Decade Resources begins exploration at North Mitchell

Executive Summary

• Decade Resources commenced exploration on the 963‑ha North Mitchell property in BC’s Golden Triangle, a region surrounded by world‑class Cu‑Au deposits.
• The company disclosed high‑grade drill results from Tudor hole PS‑23‑10, including 1.5 m averaging 24.70 g/t Au and broader intervals of >1 g/t AuEq.
• Decade holds an option to earn a 70% undivided interest in the property and may secure additional NSR royalties and equity stakes under defined payment terms.

Key Details

• Property Overview: North Mitchell (963.45 ha) lies within 2–8 km of major deposits: KSM Iron Cap (36.1 Moz Au), KSM Snowfield (34.9 Moz Au), Kerr‑Sulphurets‑Mitchell (88.3 Moz Au), Tudor Treaty Creek (27.87 Moz Au), Newmont Brucejack/Valley of Kings (14.5 + Moz Au).
• Option Structure:
• Earn up to 70% undivided interest by making scheduled share payments (see attached table).
• Upon full payment, a 1 % NSR royalty is granted to the optionor; Decade may purchase half of this (0.5 % NSR) for $3 M within 12 months before commercial production.
• Decade can acquire the remaining 30 % interest at two‑thirds of its NPV value, based on a 5 % discounted cash flow using proven & probable reserves from a feasibility study.
• Resale Restriction: Shares issued under the agreement are subject to a four‑month‑and‑one‑day resale lock‑up per NI 45‑102.
• Drill Hole PS‑23‑10 (Tudor):
• Total intercept: 102.15 m @ 1.28 g/t AuEq (1.23 g/t Au, 3.43 g/t Ag, 0.01 % Cu).
• Enriched zones: 42.5 m @ 1.87 g/t AuEq and 25.5 m @ 1.60 g/t AuEq.
• High‑grade vein: 1.5 m @ 24.70 g/t Au, the highest grade reported to date for the property.
• Initial Exploration Program: Talus fines sampling, detailed mapping, and geochemical sampling will follow the drill program.
• Qualified Person: Ed Kruchkowski, P.Geo., President of Decade Resources, signed off on the release (not independent).

Notable Quotes

(No direct quotes provided in the release.)