BC

Bow Property

On October 11, 2013, the Company entered into an agreement to purchase an 80% interest in two mineral claims located in the Skeena Mining District of British Columbia for $280,000. The claims cover 471 hectares located 50 kilometres north of Stewart, B.C. The Bow is contiguous with the Crown-granted claims that host the former Scottie Gold mine. This mine, which operated from 1981 to 1985, milled vein material averaging 16.2 grams per tonne gold, producing 2,967,748 grams of gold (95,426 ounces of gold) from 183,147 tonnes of mineralization. Previous work has indicated in excess of 13 different gold-bearing veins in the Bow claim-Scottie gold mine area.

As at January 31, 2018, the Company has completed the purchase.

The Bow property is located along volcanic rocks on the boundary with the Summit Lake stock, part of the Texas Creek plutonic suite in the Stewart area. This suite of rocks is related to alteration and mineralization at the former-producing Premier mine 20 kilometres south of the property, and the KSM copper-gold porphyries and Brucejack Lake gold deposits 20 kilometres north of the property.

Previous exploration had outlined three zones on the property, namely the Bend, Blueberry and Road (now called the Oro Grande) veins. These are banded quartz-carbonate veins mineralized with gold-bearing pyrrhotite, pyrite, chalcopyrite, galena and sphalerite occurring as en echelon fracture fillings in an east-west direction. Veins can be up to five metres in width but generally average two to three metres. The Bend vein has been drill tested along 100 metres of strike length and 50 metres of depth. A historical inferred resource was outlined in the drilled portion that included 18,200 tonnes of 10.97 grams per tonne gold. This resource is historical and has not been confirmed through drilling and sampling by the Company. These numbers are for reference purposes only and should not be relied upon. Examination of historical longitudinal sections indicates that mineralization is open along strike and to depth from the above drilling on the Bend vein.

In late 2013, the Company completed an extensive program of mapping, sampling, prospecting, trenching and diamond drilling on the Bow property. Three main areas were explored, namely the Bend vein and possible east extension, the Oro Grande-Blueberry vein area, and the area near the south end of the Bow claim. Work defined three new veins and a possible fourth one along the access tunnel to the Scottie Gold mine near the A portal. This access tunnel starts at the southwestern portion of the Bow claim and was driven southwest for 2.3 kilometres to the Scottie Gold mine area. The dumps for the broken muck from the first 500 metres of the tunnel (in the Bow claim) are at the A portal. Pieces of massive pyrrhotite-pyrite mineralization are present in this dump, indicating the presence of a vein and/or veins in this first 500 metres of drifting. Fine visible gold is present in bluish quartz fragments within a matrix of massive pyrrhotite- pyrite.

Samples and core collected during the exploration program have been stored in a secure company owned facility. A total of 365 surface samples including chip, grab and select grab were submitted for analysis. The core was logged and sent to the laboratory for analysis.

Drilling of the Oro Grande and Blueberry vein areas:

This drilling intended to check for any down-dip extension of the Oro Grande vein and east and down-dip extension of the Blueberry vein. The drilling program indicated that the Oro Grande vein had a down-dip extension. Drilling intersected the Blueberry vein with intersections of massive pyrrhotite and pyrite. The drilling to the east of the Blueberry vein exposure indicated several different dikes in the area; namely a microdiorite and mineralized felsic dike. Due to the intersection of a small core length of felsic mineralized dike, trenching was carried out to expose the possible strike direction of this dike. Trenching exposed a mineralized north-south dike parallel to drill direction located at the east end of the Blueberry vein. This dike was cut by numerous post mineral microdiorite dikes trending east-west. The mineralized dike was up to four m wide containing stringers of massive pyrrhotite-pyrite-molybdenite and local massive arsenopyrite lenses. Sulphide content was approximately 20 per cent of the mineralized dike. Coarse visible gold is present along the stringers associated with the molybdenite. Upon discovery of this mineralized dike, trenching was carried out in the general area indicating several other parallel north-south mineralized structures south of the Blueberry vein. Trenching was conducted along 15 metres of strike length. Soil geochemical surveys in previous exploration conducted in 1984 indicated up to 12.5 g/t gold in soils up to 50 metres north of the trenched area. The Company has not verified this data and this information is used for reference purposes only.

