Grizzly Discoveries Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 363, 9768 170 Street NW
Edmonton, Alberta
Canada T5T 5L4
Tel No.: (416) 840 9843
Web Site: www.grizzlydiscoveries.com
E-mail: ilambert@grizzlydiscoveries.com
Contact Person: Ian Lambert
Position: Chief Operating Officer

Company Data

Traded Market: TSX-V
Traded Symbol: GZD
Outstanding Shares: 55,348,605
52 Week High: $ 0.065
52 Week Low: $ 0.035
Present Price: Click Here








Grizzly Discoveries Inc. is a diversified Canadian mineral exploration company, focused on diamonds and potash assets in Alberta and its precious metals properties in southeastern British Columbia. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totalling more than 250,000 acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totalling over 235,000 acres. Grizzly also currently holds more than 205,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.

Projects in Hand

Canadian Projects

  • Four precious metal properties covering 235,000 acres in BC focused on gold, copper and silver
  • Kinross 75% option on 29% of the Greenwood property by spending US$3 million
  • More than 205,000 acres in Alberta hosting diamondiferous kimberlites
  • More than 250,000 acres in Alberta targeting a 250-500+ million tonne potential MOP potash deposit
  • Q4 2011 drilling program confirmed potash underlying permits with up to 31.1% K2O
  • Alberta properties offer mining friendly infrastructure and tax regime

(1) Greenwood Polymetallic Project, South-Central British Columbia

Grizzly has acquired 235,000 acres (approximately 70 km x 27 km) in the historically productive Republic – Greenwood Gold District along BC/USA border, which has collectively produced more than 7 million gold ounces from the area.

  • Grizzly is the largest mineral titles owner in the Greenwood District
  • Kinross has entered into an Option for 65,573 acres, approximately 1/3 of the Greenwood area, to earn a 75% interest by spending US$3 million over the next four years.
  • 7 km south of Grizzly's property is Kinross' 1.2 million oz Buckhorn Gold Mine (1.2 m oz gold, average grade 16 g/t); Midway's Golden Eagle mine with 2M+ oz gold resource is about 50 km to the south
  • Underexplored land area due to historically fragmented land holdings
  • Extensive rock sampling, soil sampling, geophysics
  • Kinross plans 2017 drilling program
  • Numerous historic mines in the area
  • Surrounds Lexington and Golden Crown Mine Project
  • Over 7 million ounces of gold produced in area
  • GZD has spent more than $6 million to date
  • GZD discovered 7 different mineralized areas within Greenwood property
  • Near surface high grade gold open pit potential
  • Ket 28 area diamond drill assays, 7 km north of Kinross Buckhorn mine and mill:
    • 2.77 g/t Au over 11.0 m
    • 11.9 g/t Au over 2.0 m
  • Gold, Silver, Copper, Platinum, Palladium, Lead, Zinc and Graphite
  • French and Peak claims in northern BC contain Gold, Silver, Copper and Zinc

(2) French and Peak Projects, Northern British Columbia

Grizzly holds 100% interest in the French and Peak Properties located 65 km northeast of the town of Smithers, BC. The French and Peak claims contain gold, silver, copper and zinc.

  • 2007/08 Peak drilling 3,386 m, 27 holes
  • UTE Vein:
    • 265.8 g/t Ag, 0.44% Cu, 1.38% Pb, 0.19% Zn over 16.1 m
    • 182.0 g/t Ag, 0.33% Cu, 1.88% Pb, 0.10% Zn over 39.7 m
  • RIO Vein:
    • 0.61 g/t Au, 74.03 g/t Ag, 0.65% Cu over 3.05 m

(3) Potash Project, Alberta

The Company's Alberta Potash Project consists of metallic and industrial mineral claims covering more than 250,000 acres along the Alberta-Saskatchewan border, with showings of up to 31%+ K2O in recent assays from drill hole cores from Grizzly's Q1 2012 drilling program. The property is divided into the North and South Blocks near Medicine Hat, Alberta and Lloydminster, Alberta respectively.

