Greenwood Property 2018 Work Program
Suite 363, 9768 170th Street NW,
Edmonton, Alberta, Canada, T5T 5L4
Tel: 780‐693‐2242
TSXV: GZD
OTCPK: GZDIF
Frankfurt: G6H
May 9, 2018
GREENWOOD PROPERTY 2018 WORK PROGRAM
EDMONTON, ALBERTA – May 9, 2018 ‐‐ Grizzly Discoveries Inc. (TS X‐V: GZD; OTCPK: GZDIF; Frankfurt:
G6H) ("Grizzly" or the "Company") is pleased to announce that Kinross Gold Corporation’s wholly owned
subsidiary, KG Exploration (Cana da) Inc. (“Kinross”), has provi ded Grizzly with the proposed 2018 work
program on the Grizzly Greenwood pr o p e r t y , l o c a t e d n e a r G r e e n w ood in southern British Columbia.
Kinross is planning a 1,200 metre (m) drill program at the Midway target in summer 2018. The program is
a continuation of the 2017 proof‐of‐concept drilling which intersected silicification, alteration, anomalous
geochemistry and minor quartz veining in 2 out of 3 holes along strike, warranting follow‐up exploration.
The portion of Grizzly’s 100% owned Greenwood Project being explored by Kinross consists of 131 claims
that form a contiguous package totaling approximately 27,346 hectares, representing approximately one
third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 option agreement,
KG Exploration (Canada) Inc. can earn a 75% interest on this portion of Grizzly’s land holdings by incurring
US$3 million in exploration expenditures including a minimum of 3,000 m of diamond drilling by the fifth
anniversary of the option agreement (September 23, 2020). Kinross has met the second anniversary
requirements and incurred over US$750,000 in expenditures including 1,129 m of diamond drilling.
Highlights of 2017 Kinross Exploration Program at Midway
The Midway target is hypothesize d t o b e a n E o c e n e ‐ a g e d s y s t e m developed within Triassic clastic
sediments and limestone, and Jurassic (possibly) hornblende diorite intrusions, all unconformably overlain
by Eocene Kettle River Formation sediments and Marron volcanics.
A thick blanket of massive silica occurs at the basal Eocene un conformity, with remnant outcrops
dispersed intermittently over a 1 x 1 km area, in some places r eplacing Triassic limestone. The massive
silica contains anomalous trace e lement geochemistry, with comm on disseminated marcasite and
uncommon cm‐scale banded marcasite clasts.
Widespread alteration and local silicification occur in the foot w a l l o f t h e u n c o n f o r m i t y . T w o s e p a r a t e
zones have been discovered: zone 1 is a 200 m long by 50‐75 m wide zone of silicification, with peripheral
alteration and multiple narrow (up to 0.5 m) chalcedonic quartz (+/‐quartz breccia) veins. A second similar
zone of alteration and veining is located 200 m to zone 1. The target areas were further delineated via a
large soil anomaly over the exposed target area.
Rock chip and drill hole results indicate predominately argilli c, and lesser propylitic alteration. Kaolinite
dominates the argillic suite. The strongest zone of alteration is centered on a silicified fault near the
irregular clastic/intrusive contact. Multiple narrow (to 0.5 m) chalcedonic quartz (+/‐ quartz breccia) veins
occur within the broader zone of silicification. Values of up to 4.2 ppm Au have been recovered from
these veins.
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Kinross Planned Activities for Evening Star and Generative Exploration
Additional field exploration and generative work is planned throughout the Greenwood property in 2018,
to identify exploration targets for testing.
Evening Star is a geochemically anomalous basin that forms the headwaters of Skeff Creek (a known placer
gold creek) and is located immediately north and adjacent to the Attwood drusy quartz veins (drill tested
by Kinross in 2017). Glacial dispersion may contribute to the geochemical footprint, however exploration
will continue until the source is identified. 2017 work involved detailed geologic mapping of over 900
outcrops, and rock chip sampling of specific alteration and min eralization styles. The mapping provided
geologic context to the soil anomalies at Evening Star, which will be evaluated further in 2018.
Grizzly 2018 Proposed Work Programs
Grizzly has submitted three Notices of Work (NOW) programs to the BC government. The planned
programs cover planned exploration including drilling at the Ket 28, Motherlode and Dayton target areas,
all of which lie outside of the option agreement with Kinross. The Company will provide updates as funding
and acceptance of these NOWs progress.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company w ith its primary listing on the TSX Venture
Exchange with 59.2 million shares issued, focused on developing significant Potash assets in Alberta and
its precious metals properties in southeastern British Columbia . The Company holds over 180,000 acres
of precious‐base metal properties in British Columbia; more tha n 160,000 acres of properties which host
diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral
permits for potash totaling more than 60,000 acres along the Alberta‐Saskatchewan border.
The content of this news release and the Company’s technical disclosure has been reviewed and approved
by Michael B. Dufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument
43‐101 Standards of Disclosure for Mineral Projects.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo
CEO, President
Tel: (780) 693‐2242
For further information, please visit our website at www.grizzlydiscoveries.com or contact:
Nancy Massicotte, Investor Relations or Ian Lambert
IR PRO COMMUNICATIONS INC. COO, Grizzly Discoveries Inc.
Tel: 604‐507‐3377 T e l : 416‐840‐9843
Toll Free: 1‐866‐503‐3377 E m a i l : [email protected]
Email: [email protected]
www.irprocommunications.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility fo r the adequacy or accu racy of this release.
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Caution concerning forward‐looking information
This press release contains "forward‐looking information" and " forward‐looking statements" within the
meaning of applicable securities laws. This information and sta tements address future activities, events,
plans, developments and projections. All statements, other than statements of historical fact, constitute
forward‐looking statements or forward‐looking information. Such forward‐looking information and
statements are frequently identified by words such as "may," "w ill," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates,
opinions and analysis made by management of Grizzly in light of i t s e x p e r i e n c e , c u r r e n t c o n d i t i o n s ,
expectations of future developments and other factors which it believes to be reasonable and relevant.
Forward‐looking information and statements involve known and unknown risks and uncertainties that
may cause Grizzly's actual results, performance and achievement s to differ materially from those
expressed or implied by the forward‐looking information and sta tements and accordingly, undue reliance
should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability
of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and
regulations, including environmental laws and obtaining requisi te permits; political, economic and other
risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly
Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory
authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any
forward‐looking information or statements except as may be required by law.