The Company discovered a large silicified and pyritic area approximately 200 metres east of the Bend vein that could possibly host large low-grade gold mineralization. Numerous massive arsenopyrite cobbles are present in the overburden in this location. Due to the ice direction from west to east, these cobbles may indicate an easterly extension of the Bend vein. Approximately 200 metres east of this area, anomalous gold- copper-molybdenum values were obtained in the above 1984 soil sampling survey. An outcrop with massive to semi-massive pyrrhotite-pyrite occurs 100 metres south of the Bend vein.

The Company also discovered of a new vein up to two metres wide along 230 metres of strike that hosts arsenopyrite, pyrrhotite, pyrite and chalcopyrite. A second vein with semi-massive pyrrhotite over four metres of width is located 75 metres south of the first vein.

On April 30, 2014, the Company received ICP analyses and gold assay results for sampling in the area of the Bend vein. Highlights of the assays received for the first area sampled around the Bend vein and possible extension to the east include: float samples of massive arsenopyrite assaying up to 154.22 g/t gold; assays of grab sampling indicating up to 9.122 g/t Au in the Camp vein; and trench samples on the Bend vein assaying up to 59.61 g/t Au. Of the 47 samples collected in this area, 15 samples assayed greater than 10 g/t gold, 17 samples assayed between one to 10 g/t gold and 14 assayed less than one g/t gold.

On May 8, 2014, the Company received assays from the A adit dump sampling. The dump sampling was taken along the base of several piles 50 m apart at the portal to the A adit. The average of the 16 randomly taken samples is 93.3 grams per tonne Au.

On May 22, 2014, the Company announced that it had received ICP analyses for all 365 surface samples and gold assay results for another 140 samples from the Bow property. Exploration in 2013 outlined four new sulphide-bearing veins on the Bow property, one of which contains visible gold associated with strong molybdenite mineralization. To date, seven mineralized veins have been located on the property.

The ICP analyses indicate that there are three different types of gold-bearing vein structures associated with massive pyrite-pyrrhotite-arsenopyrite on the Bow property. These include:

- Gold-molybdenum plus or minus arsenic veins (Big M vein, based on ICP and visible gold in samples, and Oro Grande vein, based on ICP and gold assays);
- Au-As-cobalt plus or minus copper (Bend, Fifi, T-vein and H-1 vein, based on ICP and gold assays);
- Au plus or minus Cu (Blueberry, based on historic sampling and 2013 sampling on the possible A adit veins).

Gold assays were received for 140 samples from the 2013 program. Of the 48 samples collected on the Fifi vein, two samples assayed greater than 100 g/t gold, four assayed 50 g/t to 100 g/t, 17 samples assayed 10 g/t to 50 g/t, 20 assayed one g/t to 10 g/t, and eight assayed less than one g/t gold. The vein is up to 2.5 m wide and has been traced over 230 metres, with gold values obtained along the entire length. A total of 12 samples along the vein assayed greater than 0.1 per cent cobalt, with the highest assay being 2.052 per cent Co associated with 3.76 per cent As. Of the 76 samples taken along 50 metres of the Oro Grande vein, eight samples assayed greater than 500 g/t, 12 samples from 200 g/t to 500 g/t, seven samples from 50 g/t to 100 g/t, 16 samples from 10 g/t to 50 g/t, 13 samples from one g/t to 10 g/t and 14 samples less than one g/t gold. Molybdenite is present in some of the samples associated with visible gold. Results that were less than one g/t were taken from siliceous, epidote-rich wall rock rather than the vein. In the Oro Grande sampling, 10 samples assayed greater than 0.1 per cent Mo, with the highest value being 0.39 per cent Mo.

