Metanor Resources $MTO $MEAOF Publishes Results on Moroy Property Exploration

Metanor $MTO $MEAOF has been conducting two exploration programs and exploration drilling from surface on the Moroy property located near 1 km south of the Bachelor mine.

A drill campaign during the summer of 2015 identified an important gold structure on the Moroy property and confirmed the value of the geophysical surveys on the mineralisation type.

In parallel to the drilling campaign, a geophysical survey was conducted at depth in previously drilled hole on the Moroy property. This induced polarisation survey detected the presence of four conducting anomalies. One of the anomalies is located on the extension at depth of the gold structure and because of the high intensity in this anomaly, this is where the next exploration drilling is planned.

See full news release for diagrams and table of results:


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


Metanor MTO.V Produced 3,425 Ounces of Gold During the Month of January

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Metanor Resources (TSX.V-MTO) produced 3,425 ounces of gold during the month of January, 2015.

A total of 21,413 tonnes of ore, at a feed grade of 5.18 g/t were processed during the month with a 96.1% recovery rate.

Metanor MTO.V Reports Financials for Q4 and Year Ended June 30, 2014

Metanor Resources TSX.V-MTO released its financial results for the quarter and year ended June 30, 2014. Below are Q4 2014 Highlights:


Q4 2014 Highlights
* Gold sales of 12,468 ounces on gold production of 13,083 ounces.
* Total of $16,523,725 in revenues from gold sales.
* Net Income of $ 1,078,441 for the quarter.
* Milled 61,905 tonnes of ore at a feed grade of 6.8 g/T and a recovery of 96.9%.
*Cash Cost of $873 per ounce sold in Q4 (US$786/oz at an exchange rate of US$0.90/CA$1.00).
* Sustaining cost of CND$1,051 per ounce sold (US$946/oz using an exchange rate of US$0.90/CND$1.00).
* All-In cost of $1,123 per ounce sold in Q4 (US$ 1,010/oz at an exchange rate of US$0.90/CA$1.00).

Full-Year 2014 Highlights
*  Total of $38,488,620 in revenues from gold sales.
*  Net loss of $2,875,391 for the year.
* Cash Cost of $908 per ounce sold(US$817/oz at an exchange rate of US$0.90/CA$1.00).
* Sustaining cost of CND$1,071 per ounce sold (US$964/oz using an exchange rate of US$0.90/CND$1.00).
* All-In cost of $1,195 per ounce sold (US$ 1,076/oz at an exchange rate of US$0.90/CA$1.00).

Go to for full news release on financial reporting for this period.

Metanor continues to develop new drifts to the west at the Bachelor Mine and will continue the diamond drilling in the coming months to eventually add new resources and reserves.

Falcon Gold FG.V Updates 2014 Activities and Outlines Work Programs for Nevada and Washington Properties

Falcon finalized the New York Canyon Nevada copper project agreement and completed all required payments pursuant to the transaction in August and closed the final tranche of an over-subscribed $706,000 financing.

To date, 188 drill holes totaling approximately 128,000 feet have been completed on the New York Canyon copper property. Much of the historical drill core and cuttings are well preserved and stored on the property.

In 1977, Conoco reported an estimated (non-compliant) resource of 142 million tons of 0.35% Cu and 0.015% Mo, based on 107 drill holes totaling approximately 98,433 feet. Results from a Conoco drill hole, (MN-42) completed in 1977 on the Copper Queen zone, returned assays over a length of 1,040 feet (317 m) that averaged 0.41% Cu, 0.012% Mo and 4 ppm Ag. This “sulphide” zone represents a significant porphyry-style target.


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.

Metanor “MTO” Produces 4,028 oz Gold in January/4,234 oz Gold in February

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Metanor Resources (TSX.V-MTO) produced 4,234 ounces of gold during the month of February at its Bachelor Mine. A total of 18,612 tonnes of ore at a feed grade of 7.31 g/t was processed with a 96.8% recovery rate. The Company announced production of 4,028 ounces of gold during the month of January from a total of 21,407 tonnes of ore at a feed grade of 6.06 g/t with a 96.6% recovery.

