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Grizzly Mobilizes Crew for Ground Geophysical Surveys in Northern Alberta
EDMONTON, AB / ACCESSWIRE / June 13, 2016 / Grizzly Discoveries Inc. (TSXV: GZD (FSE: G6H) (O...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Mobilizes Crew for Ground Geophysical Surveys in Northern AlbertaEDMONTON, AB / ACCESSWIRE / June 13, 2016 / Grizzly Discoveries Inc. (TSXV: GZD (FSE: G6H) (OTC Pink: GZDIF) (\"Grizzly\" or the \"Company\") is pleased to announce that it has mobilized a crew to Northern Alberta to perform a number of ground geophysical surveys on its Buffalo Head Hills diamond project land holdings in Alberta. Grizzly has significant land holdings of over 220,000 acres of metallic and industrial mineral permits in and around the Buffalo Head Hills area of north-central Alberta. Grizzly's permits contain seven kimberlites of which two, the BE-02 and BE-03, are considered highly diamondiferous and warrant future bulk sampling.\nBuffalo Head Hills Diamond Property, Alberta\nA Renewed Interest in diamonds\nRenewed interest in diamond exploration during 2015 and 2016 has prompted re-evaluation of Grizzly's Buffalo Head Hills Diamond Project in north-central Alberta, which is located approximately 330 kilometres northwest of Edmonton and is easily accessed during summer and winter by a large network of roads and cutlines. Based upon an internal review of all data, the Company has staked additional permits of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area. Grizzly's total land position includes 11 permits that encompass approximately 220,000 acres.\nTo date, 41 kimberlites have been discovered in the Buffalo Head Hills kimberlite field; an area of approximately 2,500 km(2) representing the third largest known district of significant diamond-bearing kimberlites in Canada. The diamondiferous kimberlite field has generated exploration interest due to the large kimberlite dimensions (up to 45 ha), encouraging diamond contents (up to 55 carats per hundred tonnes) and high ratio of diamondiferous to barren kimberlite (28 of 41 kimberlites contain diamond). Five bodies have undergone mini-bulk and bulk sampling (between 22 and 616 tonnes): K6, K11, K14, K91 and K252. These kimberlites are currently being explored in a joint venture between Canterra Minerals Corp., Shore Gold Inc. and Encana Corp. with Canterra operator of the joint venture. Grizzly holds the rights to much of the lands that immediately surround the K6, K11, K14, K91 and K252 kimberlite pipes.\nGrizzly began exploration in the Buffalo Head Hills...