Grizzly Prepares FOR Drilling at Its Ket 28 GOLD Prospect
www.GRIZZLYDISCOVERIES.com
+1 780 693 2242
GRIZZLY PREPARES FOR DRILLING AT ITS KET 28 GOLD PROSPECT
EDMONTON, ALBERTA – August 1 2, 2020 -- Grizzly Discoveries Inc. (TSX -V: GZD; OTCQB: GZDIF;
Frankfurt: G6H) ("Grizzly" or the "Company") is pleased to announce that exploration plans for the
Company’s Greenwood Gold Project are in progress with assistance from APEX Geoscience Ltd. The
Company is planning up to 2,500 meters of drilling at its Ket 28 gold Prospect to expand on previous drilling
that included 52.19 g/t gold over 3.35 meters. The Company anticipates a September 2020 start date to
drilling with on the ground exploration effo rts beginning in late August. Grizzly is finalizing drill collar
locations and is commencing consultation with local land owners, first nations groups and government
officials in preparation for drilling. Additional information will be provided once drill dates are finalized.
Grizzly’s projects are located in road -accessible areas of southcentral to southeastern British Columbia,
Canada.
The Company’s exploration efforts will be focused primarily at the Ket 28 Gold Prospect within the
Greenwood Gold Project . The majority of new drilling is targeting step -out and expansion drilling from
previous high-grade gold intercepts that are at or near surface. Key components of the 2020 Exploration
Program will include:
● Up to 2,500 meters of infill and expansion drilling;
● Ground sampling and mapping;
● Geophysics;
● Baseline environmental and permitting work, and;
● Developing additional, new targets surrounding other existing occurrences within the Greenwood
Gold Project.
Grizzly has partnered with and engaged APEX Geoscience Ltd. to perform exploration activities. APEX is a
leading, world-class geological consulting firm with a proven reputation at making new discoveries and
advancing projects through to production scenarios.
Proven and Prolific District
Grizzly is one of the largest mineral claim holders in the Greenwood district, which has historically
produced in excess of 7 million ounces of gold, and has numerous exploration targets within the
boundaries of its over 150,000 acre Greenwood Gold Project hosting multiple prospects including the
Copper Mountain, Midway, Dayton, Evening Star, Overlander, Mt. Attwood, EPU, Motherlode, and the
recently discovered Granby prospect. The Ket 28 Gold Prospect is situated 13 km from Kinross’ Buckhorn
Gold Mine (~1.2 million ounces of gold at 13 g/t gold average grade).
Grizzly sees numerous advantages at its existing gold prospects and exploration targets including the Ket
28 Prospect located throughout the Greenwood district:
● All exploration targets are road accessible;
● Any discoveries of near -surface mineable Au -Ag-Cu mineralization could take advantage of the
presence of the Greenwood Processing Facility or the Kettle River Mill near Republic, WA;
● Easy access to power and gas;
● Communities with a history of mining, significant infrastructure and skilled work force, and;
● Exploration and drilling permits in place at a number of Grizzly prospects.
2
Image #1: Grizzly Project Locations
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.
Stock Options
On August 11, 2020 the Company issued 250,000 stock options to a Director of the Company, with each
option exercisable for one common share of the Company at an exercise price of $0.08 expiring no later
than August 11, 2025. The options were issued under the terms of the Company’s stock option plan and
are subject to acceptance by 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 86.5 million shares issued, focused on developing its precious and base metals properties
in southeastern British Columbia. The Company holds, or has an interest in, over 156,000 acres of precious
metal properties in southeastern British Columbia.
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:
Jim Greig
Corporate Development
Tel: 778-788-2745 Email: [email protected]
3
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 "forward -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 historical fact, constitute
forward-looking statements or forward -looking information. Suc h 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,
opinions and analy sis 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 ri sks 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.