Business
Grizzly Discoveries Provides Positive Results In 2020 and Growth Prospects for 2021
Edmonton, Alberta--(Newsfile Corp. - January 6, 2021) -  Grizzly Discoveries Inc. (TSXV:...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Discoveries Provides Positive Results In 2020 and Growth Prospects for 2021Edmonton, Alberta--(Newsfile Corp. - January 6, 2021) -  Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) (\"Grizzly\" or the \"Company\") is pleased to provide the following corporate review of its 2020 activities, highlighted by the Company raising more than $1.2 million from long-time shareholders and new investors to undertake a drilling program at the Ket 28 Greenwood Project and airborne geophysics at its Robocop property. The Ket 28 2020 drill program is now complete with all drill hole assay results received. The program was completed on time and on budget and gold mineralization was present in 14 of 15 holes completed at the project. Initial results have provided narrow high-grade gold intersections within broad intercepts of moderate grade gold located near surface. The recent results have provided similar mineralized intercepts to the first six holes released on December 2, 2020, supporting an expansive near-surface gold system that is open on-strike and at depth and exhibits potential for an open pit bulk tonnage mineral resource. Grizzly believes that with additional drilling a 43-101 Technical Report can be produced regarding a mineable resource.Brian Testo, CEO, Grizzly Discoveries Inc., commented, \"Our 2020 drill results confirm the presence of broad mineralization at Ket 28, with near surface bulk tonnage potential as well as select high grade intervals. We are highly encouraged by these first results that show consistent multiple zones of mineralization across 500 m of strike to a depth of 125 m, and look forward to additional drilling.\"In addition, Grizzly has initiated an airborne VTEM geophysics survey at its Robocop Copper-Cobalt Project to identify new targets and has performed reconnaissance sampling to provide new gold and copper targets across its Greenwood land package. The Company has received interest and is preparing joint venture opportunities across its massive, 631 km2 land package in South-Central British Columbia, Canada. As early as the late-19th century, exploration and mining activities in the Greenwood area have been delivering positive results. Among the previous historic discoveries are the Phoenix camp with copper-gold-silver skarn mineralization, which produced over 1 million ounces o...