Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.

February 05, 2010 12:44 ET

Decade Increases Property Holdings on the Stikine Arch

STEWART, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2010) - Decade Resources Ltd. ("Decade" or the "Company") (TSX VENTURE:DEC) reports the acquisition of 3 mineral claims in the Surprise Creek valley approximately 34 kilometres northeast of Stewart and 5 kilometres north of the Stewart highway (Hwy. 37A). Held by the current owner for over 10 years, the claims are located over the former Goat Mine, a small gold and silver producer in the 1970's. The property is underlain by narrow polymetallic gold and silver veins and the Stikine Arch, the same stratigraphic horizon that hosts the BA VMS silver-lead-zinc mineralization approximately 8 kilometres to the south. To the north, this same horizon hosted the VMS deposit at Eskay Creek which produced more than 100 tonnes of gold and 5000 tonnes of silver, in addition to significant base metal production, from start-up in 1995 until closure in 2008.

According to the BC government Minfile report on the property, reported reserves in 1979 were 8800 tonnes grading 4782.9 grams per tonne silver and 10.6 grams per tonne gold. This estimate is historical, not compliant with National Instrument 43-101 and is used for reference purposes only. Recorded production during 1975 and 1979 through 1981 was 1,794,049 grams of silver, 5,475 grams of gold, 52,641 kilograms of zinc, 4,071 kilograms of lead and 153 kilograms of copper. Production was from narrow high grade veins hosted by a wide shear zone. BC Assessment Report #22040 documents a sample taken from the millsite in 1991 that assayed 19.15 grams per tonne gold, 98.3 grams per tonne silver, 0.098 per cent copper, 0.95 per cent lead and 6.76 per cent zinc.

Subject to TSX Venture Exchange approval, Decade will pay $55,000.00 and issue 250,000 shares for a 100% interest in the property.

According to the above assessment report, rocks observed in the area are almost exclusively volcanics, of felsic to intermediate composition. Gossanous areas noted in the property area have never been evaluated. In addition, the source of float samples with values up to 7133 ppm Pb. and up to 5185 ppm Zn has never been located.

Ed. Kruchkowski, P. Geo., a qualified person under National Instrument 43-101, has reviewed this release.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking opportunities in the resource business. In addition to holding a 60% interest in the Red Cliff property, the Company has an option to earn a 100% interest in the Silver Crown 6 claim, adjoining the Red Cliff property to the north. The Company also has a 100% interest in a large property underlain by Kuroko type copper-gold mineralization in the Kitimat area of British Columbia.

ON BEHALF OF THE BOARD

Ed Kruchkowski, President

"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."

"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."

Contact Information

  • Decade Resources Ltd.
    Andrew Bowering
    604-681-0710