Grizzly $GZD $GZDIF Closes 1st Tranche of Private Placement of Units

Grizzly Discoveries (TSX.V-GZD) (OTCBB-GZDIF) has closed the first tranche of their private placement issuing 2,794,680 units at a price of $0.05 per unit for gross proceeds of $139,734. Each unit consists of one common share and one non-transferable warrant. Each warrant entitles the holder to acquire one additional shares at an exercise price of $0.075 per share.

Grizzly_72dpi

200,000 of the 2,794,680 units sold were purchased by insiders of the Company. No commissions or finders fees were paid. The proceeds will be used for general working capital.

#Kinross’ KG Exploration Completes 2015 Work Program, Submits Plans for 2016 Exploration on 75% Option from #Grizzly $GZD $GZDIF on #Greenwood Property, #BC

Grizzly_72dpi#Kinross has completed its 2015 work program on the 131 claims that form a  contiguous package totalling approximately 27,345 ha, representing one third of Grizzly’s land at Greenwood. Kinross can earn a 75% interest on optioned land by incurring US$3 million in exploration expenditures over a five year period.

Five target area were selected – Attwood-Overlander, March Creek, Kerr Creek, Bruce Creek and Midway – to assess and prioritize targets on the land package for further work in 2016. Kinross uncovered previously unrecognized epithermal quartz veining and precious metal mineralization at the Attwood-Overlander area. Rock grab samples from the exposed epithermal veins that range from 0.75 to 2 m in width returned up to 29.8 g/t gold. This is considered a high priority for follow-up exploration in 2016.

Rock and soil sampling at March Creek, Bruce Creek and Kerr Creek have returned anomalous precious metals and epithermal indicators and warrant follow-up exploration in 2016. The geochemical results at the Midway Target may indicate the presence of an epithermal overprint and further exploration is recommended for 2016.

Kinross has indicated that the initial objective for the 2016 program will be to continue to evaluate the potential of the various target areas, working up specific targets to move forward using detailed mapping along with geologic and deposit models as a guide as well as many of the regional data sets already completed by Grizzly to move certain targets to a drill testing stage, potentially in 2016. Many of the target areas on the property are currently at the generative stage, with only a few geophysical and/or geochemical based targets having been drilled by Grizzly to date.

Grizzly Discoveries’ COO Ian Lambert Speaks with ABN Newswire at PDAC 2015 in Toronto

Grizzly Discoveries Inc. (TSX-V: GZD; OTCQX: GZDIF; Frankfurt: G6H) is pleased to provide a link to an interview with COO Ian Lambert conducted by ABN Newswire at PDAC 2015 in Toronto.

Click here to view the video:  COO Ian Lambert Speaks with ABN Newswire

Grizzly continues to pursue joint ventures, property options, and financing opportunities, to be positioned to take advantage of the inevitable recovery of the natural resources sector.

Nancy

 

PDAC 2015 in Toronto Canada

Although the attendance was down from last year’s PDAC, the quality of companies exhibiting and the attendees were of significance. Grizzly Discoveries (TSX.V-GZD) has three assets and all three were of interest to investors. Representatives from numerous mid-tier to major mining companies were inquiring about the gold/copper/silver BC properties given the politically stable jurisdiction and historical mining and mining friendly area.

I find that even though we are in a down-turned market, it is always of benefit to exhibit and/or be present at the PDAC. You just never know what will come from who you meet there.

Nancy at Grizzly Booth

Nancy

Grizzly “GZD” Shareholders Elect New Director and Provides Update on Memorandum of Understanding

Grizzly Discoveries Inc. (TSX-V: GZD; OTCQX: GZDIF) is pleased to announce that shareholders of the Company have elected Mr. Ray Wytinck of Manitoba as a Director of the Company at its annual general and special meeting of shareholders held on June 2, 2014. Joining re-elected incumbent Directors Messrs. Brian Testo, Doug Turnbull, Sam Pillersdorf, and Fraser Atkinson, Mr. Wytinck brings expertise related to the agriculture support industry in Canada. Mr. Ben Hubert, originally appointed as a Director of the Company in December of 2009, chose not to stand for re-election as a Director. Management and the Board of Directors thank Mr. Hubert for his contributions to the Company since 2009 and have asked Mr. Hubert to remain available as an advisor to the Board.

Mr. Wytinck holds a Master’s of Science degree from the University of Manitoba and has been active in the Agri-business sector for over 25 years. Mr. Wytinck has been involved in various capacities in the Agri-business sector, primarily related to merchandising of seed and fertilizer products through wholesale and retail channels. Mr. Wytinck brings practical insight into the fertilizer business, and has expressed enthusiasm towards advancing the Company’s Alberta Potash Project.

UPDATE ON MEMORANDUM OF UNDERSTANDING ANNOUNCED ON MARCH 11

 

On March 11, 2014, the Company announced that it had entered into a memorandum of understanding (“MOU”) with an unrelated third party (the “Interested Party”) as an initial step towards a proposed $15 Million investment by the Interested Party to advance the Company’s Alberta Potash Project. (See the Company’s news release dated March 11, 2014.) Subsequent to entering the MOU, the Company provided, under a confidentiality agreement, all data and information that it has pertaining to the project.

