Business
Decade Provides Update on Exploration Plans
Stewart, British Columbia--(Newsfile Corp. - August 15, 2024) - Decade Resources Ltd (TSXV: DEC) ...
About this update from Decade Resources Ltd.
[{"type":"text","content":"Decade Provides Update on Exploration PlansStewart, British Columbia--(Newsfile Corp. - August 15, 2024) - Decade Resources Ltd (TSXV: DEC) (\"Decade\") is providing plans for ongoing exploration on the Copper River property which is part of a large claim holding consisting of 52 contiguous minerals claims which include Nobody Knows, Dardanelle (presently farmed out) and Treasure Mountain properties totaling 23,016.7 hectares. All 52 mineral claims are 100% owned by Decade Resources Ltd. The project stretches from 10 to 40 air kilometers east of Terrace, B.C., on the northern slopes of the Copper River valley. The Company plans to explore the gold-silver zones and porphyry copper-gold potential of the Del Norte project as well.The company has a large strategic land position in the Golden Triangle of British Columbia, an area that hosts some of the largest and highest-grade gold deposits in the world. This mineral belt trend is host to over 80 million ounces of gold and over 17 billion pounds of copper (based on published data on SEDAR). To date the Company has completed the following:Copper River14 drill holes on the Nobody Knows # 2. Discovered gold bearing VMS boulders that assayed up to 79.12 g/t gold and 927 g/t on the Nobody Knows claim.Core logging and assaying the core from the Nobody Knows drilling.Further claim acquisition in the VMS discovery area.Mapping at the VMS discovery area to identify the possible source of the road blast rock.Investigation of newly constructed logging roads.Golden Triangle map showing deposits and prospects.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3615/220031_3d328f9034273b9f_001full.jpgDel NorteDecade Resources has the right to earn up to a 55 % interest under the following terms:Payment of $400,000 over 4 years with an initial payment of $20,000 (Made).Issuing 800,000 shares of Decade on signing. (Made).Issuing $180,000 of Decade stock over a 4-year period (Made).Expenditures of $4,000,000 over 5 years (require $900,000 expenditure).Investigation of drill pads to test the K-zone and porphyry copper-gold potential.Figure 2To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3615/220031_3d328f9034273b9f_002full.jpgThe Del Norte project covers an eight-kilometre-long north-south mineralized belt th...