surfkid4
13 years ago
Had one of my friends who knows minerals well, recommend this GZD stock.
Latest PR looks great, Doing my own DD, but Jan 2012 could get interesting.
Grizzly Completes 2nd Potash Test Well near Medicine Hat, Alberta
Press Release: Grizzly Discoveries Inc. – Wed, Dec 14, 2011 1:54 PM ESTShare0EmailPrintCompanies:GRIZZLY DISCOVERIESGrizzly Discoveries, Inc.RELATED QUOTESSymbol Price Change
G6H.F 0.414 +0.04
EDMONTON, ALBERTA--(Marketwire -12/14/11)- Grizzly Discoveries Inc. (TSX-V: GZD.V - News) (OTCQX: GZDIF.PK - News) (Frankfurt: G6H.F - News) ("Grizzly" or the "Company") is pleased to provide the following update on continuing exploration activities at its Alberta Potash Project and its Greenwood Gold Project. Brian Testo, President of Grizzly, stated that "we are extremely excited about intersecting visible potash minerals in our first potash test well on our 100% owned Alberta Potash Project and are eagerly anticipating laboratory assay results expected in January to confirm this. We are also very excited about the new discovery of low grade bulk tonnage style gold-copper mineralization intersected at two targets at the Dayton area and the potential to expand and improve upon previously identified mineralization".
Current Exploration Status - Alberta Potash Project
A drill rig was mobilized on November 28 to well site 8-36-19-1W4 in southeast Alberta to complete a potash test well on the South Block of the Company's 100% owned Alberta Potash Project near Medicine Hat, Alberta. The test well was completed and the drill rig was released on December 12, 2011. Coring commenced at 1,642 metres ("m") below surface and visible potash minerals were observed in the drill core for the interval between 1,650.1 m and 1,655.7 m below surface. The core has been sent to Norwest Corporation ("Norwest") in Calgary, Alberta for secure storage until such time as the core can be logged, sampled and sent for geochemical analysis. The Company anticipates that the drill core will be logged, dry sawed and sampled by personnel from APEX Geoscience Ltd. ("APEX") in conjunction with Norwest over the next several weeks. The split core samples will be forwarded to the Saskatchewan Research Council ("SRC") in Saskatoon, Saskatchewan for full geochemical analysis. Geochemical results are expected to be released in the latter half of January, 2012.
In 1980, historic oil well DEML MEDHAT 6-36-19-1W4, located 800 m west of the current well location, yielded a gamma log spike of approximately 218 API units at a depth of approximately 1,662 m below surface for a calculated maximum potash grade of approximately 22% K2O.
Dayton Gold-Copper Discovery - Greenwood Gold Project
The Company has received and released results for the first two holes, 11DA09 and 11DA10 (see the Company's news release dated December 6, 2011) at the Dayton target area, which resulted in the discovery of new low grade bulk tonnage style gold-copper mineralization in the area. The Company is awaiting assay results for the remaining four holes, which are expected over the next two weeks. The results for drill holes 11DA11 to 11DA14 are expected to be reported in January, 2012. All samples are being analyzed for gold by standard fire assay and for trace metals by multi-acid digestion ICP at ALS Chemex, Vancouver, BC.
Current Drilling - Greenwood Gold Project
A drill is currently at the Motherlode area to complete a 6 hole exploration program testing gold-in-soil anomalies spatially associated with electromagnetic ("EM") targets before Christmas. After completion of the Motherlode drill program, the drill will be moved to one or more targets at the Overlander and/or the Ket 28 areas to test gold-in-soil anomalies and/or EM targets. The Company expects to re-commence drilling at the Overlander and Ket 28 target areas along with a number of other targets early in 2012. Assay results are anticipated to arrive for the Motherlode drilling and be released in the latter half of January 2012.
All 2011 and 2012 field and office exploration programs are conducted under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under National Instrument 43-101.
About Grizzly Discoveries Inc.
Grizzly trades on the TSX Venture Exchange under the symbol GZD, on the OTCQX exchange under the symbol GZDIF, and the Frankfurt Exchange under the symbol G6H, with 48,350,268 common shares issued and outstanding.
Grizzly is an aggressive and diversified Canadian mineral exploration company exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
(780) 693-2242
Caution concerning forward-looking information
frankie_fillet
17 years ago
April 11, 2008 - 2:09 PM EDT EDMONTON, ALBERTA--(Marketwire - April 11, 2008) - Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) (the "Corporation") today announced that it has closed a non-brokered private placement offering ("Offering") of an aggregate of 971,000 units ("Units") at a price of $1.00 per Unit, for gross proceeds of $971,000. Each Unit consisted of one common share of the Corporation ("Common Share") and one-half of a non-transferable share purchase warrant ("Warrant") and each whole Warrant entitles the holder to acquire one additional Common Share at a price of $1.25 until April 11, 2010. Insiders of the Corporation purchased an aggregate of 25,000 Units.
