Decade Resources Ltd. (DEC:TSX.V; DEXCF:OTCMKTS) announced the commencement of Phase 1 drilling at its Bonaparte copper-gold property on August 11, 2026. The property is located approximately 50 kilometers (km) north of Kamloops, British Columbia, within the Kamloops mining division, and consists of four mineral claims totaling 4,149.63 hectares.
According to the press release, the Bonaparte property hosts several target styles, including:
- Copper-gold-molybdenum porphyry potential at depth beneath the IP anomalies;
- A bulk-tonnage reduced intrusion-related gold system (RIRGS) target supported by high-grade gold results in historic drilling, trenching and underground exploration;
- A high-grade gold-copper low-sulphidation epithermal vein system.
DDH 1 is the first hole of the program and is collared to test directly beneath the Discovery zone for porphyry copper-gold potential at depth. This zone is located within the northwestern corner of the claims and hosts of series of parallel and subparallel gold-bearing quartz veins within a mylonitic shear zone that is 250-300 meters (m) wide. These veins have historically suggested multi-ounce gold assays via drilling, trenching, and underground workings, leading geologists with the British Columbia Geological Survey to previously speculate that the Bonaparte deposit may represent the upper level of a buried porphyry system.
The press release stated: "DDH 1 is designed to test this interpretation, targeting the strong chargeability (induced polarization) anomaly interpreted to begin at approximately 300 m depth and to extend beyond 500 m, as outlined in a historic National Instrument 43-101 technical report that was done for previous operators. The company has not confirmed these results by believes that they can be relied on. The phase I program contemplates six holes totaling a minimum of 3,000 m of NQ-sized core, using a drill capable of reaching depths of at least 500 m."
Ed Kruchkowski, president of Decade, commented: "The start of drilling at Bonaparte marks a major milestone for the company and the culmination of the compilation, sampling and exploration work completed over the past year. DDH 1 is the first hole designed to test directly beneath the high-grade gold veins of the Discovery zone for the porphyry source that geologists of the British Columbia Geological Survey speculated may lie at depth. The vertical extent of the vein system, the alteration observed at surface and the strong chargeability anomaly beginning at approximately 300 m depth all point to a possible intrusive source below the historic workings. Testing this target with the drill is the logical next step for the property, and one that historic operators never carried out. The company looks forward to reporting results as the program advances, along with the pending soil geochemistry results from the July survey, over the southern part of the anomaly."
A Canadian company, Decade Resources Ltd., is dedicated to exploring mineralization in the Golden Triangle area of British Columbia and owns multiple projects in various stages of development.
Precious Metals Sector on Overall Incline
Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, prices are still up 31% compared to August 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts — a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold's momentum and lift it back towards US$4,500/oz or above."
On August 11, 2026, Trading Economics reported that gold prices were trading around US$4,385 per ounce. The article said: "Gold slipped below US$4,400 an ounce on Tuesday, giving up earlier gains as investors took profits following a strong rally and weighed the potential impact of surging oil prices on inflation and the interest rate outlook." These potentially higher oil rates come from the ongoing war between the U.S. and Iran. The article continued: "Uncertainty remained over a potential U.S.-Iran agreement to end the war and reopen the Strait of Hormuz. Investors also awaited key U.S. inflation data this week for fresh indications on the Federal Reserve's policy outlook."
Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense needs America is experiencing. A report from Businessworld claimed that "global copper demand is gradually shifting towards strategic and less price-sensitive sectors such as AI infrastructure, defense, power grids, and clean energy systems. By 2040, these categories are expected to account for nearly 45% of total copper demand, up from 32% in 2024."
Last year, the looming potential of President Donald Trump's tariffs surged copper prices in the U.S. as American investors stockpiled the metal. This hype created an overstocking of copper, widening the gap between futures and physical worth. "Collectively, inventories at the world's main exchanges have risen by more than 500,000 tons since the start of the year," stated a March 6 article by Bloomberg News. Trump's July 30, 2025, proclamation imposed a 50% Section 232 tariff on the copper input value of semi-finished copper and copper-intensive derivative products, effective August 1, 2025. Effective April 6, 2026, a 50% tariff was applied to the full value of semi-finished copper products, which collapsed the COMEX premium. This proclamation contemplated a phased universal duty on refined copper, which will start at 15% on January 1, 2027, and will rise to 30% in 2028.
