Grizzly Completes 4 Drill-Holes and Updates Gold Drilling Progress at its Ket 28 Property in BC
EDMONTON, ALBERTA – October 7, 2020 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCQB: GZDIF; Frankfurt: G6H) ("Grizzly" or the "Company") is pleased to provide an update on the ongoing 2,000+ metre (“m”), 11+ hole core drill program at its Ket 28 high-grade gold (“Au”) Property. Ket 28 is situated within the Greenwood Gold Project, which is in an established, road accessible and historic mining district of southeastern British Columbia. The Company expects to incur approximately $500,000 in costs on this first phase of drilling at Ket 28, which is designed to further test the currently defined high priority Au mineralized zone.
Full Force Diamond Drilling Ltd. of Peachland, BC, commenced drilling at the Ket 28 Property on September 27, 2020. As of October 5, a total of four diamond drill-holes have been completed, for a total of 544.5 m. All drillholes have intersected variable amounts of sericite-pyrite alteration with quartz veins and silicification hosted in a sedimentary schist, mafic volcanic to basalt package of rocks. Geologists from APEX Geoscience Ltd. (Edmonton and Vancouver) are on site and are completing core logging and cutting at Grizzly’s leased Rock Creek camp facility. Drilling is anticipated to be completed by the end of October, and assays are expected by year end.
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