In connection with the Offering, the Corporation paid Pope & Company Limited the sum of $56,220 together with non-transferable compensation warrants ("Compensation Warrants") to acquire up to 66,220 Common Shares (equal to 7% of the Units sold to non-Insiders) at a price of $1.00 per Common Share until April 11 2010. The Corporation also paid Advice Portfolio Management GmbH the sum of $10,000. The cash commissions paid by the Corporation was equal to 7% of the gross proceeds from the sale of Units to non-Insiders.
The Units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The securities comprising the Units, the Compensation Warrants together with any Common Shares issued pursuant to the exercise of the Warrants and Compensation Warrants will be subject to a restricted period expiring on August 12, 2008.
Grizzly Diamonds is an aggressive Canadian exploration company focused on exploring for diamonds in Alberta and precious metals in North America. It currently holds diamond properties in the Buffalo Head Hills, Birch Mountains and Pelican Mountain areas of Alberta totaling over three million acres which host prospective geophysical targets and associated diamond indicator minerals. In British Columbia, the Company has five precious metal properties totaling over 35,000 acres.
All 2008 field programs are being conducted under the supervision of Michael Dufresne, P. Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under NI 43-101.
On behalf of the Board
Grizzly Diamonds Ltd.
Brian Testo, President
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Grizzly Diamonds Ltd.
Brian Testo
President
(780) 693-2365 or (780) 425-BEAR (2327)
Website: www.grizzlydiamonds.com
AGORACOM Investor Relations
Email: GZD@Agoracom.com
Website: www.agoracom.com/IR/Grizzly
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Source: CCN Matthews (April 11, 2008 - 2:09 PM EDT)
News by QuoteMedia
www.quotemedia.com
frankie_fillet
17 years ago
June 4, 2007 - 1:41 PM EDT EDMONTON, ALBERTA--(CCNMatthews - June 4, 2007) - Grizzly Diamonds Ltd. (TSX VENTURE:GZD)(FRANKFURT:G6H) ("Grizzly") today is pleased to provide the following exploration update for a number of its 100% owned Alberta Diamond Properties in the Buffalo Head Hills and the Birch Mountains of Northern Alberta.
Grizzly today is pleased to announce that DeBeers Canada has completed processing the Legend Kimberlite mini-bulk sample at its Grande Prairie Dense Media Separation (DMS). The DMS used a 0.5mm cut-off. The program was delayed due to an equipment breakdown during processing. The concentrates have been shipped to the Saskatchewan Research Council, Saskatoon, where the concentrate will be fused using standard caustic fusion procedures and then picked for diamonds. Grizzly expects to have final diamond results in hand by mid to late June. The 10.2 tonne sample was split into 3 sub-samples based on mineralogical and textural differences within the kimberlite drill core which may represent geochemically different implacement pulses or kimberlite phases. The DMS concentrates for the 3 sub-samples weighed 20.3kg, 31.9kg and 32.45kg respectively. As well, 3 drill core samples weighing 43.1kg, 83.2kg and 42.05kg were submitted for caustic fusion and will be picked for micro-diamonds. These 3 samples represent check samples to confirm historic micro-diamond results reported by Kennecott Canada as part of Grizzly's ongoing regimented QA/QC program.
Grizzly's high resolution fixed-wing airborne magnetic (HRAM) survey s in the Buffalo Head Hills area has now been completed. The 25,000 line-km HRAM survey was commissioned in February with physical flying commencing in early March. The delivery of final data is expected sometime in late June.
Grizzly Diamonds is an aggressive Canadian exploration company focused on exploring for diamonds in Alberta and precious metals in North America. It currently holds diamond properties in the Buffalo Head Hills, Birch Mountains and Pelican Mountain areas of Alberta totaling over three million acres which host prospective geophysical targets and associated diamond indicator minerals. In British Columbia, the Corporation has four precious metal properties totaling over 23,000 acres.
All 2007 field programs are being conducted under the supervision of Michael Dufresne, P.Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under NI 43-101.
On behalf of the Board
Grizzly Diamonds Ltd.
Brian Testo, President
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Grizzly Diamonds Ltd.
