A number of soil samples have yielded gold in soil anomalies in the vicinity of and to the south of Ket 28 towards the
Highlights
First significant systematic regional sampling program with more than 1,000 soil samples collected in a 100 m by 200 m grid pattern and analysed for gold and multi-elements using a partial extraction ionic leach method at ALS Global in
New anomalous gold zones in soils identified immediately southwest of the main Ket 28 showing along with at least four new areas of anomalous gold in soils identified in an area that is about 2.5 km south of the main showing area and is over 5 km in length and roughly 1.2 km wide up against the US border.
A total of 129 rock grab samples collected across the Ket 28 area with up to 1.5 grams per tonne (g/t) gold (Au) from a sample within the southern anomalous gold in soil area.
The Ket 28 showing has yielded 11.9 g/t Au over 2.0 m core length and 2.77 g/t over 11.0 m core length in different holes in drilling completed by the Company.
Numerous northwest and northeast controlling structures within Paleozoic Anarchist volcanic (green), clastic and calcareous sedimentary rocks (orange and blue) along with a number of small to large sized Cretaceous to Eocene (pink) intermediate to felsic intrusions are visible in outcrop and in the geophysics, and present excellent targets for follow up exploration including additional soil and rock sampling, ground geophysics, leading to eventual drilling.
Follow-up exploration is being designed and planned for 2023.
Beaverdell Property Purchase Completed
The Company has completed the acquisition of the Beaverdell Claims from
Pursuant to the exercise of warrants and the common shares issued to Zimtu, the Company has 141,601,427 common shares issued and outstanding.
ABOUT
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the
Contact:
Tel: 604-507-3377
Email: nancy@grizzlydiscoveries.com
Caution concerning forward-looking information
This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as 'may,' 'will,' 'should,' 'anticipate,' 'plan,' 'expect,' 'believe,' 'estimate,' 'intend' and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
(C) 2023 Electronic News Publishing, source