023
DRILL PERMIT RECEIVED FOR HIGH GRADE GOLD-COPPER RED CLIFF
PROJECT
Stewart, BC – Decade Resources Ltd (“Decade”) reports that a 5 year drill permit has
been received from the BC Ministry of Mines for an exploration program on the Red Cliff
property located in the “Golden Triangle” area. Decade owns a 65 % interest in the
project and is the project manager. Exploration to date indicates that the Red Cliff
property hosts a large mineralized system that has been traced for several kilometres .
Drilling will be aimed at : checking for extensions of the copper rich Red Cliff zone as
well as extending the Montrose gold- copper zone. Over 1 kilometre of strike length that
is overburden obscured has not been tested between the 2 zones , in addition the zones
remain open to depths beyond 600 m..
To date, gold bearing mineralization has been identified over 2 km of strike length with
the Red Cliff zone to the south and the Montrose zone to the north. The Montrose,
Lower Montrose and Waterpump zones are considered to be one zone that has been
displaced by faulting. Also, within the Montrose zone, faulting appears to have resulted
in repeat sections of mineralization. As well, there appear s to be a wide mineralized
splay that strikes SW from the main Montrose zone, resulting in wide target areas that
are gold bearing over 50 m of width. From the Waterpump zone to the north end of the
identified Montrose zone, mineralization extends to over 600 m of strike length and at
least 600 m of depth and is open along strike and depth. It extends from the ridge top
hosting the Montrose zone at 725 m elevation to 125m elevation as shown by DDDH -
12-11. Width of the gold bearing zone varies from 5 to 40 m with an average of 22 m.
The geological and surface sampling work carried out in historic exploration indicates
that the mineralization within the Montrose area is complex and may consist of several
zones within a wide interval of altered rocks. It is as sociated with a zone of latite
intrusives that have highly altered the adjoining country rock so that contacts are
obscure. Fine grained pyrite is present throughout the mineralized zones in amounts
from 1-10 %. Later veining within the intrusive and contact areas consists of zones of
sphalerite-galena-minor chalcopyrite veinlets. Fine visible gold is commonly noted in
these veinlets. A later stage of chalcopyrite- pyrite –quartz veins are present along the
west side of the mineralized zone. Coarse visible gold is commonly present in the later
mineralization. The Montrose zone is an north- south trending zone that has cross -
cutting veins from to 2 m to 5 wide that trend east -west for at least 25 metres into the
wall zones. Within the Lower Montrose portion of the Montrose, massive sulphide veins
up to 2.5 m wide had reported assays up to 270 g/t gold while 25 m east, sampling ha d
shown assays up to 49 g/t gold over 0.5 m. This is historic sampling which has not been
verified by the Company. It is used for reference purposes.
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 drill 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
Drilling will also test at depth around DDH- 2017-5 on the Upper Montrose zone with
2017 drilling assays shown below:
DDH No. From To Width Gold g/t
DDH-2017-5 311.28 315.40 4.12 19.9
At the south end of the large mineralized system on the Red Cliff portion, previous drill
results are summarized that need follow up as follows:
DDH No. From To Width Gold g/t
RC-2010-1 76.98 81.40 4.42 21.94
RC-2010-2 66.92 74.24 7.32 13.10
Due to the low elevations on the project, the Company plans to start in late April or early
May. The Company will be finalizing the work program with its joint venture partner in
the next few weeks.
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 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 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
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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.”