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Grizzly Provides Final Results for Phase 1 Drill Testing at Motherlode North, from Its Greenwood, BC Precious and Battery Metals Project
Edmonton, Alberta--(Newsfile Corp. - March 28, 2023) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE...
About this update from Grizzly Discoveries Inc
[{"type":"text","content":"Grizzly Provides Final Results for Phase 1 Drill Testing at Motherlode North, from Its Greenwood, BC Precious and Battery Metals ProjectEdmonton, Alberta--(Newsfile Corp. - March 28, 2023) - Grizzly Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) (\"Grizzly\" or the \"Company\") is pleased to announce that final assay and geochemical results have been received for Motherlode North drilling completed as part of its 2022 Phase 1 drill program at the Greenwood Project (Figure 1). A total of 1,722 m in nine core holes was completed at Motherlode North, approximately 500 to 750 m north of the historical Motherlode copper-gold-silver mine and 387 m in two core holes were completed at the Marguerite Target as part of the 2022 Phase 1 drilling program. 2022 Drilling HighlightsThe Motherlode North polymetallic and skarn targets (Figure 1) are comprised of copper-gold-silver +/- lead-zinc (Cu-Au-Ag +/- Pb-Zn) targets 500 to 750 m north and northeast of the historical Motherlode Mine (not owned by the Company), which produced significant amounts of Cu, Au and Ag including 173,000 ounces (oz) of Au, 688,000 oz of Ag and 77 million lbs of Cu between 1896 and 1918 and 1956 to 1963 (BC Minfile 082ESE034).Prior drilling by Grizzly intersected up 17.15 g/t Au, 41.7 g/t Ag, along with, 0.56% Pb and 1.51% Zn over 1.5 m core length at one of the skarn targets north of the Motherlode Pit (Table 1).Skarn and sulphide rich mineralization, along with widespread hornfels and propylitic alteration have been intersected in most of the 2022 Motherlode North (22ML07 to 15) and the two (22MR01 & 02) Marguerite core holes (Figures 2 and 3).Brian Testo, President and CEO of Grizzly Discoveries, stated, \"Drilling continues to indicate expansion of a mineralized system. Future work has the potential to focus on higher grades and expand the overall strike length and depth of the polymetallic mineralization near a formerly producing mine.\"Figure 1: Exploration Targets 2022.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4488/160154_4625d2dab45699f9_002full.jpg Hole IDFrom mTo mLength mAu g/tAg g/tCu%Pb%Zn%11ML03*7.0026.0019.001.55911.120.0350.0690.303 includes11.0015.504.506.06915.130.0280.1960.66911ML04*8.9524.0015.050.4731.430.0200.0100.154 includes8.9515.006.050.9792.530.0340.0230.29611ML05*24.5053.00...