On June 5, 2014, the Company received gold assays for 37 samples from the Blueberry vein at the Bow property. Some of the results of the Blueberry vein sampling are shown in the table below:

No. Vein Type Au g/t

116684 Blueberry Bedrock Grab 246.43
116687 Blueberry Bedrock Grab 409.44
116688 Blueberry Bedrock Grab 345.44
116689 Blueberry Bedrock Grab 253.29
116703 Blueberry Bedrock Chip 266.83
116714 Blueberry Bedrock Chip 229.89

On June 23, 2014, the Company received gold assays for 78 samples from the Big M vein at the Bow property. Of the samples collected at the Big M vein, 10 samples assayed greater than 1,000 g/t, 13 assayed from 500 g/t to 1,000 g/t, 10 assayed from 100 g/t to 500 g/t, 9 assayed from 50 g/t to 100 g/t, 27 samples assayed one g/t to 50 g/t and 9 assayed less than one g/t gold. The vein is up to 4.5 metres wide and has been traced over 25 metres with gold values obtained along the entire length. The vein intersects with the Blueberry at the north exposure of this vein. The Big M vein was exposed during pad building for drilling on the north end of the Blueberry vein. Subsequent to exposure, trenching was conducted along 25 metres of this vein. Mineralization consists of a number of pyrrhotite-arsenopyrite-pyrite-molybdenite stringers up to 15 centimetres wide across 4.5 metres of width. Sulphide content along the vein varies from 10 per cent to 20 per cent over all.

2014 Drilling Program

The 2014 drilling program is designed to test the Big M vein where sampling in 2013 yielded up to 3,418 g/t gold in grab sampling and 280 g/t across a four-metre chip sample. Early results have identified a 50-metre- wide zone of mineralization associated with intense sericite-chlorite alteration and shearing that has not been previously identified.

The Company drilled the first six holes during the summer and the core was logged, with mineralized sections cut and shipped to a lab for analysis. Fine, visible gold has been noted within a 13-metre section in drill Hole No. 2.

On September 3, 2014, the Company announced assay results for the first diamond drill hole completed in 2014 on the Bow property. Highlights of assays for the first hole include 49.6 metres of 15.25 g/t Au.

The first hole tested the newly discovered Sixties zone, which is a northeast-trending zone of pyrrhotite veins and stockworks with minor pyrite and chalcopyrite within andesitic volcanics in contact with argillites. The first hole tested north of the previously identified Blueberry zone, an east-west vein which is present along a fault zone that has offset and rotated the volcanics and sediments in this area. The area of the 2014 drilling is in an area obscured by glacial moraine and overburden. Within the first hole, logging the core indicated fine visible gold in four different sections within the above 49.6-metre section. Mineralization starts at the volcanic-sediment contact and appears to be associated with strong dark chlorite alteration. True width of the zone which dips to the southeast is unknown at this time.

Drill holes 14-2 and 3 tested the area of the Big M vein discovered in 2013 with drill holes directed toward the west and drilled entirely within argillites. Fine visible gold was noted within several locations within a 13 m section in drill hole No. 2. Mineralization in the Big M is associated with arsenopyrite, minor pyrrhotite- pyrite-chalcopyrite and rarely molybdenite.

On September 11, 2014, Decade announced assay results for the second diamond drill hole completed in 2014 on the Bow property. Highlights of assays for the second hole include 12.66 metres of 39.43 g/t Au.

The second hole tested the newly discovered Big M zone, which is a north-trending zone of arsenopyrite- pyrite-pyrrhotite with minor chalcopyrite-molybdenite and fine visible gold identified south of the Blueberry vein structure. The zone is entirely within argillites along the east contact with andesitic volcanics. DDH-14- 3, which tested beneath hole two, intersected similar mineralization to that found in DDH-14-2. True width of the Big M zone, which appears to dip steeply to the west, is unknown at this time.

DDH-14-4, which tested the Sixties zone in the area of DDH-14-1, intersected over 40 metres of pyrrhotite mineralization similar to that in DDH-14-1. Both DDH-14-1 and 4 were drilled north of the Blueberry structure. DDH-14-5 and 6 tested the Sixties zone south of the Blueberry structure.

On September 15, 2014, Decade announced the mobilization of a second diamond drill to continue testing the Bow property. The second drill will test a newly exposed zone of brecciated altered intrusive located one kilometre northeast of the Sixties zone. The new zone is located in an area of a historic gold-copper- molybdenum geochemical anomaly in soils.

