The Grassy Claim project owned 100 % by Decade Resources Ltd extends from the Long lake area to just south of Monitor Lake approximately 24 km north of Stewart in the Skeena Mining Division, BC. The Grassy property contains approximately 830.20 hectares in 2 separate claims. The 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 2 km south of the property and the KSM copper-gold porphyries and Brucejack Lake gold deposits 30 kilometres north of the property. It is also 5 km east of the Silver Coin gold-silver deposit. Jurassic age intrusions (193-195 Ma Premier Porphyries near Stewart; Mitchell intrusions at Kerr-Sulphurets-Mitchell deposits and Brucejack Lake) are related to these mineralizing events in the Stewart area and Sulphurets-Mitchell valleys. The Brucejack Lake gold deposits owned by Pretium Resources Ltd are located 30 kilometres north of the property. There are 2 main deposits, namely the VOK deposit which contains 1.2 million ounces of gold in the measured mineral resource category (two million tonnes grading 19.3 g/t gold), 7.5 million ounces of gold in the indicated mineral resource category (13.4 million tonnes grading 17.4 g/t gold) and 4.9 million ounces of gold in the inferred mineral resource category (5.9 million tonnes grading 25.6 g/t gold). The West zone has reported resources of 4.9 million tonnes at a grade of 5.85 g/t Au in the measured and indicated category and 4 million tonnes in the inferred category at 6.44 g/t.
It is also 6 kilometres north of the Premier mine property presently being developed by Ascot Resources and 5 km east of the Silver Coin property. The Premier mine produced 2,192,612 oz Au and 40,877,602 oz Ag from 3,289,578 tons in the period 1918 -- 1967. From 1989 -- 1996, the Premier mine produced 258,372 oz Au and 3,556,425 oz Ag from 3,039,680 tons (average grade 0.085 oz/t Au and 1.67 oz/t Ag). A high grade resource is presently being developed in the area of the old mine workings and a large low grade resource is reported north of the old mine. The low grade resources reported on Sedar includes 2,204,000 oz Au in the indicated category from material averaging 0.85 g/T and 443,000 oz Au in the inferred category from material averaging 0.74 g/T.
On the Silver Coin property owned by Jayden Resources and Mountain Boy Minerals, a NI 43-101 compliant mineral resource was reported on www.Sedar. At the 0.3 g/t cut-off grade the estimated measured and indicated resource is 24.13 million tons grading 1.08 g/t gold for a total of 842,416 ounces of gold, 4.45 million ounces of silver and 91.17 million pounds of zinc. The estimated inferred resources comprise an additional 813,273 ounces of gold, 6.69 million ounces of silver, and 128 million lbs of zinc. This resource includes none of the drillhole assays from the large 2011 drilling program.
On the Grassy claims, mineralization is hosted in east-southeast striking, south- dipping intercalated felsic tuff and breccia and black dacitic lapilli tuff of the Mount Dilworth Formation. Mineralization generally consists of coarse-grained sphalerite; galena and pyrite in narrow vuggy quartz carbonate breccia veins. There are 3 known mineralized zones which include the Start, Bush and Lakeshore showings. There are 4 major structures that are mineralized over 10 m widths that have been traced for 1.5 km.
During the period August 1 to October 15, 2011 an exploration program consisting of rock and soil sampling as well as a total of 604.88 meters of BTW diamond drilling completed in 3 holes from 2 different pads was completed. Rock sampling in areas of previous trenching yielded assays grading 24.3 g/t Au, 241.5 g/t Ag, 2.7 % Pb and 2.42 % Zn. Soil sampling indicated anomalous gold, silver, led, zinc and cadmium.
Drill Hole GN-2011-2 tested the historic Lakeshore showing which contains a quartz breccia vein, striking 300 degrees and dipping 35 degrees southwest, containing pyrite, galena, tetrahedrite and minor sphalerite and chalcopyrite. A historic chip sample from the trench assayed 270.2 grams per tonne silver, 0.1 gram per tonne gold, 3.4 per cent zinc, 3.5 per cent lead, 1.1 per cent copper and 0.08 per cent cadmium across 1.5 metres. Drilling intersected a narrow quartz breccia zone with minor pyrite in the projected down dip extension of the Lakeshore zone. The drill hole did intersect 1, 56 g/t gold over 3.05 metres within a strong quartz stockwork containing minor pyrite and low silver and base metal values.