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:

Nancy Massicotte

Lawrence Roulston Initiates Coverage on Metanor (CVE:MTO)

Lawrence Roulston initiated coverage on Metanor Resources (CVE: MTO) on February 3rd, 2014.

Quote: “The ultimate potential from the Bachelor Lake mine is much larger, as the company continues to explore that deposit, located in a highly prolific gold producing region.”

Quote: “Time will tell if Metanor is to be taken over by another company, or if it will become the acquirer. Either way, there is big upside potential for shareholders.”

Link to full article by Lawrence:

Nancy Massicotte

Recap of San Francisco Investment Conference Nov 25 & 26 2013-Grizzly Discoveries

Grizzly Discoveries’ COO, Ian Lambert, recently visited the San Francisco Metals and Minerals Conference, attended by many experts in the natural resources sector, held on November 25th and 26th. Conference attendees seemed to express a general consensus that we must be very near the bottom in gold prices and resource shares, while also confessing uncertainty regarding exactly when prices will rebound.


It is certain that the industry players at the Conference believed that, for an investor, a commitment to this sector (“stay the course”) will reap rewards over the next few years.  Click here for a piece written by Dudley Pierce Baker that sums up this sentiment.   


What is important to the experts, as outlined by Mr. Baker, is a focus of attention on companies with strong management with significant share positions, good properties, cash in the bank, and operating in safe mining environments with little or no geopolitical risk.


This should inspire a sense of confidence in Grizzly Discoveries Inc., as the features of the Company coincide with what it takes to survive a devastated junior resource market. Management and insiders own over 23% of the shares outstanding, with the President, Brian (“Griz”) Testo, holding over 8 M shares, having invested more than $2 million personally. The Company has over $500,000 in the treasury with minimal monthly overhead and a committed management team to stay the course.


Grizzly holds a significant mineral claim position in the Greenwood Gold District near Greenwood, British Columbia, which the Company has assessed as highly prospective for the potential to define and develop one or more  precious metals resources.  The Greenwood properties lie in an extremely politically stable mining community having strong interests in continuing to explore and develop assets in the ground.  Historic mining in the area has produced more than six million ounces of gold. The Motherlode underground and open pit mine historically produced close to 175,000 ounces of gold, 700,000 ounces of silver and 77 million pounds of copper.  


Kinross’ Buckhorn mine, just on the other side of the BC/Washington border from Grizzly’s Greenwood properties, boasts a 1.2 million ounce gold resource, and Midway’s Golden Eagle mine, located 40 km from Grizzly’s properties, has a 2+ million ounce gold resource. More than nine million ounces of gold have been produced or is an insitu resource, in a radius of less than 70 km from the Company’s claims.


The Company also holds almost one million acres of metallic and industrial mineral permits in eastern Alberta along the Saskatchewan border, which the Company has determined as being prospective for a potential potash resource.  The long term forecasted demand for fertilizer, in particular potash, makes this land position important for longer term development.  With historic drilling showing high grade potash zones underlying the Company’s property, the opportunity for diversification for Grizzly is excellent.


For Grizzly Discoveries, nothing has changed in the fundamentals.  Their focus to explore, discover and develop a gold/copper/silver resource in their vast 225,000 acre contiguous Greenwood properties, together with the potential opportunity to discover and develop a large potash resource, makes the Company a strong candidate for recovery when the bull markets finally do return to the natural resources sector.  This is the perfect opportunity to add Grizzly Discoveries Inc. to your portfolio in anticipation of the inevitable recovery.



Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 48.7 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds, or has an interest in: metallic and industrial mineral permits for potash totaling more than 900,000 acres along the Alberta-Saskatchewan border; over 235,000 acres of precious-base metal properties in British Columbia; and more than 150,000 acres in properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.