Grizzly Discoveries (TSX.V-GZD) has completed its review of the Technical Report recently announced and has identified high priority drill targets at the Ket 28 prospect at the Greenwood Project, Greenwood, BC. The Company’s exploration program will focus on the Ket 28 prospect were the gold mineralization is open along strike and to depth and requires further drill testing. The proposed 1,250 m drill program will target the gold-prospective zone in the central portion of the Ket 28 prospect, with the intention of developing a maiden mineral resource estimate. The initial program is expected to cost approximately $350,000 and is subject to financing.
The Company has engaged Mr. Stephen Smart, an individual residing in Brazil, for a two year term and provided an option package to acquire up to 500,000 common shares of the Company at an exercise price of $0.10 per share. Mr. Smart is a corporate finance consultant whose primary business involves introducing clients to investment opportunities.