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Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) received a NI 43-101 technical report on its Greenwood Project, located in British Columbia. Based on exploration results to date, the Report recommended a phased follow-up exploration program within prioritized selected areas of the property. The Report will be filed on SEDAR within 45 days.
As quoted in the press release:
HIGHLIGHTS
The Company’s Greenwood Project covers over 90,000 hectares, and includes eight distinct Claim Groups hosting copper, gold and silver mineralization, together with other precious and base metals. Prior surface exploration has included extensive rock, stream and soil sampling together with extensive airborne and ground geophysical surveys across the Greenwood Project. The company has expended approximately $6.5 million on exploration with five separate drilling campaigns totalling 10,363 meters (“m”) in 58 diamond drill holes at a number of targets on the Greenwood Project. It is predicted that there is the potential for mineral resources in several areas of focus within the Greenwood Project.Based upon the results of exploration to date, the Report recommends a phased follow-up exploration program of work within prioritized selected areas of the Greenwood Project. The Report recommends a first phase work program of approximately $837,500 to drill approximately 11 diamond drill holes totalling 2,550 m to test the Dayton claim group, the Ket 28 prospect, and the Motherlode claim group, as well as surface fieldwork at the Mt Attwood claim group. The Report recommends follow up drilling and fieldwork in second and third phase exploration programs to expand upon results to be obtained in the previous phase, with costs for the second phase estimated at approximately $1.112 million, and $1.375 million for the third phase.
Click here to read the Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) press release
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