Lab Report | July 28 Deep Dive on Decade Resources

CEO.CA Jul 28, 2026 15:14

Summary

Decade Resources received a drill permit for its Bonaparte property near Kamloops; holes start after pads are built and wildfire conditions allow.

The target is a preserved porphyry-epithermal system across 4,149 hectares, pairing a buried copper-gold porphyry with high-grade gold-copper veins.

Historic bulk samples, not a resource estimate: the 2010 open-cut average was 25.4 g/t gold, yielding 3,160 ounces.

A prior operator's 10,000-tonne extraction permit implies 0.37 oz/t (9.86 g/t) across a 20-metre zone, a documented 43-101 result.

At a $17.22 million valuation the stock is flat and basing, with the host placing Decade early on his Lassonde Curve.

Top takeaway Not a speaker in this episode: the host cites him second-hand while praising Decade's president Ed Krakowski - "he's a very talented geologist with a very exceptional reputation in the business. Amongst some of the best people like Ross Beatty, has nice things to say about him." That is the host's claim about what Beatty has said, not a statement Beatty makes here.

Top takeaway Top point - his stance: he has done "significant amount of homework on this project" but places Decade at the very early end of his framework, "I would put decade way back" and "even before they've hit the sweet spot that I look at", and says he is "awaiting their drill results".
His near-term call: he reads the flat share price as a "significant multi-month basing period" created by the drill permit, the archaeological study and the drilling getting underway, and expects that on "good results, I think we could see a significant breakout".
On the drill start: he expects "about 10 days they expect to have the drill rig on the property", subject to the drill pads and the local forest-fire conditions he flags as a Kamloops seasonal risk.
His geological read: the property appears to hold "the entire preserved system of a porphyry epithermal system", with one heat engine able to drive both the reduced intrusion related gold targets and the epithermal veins; he cites "Hishikari Sleeper" as a world example of a gold-rich epithermal vein, the kind of system he says he wants them hunting for.
He adds a standing segment to his deep dives: a white paper he calls the "Lassonde Curve 2.0", used to place companies in his "sweet spots" - "companies either getting ready to go up the left side of the Lassonde Curve or bringing a project into production" - which he frames as "my homage to Pierre Lassonde" and as a record of his 30 some years in mining.