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Grizzly Mobilizes Field Crew to the Robocop Cobalt-Copper-Silver Property, BC, Issues Options
Edmonton, Alberta--(Newsfile Corp. - August 13, 2018) - Grizzly Discoveries Inc. (TSXV: GZD) (...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Mobilizes Field Crew to the Robocop Cobalt-Copper-Silver Property, BC, Issues OptionsEdmonton, Alberta--(Newsfile Corp. - August 13, 2018) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (\"Grizzly\" or the \"Company\") is pleased to announce that it has mobilized a field crew to the Robocop Cobalt-Copper-Silver (Co-Cu-Ag) project near Roosville in southeast British Columbia (B.C.). The field crew, provided by APEX Geoscience Ltd., will conduct a two week surface exploration program in advance of a follow-up airborne geophysical survey.The Robocop claims comprise 9,891 acres and are located in southeast B.C., approximately 45 kilometres (km) south of Fernie and 70 km southeast of Cranbrook, immediately north of the Canada-USA border. The property is located east of Grizzly's Greenwood Property in southeastern British Columbia.The Board of Directors of Grizzly have also authorized the issuance of an aggregate 1,050,000 stock options to Officer, Directors, and Consultants of Grizzly with an exercise price of $0.10 and expiring on August 13, 2023 or earlier in accordance with the Company's stock option plan. HIGHLIGHTS FOR THE ROBOCOP PROPERTYThe Project is comprised of 9,891 acres in 5 mineral claims that are all road accessible just off Provincial Highway 93 in southeast B.C. Initial surface trenching in the late 1980's to early 1990's yielded up to 0.06% Co and 1.93% Cu over 6 m in one trench and in a separate trench up to 0.182% Co, 2.44% Cu and 9.6 grams per tonne (g/t) Ag in sediment hosted mineralization within middle Proterozoic Purcell Group rocks.A total of 15 drillholes in the area between 1990 and 2008 have yielded several intersections of near surface Co-Cu-Ag mineralization with grades of up to 0.134% Co, 1.19% Cu and 33.8 g/t Ag over 1.23 m core length in hole R-1990-5 and 0.14% Co, 0.9% Cu and 2.7 g/t Ag over 3.1 m core length in hole R-1990-6 (Thomson, 1990),Along with an intersection of 0.18% Co, 0.28% Cu, 4.1 g/t Ag over 1 m core length in hole R-2008-02 (Pighin, 2009), andSediment hosted Co-Cu-Ag mineralization is similar in style, age and host rocks to eCobalts Idaho Cobalt project and Hecla's Revett Formation hosted mineralization near Troy Montana.Prior work has identified areas within the Robocop property with significant historic Co-Cu-Ag in soil anomalies. Combined with historic drilling during t...