The metals sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.
Thomson Calls Out "Bullish" Sign
1On April 24, 2026, technical analyst Stewart Thomson gave Decade a "Strong Speculative Buy" rating. Thomson's short-term price target is CA$0.14, his medium-term target is CA$0.25, and his long-term target is CA$0.60.
Thomson wrote, "Trading volume has increased since the summer of 2025 . . . A pullback to the trendline has occurred, marking a potential entry point for speculators. Volume is more consistent than in the past, also a bullish sign."
Soil Sampling Survey Results Pending
In late July, a contract sampling crew completed a soil sampling survey over the southern portion of the indicated IP anomaly, collecting over 750 soil samples and 30 rock samples. Assays remain pending and will be released as they become available.
Ownership & Share Information2
Decade Resources Ltd. has a market cap of CA$17.15 million, with 245.99 million shares outstanding. The company's 52-week range is CA$0.02-CA$0.15. Institutions own 3.79% of shares, while Management & Insiders own 11.34%.
Streetwise Ownership Overview*
Decade Resources Ltd. (DEC:TSX.V;DEXCF:OTCMKTS)
| Strike Price | Number | Expiry Date |
|---|---|---|
| $0.08 | 9,500,000 | 09/10/26 |
| $0.08 | 20,188,000 | 12/03/26 |
| $0.05 | 6,934,286 | 06/12/27 |
| $0.05 | 680,000 | 09/16/27 |
| $0.05 | 21,182,001 | 10/07/27 |
| $0.06 | 25,948,571 | 10/20/27 |
| $0.05 | 5,000,000 | 11/20/27 |
| $0.05 | 4,000,000 | 08/12/28 |
| $0.06 | 31,754,286 | 09/30/29 |
| $0.05 | 8,500,000 | 09/16/30 |
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 08/05/22 | DECXD: OTCMKTS | 1 | DEXCF:OTCMKTS | 1 |
| 07/12/22 | DECXF:OTCMKTS | 5 | DECXD:OTCMKTS | 1 |
| 07/12/22 | DEC:TSXV | 5 | DEC:TSXV | 1 |
| 10/23/13 | DEC:TSXV | 5 | DEC:TSXV | 1 |
Frequently Asked Questions
Q: What is a porphyry copper-gold deposit?
A: A porphyry deposit is a large, low-grade mineral system that can contain copper, gold, molybdenum, and other metals spread throughout a large rock body. Many of the world's biggest copper mines are porphyry deposits because they can support long-life mining operations.
Q: What is a chargeability anomaly?
A: A chargeability anomaly is a geophysical feature detected during induced polarization (IP) surveys. It can indicate rocks containing sulphide minerals, which are often associated with copper, gold, and other metal deposits. Exploration companies use these anomalies to help identify drill targets.
Q: What is a chargeability anomaly?
A: A chargeability anomaly is an area identified during an induced polarization (IP) survey where rocks temporarily hold an electrical charge longer than the surrounding material. These anomalies can indicate the presence of sulphide minerals associated with copper, gold, silver, and other metals, making them important targets for exploration drilling.
Q: Why is copper demand expected to grow?
A: Copper demand is expected to increase because the metal is essential for electricity transmission, electric vehicles, renewable energy systems, data centers, and grid infrastructure. Many industry forecasts project rising long-term demand as countries invest in electrification, artificial intelligence infrastructure, and clean energy technologies.
Q: How do geologists identify drilling targets?
A: Geologists identify drilling targets by combining information from geological mapping, rock and soil sampling, geophysical surveys, geochemical data, and historical exploration. When multiple datasets point to the same area, companies may prioritize it for drilling to determine whether economically significant mineralization is present.
Important Disclosures:
- Decade Resources Ltd. is a billboard sponsor of Streetwise Reports. The company pays a monthly sponsorship fee of US$3,000–US$6,000 for banner advertising and an enhanced company profile page. Streetwise Reports’ editorial content is fully independent and is not influenced by sponsorship.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Decade Resources Ltd.
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Disclosure for the quote from the Stewart Thomson article published on April 24, 2026
1. For the quoted article (published on April 24, 2026), Decade Resources Ltd has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
