Grizzly Discoveries Reports Final Results for Greenwood Spring Drilling Program

Grizzly Discoveries Inc. (TSXV:GZD,OTCQX:GZDIF,FWB:G6H) announced the final results for the spring drilling program on its 100% owned Greenwood Gold Project on Greenwood, British Columbia.

As quoted in the press release:

At the P5 target area, selected rock grab sampling yielded up to 7.3 g/t Au. Soil sampling yielded a total of 13 soil samples with greater than 50 ppb Au up to a maximum of 789 ppb Au. A discreet HLEM conductivity and IP chargeability anomaly associated with the gold in rock and soil sample anomalies was the focus of the 2012 spring drilling program. Two holes tested the anomaly and yielded the intersection of basalt, feldspar porphyry and long intersections of serpentinized ultramafic. Gold was found associated with pyrite bearing quartz veins in the basalt and ultramafic with a highest assay of 3.54 g/t over 1.5 m in hole 12GCE01 (Table 1). The ultramafic in hole 12GCE01 also yielded a long intersection of highly anomalous nickel with 0.18% Ni over 99.13 m (Table 1). The Company intends to conduct further drilling in the vicinity of the P5 target subject to financing.

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