Decade completed 15 drill holes testing different zones on the Bow property. Drilling of two long holes, one 365 metres and another 310 metres long, in an area of a historic gold-copper-molybdenum anomaly in soils, intersected sulphide mineralization over the entire interval in the first hole and over most of the second hole. Pyrite mineralization forming up to 30 per cent of the core was intersected over 30 metres in the first hole. Mineralization in DDH-14-4 intersected similar mineralization to DDH-14-1 over a 40 metre interval.

On December 9, 2014, Decade released the assays for the third diamond drill hole completed in 2014 on the Bow property. Highlights of assays for the third hole include 13.11 metres of 27.54 g/t Au.

The third hole tested beneath DDH-14-Bow-2 on the newly discovered Big M zone. It is a north-trending zone of arsenopyrite-pyrite-pyrrhotite-minor-chalcopyrite-molybdenite and fine visible gold identified south of the Blueberry vein structure. The zone is entirely within argillites along the east contact with andesitic volcanics. DDH-14-5 and -6 drilled from the west to the east tested the Big M zone at depth below DDH-14- Bow-2 and -3.

On March 12, 2015, the Company announced assay results for the fourth diamond drill hole completed in 2014 on the Bow property. Highlights of assays for the fourth hole include 8.84 metres of 11.84 g/t Au.

The fourth hole tested the Sixties zone to the northeast of DDH-Bow-2014-1. Both DDH-14-1 and 4 were drilled north of the Blueberry structure. DDH-14-5 and 6 tested the Sixties zone south of the Blueberry structure. True width of the zone, which appears to dip steeply to the northwest, is unknown at this time.

The Company completed 15 drill holes testing different zones on the Bow property in the 2014 exploration program. Six holes tested the Sixties-Big M vein areas, three holes tested a stockwork zone of narrow pyrite veining (CV zone), two holes tested the Oro Grande zone, two holes tested a large gold-copper soil anomaly and two holes tested areas of intense rust staining.

On April 30, 2015, Decade received the assays for the fifth hole completed in 2014 on the Bow property. Highlights of assays for the fifth hole include 12.98 g/t Au over 14.63 metres intersected in the Sixties zone and 22.2 g/t Au over 6.1 metres intersected in the Big M zone.

On May 5, 2015, Decade received the assays for the sixth hole. Highlights of assays for the sixth hole include
21.305 g/t Au over 12.16 metres intersected in the Sixties zone and 17.18 g/t Au over 6.26 metres intersected in the Big M zone.

A map showing the 2014 drill plan in the area of DDH-14-Bow-1 to 6 is posted on the Company's website. The intersections on the Sixties zone are approximately 50 metres south of the collars for DDH-14-Bow-1 to
2. Photos of the core from DDH-14-Bow-1 and 2 are also posted on the website.

On June 30, 2015, Decade released assay results from a further five diamond drill holes completed in 2014 on the Bow property. Highlights of assays for the drill hole six and seven which tested the large soil geochemical anomaly were the sixth hole included 1.06 g/t Au over 12.20 metres and the seventh hole included 2.77 g/t Au over 3.05 metres.

The holes tested a large copper-gold soil anomaly outlined in historic surveys that is located 1.2 kilometres northeast of the recently discovered Big M and Sixties zone. The location of drilling is shown on a map posted on the website. Drilling indicated copper values ranging from less than 100 parts per million to a high of 0.13 per cent and gold values averaging 0.28 gram per tonne over 300 metres of drill length. Surface grab sampling in 2014 indicated 0.8 g/t gold for 20 samples taken from outcrops over a 200 m area. Further work is planned to define the dimensions of the low-grade gold-bearing area.

Highlights of assays for the drill holes eight and ten which tested the stockwork zone of narrow pyrite veining (CV zone) were the eighth hole included 4.99 g/t Au over 3.05 metres and the tenth hole included 2.45 g/t Au over 2.74 metres.

The CV zone is located one kilometre north of the recently discovered Big M and Sixties zone. Further work is planned to define the dimensions of the CV gold-bearing area.

