Grizzly (TSX.V-GZD) (OTCQX-GZDIF) announced the discovery of a new bulk tonnage style low grade gold-copper zone at the Dayton area near the Mt. McKinney gold camp at its Greenwood Gold Project. The new discovery highlights the excellent potential for the discovery of not only hydrothermal and skarn related gold-copper deposits, but bulk tonnage style, porphyry related gold-copper deposits.
Results from the first hole in the 2011 program has yielded mineralization grading 0.25 g/t gold and 0.07% copper over 117 metres core length. A higher grade zone of 0.43 g/t Au and 0.15% Cu over 51 m exists at the top of the zone. Drilling wrapped up at the Dayton area mid November and results for holes 11DA10 to 11DA14 are pending and expected soon.