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Grizzly Discoveries Inc.
Summary
| Project: | Greenwood | |
|---|---|---|
| Deposit: | Greenwood | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-2-2019: Grizzly Discoveries Inc. announces an Exploration/Drilling Update report for its Greenwood deposit at the Greenwood project. JV with Kinross Gold - drill results incl. 1.0m @ 0.25g/t Au, 7.93g/t Ag. EDMONTON, ALBERTA – February 25, 2019 -- Griz | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael B. Dufresne (Not stated) | |
| ABSTRACT: | EDMONTON, ALBERTA – February 25, 2019 -- Grizzly Discoveries Inc. (TSX-V: GZD; Frankfurt: G6H; OTCQB: GZDIF) ("Grizzly" or the "Company") announces that it has been advised by Kinross Gold Corporation’s wholly owned subsidiary, KG Exploration (Canada) Inc. (“Kinross”) that it has completed its 2018 work program on the Grizzly Greenwood property, located near Greenwood in southern B.C. The 2018 work program, through drilling, has confirmed the presence of extensive epithermal alteration at the Midway target area. Kinross is planning further exploration within the Greenwood option area for 2019. Current plans and budget are in planning are still to be confirmed. The portions of Grizzly’s Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia, by incurring US$3 million in exploration expenditures over a 5 year period. KG Exploration (Canada) Inc. has incurred approximately CDN$1,280,500 in exploration expenditures to date. | |
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