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Grizzly Discoveries Inc. (TSXVE:GZD,OTCQX:GZDIF,FWB:G6H) announced completion of a potash test well on the Alberta Potash Project in Medicine Hat, Alberta, and drill results from the Dayton Gold-Copper Discovery – Greenwood Gold Project.
As quoted in the press release:
Current Exploration Status – Alberta Potash Project
A drill rig was mobilized on November 28 to well site 8-36-19-1W4 in southeast Alberta to complete a potash test well on the South Block of the Company’s 100% owned Alberta Potash Project near Medicine Hat, Alberta. The test well was completed and the drill rig was released on December 12, 2011. Coring commenced at 1,642 metres (“m”) below surface and visible potash minerals were observed in the drill core for the interval between 1,650.1 m and 1,655.7 m below surface. Geochemical results are expected to be released in the latter half of January, 2012.Dayton Gold-Copper Discovery – Greenwood Gold Project
The Company has received and released results for the first two holes, 11DA09 and 11DA10 (see the Company’s news release dated December 6, 2011) at the Dayton target area, which resulted in the discovery of new low grade bulk tonnage style gold-copper mineralization in the area. The Company is awaiting assay results for the remaining four holes, which are expected over the next two weeks.
Grizzly President, Brian Testo, said:
“we are extremely excited about intersecting visible potash minerals in our first potash test well on our 100% owned Alberta Potash Project and are eagerly anticipating laboratory assay results expected in January to confirm this. We are also very excited about the new discovery of low grade bulk tonnage style gold-copper mineralization intersected at two targets at the Dayton area and the potential to expand and improve upon previously identified mineralization”.
Click here to read the Grizzly Discoveries Inc. (TSXVE:GZD) press release
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