The Conversation (0)
Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) reported that through May 31, 2012, the Company has spent approximately $1.7 million in exploration on its potash and gold properties during 2012, and other updates.
Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) reported that through May 31, 2012, the Company has spent approximately $1.7 million in exploration on its potash and gold properties during 2012, and other updates.
Potash Exploration
South Medicine Hat Block (100% ownership)
Grizzly expects to conduct further drilling of 1 or 2 holes in the South Medicine Hat Block during the 3rd or 4th quarter of 2012.
North Lloydminster Block (100% ownership)
The Company intends to conduct a drilling program consisting of 1 to 2 drill holes in the North Lloydminster Block during the 3rd or 4th quarter of 2012.
Alberta Potash Project, Provost Property (50% ownership)
The first well of the Grizzly – Pacific 50:50 property was completed in mid-November 2011. The well yielded a wide, low grade potash zone with two higher grade zones within including up to 6.58% K2O (10.41% KCl) over 0.75 (2.46 ft). Further drilling on the Grizzly – Pacific 50:50 property is being considered for the 3rd or 4th quarter of 2012.
Gold Exploration
A diamond drilling program comprised of a total of 1,336 m in 4 holes was completed mid May, 2012 in the Mount Attwood area east of Greenwood. The results of the drilling program are pending and expected during June.
Click here to read the Grizzly Discoveries (TSXV:GZD) press release
Click here to see the Grizzly Discoveries (TSXV:GZD) profile.