Sampling on the Bow Property's Oro Grande Vein yields up to 1472.6 g/t Gold
Decade Resources Ltd. 426 King Street Stewart, BC V0T 1W0
TSX.V Trading Symbol: DEC
May 22, 2014
Sampling on the Bow Property's Oro Grande Vein yields up to 1472.6 g/t Gold
Stewart, BC - Decade Resources Ltd. (“Decade”) reports that it is has received ICP analyses for all 365 surface samples and gold assay results for another 140 samples from the Bow property. The property consists of 2 claims totaling 471 hectares and is contiguous with the Scottie Gold mine Crown Granted claims that host the former Scottie Gold mine 50 kilometres north of Stewart, BC, in the Skeena Mining Division. This mine, which operated from 1981 to 1985, milled vein material averaging 16.20 g/t gold, producing 2,967,748 grams of gold (95,426 ounces gold) from 183,147 tonnes of mineralization. Previous work has indicated in excess of 13 different gold bearing veins in the Bow property-Scottie Gold mine area. Exploration in 2013 outlined at least 4 new sulphide bearing veins on the Bow property, one of which contains visible gold associated with strong molybdenite mineralization. To date, at least 7 and possibly 8 mineralized veins have been located on the property.
The ICP analyses indicate that there are 3 different types of gold bearing vein structures associated with massive pyrite-pyrrhotite-arsenopyrite on the Bow property. These include:
1. Au-Mo+/-As veins (Big M vein –based on ICP and visible gold in samples and Oro Grande vein-based on ICP and gold assays).
2. Au-As-Co-+/-Cu (Bend, Fifi, T-vein and H-1 vein – based on ICP and gold assays).
3. Au +/- Cu (Blueberry based on historic sampling and 2013 sampling on the possible “A”-Adit veins)
Assays have been received for another 140 samples from the 2013 program. Of the 48 samples collected on the Fifi vein, 2 samples assayed > 100 g/t gold, 4 assayed 50-100 g/t, 17 samples assayed 10-50 grams, 20 assayed 1-10 g/t and 8 assayed < 1 g/t gold. The vein is up to 2.5 m wide and has been traced over 230 metres with gold values obtained along the entire length. A total of 12 samples along the vein assayed > 0.1% cobalt with the highest assay being 2.052% Co associated with 3.76% As. Of the 76 samples taken along 50 metres of the Oro Grande vein, 8 samples assayed > 500 g/t, 12 samples from 200-500 g/t, 7 samples from 50-100 g/t, 16 samples from 10-50 g/t, 13 samples from 1-10 g/t and 14 samples < 1 g/t gold. Molybdenite is present in some of the samples associated with visible gold. Results that were < 1 g/t were taken from siliceous, epidote rich wall rock rather than the vein. In the Oro Grande sampling, 10 samples assayed > 0.1% Mo with the highest value being 0.39% Mo. Some of the results of the sampling are shown in the table below:
| Sample # | Vein Tested | Sample Type | Width Metres | Au g/t | As % | Co % |
|---|---|---|---|---|---|---|
| E5339387 | H-1 | Bedrock | Grab | 4.33 | 1.40 | 0.145 |
| E5339326 | Fifi | Bedrock | Grab | 138.88 | 0.009 | 0.004 |
| E5339327 | Fifi | Bedrock | Grab | 230.29 | 0.003 | 0.004 |
| E5339353 | Fifi | Bedrock | 2 m chip | 15.53 | 2.88 | 0.519 |
| Sample # | Vein Tested | Sample Type | Width Metres | Au g/t | As % | Mo % |
| E5339415 | Oro Grande | Bedrock | Grab | 1191.52 | 0.002 | 0.39 |
| E5339431 | Oro Grande | Bedrock | 2 m chip | 20.25 | 0.002 | 0.29 |
| E5339445 | Oro Grande | Bedrock | Grab | 1472.65 | 0.002 | 0.08 |
| E5339472 | Oro Grande | Bedrock | Grab | 793.48 | 0.009 | 0.16 |
At present, the Company is awaiting further surface results from one other area explored during the 2013 sampling program as well as the drill results. Only a few of the received assays to date have included samples with identified visible gold. All samples are assayed by Loring Laboratories of Calgary, Alberta. It is an ISO9001 certified laboratory. All gold assays are analyzed by fire methods which includes gravimetric finishes on the individual samples.
Decade's website has been updated to show data for the Bow Claim as well as the areas of surface sampling and diamond drilling. The Company is presently examining financing options in order to carry out a 2014 field program. Contingent on financing, this program would commence in June, 2014.
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 has conducted all the exploration on behalf of the Company on this property and was responsible for all the logging and sampling.
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 primarily in 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 e-mail [email protected] .
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.”