- Grizzly Discoveries (GZD) has mobilized crews to southern British Columbia (BC) and have started surface-based fieldwork
- The company has taken out permits for drilling programs at Motherlode and Dayton Prospects
- Grizzly will focus efforts on several new and existing high-priority battery metals targets at Robocop (copper, cobalt and silver) and precious metals
- Since battery metals are in high demand with the push for more and more companies to manufacture EV vehicles, Testo thinks the company is in a good position
- The main goal of confirming and defining potential conductivity, and resistivity targets were spotted in airborne surveys
- Grizzly Discoveries Inc. (GZD) is in the grey, trading at C$0.09 at 2:59 pm EST
Grizzly Discoveries (GZD) has mobilized crews to southern British Columbia (BC) and have started surface-based fieldwork that will lead to drilling in 2022.
The company has taken out permits for drilling programs at Motherlode and Dayton Prospects in the Greenwood area. It is currently working on getting the required tickets for drilling at the Robocop Project near Grasmere, BC.
The work to be done on both the Greenwood Precious-Battery Metals Project and the Robocop Battery Metals Project consists of soil and rock sampling and ground geophysical surveys. For these projects, there will be a follow-up of drilling.
Grizzly will focus efforts on several new high-priority battery metals targets at Robocop (copper, cobalt and silver) and precious metals – battery metals targets at Greenwood (gold-silver-copper and other base metals).
The ground exploration will be focused on or near prospective targets to be drilled during 2022. Recent geophysical results have outlined large areas with anomalous geological potential for new discoveries in both projects.
Brian Testo, President and CEO of Grizzly Discoveries, commented on the upcoming drilling program.
“We look forward to the start of the 2022 program after completing significant financing that will allow us to complete our drill programs at the Robocop Battery Metals Project and at our Greenwood Precious Metals-Battery Metals Project.”
Since battery metals are in high demand with the push for more and more companies to manufacture EV vehicles, Testo thinks the company is in a good position. ” […] due to the shift to renewable energy sources and electric vehicles. We are looking forward to commencing an initial Phase 1 program over the next couple of months to isolate drill targets in preparation for a Phase 2 – 2022 drill testing.”
Going forward, a ground time-domain electromagnetic (TDEM) survey is being planned for early summer at the project.
The main goal of confirming and defining potential conductivity and resistivity targets was first spotted in airborne surveys, leading to the definition of additional drill targets for copper-gold-silver skarns and porphyry’s.
As for options, the Board of Directors of Grizzly has authorized the grant of 3,500,000 share purchase options under its stock option plan to directors, officers, and consultants of the company, including 2,500,000 to insiders.
The options are exercisable at $0.09 each and this stands until June 7, 2027.
Grizzly is a Canadian mineral exploration company with its primary listing on the TSXV. The main focus is on its 66,000 ha properties of precious and base metals in southeastern British Columbia.
Grizzly Discoveries Inc. (GZD) is in the grey, trading at C$0.09 at 2:59 pm EST.
