Business
Grizzly Advances Its New Copper Targets with Planned Fieldwork at Its Robocop Project, Southeastern British Columbia, Canada and Closes First Tranche of Its Private Placement
Edmonton, Alberta--(Newsfile Corp. - June 3, 2021) - Grizzly Discoveries Inc. (TSXV: GZD) (OT...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Advances Its New Copper Targets with Planned Fieldwork at Its Robocop Project, Southeastern British Columbia, Canada and Closes First Tranche of Its Private PlacementEdmonton, Alberta--(Newsfile Corp. - June 3, 2021) - Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) (\"Grizzly\" or the \"Company\") is pleased to announce that planning has commenced to evaluate the 18 high-priority conductivity anomalies that have been identified at its Robocop Property following analysis of the recent 400 line-km Versatile Time Domain Electromagnetic (\"VTEM™\") and magnetic survey data (Figure 1 below). Grizzly is planning field work to commence in June 2021 over the high-priority anomalies. The Robocop Property is 100% owned by Grizzly and is easily road accessible in Southeast British Columbia (the \"Property\"), near the hamlets of Grasmere and Roosville.Brian Testo, CEO of Grizzly, commented, \"We are excited to continue to progress the prospects at our Robocop property with field work commencing in June, which will be followed by planned drilling later this year. The geophysical anomalies will be drill tested following additional fieldwork to identify drill-collar locations. The Robocop geology and anomalies have potential for world-class copper-cobalt discoveries in a road accessible area offering significant logistical advantages.\"In consultation with Mr. Martin St. Pierre, P. Geophysicist, of St. Pierre Geoconsultant Inc., the company is developing plans for an Induced Polarization (IP) survey and follow-up geochemical surveys to test a number of high and secondary priority geophysical anomalies identified in the vicinity of the \"Discovery Area\" (See Figure 2 below). In particular, IP surveys to cover anomalies 14-3, 15-3 and 16-3 in the vicinity of the Discovery Area, which has provided historical anomalous core intersections of up to 0.134% cobalt (Co), 1.19% copper (Cu) and 33.8 g/t silver (Ag) over 1.23 m, are being planned for execution in the upcoming program.Fig 1. New mineral claims (in white outlines) on a map of calculated time constant TAU values for conductance for S Field (dB/dt) with Cu in rocks & soils.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4488/86310_2f5a5b5a242a1a33_002full.jpgA number of high priority targets have been identif...