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Be the first with the news that moves the market- Grizzly Discoveries (GZD) has launched a drill program at its Ket 28 property, which sits within the larger Greenwood Project in British Columbia
- Full Force Diamond Drilling has been contracted to carry out the work, which includes at least 2,000 metres across 11 core holes
- The work has been designed to test a previously defined zone of gold mineralisation and is expected to cost a total of C$500,000
- Historic drilling at the Ket 28 property intersected 52.19 grams per tonne of gold over 3.35 metres
- Grizzly Discoveries (GZD) is currently steady at 5.5 cents per share
Grizzly Discoveries (GZD) has launched a drill program at its Ket 28 property, which sits within the larger Greenwood Project in British Columbia.
Located in the south-central portion of British Columbia, the Greenwood Project covers roughly 180,000 contiguous acres in the historically productive Republic-Greenwood Gold District.
Full Force Diamond Drilling has been contracted to carry out the work, which will an initial phase of at least 2,000 metres across 11 core holes.
At a total anticipated cost of C$500,000, drilling will target a previously identified zone of gold mineralisation in an effort to develop a maiden mineral resource estimate during the first half of next year.
The work began on September 27 at core hole 20KT001, and Grizzly Discoveries is now finalising the remaining drill collar locations for the Phase 1 program.
Historic drilling at the Ket 28 property, which sits within the Rock Creek claim group, intersected significant results, including 52.19 grams per tonne of gold over 3.35 metres.
Grizzly Discoveries also conducted its own program in 2009 and 2010, which intersected up to 2.77 grams per tonne of gold over 11 metres and 8.75 grams per tonne of gold over three metres.
Brian Testo, CEO of Grizzly Discoveries, said he is looking forward to analysing the results of program.
“This new data will advance us toward developing our initial resource estimate of gold mineralisation at Ket 28, on our expansive Greenwood property.
“We anticipate assay results before the end of the year and we will build on these results to continue financing our exploration efforts in southern British Columbia in 2021,” he added.
Grizzly Discoveries (GZD) is currently steady at 5.5 cents per share at 12:38pm EDT.
