EDMONTON, ALBERTA – March 2, 2018 — Grizzly Discoveries Inc. (TSX-V: GZD; Frankfurt: G6H) (“Grizzly” or the “Company”)is pleased to announce that it has been advised by Kinross Gold Corporation’s wholly owned subsidiary, KG Exploration (Canada) Inc. (“Kinross”) that Kinross has completed its 2017 work program on the Grizzly Greenwood property, located near Greenwood in southern B.C. The 2017 work program has confirmed, with drilling, the presence of precious metal mineralization at the Midway and Mt Attwood-Overlander target areas.
Executives of Grizzly will be attending the PDAC 2018 International Convention, Trade Show & Investors Exchange at the Metro Toronto Convention Centre on March 4 through March 7, 2018 and can be found at Booth 3020 in the Investors Exchange Exhibit space.
Highlights of the 2017 Kinross Exploration Program
The 2017 exploration program focused primarily on core drilling at the Midway and Mt Attwood-Overlander target areas. In addition, surface sampling and geologic mapping were carried out at the Midway, Attwood West and Mt. Attwood – Overlander target areas. A total of 1,129 m of core drilling was completed in 7 holes, with 3 holes at the Midway target area and 4 holes at the Mt Attwood – Overlander target area. Kinross completed approximately CA$401,523 worth of exploration during 2017 and are planning a follow up program for 2018.
Drilling at Midway yielded anomalous gold including up to 9.7 grams per tonne (g/t) gold (Au) over 0.8 m core length from a narrow massive sulphide zone. Both skarn and epithermal indicators were intersected at Midway both with occasional low-grade gold. Kinross has indicated that further drilling is warranted at Midway to follow up untested alteration and mineralization.
Drilling at Mt Attwood – Overlander targeted two veins and intersected 2.87 g/t Au over 1.0 m core length in a drusy quartz vein in hole 1. A surface grab sample collected during 2016 from the same vein returned 16.85 g/t Au. Kinross has indicated that further work is recommended for the Mt Attwood-Overlander area proximal to the stream silt geochemical anomalies discovered during the 2016 exploration program. Kinross has not recommended any further drilling at Mt Attwood – Overlander in 2018 due to the narrow intersections of veins intersected to date, even though several gold-bearing quartz veins remain un-tested.
The portion of Grizzly’s Greenwood Project explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia, by incurring US$3 million in exploration expenditures over a 5 year period. By the second anniversary of the agreement, Kinross completed the initial 750 metres of diamond drilling and US$750,000 in expenditures required as at September 23, 2017.
Planned 2018 Kinross Exploration Program
Kinross will continue exploration efforts in 2018 with additional drilling planned at Midway, follow up work in the Mt. Attwood-Overlander area, and continue regional evaluation and prospect/target generation.
Brian Testo, President and CEO of Grizzly, stated “We are excited that Kinross has intersected skarn mineralization at the Midway Target. Skarn is the host to the Buckhorn gold mineralization that Kinross has concluded mining on in the Republic area south of the border. We look forward to further drilling by Kinross during 2018 at Midway.”
Changes in Management – Board of Directors and Advisory Committee
Pursuant to the Company’s AGM held on February 6, 2018, the Company’s Board of Directors consists of three incumbent Directors: Brian Testo (President & CEO), Sam Pillersdorf, and Ray Wytinck. Mr. Doug Turnbull and Mr. Fraser Atkinson opted not to stand for re-election to the Company’s Board at the AGM, however both have been retained by the Board as Advisers, joining Mr. Gregory Aharonian who was appointed as an Advisor on January 12, 2018. Brian Testo, President and CEO of Grizzly, stated “we want to thank Doug, one of the founding Directors of Grizzly, and Fraser for their service as Directors to Grizzly, and look forward to continuing to work with both of them in this new advisory capacity.”
