Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) provided the following updates on continuing exploration activities at its Greenwood gold project, its Alberta potash project, and its 50%-owned Provost property.
As quoted in the press release:
The Stage 1 field-based exploration program which began in May 2011 continues to progress. The program consists of extensive ground geophysical and sampling surveys. To date, approximately 7,000 soil samples and 500 rock grab samples have been collected and shipped to ALS Chemex in Vancouver, British Columbia. More than 200 line-km of ground electromagnetic (EM) surveys, and more than 120 line-km of ground magnetic surveys have also been completed. The work has resulted in the identification of several new drill targets in different areas of the property.
Drilling commenced in early October at the Dayton Prospect targeting IP chargeability EM anomalies identified by the 2011 IP survey. The first two holes tested two separate IP EM anomalies, one 200 m x 300 m and the second roughly 150 m by 200 m. Each hole intersected significant thicknesses (greater than 50 m of core length) of brecciated volcanics, volcaniclastics and sediments with intervals of silicification, quartz vein stockworks and associated sulphides.
Grizzly President , Brian Testo said:
“we are excited about the size and intensity of the sulphidized breccia zones visible in the new Dayton drill core and the potential to significantly improve the known gold-copper mineralization intersected in 2010. We have prioritized the zones of interest for logging and sampling so that we can get the samples into the lab for rush analyses”.