Grizzly Discoveries Inc. (CVE:GZD) reports an update for its Greenwood gold project.
The press release is quoted as saying:
The Company’s exploration efforts to date on the Project have largely focused on its gold potential. However, given the recent price increases in silver and the evidence of historic production within the Project area, the Company plans to conduct an extensive evaluation of its land holdings for silver potential. The historic Phoenix Mine, situated approximately 1.5 kilometres from the Company’s mineral claim holdings, produced more than 1 million ounces of gold and 6 million ounces of silver.