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Grizzly Provides Corporate Update and Exploration Plans for 2020 at Greenwood, BC
Edmonton, Alberta--(Newsfile Corp. - April 2, 2020) - Grizzly Discoveries Inc. (TSXV: GZD) &...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Provides Corporate Update and Exploration Plans for 2020 at Greenwood, BCEdmonton, Alberta--(Newsfile Corp. - April 2, 2020) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (\"Grizzly\" or the \"Company\") is supportive of the roles and initiatives of industry and governments to protect the health and safety of all Canadians. The Company recognizes that the COVID-19 pandemic crisis is dynamic and is monitoring the situation to determine the impacts that COVID-19 may have upon its 2020 exploration efforts. At present, the Company does not see a significant impact to its 2020 planned exploration programs in southern British Columbia as exploration can be conducted in any season within the guidelines recommended by the Chief Inspector of Mines for British Columbia with respect to the COVID-19 pandemic and the operation of mines and exploration programs.Brian Testo, CEO commented, \"We are continuously monitoring the progress of COVID-19 developments and will act accordingly for the health and safety of all stakeholders. With gold and palladium prices near 8 year highs, we saw strong interest in our projects at the PDAC, and we intend to take advantage of the current favourable precious metal prices and continue to raise capital to advance exploration efforts at our road accessible projects in southern British Columbia.\"All of the Company's mineral claims in southeastern British Columbia will now be in good standing to at least December 31st, 2021. The British Columbia Ministry of Mines has provided a grace period for conducting required exploration on all mineral claims in the Province coming due in the next 12 months. The Company has over 150,000 acres in the Greenwood area and close to 6,000 acres in the Roosville area of British Columbia, a proven and prolific mining jurisdiction of Canada. Grizzly 2020 Exploration Plans - Ket 28 ProspectGrizzly has recently received drilling permits for high priority drill targets at the Ket 28 prospect, located within the Rock Creek claim group of the Greenwood Project, at which historic drilling in 1994 intersected high grade gold yielding 52.19 g/t gold over 3.35 meters (m) core length. Follow-up drilling by Grizzly in 2009 and 2010 at the Ket 28 provided more anomalous gold intersections, yielding 2.77 g/t gold over 11 m core length and 8.75 g/t gold over 3 m ...