2016 Exploration Program

On June 23, 2016, the Company reported that sampling had returned 201 g/t Au over two metres on the Big M zone located on the Bow property. The Company received the results from surface testing along 20 metres of the Big M zone. Chip sampling was conducted at the north end on an area of vein exposed by melting snow. The zone is over three metres wide with two metres of quartz/molybdenite/sparse arsenopyrite and one metre of highly sericite altered rocks with stringers of massive arsenopyrite. In the quartz material, assays gave 0.21 % and 0.37 % molybdenum in association with high gold assays.

Assay results from the sampling are shown in the table below:

Sample # Sample type  Gold g/t
5244 1 m chip 342.39
5243 1 m chip 60.62
5246 grab 315.35
5248 grab 18.52

Samples 5246 and 5248 were grab samples from massive arsenopyrite stringers. Grab sampling of poorly exposed massive arsenopyrite 20 metres south of the above rock face yielded up to 109.57 g/t Au along stringers up to 0.15 metres wide within a zone that appeared to be two metres in width overall.

2016 Drilling Program

In July 2016, Decade commenced drilling on the Bow property. The Company drilled a total of 500 metres on the Bend vein within the Bow property. The drilling was intended to confirm drill results from the 1980’s, as well as check for strike extension along the Bend vein. The drilling intersected massive to semi-massive sulphides over widths up to five metres within the zone previously tested.

 

Trenching along the surface projection of the vein exposed it over a strike length of at least 100 metres. Grab sampling was conducted along the exposed portion of the zone. Based on work in 2014 and 2016, the Bend vein is at least 250 metres long and open along strike. Work indicates that the Bend vein contains more arsenopyrite to the east of the drilling. In the area of drilling the vein contains semi-massive to massive pyrrhotite-pyrite and minor chalcopyrite.

 

On September 8, 2016, the Company released the assay results for the first four drill holes of the 2016 drill program on the Bow property. Highlights of the assay results are shown in the table below:

 

DDH No. From To Width Au

 

DDH No. From (m) To (m) Width (m) Au (g/t)
2016-BOW-1 19.05 22.26 3.20 10.03
2016-BOW-2 18.45 20.64 32.19 14.27
2016-BOW-3 15.24 19.82 4.57 12.53
including 16.77 19.52 3.05 17.80
2016-BOW-4 14.79 20.88 6.09 17.17
including 14.78 20.58 5.79 18.00

 

The holes were all drilled on one panel to test the Bend vein, which is dipping at 45 degrees. The intersections in the table are true widths in this zone, which is amenable to open pitting in the event of mining of the mineralization.

 

On October 18, 2016, the Company released the assay results for the final three holes of the 2016 drill program completed on the Bow property. Highlights of the drilling are shown in the table below:

 

DDH No. From (m) To (m) Width (m) Au (g/t)
2016-BOW-5 15.24 21.04 5.79 21.18
including 17.53 19.66 2.13 45.95
2016-BOW-6 18.14 20.73 2.59 13.43
2016-BOW-7 14.48 20.88 6.40 5.75
including 18.78 19.82 1.04 16.53

 

Drill intercepts are close to 90% of the shallow-dipping Bend vein. Three holes drilled east of the above drilling in an area of deep overburden did not encounter the vein due to being spotted in the footwall area of the vein. Because of this, trenching was conducted to follow the strike of the vein. Grab sampling was conducted on vein zone exposed in the trenching. A total of 11 samples of sulphide-rich material assayed from 1.2 grams per tonne to 41.67 grams per tonne gold over the exposed strike length. Two samples with semi-massive arsenopyrite assayed 33.87 grams per tonne and 41.67 grams per tonne gold.

2017 Exploration Program

The Company plans to evaluate historical geochemical data in 2017 in order to define areas of elevated cobalt values in soil sampling conducted on the property in the 1980’s. The property contains significant cobalt values associated with gold and arsenopyrite in pyrrhotite-rich veins and stock-works. Any indicated anomalous areas from this previous will be sampled by the Company, in light of recent increase in the price of cobalt.

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