Grizzly Discoveries Inc. (CVE:GZD) reports that it has acquired more land and gives an update on Aberta potash project.
The press release is quoted as saying:
In a separate recent transaction, Grizzly in conjunction with Pacific Canada Potash Ltd. (Pacific), a separate arms length company, have staked an additional 458,000 acres in 21 MAIM permit applications centered on the town of Provost along the Alberta – Saskatchewan border. This brings Grizzly’s total MAIM permit land holdings for potash to more than 2.34 million acres. The Company’s potash property is road accessible year round.
Grizzly Dicoveries’ President and CEO, Brian Testo says:
“we are excited and encouraged that the Company’s Potash Project has the potential for economic concentrations of Potash, in an industry friendly province such as Alberta, where the tax regime and royalty structure is far more favorable than other locations within Canada. This economic environment combined with the immense size of the project (2.34 million acres) and indications of historic potash mineralization at depths favorable for solution mining bode very well for the future of this project. The company intends to aggressively explore this project given its belief that agricultural products and foodstuffs could experience significant increased demand and growth over the next several years.