Welcome to our dedicated page for Decade Resources news (Ticker: DECXF), a resource for investors and traders seeking the latest updates and insights on Decade Resources stock.
Decade Resources Ltd. reports exploration developments for mineral properties in British Columbia, with news centered on gold, copper, silver and base-metal targets. Recurring updates include assay results from grab sampling and geochemical work, drilling plans, permit-related exploration timing, mineral-claim additions and property-interest activity.
Company news has focused on the Bonaparte copper-gold property in the Kamloops Mining Division, the Copper River properties including the Nobody Knows area near Terrace, the Del Norte property in the Golden Triangle, and the North Mitchell property in northwestern British Columbia. Releases commonly describe geological settings, mineralized zones, historical work and follow-up exploration programs.
Decade Resources (TSXV: DEC) has announced a non-brokered private placement to raise $255,000 through the issuance of 8.5 million units at $0.03 per unit. Each unit comprises one common share and one share purchase warrant, exercisable at $0.05 per share for five years.
The proceeds will primarily support general working capital, with potential allocation of over 10% towards exploration of BC Properties. The company may pay 8% finders' fees in cash and warrants for certain investors. The private placement is subject to TSX-V approval and a four-month statutory hold period.
Decade Resources (TSXV: DEC) (OTC: DECXF) has announced a non-brokered private placement to raise up to $1,000,000 through flow-through shares. The offering consists of up to 33,333,333 flow-through units at $0.03 per unit. Each unit includes one common share and one transferable warrant exercisable at $0.05 per share for 24 months.
The flow-through shares qualify for the 15% Mineral Exploration Tax Credit (METC) and may be eligible for the new 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. Proceeds will be used for the company's projects in British Columbia's "Golden Triangle" area.
Decade Resources (TSXV: DEC) has initiated exploration on the North Mitchell Property, a 963.45-hectare property located 70 km north of Stewart, British Columbia. The property is strategically positioned within the "Golden Triangle," surrounded by significant Cu-Au deposits containing an estimated 201.67 million combined ounces of gold in neighboring properties.
The company can earn a 70% interest in the property through a series of share payments totaling 14,688,565 shares over four years. The agreement includes a 1% NSR royalty, with an option to purchase half for $3 million. Initial exploration will focus on talus fines sampling, mapping, and geochemical sampling.
Decade Resources (TSXV: DEC) has successfully closed a flow-through private placement, raising gross proceeds of $120,000. The company issued 4,000,000 flow-through units at $0.03 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.05 per share for 36 months.
The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's British Columbia properties in the "Golden Triangle" area. All issued securities are subject to a four-month statutory hold period expiring December 13, 2025.
Decade Resources (TSXV: DEC) has entered into a definitive purchase agreement with Mabel Ventures (CSE: MBL) to sell significant property interests in British Columbia's Skeena Mining Division. The transaction includes the sale of a 65% interest in the Red Cliff Property and a 100% interest in the Premier East Property.
Under the agreement terms, Mabel will pay $600,000 in cash and reimburse Decade for previously advanced reclamation bond funds. The deal's completion is contingent on regulatory approvals and Mabel completing a minimum $1,000,000 financing. This strategic sale provides Decade with non-dilutive funding to advance other exploration assets in its portfolio within British Columbia's "Golden Triangle" region.
Decade Resources (TSXV: DEC) has provided an update on its exploration activities at the Nobody Knows claim. The company discovered high-grade gold-silver-base metal mineralization approximately 3 km SW from the Nobody Knows #2 copper-silver red bed. The mineralization was found in float boulders along a 200m section of a logging trail.
The samples contain arsenopyrite, sphalerite, pyrite, chalcopyrite, galena and visible gold, with elevated bismuth and cobalt values. Additionally, Decade plans exploration work for late August at its North Mitchell, Grassy, Premier East, and SB antimony projects.
Decade Resources (TSXV: DEC) has received TSX-V approval to acquire the North Mitchell Property in British Columbia's Golden Triangle. The 963.45-hectare property is strategically located among major Cu-Au deposits with combined reported resources of 201.67 million gold equivalent ounces in the surrounding area.
Additionally, the company reported high-grade gold-silver-base metal discoveries at its Nobody Knows Project near Terrace. Recent select grab samples showed significant results, with gold values ranging from 0.185 to 79.12 g/t, silver from 3.35 to 927 g/t, and zinc up to 27.15%. The company plans aggressive exploration of both properties in the 2025 field season.
The North Mitchell Property is situated near the Texas Creek Plutonic suite, associated with significant gold mineralization in the region. Recent ice ablation has exposed altered rocks similar to those hosting nearby mineralization, presenting new exploration opportunities.
Decade Resources (TSXV: DEC) has reported assay results from late 2024 sampling at the Nobody Knows claim, part of their Copper River project in British Columbia. The company discovered a high-grade gold-silver-base metal zone approximately 3 km SW from the Nobody Knows #2 copper-silver red bed.
Key findings from 16 select grab samples include:
- Sample values reaching up to 79.12 g/t Au, 927 g/t Ag, 2.32% Cu, 7.93% Pb, and 27.15% Zn
- Average values (excluding wall rock sample) of 32.38 g/t Au, 245.9 g/t Ag, 1.0% Cu, 1.09% Pb, and 6.23% Zn
- Samples collected across a 200m section of road
The company plans to focus 2025 exploration on this area and is considering applying for a 10,000-tonne test based on the high metal content. Mineralogical analysis indicates mesothermal alteration-mineralization with 85-90% sulphides including arsenopyrite, pyrite, and sphalerite.