08:58:05 EDT Fri 19 Apr 2024
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Grizzly Discoveries Inc
Symbol GZD
Shares Issued 62,092,909
Close 2018-09-24 C$ 0.115
Market Cap C$ 7,140,685
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Grizzly Discoveries appoints Price as director

2018-09-25 10:45 ET - News Release

Mr. Brian Testo reports

GRIZZLY APPOINTS JO PRICE TO THE BOARD OF DIRECTORS AND UPDATES GREENWOOD DRILLING AND ROBOCOP EXPLORATION ACTIVITIES

Grizzly Discoveries Inc.'s board of directors has appointed Jo Price, MSc, MBA, PGeo, as a director to serve until the company's next annual general meeting.

Grizzly is also pleased to announce that Kinross Gold's wholly owned subsidiary, KG Exploration (Canada) Inc., has informed Grizzly that they have completed the drill program within the Greenwood project, located near Greenwood in Southern British Columbia, as announced on July 26, 2018.

In addition, the company has begun exploration activities at its recently acquired Robocop property by mobilization of a field crew in advance of an airborne geological survey.

Ms. Price appointed to board of directors

On Sept. 24, 2018, the company's board of directors appointed Ms. Price, MSc, MBA, PGeo, as an interim appointment to the board of directors. Ms. Price is an independent geological consultant to a number of junior mining and exploration companies with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, polymetallic, and graphite projects in the United States, Australia and Canada. Ms. Price has a bachelor of science in geology (1995) from the University of Wales, College of Cardiff, and a master of science in geology (1997) from Dalhousie University in Halifax. Ms. Price is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC). During her career, Ms. Price has managed multimillion-dollar exploration programs overseeing technical direction, budgets and operations. She has extensive experience in field operations, drill programs, technical database administration, land management, community relations and exploration permitting in multiple jurisdictions. Ms. Price currently serves as vice-president of exploration for K2 Gold Corp.

Brian Testo, president, chief executive officer and chairman of the board, states, "Jo's experience and skill sets will make her an excellent addition to Grizzly's board and we are very excited to have her on our team."

Greenwood

Kinross undertook a planned 1,200-metre drill program at the Midway area during July, 2018, and August, 2018, to continue the proof-of-concept drilling at the Midway epithermal target intersected in 2017. Proof-of-concept drilling in 2017 intersected silicification, alteration, anomalous geochemistry and minor quartz veining in two out of three holes along strike, warranting further follow-up exploration. Further details of the results will be provided from Kinross once logging, sampling and assaying are completed.

The portions of the Greenwood project being explored by Kinross, 100 per cent owned by Grizzly Discoveries, include 131 claims that form a contiguous package totalling approximately 27,346 hectares, representing approximately one-third of Grizzly's landholdings at Greenwood. Kinross can earn a 75-per-cent interest on the optioned land pursuant to an option agreement dated September, 2015, by incurring $3-million (U.S.) in exploration expenditures no later than Sept. 23, 2020.

Robocop

Grizzly mobilized a field crew to the 100-per-cent-owned Robocop cobalt-copper-silver (Co-Cu-Ag) project near Roosville in southeast B.C., as announced on Aug. 13, 2018. The field crew, provided by APEX Geoscience Ltd., conducted and has completed a two-week surface exploration program in advance of a follow-up airborne geophysical survey. Results for the fieldwork are pending.

The Robocop claims comprise 9,891 acres and are located in southeast B.C., approximately 45 kilometres south of Fernie and 70 km southeast of Cranbrook, immediately north of the Canada/United States border. The property is located east of Grizzly's Greenwood property in southeastern British Columbia.

Grizzly has submitted three notices of work programs to the B.C. Ministry of Energy, Mines & Petroleum Resources. The planned programs cover planned exploration, including planned drilling, at the Ket 28 -- Dayton and Motherlode target areas in the Greenwood project area on lands not under option to Kinross. The third NOW program will cover potential cobalt-copper-silver (Co-Cu-Ag) drill targets at the company's 100-per-cent-owned Robocop project to be tested this fall or next spring after completion of an airborne survey and surface exploration activities planned during August, 2018, and September, 2018.

About Grizzly Discoveries Inc.

Grizzly is a diversified Canadian mineral exploration company focused on its precious metal properties in southeastern British Columbia and on developing significant potash assets in Alberta. The company holds, or has an interest in, over 189,000 acres of precious metal/base metal and cobalt-copper properties in British Columbia, along with metallic and industrial mineral permits for potash totalling more than 60,000 acres along the Alberta-Saskatchewan border; and more than 161,000 acres of properties that host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta.

The content of this news release and the company's technical disclosure has been reviewed and approved by Michael B. Dufresne, MSc, PGeol, who is the qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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