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Bow Property

 

Overview

The property consists of 2 claims totaling 471 hectares located 50 kilometres north of Stewart in the Skeena Mining Division. It is contiguous with the Scottie Gold mine Crown Granted claims that host the former Scottie Gold mine. This mine which operated from 1981 to 1985 milled vein material averaging 16.20 g/t gold, producing 2,967,748 grams of gold (95,426 ounces gold) from 183,147 tonnes of mineralization. Decade can acquire an 80 % interest by paying $280,000 to a private company by October 11, 2014.

The property is located along volcanic rocks on the boundary with the Summit Lake stock, part of the Texas Creek Plutonic suite in the Stewart Area. This suite of rocks is related to alteration and mineralization at the former producing Premier mine 20 km south of the property and the KSM copper-gold porphyries and Brucejack Lake gold deposits 20 kilometres north of the property. Jurassic age intrusions (193-195 Ma Premier Porphyries near Stewart; Mitchell intrusions at Kerr-Sulphurets-Mitchell deposits and Brucejack Lake) are related to these mineralizing events in the Stewart area and Sulphurets-Mitchell valleys.

The Bow property adjoins the southeast portion of the Pretium Resource Ltd property which hosts the Brucejack Lake gold deposits located 20 kilometres north of the property. There are 2 main deposits, namely the VOK deposit which contains 1.2 million ounces of gold in the measured mineral resource category (two million tonnes grading 19.3 g/t gold), 7.5 million ounces of gold in the indicated mineral resource category (13.4 million tonnes grading 17.4 g/t gold) and 4.9 million ounces of gold in the inferred mineral resource category (5.9 million tonnes grading 25.6 g/t gold). The West zone has reported resources of 4.9 million tonnes at a grade of 5.85 g/t Au in the measured and indicated category and 4 million tonnes in the inferred category at 6.44 g/t.
It is also 10 kilometres north of the Premier mine property presently being developed by Ascot Resources and the Silver Coin property. The Premier mine produced 2,192,612 oz Au and 40,877,602 oz Ag from 3,289,578 tons in the period 1918 - 1967. From 1989 - 1996, the Premier mine produced 258,372 oz Au and 3,556,425 oz Ag from 3,039,680 tons (average grade 0.085 oz/t Au and 1.67 oz/t Ag). A high grade resource is presently being developed in the area of the old mine workings and a large low grade resource is reported north of the old mine. The low grade resources reported on Sedar includes 2,204,000 oz Au in the indicated category from material averaging 0.85 g/T and 443,000 oz Au in the inferred category from material averaging 0.74 g/T
On the Silver Coin property owned by Jayden Resources and Mountain Boy Minerals, a NI 43-101 compliant mineral resource was reported on Sedar. At the 0.3 g/t cut-off grade the estimated measured and indicated resource is 24.13 million tons grading 1.08 g/t gold for a total of 842,416 ounces of gold, 4.45 million ounces of silver and 91.17 million pounds of zinc. The estimated inferred resources comprise an additional 813,273 ounces of gold, 6.69 million ounces of silver, and 128 million lbs of zinc. This resource includes none of the drillhole assays from the large 2011 drilling program

Previous work has indicated in excess of 13 different gold bearing veins in the Bow claim-Scottie Gold mine area. Prior exploration had outlined 3 zones on the Bow property; namely the Bend, Blueberry and Road (now called the Oro Grande) veins; These are banded quartz-carbonate veins mineralized with gold-bearing pyrrhotite, pyrite, chalcopyrite, galena and sphalerite occurring as en echelon fracture fillings in an east-west direction. Veins can be up to 5 metres in width but generally average 2-3 metres. The Bend vein has been drill tested along 100 metres of strike length and 50 metres of depth. A historical inferred resource was outlined in the drilled portion that included 18,200 tonnes @ 10.97 g/t gold. This resource is historical and has not been confirmed through drilling and sampling by the company. These numbers are for reference purposes only and should not be relied upon. Examination of historical longitudinal sections indicates that mineralization is open along strike and to depth from the above drilling on the Bend vein.

Decade reports that during the 2013 field season, an extensive program of mapping, sampling, prospecting, trenching and diamond drilling was completed on the Bow property.

Highlights of the surface sampling program include:
  • Discovery of a large silicified and pyritic area approximately 200 m east of the Bend vein that could possibly host large low grade gold mineralization.
    Discovery of a new veins some of which are up to 2 m wide along 230 m of strike that host arsenopyrite, pyrrhotite, pyrite and chalcopyrite.
    Identification of a new strike direction of mineralization. Previous exploration had indicated that mineralization was in an east-west direction. Work in 2013 indicated the presence of mineralization in north-south structures.
    Identification of a strong correlation between molybdenite and visible gold mineralization. In areas of strong molybdenite, coarse flakes of gold occur along the cleavage planes.
    A number of molybdenum in soil geochemical anomalies from past surveys remain to be evaluated for gold content. These are located over areas of deep overburden.
    Presence of visible gold in many of the grab samples collected during the program.
In 2013, three main areas were explored; namely the Bend vein and possible east extension, the Oro Grande-Blueberry vein area and the area near the south end of the Bow claim. Work defined 3 new veins .

In 2014, drilling tested the Big M and sixties zones. Highlights of the drilling include the following results:

Drill Hole # Zone Azimuth (degrees) Dip (degrees) From (m) To (m) Width (m) Au g/t
DDH-14-Bow-1 Sixties 320 - 45 44.60 94.21 49.6 15.25
including       58.91 72.10 13.20 56.70
DDH-14-Bow-2 Sixties 270 - 45 31.55 44.21 12.66 39.43
including       37.96 44.21 6.25 69.65
DDH-14-Bow-3 Big M 270 - 50 35.67 48.78 13.11 27.54
DDH-14-Bow-4 Big M 340 - 50 54.27 96.04 41.77 3.0
including       54.27 63.11 8.84 11.22
including       92.99 96.04 3.05 4.54
DDH-14-Bow-5 Sixties 90 - 45 21.96 36.59 14.63 12.98
  Big M     63.11 73.17 6.1 22.2
DDH-14-Bow-6 Sixties 90 - 50 24.56 36.72 12.16 21.31
including       25.02 26.54 1.52 149.32
  Big M     69.5 75.76 6.26 17.18

In 2016, 10 holes were drilled to confirm and expand the area of the reported Bend vein mineralization.

Highlights of the drilling are shown in the table below:

DDH # From (m) To (m) Width (m) Au (g/t) Ag (g/t) Co %
2016-BOW-1 19.05 22.26 3.21 10.03 24.27 0.124
2016-BOW-2 18.45 20.64 2.19 14.27 72.57 0.14
2016-BOW-3 15.24 19.82 4.58 12.53 51.35 0.19
2016-BOW-4 14.79 20.88 6.09 17.17 47.27 0.165
2016-BOW-5 15.24 21.04 5.80 21.18 48.81 0.227
2016-BOW-6 18.14 20.73 2.59 13.43 43.88 0.219
2016-BOW-7 14.48 20.88 6.4 5.75 23.35 0.10