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The property covers approximately 6.7 square miles or 4,300 acres.
Ownership of the property includes four leasehold interests covering
76 unpatented lode and placer claims and an additional 138 unpatented
lode claims. There is one Oregon State section within the property
for which applications for State prospecting permits have been submitted.
Holding costs are approximately US$75,000 annually. A sliding scale NSR
royalty applies to the main Grassy Mountain deposit. The royalty rate is
a 4% NSR for gold prices up to US$500 per ounce, to a maximum of 7% for
gold prices above US$800 per ounce.
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