Grizzly Mobilizes Field Crew to the Robocop Cobalt-Copper-Silver Property, BC, Issues Options
Suite 363, 9768 170th Street,
Edmonton, Alberta, Canada, T5T 5L4
Tel: 780-693-2242 Fax: 780-693-2572
TSXV: GZD
OTCQX: GZDIF
Frankfurt: G6H
August 13th, 2018
GRIZZLY MOBILIZES FIELD CREW TO THE ROBOCOP COBALT-COPPER-SILVER PROPERTY, BC,
ISSUES OPTIONS
EDMONTON, ALBERTA – August 13 th, 2018 -- Grizzly Discoveries Inc. (TSX -V: GZD; Frankfurt: G6H)
("Grizzly" or the "Company") is pleased to announce that it has mobilized a field crew to the Robocop
Cobalt-Copper-Silver (Co -Cu-Ag) project near Roosville i n southeast British Columbia (B.C.). The field
crew, provided by APEX Geoscience Ltd., will conduct a two week surface exploration program in
advance of a follow-up airborne geophysical survey.
The Robocop claims comprise 9,891 acres and are located in southeast B.C., approximately 45
kilometres (km) south of Fernie and 70 km southeast of Cranbrook, immediately north of the Canada -
USA border. The property is located east of Grizzly’s Greenwood Property in southeastern British
Columbia.
The Board of Dir ectors of Grizzly have also authorized the issuance of an aggregate 1,050,000 stock
options to Officer, Directors, and Consultants of Grizzly with an exercise price of $0.10 and expiring on
August 13, 2023 or earlier in accordance with the Company’s stock option plan.
HIGHLIGHTS FOR THE ROBOCOP PROPERTY
• The Project is comprised of 9,891 acres in 5 mineral claims that are all road accessible just off
Provincial Highway 93 in southeast B.C.
• Initial surface trenching in the late 1980’s to early 1990’s yielded up to 0.0 6% Co and 1.93% Cu
over 6 m in one trench and in a separate trench up to 0.182% Co, 2.44% Cu and 9.6 grams per
tonne (g/t) Ag in sediment hosted mineralization within middle Proterozoic Purcell Group rocks.
• A total of 15 drillholes in the area between 1990 and 2008 have yielded several intersections of
near surface Co-Cu-Ag mineralization with grades of up to 0.134% Co, 1.19% Cu and 33.8 g/t Ag
over 1.23 m core length in hole R-1990-5 and 0.14% Co, 0.9% Cu and 2.7 g/t Ag over 3.1 m core
length in hole R-1990-6 (Thomson, 1990),
• Along with a n intersection of 0.18% Co, 0.28% Cu, 4.1 g/t Ag over 1 m core length in hole R -
2008-02 (Pighin, 2009), and
• Sediment hosted Co-Cu-Ag mineralization is similar in style, age and host rocks to eCobalts Idaho
Cobalt project and Hecla’s Revett Formation hosted mineralization near Troy Montana.
Prior work has identified a reas within the Robocop property with significant historic Co -Cu-Ag in soil
anomalies. Combined with historic drilling during the 1990’s (Teck Explorations Ltd.) and early 2000’s
(Ruby Red Resources) that yielded significantly anomalous near surface Co-Cu-Ag mineralization , the
project warrants follow up exploration including additional drilling. The Co -Cu-Ag mine ralization is
hosted in Sheppard Formation and is classified as mid-Proterozoic sediment hosted mineralization .
Based upon recent work by the USGS (Bookstrom et al. , 2016), Robocop Co-Cu-Ag mineralization is
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similar in style and age of host rocks to mineralization in the Blackbird Co -Cu-Au-Ag district in Idaho
including eCobalt’s Idaho Co balt Project. Grizzly believes that significant potential exists to expand the
known extent of the Co -Cu-Ag mineralization on the Property and further exploration is warranted. In
order to advance the project, Grizzly is planning to conduct a helicopter airborne magnetic and
conductivity survey, a first for the Robocop Property, to assist in identifying future drill targets.
Grizzly has commenced land use permitting for drilling at the Robocop Property that is anticipated to be
ready for a fall drilling campaign if required.
GRANT OF STOCK OPTIONS
The Board of Directors of Grizzly have also authorized the issuance of an aggregate 1,050,000 stock
options to Officers, Directors, and Consultants of Grizzly with an exercise price of $0.10 and expiring on
August 13, 2023 or earlier in accordance with the Company’s stock option plan. 250,000 of the options
authorized for issuance will be issued to insiders of Grizzly. All of the options will vest immediately upon
issuance. The options, exercise price, and the Company’s stock option plan are subject to the approval
of the TSX Venture Exchange
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 and its precious metals properties in southeastern
British Columbia and on developing significant Pota sh assets in Alberta . The Company holds, or has an
interest in: over 180,000 acres of precious-base metal properties in British Columbia along with metallic
and industrial mineral permits for potash totaling more than 60,000 acres along the Alberta -
Saskatchewan border; and more than 161,000 acres of properties which host diamondiferous
kimberlites in the Buffalo Head Hills region of Alberta.
The technical content of this news release and the Company’s technical disclosure has been reviewed
and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., 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
President
(780) 693-2242
For further information, please visit our website at www.grizzlydiscoveries.com or contact Investor
Relations:
Nancy Massicotte
IR PRO COMMUNICATIONS INC.
Tel: 604-507-3377
Toll Free: 1-866-503-3377
Email: [email protected]
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This press release contains "forward -looking information" and "forward -looking statements" within the
meaning of applicable securities laws. This information and statements address future activities, events,
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statements are frequently identified by words such as "may," "will," " 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 its experience, current conditions,
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 achievements to differ ma terially from those
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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 uncer tainties 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 upd ate or
revise any forward-looking information or statements except as may be required by law.