Grizzly announced a non-brokered private placement of 3,196,595 non flow- through units at $0.30 per unit and 1,400,000 flow-through units at $0.35 per unit for gross proceeds of $1,448,978.50. (Amazing that the insiders did this financing at a 20% premium to the market price!!) Subject to TSX approval, Grizzly will close on an additional $230,021.40… Continue reading Grizzly Discoveries Closes 1st Tranche of Private Placement
Tag: drilling
Grizzly Commences Drilling at Greenwood Gold Project, BC
The drill was mobilized to the Greenwood property on June 24th, 2010 and has commenced drilling on gold showings in the Copper Mountain area. The permit for drilling on the Sappho target has also been received. Historic copper-silver-platinum-gold showings at the Sappho area and the gold zone intersected at Ket 28 during late 2009 are… Continue reading Grizzly Commences Drilling at Greenwood Gold Project, BC
Griz and Team at Greenwood Project
Griz, Mike Dufresne and geo team have been at the Greenwood Project for approximately two weeks. They have been doing geophysic work, sampling and assessing drill targets. Drills on the Copper Mountain target may be turning as early as this Monday, June 21st!!
Andean American Expects Invicta to Average 97,931 Oz Gold per Year
News was released this morning for Andean American Mining (TSX.V-AAG) (FWB-AQN) regarding the completion of the Optimized Feasibility Study for the Invicta Project. John Huguet states: “These improvements strengthen an already financially robust model and move us closer to completion of our major financing for Invicta. There is still much to learn about the geology… Continue reading Andean American Expects Invicta to Average 97,931 Oz Gold per Year
Griz and Mike are at NY Hard Assets Conference
Griz and Mike Dufresne (of Apex Geoscience) are both attending the New York Hard Assets Investment Conference being held today and tomorrow (May 10/11, 2010). Mike will be giving a presentation to a captive audience on Grizzly Discoveries.
Grizzly Crew Prepares to Mobilize to Greenwood Gold Project
APEX Geoscience’s crew will mobilize to the Greenwood Gold Project in BC during the upcoming week to commence the 2010 Exploration Program. The initial Stage 1, at an estimated cost of $500,000, will include geological mapping, geochemical sampling, ground geophysics and drilling at the Copper Mountain and Sappho target areas. Drilling is expected to commence… Continue reading Grizzly Crew Prepares to Mobilize to Greenwood Gold Project
Andean American Announces US$8 Million Bridge Loan and Gold Offtake Agreement
Andean American Mining (TSX.V-AAG) has announced an agreement with a prominent metals trader to further advance the Invicta project. The agreement is to provide a Bridge Facility in exchange for the right to buy gold and silver production from the Invicta Mine. The Facility is for US $8 million and should close June 1, 2010… Continue reading Andean American Announces US$8 Million Bridge Loan and Gold Offtake Agreement
IR Pro to Attend May 1st 2010 Intnl Asian Investment Forum Presenting Grizzly Discoveries and Andean American Mining
IR Pro Communications will be at the 2010 International Asian Investment Forum being held on Saturday, May 1st at the Sheraton Airport Hotel in Richmond, B.C. The IAIF hours are 10:00 am to 5:00 pm. We will be representing Grizzly Discoveries and Andean American Mining. I will provide further information once a booth number has… Continue reading IR Pro to Attend May 1st 2010 Intnl Asian Investment Forum Presenting Grizzly Discoveries and Andean American Mining
Grizzly Heavily Invested in Greenwood Gold-Mining Startup
EDMONTON — Grizzly Discoveries (TSX V: GZD) said Tuesday it plans to spend $500,000 on an initial exploration program at its Greenwood gold project in British Columbia. It will include geological mapping, sampling, ground geophysics and drilling at two target areas where there is evidence of historic mining activities. One of the areas has yielded… Continue reading Grizzly Heavily Invested in Greenwood Gold-Mining Startup