Decade Hits Porphyry Copper Target in First Deep Hole

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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.

Key Takeaways

• Decade hit copper mineralization in the first deep drill hole at its Bonaparte project in British Columbia.
• The 621.6-meter hole found chalcopyrite, molybdenite and porphyry-style alteration at depth.
• The results support the idea of a larger buried copper system beneath the project's Discovery zone.
• Copper demand is expected to grow as AI data centers, defense and power infrastructure require more of the metal.
• More results are coming, including drill assays and results from more than 750 soil samples and 30 rock samples.

Decade Intersects Porphyry-Style Copper at Bonaparte

On August 31, 2026, Decade Resources Ltd. (DEC:TSX.V; DEXCF:OTCMKTS) reported that the first hole of its Phase 1 drill program at the Bonaparte copper-gold property in British Columbia had intersected porphyry-style copper mineralization at depth. The 621.6-meter (m) hole, DDH 1, was drilled to test a large chargeability anomaly associated with the Discovery zone. The property is located approximately 50 kilometers (km) north of Kamloops in the Kamloops mining division, near several major British Columbia, Canada, porphyry copper deposits, including Highland Valley and New Afton.

According to the company, DDH 1 intersected chalcopyrite with occasional molybdenite beneath the chargeability anomaly. The hole also encountered a sequence of alteration zones considered characteristic of a porphyry system, progressing from propylitic alteration into potassic alteration and then into an altered, mineralized feldspar porphyry.

The hole intersected diorite and feldspar porphyry from surface to 252.1 m, followed by propylitic-altered rocks to 452 meters. Potassic alteration extended from approximately 421 to 557 m, while mineralized feldspar porphyry was encountered from 557 m to the bottom of the hole. The release stated that mineralization remains open to depth.

These results support a buried porphyry model for Bonaparte that was previously proposed by British Columbia Geological Survey geologists. The model suggested that historic gold-bearing veins at the Discovery zone could represent an upper level of a larger porphyry system at depth.

Ed Kruchkowski, Decade's president, said in the release: "This is exactly the hole you hope to drill when testing a porphyry concept for the first time. DDH 1 passed through a propylitic halo into potassic alteration and is now cutting porphyry-style mineralization with chalcopyrite and occasional molybdenite. That is the classic zonation pattern that vectors toward the heart of a porphyry system, and we intersected it in the very first deep hole ever drilled on this property. The Discovery zone veins told us something bigger might be sitting underneath; the Geological Survey said the same thing, and the drill is now bearing that out. In my years of exploration in British Columbia, few first holes have delivered this kind of geological confirmation. Core is being logged and sampled as drilling advances, and we look forward to putting numbers to what we are seeing as assays are returned."

DDH 1 was the first drill hole in the property's history to test this concept. However, the company cautioned that visual observations of chalcopyrite, molybdenite, and alteration are preliminary and do not establish copper or molybdenum grades.

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.

US Tariffs Reshape the Copper Market

Demand for copper is expected to rise due to continued use in electronics, especially with the widespread construction of new data centers and defense applications in the U.S. 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 prospect of President Donald Trump's tariffs helped drive copper prices higher in the U.S. as American buyers stockpiled the metal. This contributed to elevated inventories and a widening premium between U.S. futures and physical copper markets. "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 value of the copper content of covered semi-finished copper and copper-intensive derivative products, effective August 1, 2025. Effective April 6, 2026, the U.S. expanded its Section 232 tariff regime so that applicable duties on covered copper products were generally calculated on the full customs value rather than solely on the copper content. The change contributed to a sharp narrowing of the COMEX copper premium. The 2025 proclamation also called for consideration of a phased universal tariff on refined copper of 15% starting in 2027 and 30% starting in 2028.

The metals sector as a whole is also showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has projected that its metals and minerals price index will rise 17% in 2026.

Analysts Highlight Decade’s Exploration Potential

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."

Most recently, on September 1, 2026, Bob Moriarty of 321gold.com weighed in on the company, writing: "From a strictly technical point of view, the hole was a 100% success based on the visuals. Company President and Director Ed Kruchkowski has done nothing more than follow up on drilling a buried porphyry first proposed by the geologists from the British Columbia Geological Survey as far back as 2013. This first hole has hit the core of the target, as shown by the presence of moly. We shall see what the assays say about copper and gold, but visually they should be there." Moriarty then said, "The shares are up 65% in the first day, and it is still absurdly cheap."

Additional Bonaparte Exploration 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$40.59 million, with 245.99 million shares outstanding. The company's 52-week range is CA$0.03-CA$0.17. Institutions own 3.79% of shares, while Management & Insiders own 11.34%. The remaining 84.87% of shares are Retail.

Frequently Asked Questions

Q: What did Decade Resources discover at the Bonaparte project?
A: Decade Resources intersected porphyry-style copper mineralization in the first deep drill hole at its Bonaparte copper-gold property in British Columbia. The hole encountered chalcopyrite, occasional molybdenite, and alteration associated with porphyry systems.

Q: What is a porphyry copper deposit?
A: A porphyry copper deposit is a large mineral system in which copper and other metals are spread through or around an intrusive rock body. These deposits are important sources of copper worldwide.

Q: What did Decade’s first drill hole at Bonaparte intersect?
A: The 621.6-meter DDH 1 hole intersected propylitic and potassic alteration before reaching mineralized feldspar porphyry from approximately 557 meters to the bottom of the hole. Mineralization remained open to depth.

Q: What are chalcopyrite and molybdenite?
A: Chalcopyrite is a copper-iron sulfide mineral and one of the most important copper ores. Molybdenite is a molybdenum-bearing mineral commonly associated with porphyry copper systems.

Q: Do the Bonaparte drill results confirm a copper deposit?
A: Not yet. The visual observations from DDH 1 support the geological model for a buried porphyry system, but assays are needed to determine copper, gold, and molybdenum grades and the potential significance of the mineralization.

Q: Where is the Bonaparte copper-gold project located?
A: The Bonaparte project is located approximately 50 kilometers north of Kamloops in British Columbia's Kamloops mining division. It is near major porphyry copper deposits, including Highland Valley and New Afton.

Q: Why is copper demand expected to increase?
A: Copper is widely used in electrical and industrial applications, and demand is expected to grow as investment in AI data centers, defense infrastructure, power grids, and clean-energy systems increases.

Q: What are the next catalysts for Decade Resources at Bonaparte?
A: One key catalyst is the release of assays from the Phase 1 drilling program. Decade is also awaiting results from more than 750 soil samples and 30 rock samples collected over the southern portion of the property's IP anomaly.

Q: What is an IP or chargeability anomaly in mineral exploration?
A: Induced polarization (IP) is a geophysical method used to identify subsurface areas with electrical properties that can be associated with mineralization. A chargeability anomaly can help explorers identify areas for follow-up drilling.