Ms. Nancy Massicotte reports
GRIZZLY DISCOVERIES INC. COMPLETES STAGE 1 DRILLING PROGRAM AT GREENWOOD GOLD PROJECT
Grizzly Discoveries Inc.'s stage 1 drilling program of 1,590 metres in 11 drill holes at the Greenwood gold project, commenced during late June, has been completed in early August. Lone Peak Drilling of Kimberley, B.C., conducted the drilling. APEX Geoscience Ltd. of Edmonton, Alta., provided technical management and professional geological services.
2010 drill program
Approximately 950 metres in seven drill holes were completed on gold targets at the Copper Mountain area, north of Midway. About 640 m in four drill holes were completed on the copper-gold-silver-platinum Sappho prospect in the Greenwood area. Stage 2 drilling is planned to commence during mid-September to late September, once results have been received for the stage 1 program and further land use permitting is in place for other targets in the Ket 28, Dayton and Motherlode areas.
The drill core is currently being logged and split with samples shipped to ALS Laboratory Group in Vancouver, B.C. The company expects that all core logging and sampling activities will be completed by mid-August, 2010. The first batch of core samples has been shipped to ALS, and initial assay results are expected in early to mid-September, 2010.
2010 fieldwork
Fieldwork consisting of geological mapping, and rock, stream sediment and soil sampling, along with ground geophysics, has been in progress since May, 2010, and will continue through to the stage 2 drilling program. Fieldwork has been focused at a number of targets across the Greenwood gold project, including the Copper Mountain, Motherlode, Sappho, Dayton and Ket 28 areas. To date, more than 800 samples have been collected across the property. Assays and trace-element geochemical results have been received for just over half of the samples collected to date. Highlights include numerous selective high-grade rock grab samples collected from the Copper Mountain area with up to 129.0 grams per tonne (g/t) gold (Au) obtained from the Coronation prospect and up to 19.3 g/t Au obtained from the Mabel Jenny prospect. Both prospects were drill tested in the stage 1 drilling program. The Dayton and Motherlode prospects have also yielded high-grade gold results from selective high-grade rock grab samples including up to 16.0 g/t Au from the Dayton prospect and 13.85 g/t Au from the Motherlode prospect. Additional sampling during 2010 at the Sappho prospect confirmed the presence of high-grade copper (Cu) along with platinum (Pt), gold (Au) and silver (Ag). Selective rock grab samples have yielded greater than 2 per cent Cu from three spatially separate locations with up to 13.1 per cent Cu. High concentrations of Pt (up to 13.55 g/t), Au (up to 2.2 g/t) and Ag (up to 298 g/t) have been obtained from a number of selective rock grab samples. The Sappho prospect was drill tested with four holes during the stage 1 drilling program.
The rock grab samples are selective by nature and are unlikely to represent average grades at any of the prospects sampled or across the property.
