Grizzly Acquires More Permits for Alberta Diamond Project

Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF) announced that it has acquired further permits for its Alberta diamond project by staking 34,496 hectares of “highly prospective lands for diamond-bearing kimberlites.”

As quoted in the press release:

These additional claims add to the 57,529 hectares (142,157 acres) already held by the Company’s Alberta Diamond Project in the Buffalo Head Hills area. The Company’s Alberta Diamond Project hosts at least 7 kimberlites, to date 3 of which have been identified with microdiamonds.

Subsequent to staking the New Permits, the Company’s Alberta Diamond Project now covers 92,025 hectares (227,399 acres) of the Buffalo Head Hills kimberlite field, for which Grizzly has the exclusive rights to explore for metallic and industrial minerals. The Alberta Diamond Project permits are in good standing until dates ranging from late 2014 to 2027, subject to biannual assessment work. Grizzly has conducted exploration in the Buffalo Head Hills kimberlite field since 1997 completing numerous geophysical and heavy-mineral indicator surveys, and discovering three new diamondiferous kimberlite bodies in 2008 and 2009, bringing the total number of kimberlites within Grizzly’s Buffalo Head Hills kimberlite field-hosted Alberta Diamond Project to seven.

Click here to read the full Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GXDIF) press release.