The Interested Party has not yet indicated its intentions with regard to negotiating a final agreement as contemplated by the MOU, but have advised that they continue to evaluate the project. The Company remains optimistic that the Interested Party will recognize the merits of the Alberta Potash Project. “We believe that the Alberta Potash Project, while still early stage and somewhat unproven, has enormous potential for a sizeable and economic extractable potash deposit,” said Brian Testo, “and our potential investors are being diligent and cautious in their assessment of the project, as they should be. While we trust that they will recognize the same potential for the project as we do, we are going to ensure that the Company has alternative means of advancing the Alberta Potash Project in the case that they decide not to continue. The addition of Ray Wytinck to the Board will give the Company direct access to the marketers and consumers of the final product of potash production, which may lead to new and innovative opportunities to advance our Alberta Potash Project.”

The Company will provide updates on the status of the MOU and negotiations with the Interested Party.

You can view the complete news release at: http://grizzlydiscoveries.com/index.php/investor-relations/news/79-grizzly-shareholders-elect-new-director-and-provides-update-on-memorandum-of-understanding

Nancy

Junior Mining Firm Dreaming of Alberta Potash Industry-Grizzly Discoveries

“My dream is that we hit potash and we get a new industry for Alberta, we make our shareholders a ton of money, we create jobs, create wealth for people, and feed the world.” Brian (Griz) Testo said in an interview with the Edmonton Journal

Griz March 2014

Link to entire article.

Grizzly Discoveries “GZD” Enters Into Memorandum of Understanding on Alberta Potash Project

Grizzly_72dpiGrizzly Discoveries TSX.V-GZD entered into a memorandum of understanding (“MOU”) with an unrelated third party as an initial step towards a proposed $15Million investment by the Interested Party to advance the Company’s Alberta Potash Project. The Interested Party will review all data and information pertaining to the Alberta Potash Project, with particular focus on the North Block near Lloydminster, Alberta. The MOU contemplates that, subject to the Interested Party’s satisfactory due diligence on the Alberta Potash Project data, the Company and the Interested Party would pursue negotiations leading to a final agreement whereby the Interested Party would invest up to $15 Million in cash to fund an exploration drill program to test the Alberta Potash Project’s North Block.

www.grizzlydiscoveries.com

Nancy

Grizzly CVE:GZD Continues Re-Evaluation of Copper Porphyry at Greenwood: Sappho Prospect

Grizzly Discoveries CVE:GZD has now reinterpreted 2010 drill results from the Sappho prospect by incorporating coincident gold, silver, and platinum group elements (“PGE”) with copper intersected in our drillholes.  This reinterpretation has returned results which are favourable to a copper porphyry deposit model at the Sappho prospect, with assay results yielding a wide anomalous interval of 0.28% CuEq over 93.5 m core length including a higher grade zone of 0.38 % CuEq over 63.5 m core length.

Three well documented surface copper occurrences in the northeastern portion of the complex yielded numerous high grade selective grab sample results including up to 8.28% copper (“Cu”) 298 grams per tonne (“g/t”) silver (“Ag”), 2.2 g/t gold (“Au”), 27.1 g/t Platinum (“Pt”) and 2.57 g/t palladium (“Pd”). All three occurrences yielded multi gram Pt and Pd values.  The Sappho prospect is unusual relative to most British Columbia platinum group elements-bearing alkaline intrusive complexes, in that it contains Pt concentrations greater than Pd and Au.  As reported in the Technical Report, government geologists have conducted extensive geochemical and mineralogical work on the Sappho alkaline complex and associated Cu-Ag-PGE-Au mineralization and, based upon textural and geochemical evidence, suggest that the mineralization is late magmatic or magmatic-hydrothermal in origin and bares mineralogical traits most common in alkaline porphyry style associated metals.

Link to full news release: http://grizzlydiscoveries.com/index.php/investor-relations/news/76-grizzly-continues-re-evaluation-of-copper-porphyry-potential-at-greenwood-sappho-prospect-assays-yielded-0-28-cueq-over-93-5-metres-including-0-38-cueq-over-63-5-metres

Nancy Massicotte

 

Grizzly CVE:GZD Re-Evaluates Copper Porphyry Potential at Dayton Prospect

Grizzly Discoveries CVE:GZD has been focussed on target selection at its approximately 90,000 ha Greenwood Property, with a goal of discovering deposits with near-term resource-definition potential.  In addition to the selection of the Ket 28 as a high priority high grade gold target, as previously announced (see the Company’s news releases dated October 10, 2013 and November 26, 2013), the Company has re-evaluated results from exploration conducted in 2009 through 2011 at the Greenwood Property’s Dayton prospect.  The Company has concluded, based upon a reinterpretation of the geology and a determination of copper-equivalency* (“CuEq”) values by incorporating coincident gold and silver values with the copper intersected in previous drill holes, that the Dayton prospect is a high priority copper-gold porphyry target.  Drilling conducted at the Dayton Prospect in 2010 and 2011 indicated values greater than 0.12% CuEq over core lengths between 50 to 135 metres (“m”), with a number of shorter intervals in several of the drill holes yielding up to and greater than 0.40% CuEq.

Link to full news release: http://grizzlydiscoveries.com/index.php/investor-relations/news/75-grizzly-re-evaluates-copper-porphyry-potential-at-dayton-prospect-with-assays-yielding-0-19-cueq-over-117-metres-and-0-39-cueq-over-51-metres

Nancy Massicotte

Grizzly Discoveries (TSX.V-GZD) Selects Targets at Greenwood BC Project and Engages IR Consultant

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.

Nancy