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 entered into an option agreement to acquire the North Mitchell Property in British Columbia's Golden Triangle, located 70 km north of Stewart BC. The 963.45-hectare property is strategically positioned among several major Cu-Au deposits with a combined reported gold resource of approximately 201.67 million ounces in the surrounding area.
The property is adjacent to significant deposits including:
- KSM's Iron Cap deposit (36.1M oz Au) within 2 km
- KSM's Snowfield deposit (34.9M oz Au) within 2.9 km
- Tudor Gold's Treaty Creek deposit (27.87M oz Au) within 5 km
- Newmont's Brucejack & Valley of Kings deposits (14.5M+ oz Au) within 6.4 km
Decade can earn a 70% interest in the property through a series of option payments. The agreement includes a 1% NSR royalty, with an option to purchase half of it for $3 million.
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.
Decade Resources (TSXV: DEC) has announced exploration plans for its Nobody Knows claim, part of a 59-claim project covering over 24,000 hectares east of Terrace, B.C. The company reported significant drilling results from 2024, highlighting copper-silver mineralization with intervals exceeding 1% copper, including notable intersections like 11.98m at 1.25% Cu and 10.36 g/t Ag in hole NK-24-03.
A new VMS zone was discovered 3km SW of the Nobody Knows #2 copper-silver red bed, with select grab samples showing high values in gold, silver, copper, lead, and zinc. Notable samples included values up to 79.1 g/t Au, 6,902 g/t Ag, and 27.15% Zn. The company plans to conduct an airborne survey in 2025 to identify EM anomalies in the area.
Decade Resources (TSXV: DEC) has reported results from its 2024 exploration program at the Nobody Knows #2 zone, completing 15 holes totaling 2,639m. The project, comprising 59 contiguous mineral claims covering over 24,000 hectares, is located 10-40 km east of Terrace, B.C.
Key drilling results include an intersection of 2.07m grading 3.18% copper and 43.48 g/t silver in hole NK-24-13. Notable mineralization includes bornite, chalcocite, and malachite, fitting a red bed type copper-silver system model. The drilling program successfully identified multiple mineralized horizons with strong mineralization extending to at least 100m depth.
Significant intervals include 34.23m grading 0.93% Cu and 8.46 g/t Ag in DDH-NK-24-03, and 47.6m of 0.47% Cu and 5.33 g/t Ag in DDH-NK-24-04. The company plans to conduct an airborne survey in 2025 to identify anomalies on strike with the 2023-2024 drilled section.
Decade Resources (TSXV: DEC) has announced a non-brokered private placement of flow-through shares to raise gross proceeds of up to $125,000. The offering consists of 2,500,000 flow-through units at $0.05 per unit. Each unit includes one common share and one transferable purchase warrant, exercisable at $0.08 per share for 24 months.
The offering benefits from the Mineral Exploration Tax Credit (METC), providing a 15% tax credit on mineral exploration expenses, and the new 30% Critical Mineral Exploration Tax Credit (CMETC) for specified minerals. The proceeds will be used for the company's projects in British Columbia's 'Golden Triangle' area.
Decade Resources (TSXV: DEC) has completed its flow-through private placement, raising gross proceeds of $945,000. The company issued 18,900,000 flow-through units at $0.05 per unit. Each unit includes one flow-through common share and one transferable warrant exercisable at $0.08 per share for 24 months.
The proceeds will be used for Canadian exploration expenses and flow-through critical mineral mining expenditures on the company's BC properties. The company paid $64,400 in finder's fees and issued 1,288,000 warrants at $0.08 to finders. All securities have a four-month hold period expiring April 4, 2025.
Decade Resources has announced a non-brokered private placement of flow-through shares to raise up to $910,000. The offering consists of 18,200,000 flow-through units at $0.05 per unit, with each unit including one common share and one transferable purchase warrant exercisable at $0.08 per share for 24 months. The proceeds will be used for the company's projects in British Columbia. The offering benefits from the Mineral Exploration Tax Credit (METC) providing 15% tax credit and the new Critical Mineral Exploration Tax Credit (CMETC) offering 30% for specified minerals.
Decade Resources reports results from the first 3 holes of its 2024 drill program at the Nobody Knows #2 zone. The drilling program, spanning 1000m, revealed significant copper and silver mineralization. Notable intersections include 4.36m of 2.69% copper and 23.7 g/t silver in hole NK-24-03. The mineralization, dominated by bornite, chalcocite, and malachite, occurs in weakly sheared andesitic rocks. The drilling successfully identified multiple mineralized horizons extending to at least 100m depth. The project, comprising 52 contiguous mineral claims over 23,016.7 hectares, is 100% owned by Decade Resources.
Decade Resources (TSXV: DEC) has completed a surface exploration program on its Grassy project in the 'Golden Triangle area' of BC. The property, located 24 km north of Stewart B.C., covers 830.20 hectares in 2 claims owned 100% by Decade. Key findings include:
- 35 grab rock samples taken from adit dumps, historic trenches, and bedrock mineralization
- Values ranged from 0.21 to 5184 g/t Ag, 0.005 to 31.9 g/t Au, 11.8 ppm to 3.92% Cu, 4.7 ppm to 39.89% Pb, and 4 ppm to 26.93% Zn
The company is also compiling results from its Nobody Knows project for future release.
Decade Resources (TSXV: DEC) has completed its 2024 drill program at the Del Norte project in British Columbia's 'Golden Triangle' area. The company has fulfilled its commitment to earn a 55% working interest in the property by incurring over $4 million in exploration expenses. The program focused on testing the K-Zone, drilling 12 holes totaling 2,014.5 m of NQ sized core.
The Del Norte project covers an 8 km-long mineralized belt with multiple gold showings. Previous trenching in the K-Zone yielded significant gold and silver values. The 2024 drilling encountered the K-Zone in all but one hole, marked by faulted and brecciated sediment, sheared and silicified dacite ash tuffs, and dacitic dykes with various forms of quartz and mineralization.
Samples have been sent for analysis, and the company is pleased with the verification of the K-zone persisting to depth. Decade Resources now has the right to earn an additional 20% interest by placing the property into production.