Brian Testo
(780) 693-2242 or (780) 425-BEAR(2327)
Website: www.grizzlydiamonds.com
AGORACOM Investor Relations
Investor Relations
Email: GZD@Agoracom.com
Website: www.agoracom.com/IR/Grizzly
frankie_fillet
17 years ago
May 1, 2007 - 9:41 AM EDT
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GZD:CA 1.14 -0.01
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EDMONTON, ALBERTA--(CCNMatthews - May 1, 2007) - Grizzly Diamonds Ltd. (TSX VENTURE:GZD)(FRANKFURT:G6H) ("Grizzly") today is pleased to provide the following exploration update for a number of its 100% owned Alberta Diamond Properties in the Buffalo Head Hills and the Birch Mountains of Northern Alberta, its joint ventured Call of the Wild Diamond Property in the Pelican Mountains area, north-central Alberta and the Peak precious-base metal property in north-central British Columbia.
Grizzly today is pleased to announce that it has signed a contract with DeBeers Canada to process the Legend Kimberlite mini-bulk sample at its Grande Prairie Dense Media Separation (DMS) processing facility from May 10 to 12th, 2007. Once the Legend Kimberlite sample is processed, the concentrate will be shipped to the Saskatchewan Research Council, Saskatoon, where the concentrate will be fused using standard caustic fusion procedures and then picked for diamonds. Grizzly expects to have final diamond results in hand by the end of May or early June.
Grizzly is pleased to provide an update on its high resolution fixed-wing airborne magnetic (HRAM) survey in progress in the Buffalo Head Hills area. The 25,000 line-km HRAM survey was commissioned in February with physical flying commencing in early March. The survey was expected to be completed by the end of March, however extreme winds and poor weather have delayed completion of the survey and moved the expected completion date to mid May with the delivery of final data sometime in June.
Grizzly and partner Stornoway Diamond Corporation (TSX:SWY) ("Stornoway") have completed a 25,000 line-km airborne magnetic survey at Grizzly's 100% owned Call of the Wild Diamond Property in the Pelican Mountains area, north-central Alberta. Under the terms of the agreement, Stornoway has earned it's initial 51% interest in the property by flying the entire property with an airborne fixed wing magnetic survey and collecting a number of diamond indicator samples. In total, 47 priority anomalies exist within the property for follow-up exploration. Stornoway plans to check all the priority anomalies this spring and will plan follow-up exploration based on the results of the anomaly checks.
Grizzly is currently planning its summer exploration program for the Peak precious-base metal property in north-central British Columbia. Ground geophysical surveys, including time domain electromagnetics are being planned along with geological mapping and sampling to be commenced in June. A drilling contractor has been secured for August in order to follow-up the 2006 drilling program with further drilling as well as the testing of a number of the airborne electromagnetic targets identified during May, 2006.
Grizzly Diamonds is an aggressive Canadian exploration company focused on exploring for diamonds in Alberta and precious metals in North America. It currently holds diamond properties in the Buffalo Head Hills, Birch Mountains and Pelican Mountain areas of Alberta totaling over three million acres which host kimberlites, prospective geophysical targets and associated diamond indicator minerals. In British Columbia, the Corporation has four precious metal properties totaling over 23,000 acres.
All 2007 field programs are being conducted under the supervision of Michael Dufresne, P.Geol., a principal of APEX Geoscience Ltd. and a Qualified Person under NI 43-101.
On behalf of the Board
Grizzly Diamonds Ltd.
Brian Testo, President
This news release contains forward-looking statements regarding ongoing and upcoming exploration work and expected geology, geological formations and structures. Actual results may differ materially from those anticipated in these statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Grizzly Diamonds Ltd.
Brian Testo
(780) 693-2242 or (780) 425-BEAR(2327)
Website: www.grizzlydiamonds.com
frankie_fillet
18 years ago
EDMONTON, ALBERTA--(CCNMatthews - March 27, 2007) - Grizzly Diamonds Ltd. (TSX VENTURE:GZD) (FRANKFURT:G6H) (the "Corporation") today announced that it has entered into an agreement with Com-advice AG of Baar, Switzerland for the provision of advertising and promotional services in Europe, the Middle East and Africa. Com-advice AG is at arm's length to the Corporation and specializes in research and analysis of mineral companies. Pursuant to the agreement and subject to regulatory approval, the Corporation will pay Com-advice AG a fee of C$100,000 on execution of the agreement and grant stock options to Com-advice AG pursuant to the Corporation's stock option plan to acquire an aggregate of 100,000 common shares of the Corporation ("Common Shares") at an exercise price of C$1.20 and an aggregate of 50,000 Common Shares at an exercise price of C$1.50. The term of the agreement will be until December 31, 2007 and will be automatically renewed for additional one year term unless cancelled prior to October 31, 2007.
For all future Grizzly Diamonds investor relations needs, investors are asked to visit the Grizzly Diamonds IR Hub at www.agoracom.com/IR/Grizzly where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GZD@Agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
On behalf of the Board
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