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Grizzly Increases Holdings by 30% Focusing on New Geophysical Targets at Its Robocop Copper-Cobalt-Silver Property
Edmonton, Alberta--(Newsfile Corp. - May 4, 2021) - Grizzly Discoveries Inc. (TSXV: GZD) (OTC...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Increases Holdings by 30% Focusing on New Geophysical Targets at Its Robocop Copper-Cobalt-Silver PropertyEdmonton, Alberta--(Newsfile Corp. - May 4, 2021) - Grizzly Discoveries Inc. (TSXV: GZD) (OTCQB: GZDIF) (FSE: G6H) (\"Grizzly\" or the \"Company\") is pleased to announce that based upon final data provided by Geotech Ltd. for the Company's 400 line-km Versatile Time Domain Electromagnetic (\"VTEM™\") and magnetic survey, it has staked an additional 1,291 hectares (3,190 acres) surrounding its existing Robocop claims. The additional acreage is shown in Figure 1 below and brings the total property land holdings to 3,663 hectares (9,053 acres). 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 that the VTEM survey undertaken in Q1 2021 has provided further validation of the Robobcop property and identified several exciting anomalies for further exploration work and which has led us to increase our land position at Robocop. The survey further indicates that historical drilling on the property, which returned promising grades of Copper, Cobalt and Silver, was concentrated on the periphery of the recently identified EM targets are located. We are looking forward to targeting the heart of these anomalies with our 2021 exploration program.\"Figure 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 Figure 1, please visit:https://orders.newsfilecorp.com/files/4488/82788_ce75259774a7a8f8_002full.jpgThe VTEM™ survey was flown at 100 metre line spacing and, provides the first property-wide, high resolution geophysical images of the Property. Geotech Ltd. has provided initial finalized data and it confirms the presence of a number of EM (conductance) and magnetic anomalies that will require follow-up review and modelling leading to ground-based exploration, including drill testing during fall 2021. A consulting geophysicist has been engaged to review the data, model conductive bodies, and recommend the next steps for exploration including potential drill targets for land use permitting.The VTEM™ survey i...