Surface Sampling Indicates Several New Zones of Mineralization on the Goat Property
November 29 2016 - 8:10AM
Decade Resources Ltd. (“Decade”) (TSX.V:DEC) reports that it has
received ICP results for a 2016 surface program on the Goat
property. The property consists of 5 claims totaling 1117.59
hectares in the Stewart area of the Golden Triangle district of
British Columbia. The claims in the property are contiguous and are
located about 34 kilometers northeast of Stewart, British Columbia
in the headwaters of the Goat and North Goat Glacier valleys,
tributaries to Surprise Creek.
The property was a historic producer during the
late 1970’s with reported production of about 4,159 tonnes of ore
with an average grade of 563 g/t silver, 1.72 g/t gold and 1.65 per
cent (%) zinc with minor lead and copper. The producer had
laminated, narrow sulphide-quartz-siderite veins rocks containing
massive sphalerite and disseminated to massive arsenopyrite,
pyrite, tetrahedrite, freibergite and minor galena. During the
1970's, a mine access trail was constructed to the base of the mine
workings located along steep cliffs. This trail can provide future
access to the area of the property.
Work during 2016 was primarily focused on
exploration for Kuroko type VMS deposits along the northern and
western part of the property. Several different mineralization
types were indicated from this work.
Highlights of the sampling include:
- The presence of Kuroko type VMS mineralization along the
western portion of the claim.
- The presence of high grade silver with gold associated with
lead - zinc bearing rocks along the northern part of the
property.
The sampling was carried out on float rocks in
the valleys in order to cover as great an area as possible.
Sampling of a calcareous mudstone with finely laminated and bedded
sulphides yielded 33.4 g/t Ag, 0.70 % Pb and 6.50 % Zn. Sampling of
dacitic rocks gave a high of 115.7 g/t Ag, 0.50 % Pb and 6.5 % Zn
within a breccia with strong hydrozincite staining. Numerous
hydrozincite stained boulders are present within a moraine along
the south part of the claims that are derived from the western
portion of the property.
A total of 9 samples collected in the northern
part of the property yielded 0.1 to 2.3 g/t Au, 6.7 to 100 g/t Ag
with 0.02 to 0.65 % Pb and 0.085 to 2.76 % Zn. This is the same
area that sampling in 2003 (ARIS report 27290) yielded 3076 g/t Ag,
013 % Pb, 0.11 % Zn and 0.67 % Cu associated with elevated
arsenic.
Work in 2017 will focus on locating the area of
mineralization, both the VMS source as well as silver with gold
zone. This will include further prospecting, mapping and possible
drilling.
All samples are assayed by Loring laboratories
of Calgary, Alberta. It is an ISO9001 certified laboratory. The
Company employs a system of known standards and blanks inserted
into the sample stream to monitor lab results.
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 updated. 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
“Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSXVenture
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
andconditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those
currentlyanticipated in such statements.”
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