Vancouver, B.C. – February 22, 2018: Pistol Bay Mining Inc. (TSX-V – PST; Frankfurt – OQS2) (“Pistol Bay” or the “Company’) is pleased to announce that it is currently soliciting and reviewing bids from drilling contractors for the rights to drill the Company’s Confederation Lake greenstone belt VMS properties. A decision is expected shortly, and drilling is planned to commence March 2018.
Pistol Bay has received the one million dollars ($1,000,000) from Rio Tinto for the uranium assets it owned in the Athabasca Basin (see news release February13,2018). Proceeds from this payment will be used to fund the drilling program at Confederation Lake.
Three drill holes of at least 500 metres each are planned to further test the Arrow Zone and to retrieve core for preliminary metallurgical testing. The Arrow Zone was the subject of a 43-101 report in 2017 that presented an inferred mineral resource of 2,100,000 tonnes grading 5.78% zinc, 0.72% copper, 0.60 grams per tonne (g/t) gold and 19.5 g/t silver. (8.42% zinc eq.) (see news release February 15, 2018).
Approximately ten diamond drill holes totaling approximately 2,000 metres will test the Fredart “A” Zone (also referred to as the Copperlode “A” Zone). A historical resource estimate made in 1971 for the Fredart “A” Zone, based on diamond drilling in the 1960s, was 386,000 tonnes grading 1.56% copper and 33.6 g/t silver, or alternatively 219,500 tonnes at 1.95% copper and 41.8 g/t silver. Neither of these estimates conforms to any class of mineral resource or mineral reserve defined by the 2014 CIM guidelines.
Ellis Martin interview with Chairman of Triumph Gold Corp, TSXV$TIG $TIGCF, John Anderson:
#Gold #Copper #Yukon
Summary of November 20, 2017 Press Release for @TriumphGoldCorp TSXV$TIG $TIGCF
- Recent soil sampling defined a 1.8 x 0.75 km multi-element (Au, Cu, Pb, Zn, As, Bi, Sb) soil anomaly.
Highlights of exploration at Tinta include:
- A 1.8-km-long multi-element soil anomaly, open to the northwest, along strike of the Tinta Au-Ag deposit has been defined.
- The anomaly has a higher concentration of samples with elevated pathfinder elements (As, Sb, Bi) than the area surrounding the Tinta vein deposit and a similar concentration of samples with elevated gold, but over an area twice the size.
- Within the 1.8-km-long soil anomaly, a 700-metre-long section was tested with seven trenches. Six exposed multiple clay-altered or silicified zones with mineralized quartz-chalcedony-carbonate-sulphide vein networks.
- The Tinta Au-Ag-Cu-Pb-Zn deposit has an inferred resource of 2.16 million tonnes grading 1.89 g/t Au, 54.9 g/t Ag, 0.27% Cu, 0.99% Pb and 1.41% Zn (December 15, 2014). Follow-up exploration in 2017 included:
- an expanded soil geochemistry grid with 993 samples collected over 8 sq. km, and
- 560 metres of excavator trenching within the coincident anomalies defined by the 2016 survey.
- The 2017 soil grid expanded the length of the 2016 soil anomaly from 900 to 1,800 metres. In addition, the 2017 soil survey covered the area around the Tinta vein to provide a better basis for comparison between geochemistry of soils in the new anomaly and soils surrounding the existing deposit.
Discussion of Results:
Results from the 2016 and 2017 soil sampling survey show a strong multi-element anomaly along strike of the Tinta vein deposit, with an approximately 500 metre gap between the vein and the newly defined 1.8-km-long anomaly. The geological model of a pinching and swelling vein structure may adequately explain the absence and then re-occurrence of the soil anomaly along strike of the Tinta vein. The new soil anomaly covers twice the area of the one defined around the Tinta vein.
Trenching within the soil anomaly tested less than half of the total length of the anomaly, and uncovered altered, veined and mineralized rock in six of seven trenches.
