Grizzly Announces Greenwood, BC Mobilization and Exploration Plans
Suite 363, 9768 170th Street NW,
Edmonton, Alberta, Canada, T5T5L4
Tel: 780-693-2242
TSXV: GZD
OTCPK: GZDIF
Frankfurt: G6H
July 26, 2018
GRIZZLY ANNOUNCES GREENWOOD, BC MOBILIZATION AND EXPLORATION PLANS
EDMONTON, ALBERTA – July 26, 2018 -- Grizzly Discoveries Inc. (TSX-V: GZD; OTCPK: GZDIF; Frankfurt:
G6H) ("Grizzly" or the "Company") is pleased to announce that Kinross Gold Corporation’s wholly owned
subsidiary, KG Exploration (Canada) Inc. (“Kinross”) has informed Grizzly that a drill will be mobilized to
the Midway Target within the Greenwood Project, located near Greenwood in southern B.C. Kinross is
planning a 1,200 m drill program at the Midway area during July and August, 2018, to continue the proof
of concept drilling at the Midway Epithermal Target intersected in 2017. Proof-of-concept drilling in 2017
intersected silicification, alteration, anomalous geochemistry, and minor quartz veining in 2 out of 3 holes
along strike, warranting further follow-up exploration.
Highlights of 2017 Kinross Exploration Program at Midway
The portions of the Greenwood Project being explored by Kinross, 100% owned by Grizzly Discoveries Inc.,
includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing
approximately one third of Grizzly’s land holdings at Greenwood. Kinross can earn a 75% interest on the
optioned land pursuant to an Option Agreement dated September 2015 by incurring US$3 million in
exploration expenditures over a 5 year period. On September 23, 2017 Kinross met the second anniversary
drill meter and cost commitments as set out in the original option agreement.
The Midway target is hypothesized to be an Eocene -aged system 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 unconformity , with remnant outcrops
dispersed intermittently over a 1 x 1 km area, in some places replacing Triassic limestone. The massive
silica contains anomalous trace element geochemistry, with common disseminated marcasite and
uncommon cm-scale banded marcasite clasts.
Widespread alteration and local silicification occur in the footwall of the unconformity. Two separate
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 argillic, 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.
2
Grizzly has submitted three Notices of Work ( “NOW”) programs to the BC Ministry of Energy, Mines &
Petroleum Resources. The planned programs cover planned exploration, including planned drilling, at the
Ket 28 - Dayton and Motherlode target areas in the Greenwood Project area on lands not under option to
Kinross. The third NOW program will cover potential cobalt-copper-silver (Co-Cu-Ag) drill targets at the
Company’s 100% owned Robocop Project to be tested this fall after completion of an airborne survey and
surface exploration activities planned during August and September 2018.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange with 62 million shares issued, focused on developing its precious and base metals properties in
southeastern British Columbia along with significant Potash assets in Alberta. The Company holds over
180,000 acres of precious -base metal properties at its Greenwood Project; additionally, Grizzly holds
9,891 acres with Co-Cu-Ag mineralization at its Robocop Property, both located in southeastern B ritish
Columbia. The Company also holds more than 160,000 acres of p roperties 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 Tel: 416-840-9843
Toll Free: 1-866-503-3377 Email: [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 for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "fo rward-looking information" and "forward -looking statements" within the
meaning of applicable securities laws. This information and statements address future activities, events,
plans, developments and projections. All statements, other than statements of h istorical fact, constitute
forward-looking statements or forward -looking information. Such forward -looking information and
statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan,"
"expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates,
3
opinions and analysis made by management of Grizzly in light of its experience, current conditions,
expectations of future developments and other factors which it believes to be reasona ble and relevant.
Forward-looking information and statements involve known and unknown risks and uncertainties that
may cause Grizzly's actual results, performance and achievements to differ materially from those
expressed or implied by the forward-looking information and statements 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 requisite 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.