Original News Release
Decade Resources begins phase I drilling at Bonaparte
Mr. Ed Kruchkowski reports
DECADE COMMENCES PHASE I DRILLING AT THE BONAPARTE COPPER-GOLD PROPERTY
Phase I diamond drilling has commenced at Decade Resources Ltd.'s Bonaparte copper-gold property, located approximately 50 kilometres north of Kamloops, B.C., within the Kamloops mining division. The property consists of four mineral tenures (claims) totalling 4,149.63 hectares.
The first hole of the program, DDH 1, is collared to test directly beneath the Discovery zone for porphyry copper-gold potential at depth. The Discovery zone, located in the northwestern corner of the claims, hosts a series of parallel and subparallel gold-bearing quartz veins within a mylonitic shear zone approximately 250 to 300 metres wide, where multiounce gold assays have been intersected in historic drilling, trenching and underground workings. Geologists with the British Columbia Geological Survey have previously speculated that the Bonaparte deposit may represent the upper level of a buried porphyry system (Logan and Mihalynuk, 2013). DDH 1 is designed to test this interpretation, targeting the strong chargeability (induced polarization) anomaly interpreted to begin at approximately 300 m depth and to extend beyond 500 m, as outlined in a historic National Instrument 43-101 technical report that was done for previous operators. The company has not confirmed these results by believes that they can be relied on. The phase I program contemplates six holes totalling a minimum of 3,000 m of NQ-sized core, using a drill capable of reaching depths of at least 500 m.
The Bonaparte property hosts several target styles, including:
Copper-gold-molybdenum porphyry potential at depth beneath the IP anomalies;
A bulk-tonnage reduced intrusion-related gold system (RIRGS) target supported by high-grade gold results in historic drilling, trenching and underground exploration;
A high-grade gold-copper low-sulphidation epithermal vein system.
Ed Kruchkowski, president of Decade Resources, stated: "The start of drilling at Bonaparte marks a major milestone for the company and the culmination of the compilation, sampling and exploration work completed over the past year. DDH 1 is the first hole designed to test directly beneath the high-grade gold veins of the Discovery zone for the porphyry source that geologists of the British Columbia Geological Survey speculated may lie at depth. The vertical extent of the vein system, the alteration observed at surface and the strong chargeability anomaly beginning at approximately 300 m depth all point to a possible intrusive source below the historic workings. Testing this target with the drill is the logical next step for the property, and one that historic operators never carried out. The company looks forward to reporting results as the program advances, along with the pending soil geochemistry results from the July survey, over the southern part of the anomaly."
Surface program update
In late July, a contract sampling crew completed a soil sampling survey over the southern portion of the indicated IP anomaly, collecting over 750 soil samples and 30 rock samples. All samples have been submitted to MSALABS in Langley, B.C. Results remain pending and will be released once received, compiled and reviewed.
Historical work
Historic work on the property includes a 1994 bulk sample of 3,700 metric tonnes of mineralized vein material from the Nutcracker, Owl, Grey Jay and Crow vein systems, taken from surface trenching to a vertical depth of 12.2 m, which averaged 25.4 grams per tonne gold and produced 3,160 ounces of gold. A separate bulk sample of 364 tons from the Crow vein averaged 16.3 g/t Au, yielding 161.95 ounces. Readers are cautioned that these results are historical in nature. A qualified person has not done sufficient work to verify the historical sampling results, and the company is not treating the historical results as current. They are referenced solely as an indication of the exploration potential of the property.
Qualified person
Ed Kruchkowski, PGeo, president of Decade Resources, is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release.
About Decade Resources Ltd.
Decade Resources 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 grassroots to advanced. Its properties and projects are mostly located in the Golden Triangle area of Northern British Columbia.
We seek Safe Harbor.
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