- Paul Reynolds, Triumph Gold Corp.’s President and CEO comments: “The Tinta Au-Ag deposit is one of Triumph Gold’s higher grade and underexplored resources. Identifying an along-strike soil anomaly that is twice the size of the anomaly surrounding the current resource area is very exciting. If it is an extension of the Tinta vein system, it could dramatically affect the size of the resource. We look forward to testing the new anomaly with more trenching and follow-up drilling in 2018 and exploring to the northwest where the anomaly remains open.”
For complete press release go to: www.triumphgoldcorp.com
Highlights of Press Release:
- Triumph announces that diamond drilling along the relatively underexplored eastern margin of the Revenue diatreme has been rewarded with multiple intersections of copper, gold, silver +/- molybdenum mineralization. Recent geological reviews of mineralization in the Revenue area, aided by development of a 3D geological model of the 1,300 X 400 metre elliptical Revenue diatreme, targeted the eastern portion of the diatreme as most prospective for gold and copper mineralization. The 2017 exploration program at Revenue was designed to test the eastern area with five drill holes totaling 2,032 metres.
- Geological highlights of the drill program include:
- Identification of an oxidized breccia/deep-weathering zone with significant gold from the bedrock surface to 68m depth (RVD17-10; 68m @ 0.64 g/t Au). This intersection is in an area that has not been explored for near surface mineralization, in part due to absence of a gold in soil anomaly, which is now attributed to thick overburden. Samples from this interval are being sent for metallurgical testing to determine if gold can be extracted via cyanide leach.
- In RVD17-12, a broad intersection (approximately 180 metres long) of porphyry style stockwork veining with potassic and phyllic alteration, adjacent to, and beneath the surface expression of, the Revenue diatreme.
- The intersection of a high-grade breccia zone in RVD17-12 (58.65m @1.48 g/t Au eq.), which is interpreted to be a continuation of hydrothermal breccias encountered in RVD11-22 and RVD11-28, defining at least 120 meters strike-length of high grade mineralization that is open at depth and contained within a broad lower grade envelope.
- At least three types of superimposed mineralization, including:
- Early porphyry style mineralization;
- Late hydrothermal breccias and replacement style mineralization; and
- Near surface enrichment of gold.
- Paul Reynolds, Triumph Gold’s President and CEO, states: “We are very encouraged by these results. Each of the styles of mineralization encountered at Revenue could be a stand-alone target, but along the eastern margin of the Revenue diatreme, where we have discovered that they are superimposed, there is an exceptional opportunity to explore for a high-grade, near-surface Au-Cu resource.”
For full press release, go to: http://www.triumphgoldcorp.com/news/news-releases/
Metanor has provided this update on its underground exploration drilling program at Bachelor Mine. The drill located on level 8 in the Hewfran sector of Bachelor Mine intersected 7.5 g/t over 7.2 meters (hole 8-112). The holes listed below intersected the structure of the H-10 vein below level 8 down to level 10.
Following the confirmation of this extension, the upcoming drilling will focus on both sides of this structure between level 8 and 10, and below level 10. A longitudinal figure is available at the following link: http://media3.marketwire.com/docs/1040369a_fig1.jpg.
Go to www.metanor.ca for full news release
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: http://www.metanor.ca/en/index.php/press-releases/article/metanor-publishes-the-results-from-the-geophysic-survey-on-the-moroy-proper
Metanor Resources TSXV-MTO drills 26.2 meters of 10.1 g/t gold at Bachelor Mine near surface:
MO-15-14 from 6.4 m to 32.6 m intersected 10.1 g/t gold over length of 26.2 m – visible gold at 10.2 m
The drilling continues in the same hole since there are more potential targets at depth.
See: www.metanor.ca for the complete news release dated 2015-09-22
Falcon has closed a first tranche of the previously announced $600,000 private placement for gross proceeds of $191,225 and issued 2,549,666 Units priced at $0.075 per Unit. Each Unit is one common share and 1/2 warrant, priced at $0.10 per share for the first 12 months or at a price of $0.20 per share for the 12 months thereafter.
Proceeds from this financing will be used for exploration and development work on the New York Canyon project and for general corporate purposes.