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Grizzly Drills 7.37 g/t Gold over 3.08 Metres at Its Ket 28 Gold Target
Edmonton, Alberta--(Newsfile Corp. - December 2, 2020) - Grizzly Discoveries Inc. (TSXV: GZD)...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Drills 7.37 g/t Gold over 3.08 Metres at Its Ket 28 Gold TargetEdmonton, Alberta--(Newsfile Corp. - December 2, 2020) - Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) (\"Grizzly\" or the \"Company\") is pleased to report assay results for the first six of fifteen holes drilled at the Ket 28 Prospect from the western portion of its 155,000 acre Greenwood Gold Project in south-central British Columbia.Initial results have provided high-grade gold intersections and broad intercepts of moderate grade gold located near surface. The results have provided mineralized intercepts 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. An additional nine drillholes are pending assay results that have potential to expand the area and yield more significant gold grades and intercept lengths. The 2020 drill program is complete with results anticipated through December 2020 and January 2021. The Ket 28 gold target is located in a road accessible, proven and prolific area, adjacent to the US border in south-central British Columbia, Canada. Gold Target Highlights: Results from the first six holes intersected broad, near surface gold mineralization. Key intervals include 1.59 grams per tonne (g/t) gold (Au) over 17.8 m from 43 m including 7.37 g/t Au over 3.08 m, (20KT02) and 0.77 g/t Au over 31 m from 54.5 m) including 1.42 g/t Au over 11.5 m from 61 m (20KT04) (Table 1).The Ket 28 Target remains open to below a 125 metre vertical depth towards an underlying and potentially larger porphyry-type feature represented by a large 1 km by 2 km geophysical anomaly;All drill-holes intersected variable amounts of sericite-pyrite alteration with quartz veins and silicification hosted in a sedimentary schist, mafic volcanic to basalt package of rocks;Drilling continues to expand the volume and extent of gold mineralization at surface and to depth, with a strike length of greater than 400 m, a width of about 100 m and multiple near flat lying zones intersected from surface up to a depth 125 m depthDiamond drill program consisted of 1,975m in 15 drill holes;Brian Testo, CEO, Grizzly Discoveries Inc., commented, \"Our first 2020 drill results confirm the presence of broad mineralization at Ket 28, with near surface bulk tonnage potentia...