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Decade's Drilling Intersects Further Native Silver, Acanthite (Silver Sulphide) and Native Gold in DDH-DN-21-12 on theArgo/LG Zones at Del Norte Property, Golden Triangle, BC
Stewart, British Columbia--(Newsfile Corp. - August 26, 2021) - Decade Resources Ltd (TSXV: ...
About this update from Decade Resources Ltd.
[{"type":"text","content":"Decade's Drilling Intersects Further Native Silver, Acanthite (Silver Sulphide) and Native Gold in DDH-DN-21-12 on theArgo/LG Zones at Del Norte Property, Golden Triangle, BCStewart, British Columbia--(Newsfile Corp. - August 26, 2021) - Decade Resources Ltd (TSXV: DEC) (\"Decade\" or the Company) announces that it has intersected further native silver, acanthite (silver sulphide) and native gold in DDH-DN-21-12 on theArgo/LG zones at the Del Norte property. The property is situated within BC's \"Golden Triangle\", 34 kilometres east of Stewart, BC. Highlights of the recent drill hole include:Native silver/acanthite observed as smeared zones in DDH-21-12 (see photo).Visible gold associated with sphalerite (zinc sulphide), pyrite (iron sulphide), galena (lead sulphide) and tetrahedrite (copper-silver antimony sulphide) (see 2 included photos).Heavy sphalerite, pyrite, galena and tetrahedrite observed over 10 m of core intersection.2021 drilling indicates a strike length of at least 250m and height of at least 120m for the latest high grade intersections.Ed Kruchkowski, President of the Company states: \"The Company is extremely excited by the presence of visible gold, silver minerals and strong base metal mineralization in the latest drill hole. The drilling also shows a great consistency in mineralization between the various drill holes. This recent success was based on testing of geological modelling carried out after the completion of the 2020 program.\"Mineralization is located within pyrite-rich, black mud lapilli tuffs with sub-intervals of dacite lapilli tuffs. Sulphides include pyrite, sphalerite, galena and tetrahedrite along with visible gold and silver in the 2021 drill holes.The Del Norte property was optioned from Teuton Resource Corp. in January of 2020 with terms allowing the Company to earn up to a 55% interest in the property by spending $4 million over a five year period. The Company can an earn an additional 20% interest by carrying the property to commercial production.Private PlacementThe Company has undertaken a $600,000.00 flow through and non-flow through financing to continue funding a phase 2 program and continued exploration. The flow-through is at a price of seven cents per flow-through unit. Each flow-through unit will comprise one flow-through common share and one transferable non-flow-through common...