Business
Decade Resources Acquires Claims Adjacent to the Premier Mine
Stewart, British Columbia--(Newsfile Corp. - November 6, 2018) - Decade Resources Ltd (TSXV: DEC) ("Decade" or the Company) is pleased to announce it has staked
About this update from Decade Resources Ltd.
[{"type":"text","content":" Stewart, British Columbia--(Newsfile Corp. - November 6, 2018) - Decade Resources Ltd (TSXV: DEC) (\"Decade\" or the Company) is pleased to announce it has staked 19 claims totaling approximately 158 ha in the Hyder Mining Division in Alaska. These claims are situated along the international border and are adjacent to the Premier Mine property located on the Canadian side of the border 22 km north of Stewart BC. The claims encompass a number of historic mineral showings that are located in Jurassic age intrusive rocks within the Texas Creek Plutonic suite. These Jurassic age intrusions (193-195 Ma Premier Porphyries near Stewart; Mitchell intrusions at Kerr-Sulphurets-Mitchell deposits) are related to mineralizing events in the Stewart area and Sulphurets-Mitchell valleys. Deposits related to the this suite of rocks include the Premier-Big Missouri deposits, Brucejack Lake and KSM porphyry copper-gold deposits. The newly acquired claims cover the historic Crest property that is described in Bulletin 807, Geology of Hyder and Southeastern Alaska by A. F. Buddington in 1929. According to Buddington, a NW trending quartz-sulphide vein is present on the property. He describes the vein as follows: \"At one open cut, in the bed of a small gulch, the vein consists of a number of small quartz stringers, some of which carry free gold. Assays of the quartz have yielded as high as $105 in gold to the ton. At another open cut a moil sample of the country rock and quartz stringers, 2 feet in width averaged $4.50 in gold to the ton. The mineralized shoots run from $7 to $12 in gold to the ton.\" These results are historic and have not been confirmed by Company sampling. Values of gold per ton above are calculated when the price of gold was $20/ton. Silt sampling along creeks crossing the Granduc road by the Company subsequent to the acquisition yielded up to 0.2 g/t gold in stream sediments. The anomalous results from the stream sampling indicate the presence of gold bearing structures on the newly acquired claims. Ed Kruchkowski, President of the Company states: \"The high grade nature of the veining on the new claims is attractive given that a milling facility may be present 7 km away by an all-weather road. An announcement that the nearby Premier mill may be put back into production in the near future makes this latest acquisition an attr...