  • Historic Unity Potash Mine 45 km east of existing GZD lands
  • Agrium Vanscory Potash Mine 200 km east of GZD lands
  • Historic wells were drilled by oil companies between 1940 and 1980 indicating potash showings with up to 25% K2O within Grizzly lands in Alberta
  • Significant Potash in drill core or indicated by gamma logs at depths ranging from 1,060 m to 1,675 m
  • Temperatures at those depths range from about 50oC to 75oC. Optimal temperature for solution mining is approximately 75oC
  • Upper Zone yielded weighted average grades of 2.62% K2O (4.15% KCl) over 22.35 m, including an exceptionally rich interval of 6.4% K2O (10.14% KCl) over 4.55 m with a 0.3 m portion of 31.1% K20
  • Confirmation drilling for two separate areas with 5 to 20 km interspacing in each area is planned for 2018/19
  • Grizzly is targeting a 250-500+ million tonne (mt) potential potash deposit. Conceptually, a 250 mt resource @ 20% K2O generates a 50 mt potash deposit.
  • Resource drilling and an NI 43-101 Resource Estimate targeted for 2018/19
  • World demand for fertilizer is increasing as demographics change and population expands
  • Long term potash demand is increasing to offset worldwide reduction in arable land
  • Possibly one of the largest undeveloped potash mineable areas in the world

Advantages of a Potash Discovery in Alberta

  • Lower development costs for solution mining
  • Excellent infrastructure and transportation facilities
  • Close to rail lines and port resulting in lower transportation cost
  • Attractive mining and taxation regime

(4) Diamond Exploration in Alberta

  • Following 12 drill holes, 3 new diamond bearing kimberlites were discovered in 2008 at the Buffalo Head Hills property.
  • Grizzly has more than 205,000 acres in the Buffalo Head Hills kimberlite field, 350 km NW of Edmonton, AB
  • Three kimberlite are diamondiferous, remainder require further testing and bulk sampling
  • Numerous additional high priority targets identified by GZD
  • GZD property completely surrounds Buffalo Head Hills Joint Venture kimberlites
  • Buffalo Head Hills is third largest diamond bearing kimberlite district in Canada
  • Excellent energy resource related infrastructure networked throughout the property
  • Easy access by highway

Grizzly Discoveries Future Plans

  • Planned gold/copper/silver drilling program in BC will consist of up to 3,950 metres of diamond drilling in 2017/18 at Ket 28, Dayton and Motherlode*
  • Kinross has commenced third phase of exploration Spring 2017 on portions of its Greenwood Option claims
  • Multiple kimberlite targets on Buffalo Head Hill diamond claims
  • Up to 5,000 metres of further potash drilling planned for Grizzly's North Block (Lloydminster) during 2018/19*.

*Subject to financing


Management and Directors

Brian Testo, President and Chief Executive Officer, Director

Mr. Testo, founder of the Company, is an Alberta-based businessman who has been involved in mineral exploration and prospecting in Alberta and British Columbia for over 25 years.

Ian Lambert, Chief Operating Officer

Mr. Lambert is a well known Toronto-based resource development executive with over 30 years experience managing public companies in the mining and oil & gas sectors. Mr. Lambert was formerly CEO and Director for 21 years of Trade Winds Ventures Inc., a TSX Venture Top 50 company. Trade Winds was acquired in December 2011 by Detour Gold Corp. for $84 million.

Jeremy Strautman, Chief Financial Officer

Mr. Strautman has been involved in accounting and administration for the junior mineral exploration industry since 2005.

Michael Dufresne, M.Sc., P.Geol., Consultant

Mr. Dufresne is a partner with APEX Geoscience Ltd. His experience includes diamonds, gold and base metal exploration in Alberta, B.C., Nunavut, NWT and Australia.

Douglas S. Turnbull, P.Geol., Director

Dr. Solomon (Sam) Pillersdorf, Director

Ray Wytinck, M.Sc., Director

Fraser Atkinson, CA, Director

Please refer to Grizzly's website www.grizzlydiscoveries.com for complete biographies.

News Update

On March 31, 2017, Grizzly Discoveries Inc. announced that it has closed the first tranche of a private placement by the issuance of 2.76 million non-flow-through units of the Company at a price of five cents per unit for gross proceeds of $138,000. The Company intends to use the proceeds of the offering for general working capital.


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