Grizzly Discoveries Inc. (TSX.V-GZD) released an update June 23rd on this year’s drill program at Greenwood, BC and below is a summary or highlights of this:
- The Company has planned a 5,000 metre drill program on new and existing high quality targets. “With a healthy treasury from this year’s successful financing, Grizzly has designed the 2011 Exploration Program on the Greenwood project as a systematic and scientific approach which we believe may lead to a new discovery in the Greenwood area,” stated Brian Testo, President and CEO of the Company, “and Stage 1 of the program, currently underway, will enable us to focus our drilling later in the year exclusively on high quality targets.”
- To date, approximately 1,600 soil and rock samples have been collected and have been shipped to ALS Chemex in Vancouver for analysis. More than 70 line-km of IP surveys and more than 20 line-km of HLEM and Promis EM surveys have also been completed. The planned ground work is budgeted at $1.0 million and will continue into late July or early August.
- The Company plans to commence drilling in late summer or early fall 2011 and has allocated a minimum budget of $1.2 million on 5,000 metres of drilling at Greenwood in 2011.