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Grizzly Discoveries Inc
Symbol GZD
Shares Issued 86,486,714
Close 2020-09-15 C$ 0.065
Market Cap C$ 5,621,636
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Grizzly to begin drilling at Greenwood within 10 days

2020-09-15 11:01 ET - News Release

Mr. Brian Testo reports

GRIZZLY PREPARES GOLD DRILLING PROGRAM AT ITS KET 28 PROSPECT IN BRITISH COLUMBIA, CANADA

Grizzly Discoveries Inc. is initiating a greater-than-2,000-metre, greater-than-11-hole core drill program at the high-grade Ket 28 gold prospect, situated on its Greenwood property, located in an established, road-accessible and historic mining district in southeastern British Columbia. This program is the first phase of drilling at Ket 28, designed to further test the currently defined gold-mineralized zone, leading to the development of a maiden mineral resource estimate. The initial Ket 28 drill program is expected to cost approximately $500,000 and will be the primary focus of the phase 1 2020 exploration program.

As final preparation for phase 1 drilling at Ket 28, Grizzly engaged technical experts who completed archeological and wildlife studies in accordance with British Columbia legislation. Grizzly has contracted Full Force Diamond Drilling Ltd., which is mobilizing equipment and personnel to commence drilling within 10 days. Grizzly is finalizing drill collar locations and is undertaking consultation with local landowners, first nation groups and government officials in relation to the phase 1 drilling program.

Historic drilling at the Ket 28 prospect, located within the Rock Creek claim group of the Greenwood project, intersected high-grade gold, with 52.19 grams per tonne gold over 3.35 m core length. Drilling by Grizzly in 2009 and 2010 at the Ket 28 prospect, following up the historic drilling in the mid-1990s, returned up to 2.77 grams per tonne gold over 11 m core length and 8.75 grams per tonne gold over three m, with a higher-grade zone of 11.9 grams per tonne gold over two m core length.

Brian Testo, chief executive officer, commented: "We are excited to start our drill program and get back to developing our initial resource estimate of gold mineralization on our expansive Greenwood property. We expect drilling results will permit us to take advantage of the current favourable precious metal prices to further our exploration efforts in Southern British Columbia in 2020 and beyond."

About Grizzly Discoveries Inc.

Grizzly Discoveries is a diversified Canadian mineral exploration company focused on developing its over 156,000 acres of precious metal and base metal properties in southeastern British Columbia. Grizzly is run by a highly experienced management team with a record of advancing exploration projects from the early exploration stage through to the feasibility stage.

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

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