I just returned from a site visit with the Grizzly (GZD) exploration team in the Greenwood area, British Columbia. It’s hard to state specifically as the company holds mineral claims of 225,000 contiguous acres up in this area which spans across both sides of the #3 Crowsnest Highway. The drill is turning on the Ket 28 drill target and later this week will move to complete a few follow up drill holes on the Copper Mountain target where they hope to expand the known gold zone there. The Dayton target area has had over 1,000 soil samples collected over a grid approximately 2.0 km by 1.4 km and shows great potential for a new discovery. An excellent soil anomaly was defined in an area 200 m wide by 450 m long. The gold anomaly is accompanied by a strong copper anomaly. The Company also has a drilling permit for the Motherlode area where historic mining has produced over 170,000 ounces of gold and millions of pounds of copper.
It is important to note that a new gold discovery has been made at the Copper Mountain target with 1.0 g/t gold over 30 metres including 4.31 g/t gold over 5 metres. The Company has the potential to make multiple new gold discoveries in this prolific mining region where Grizzly is the first to utilize new technology and in most areas, first time drilling.
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