Decade Acquires Antimony Claim
Rhea-AI Summary
Decade Resources (TSXV: DEC) has staked 1,742 hectares covering a major shear structure containing antimony mineral (stibnite) in BC's Golden Triangle area. The property, located 40km NE of Stewart BC, features a quartz-stibnite vein system up to 5 meters wide, traced over 300 meters.
The mineralization includes zones up to 15 meters wide with massive stibnite and arsenopyrite pockets. Historical sampling from 2004 showed 6 out of 8 grab samples exceeded limits for Antimony, with silver values ranging from 12.1 to 65 g/t.
Antimony, designated as a critical mineral by the Canadian government, is important for flame retardants, batteries, and defense applications. The global antimony market is projected to grow at 5.5% CAGR from 2023-2030. China, controlling 70% of global supply, has banned exports to the United States.
Positive
- Property contains significant antimony mineralization with high-grade samples
- Large claim size of 1,742 hectares in strategic Golden Triangle location
- Strong market growth potential with 5.5% CAGR forecast (2023-2030)
- Strategic timing with China's export ban to US creating supply opportunities
Negative
- Historical samples showed precious metals content
- Early-stage project without defined resource estimates
- Requires significant exploration work to determine economic viability
News Market Reaction
On the day this news was published, DECXF gained 12.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stewart, British Columbia--(Newsfile Corp. - February 13, 2025) - Decade Resources Ltd (TSXV: DEC) ("Decade") reports that it staked 1742 ha covering a major shear structure hosting antimony mineral (stibnite) in the Golden Triangle area of BC. The property is located 40km NE of Stewart BC within the Bowser Basin sediments.
The mineralization was discovered by E. Kruchkowski. President of the Company in 2004 while working as a consultant for a junior company. The lack of appreciable precious metals in the shear resulted in the claim being dropped. With the recent interest in antimony properties, the Company acquired the project area to evaluate for Antimony content.
According to the ARIS report on this shear: "A strong quartz-stibnite vein system up to 5 meters wide shear zone has been traced on the ground over a strike length of 300 meters based on aerial view extending beyond the 300 meters that was sampled. The zone consists of individual 2-5 meter wide brecciated zones with quartz filling the voids between clasts. Locally the zone will be entirely quartz filled. Numerous splays to the shear zone extend the overall width of the zone up to 15 meters in several places. In these locations, veins up to 4-5 meters wide, separated by weakly brecciated argillite form the east and west walls to the zones. Locally massive stibnite and arsenopyrite form pockets and stringers of mineralization that is up to 15-20 cm wide within the breccias. Pyrite is common in the brecciated argillite but is not common in the quartz."
Out of 8 grab samples taken in 2004 in the vicinity of the shears,6 analyzed over limits for Antimony and arsenic (all samples of heavily mineralized shear). Silver values ranged from 12.1 to a high of 65 g/t.
Antimony which is considered a critical mineral by the Government of Canada, is a mineral primarily used as a flame retardant and alloying agent in lead-acid batteries, ammunition, and semiconductors. It also has strategic applications in defense and energy storage technologies, making it a high-priority material for many governments. The global antimony market is forecasted to grow at a compound annual growth rate (CAGR) of
China which dominates global antimony production, accounting for over
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 and approves 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. 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 TSX Venture 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 and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240741
FAQ
What is the size and location of Decade Resources' new antimony claim?
What were the historical sampling results from the DECXF antimony property?
How wide is the mineralized zone in Decade's new antimony property?
What is the projected growth rate for the global antimony market?
How does China's antimony export ban affect DECXF's market opportunity?
