Grizzly Discoveries Inc.(TSXV:GZD) announced the latest assay results from its 2011 exploration project at its Greenwood Gold Project, BC. The results reported a new gold-silver zone in the Motherlode area of the project. The Company received drill results from 6 holes which revealed a new gold discovery. Grizzly plan to follow up the latest discovery with further drilling planned to commence at the end of January 2012.

As quoted in the press release:

North of the historic Motherlode mine, drilling of a coincident magnetic and electromagnetic anomaly has yielded a new gold discovery with the intersection of 1.56 grams per tonne (g/t) gold (Au) and 11.12 g/t silver (Ag) across 19.0 m core length with a high grade zone of 17.15 g/t Au and 41.7 g/t Ag, 0.56% lead (Pb) and 1.51% zinc (Zn) across 1.5 m core length in hole 11ML03 (see Table 1). Drillhole 11ML05, collared 40 m northeast of 11ML03, yielded similar results, with 1.64 g/t Au and 3.15 g/t Ag across 14.85 m core length with a higher grade zone of 6.79 g/t Au and 11.1 g/t Ag and 1.04% Zn across 1.5 m. Hole 11ML04, drilled beneath 11ML03, yielded 0.51 g/t Au and 1.02 g/t Ag over 13.5 m core length with a higher grade zone of 3.43 g/t Au, 2.90 g/t Ag and 0.8% Zn over 1.5 m core length.

Click here to read the Grizzly Discoveries Inc. (TSXV:GZD) press release
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