Decade Plans Drill Program on the Bonaparte Property in Kamloops Mining Division
Decade Resources shifts focus to Kamloops porphyry targets as heavy warrant overhang threatens to stall recent price momentum.
The most recent news release (February 10, 2026) announces a planned 3,000-meter drill program at the Bonaparte copper-gold property in the Kamloops Mining Division, British Columbia. The program consists of five holes, each 500 meters deep, targeting Induced Polarization (IP) anomalies and epithermal vein systems. Management suggests the property may host an intact epithermal-porphyry system, comparing it to notable deposits like Sleeper and Midas in Nevada. This news follows a Feb 3, 2026, announcement of an asset sale where Decade sold its Grassy and Premier East projects to Showcase Minerals Inc. for a 19% equity stake.
The February 10 news is categorized as Routine - Positive. While the commencement of drilling is a necessary step for an exploration company, this release focuses on plans rather than results. - In-line with expectations: The move to drill Bonaparte follows its acquisition in October 2025. It demonstrates management's intent to diversify away from its primary Golden Triangle/Terrace clusters. - Materiality: This news is less material than the high-grade gold results reported at North Mitchell (116.9 g/t Au) in December 2025 or the recent asset monetization. The market has already rerated the stock from $0.04 to $0.12 over the last quarter; this announcement serves to maintain interest rather than provide a new catalyst. - Operational Shift: The focus on deeper 500m holes indicates a more expensive and technically challenging program than previous shallow drilling at the Nobody Knows property.
Decade Resources is a BC-based explorer focused on the "Golden Triangle" and the Terrace area. - Flagship Project: While the company holds many assets, the Nobody Knows (Copper-Silver) and North Mitchell (Gold-Silver) properties are the current drivers of market interest. - Nobody Knows: A red-bed copper-silver system where 2024 drilling intersected 2.07m of 3.18% Cu. - North Mitchell: Located near world-class deposits (KSM, Brucejack), recently yielding grab samples up to 116.9 g/t gold.