Decade Resources secures approval to acquire North Mitchell property in Canada
Canada-based mineral exploration company Decade Resources has received approval from the TSX Venture Exchange (TSX-V) to acquire the North Mitchell property, a strategic landholding in the prolific Golden Triangle of north-western British Columbia (BC) in Canada.
The Golden Triangle is home to numerous past and current mining operations, underscoring the region's status as one of the world's most mineralised districts.
Located 70km north of Stewart, BC, the North Mitchell property spans 963.45ha and is surrounded by copper-gold deposits on three sides.
The property's strategic location offers Decade Resources a promising opportunity for exploration and development.
The combined gold estimates in the vicinity of the property are approximately 201.67 million ounces (moz), not accounting for the vast quantities of silver and copper also present in these deposits.
The geological setting of the North Mitchell property is notable for its proximity to the Texas Creek Plutonic suite, and includes the Jurassic-age Mitchell intrusions at Kerr-Sulphurets-Mitchell.
This suite is associated with gold mineralisation in several nearby mines and deposits, highlighting the area's rich mining heritage and potential.
Decade Resources president Ed Kruchkowski said: "I feel that this a wonderful opportunity for the company based on my knowledge of the property. The North Mitchell property contains the rocks and geology necessary to host porphyry copper-gold (Cu-Au) and epithermal gold mineralisation.
'The property is located within the Stikine Terrane, the locale for large Cu-Au deposits. The property is underlain by similar lithologic units hosting these deposits and the company believes that it is one of the most exciting mineral properties that has not been explored in British Columbia."
In a related exploration effort, the company has identified a high-grade gold-silver-base metal zone approximately 3km south-west of the Nobody Knows #2 copper-silver red bed.
Initial sampling has revealed significant mineralisation including arsenopyrite and elevated bismuth and cobalt, with some samples containing visible gold.
In September 2024, Etruscus Resources began its 2024 exploration programme at the Rock & Roll Property in the Golden Triangle to uncover a copper-gold porphyry system.
"Decade Resources secures approval to acquire North Mitchell property in Canada" was originally created and published by Mining Technology, a GlobalData owned brand.
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