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Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) announced the discovery of a new bulk tonnage style low grade gold-copper zone at the Dayton area near the Mt. McKinney gold camp at its Greenwood Gold Project.
As quoted in the press release:
The new discovery highlights the excellent potential for the discovery of not only hydrothermal and skarn related gold-copper deposits, but bulk tonnage style, porphyry related gold copper deposits.
Dayton Gold-Copper Discovery – Greenwood Gold Project
Results have been received for the first hole in the 2011 program (11DA09) which has intersected a wide zone of bulk tonnage style, low grade gold-copper mineralization grading 0.25 grams per tonne (g/t) gold (Au) and 0.07% copper (Cu) over 117 meters (m) core length. This mineralized zone starts at surface immediately below the casing and is comprised of a higher grade zone of 0.43 g/t Au and 0.15% Cu over 51.0 m core length at the top of the interval. The Au-Cu mineralization is hosted in basalt with significant breccia zones comprised of basalt and feldspar porphyry clasts with silicification and up to 5% pyrite and minor chalcopyrite.Current Drilling Plans – Greenwood Gold Project
The drill has been moved to the Motherlode area and has commenced a 4 to 6 hole exploration program testing Au in soil and EM targets. Once the Motherlode drill program is completed, the drill will be moved to one or more targets at the Overlander and/or the Ket 28 areas to test Au in soil anomalies and/or EM targets. Drilling is expected to continue into early December with the plan to drill a total of between 4,000 and 5,000 m. The field work to date has resulted in the identification of new drill targets at the P2, P4 and B4-B5 target areas. Land use applications for drilling at these new target areas, as well as those for the Copper Mountain area, have been submitted to the Ministry of Energy and Mines in Cranbrook, British Columbia. Assay results are anticipated to arrive and be released between December and January.
Click here to read the Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) press release
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