Decade Resources Reports First Assays from the North Mitchell Property Indicate High Gold and Silver

On October 14, 2025, Decade Resources announced the first assay results from its North Mitchell Property in British Columbia's Golden Triangle. The results are from surface grab samples of in-situ quartz stockwork. Highlights include samples grading 45.0 g/t gold with 60.4 g/t silver, and 11.6 g/t gold with 53.92 g/t silver. Management expressed excitement, noting the results indicate potential for both large-scale porphyry Cu-Au systems and high-grade epithermal gold systems, similar to major deposits in the region like Treaty Creek and Brucejack. The company plans to complete detailed mapping and sampling to define drill targets for a potential maiden drill program in the 2026 season, pending permitting and financing.

The news is assessed as Material - Positive. These are the first assays from the North Mitchell property, which the company optioned in March 2025, and they are exceptionally high-grade for an initial surface sampling program. While it is crucial to recognize that grab samples are selective by nature and not representative of the overall grade of a deposit, results of this tenor provide a strong proof-of-concept for the exploration thesis and significantly de-risk the property from a geological perspective.

This development must be viewed in the context of the company's recent activities. Exploration at North Mitchell only commenced in August 2025, and September news releases built anticipation by describing prospective alteration and veining. These assays are the first tangible evidence of high-grade gold mineralization, validating the company's focus and recent capital expenditures.

The timing is also significant, coming just four days after the company closed an $815,500 financing at $0.03 per unit. This news provides immediate justification for that financing and gives the company a compelling story to attract further investment needed for the planned 2026 drill program.

Compared to Decade's other projects, such as the copper-silver focused "Nobody Knows" property which has yielded respectable but not spectacular drill results, these high-grade gold assays at North Mitchell could pivot the company's focus and narrative. For a micro-cap explorer with a market capitalization under $10 million, demonstrating the potential for a high-grade gold system in a premier jurisdiction is a significant positive catalyst.

However, a critical, risk-averse view is necessary. These are just three surface samples. The width, continuity, and depth extension of this mineralization are completely unknown. The path from high-grade grab samples to an economic orebody is long, capital-intensive, and fraught with risk.

Decade Resources is a Canadian junior exploration company with a portfolio of properties located in the prolific Golden Triangle of British Columbia. The company explores for a range of commodities including gold, silver, copper, and antimony.

Historically, the company's focus has rotated between its various projects, including Del Norte, Red Cliff, and more recently, the Nobody Knows copper-silver project. Following the October 14, 2025 news, the North Mitchell property has become the company's de facto flagship project due to its demonstrated high-grade gold potential. Decade entered into an option agreement in March 2025 to earn a 70% interest in the property. The optionor retains a 1% Net Smelter Return (NSR) royalty, half of which (0.5%) can be purchased by Decade for $3 million.