Grizzly Prepares GOLD Drilling Program IN British Columbia, Canada
www.grizzlydiscoveries.com
Tel: +1 780 693 2242
GRIZZLY PREPARES GOLD DRILLING PROGRAM IN BRITISH COLUMBIA, CANADA
EDMONTON, ALBERTA – September 29, 2020 -- Grizzly Discoveries Inc. (TSX-V: GZD; Frankfurt: G6H;
OTCQB: GZDIF) ("Grizzly" or the "Company") is pleased to announce that it has commenced its 2,000+
metre (“m”), 11+ hole core drill program on the Ket 28 high -grade gold (“Au”) property, situated on its
Greenwood Property, located in an established , road accessib le and historic mining district in
southeastern British Columbia. This program is the first phase of drilling at Ket 28, designed to further test
the currently defined Au mineralized zone, leading to the development of a maiden mineral resource
estimate. The initial Ket 28 drill program is expected to cost approximately $500,000 and will be the
primary focus of the 2020 phase 1 exploration program.
Full Force Diamond Drilling Ltd. commenced drilling on core hole 20KT001 on S eptember 27th, 2020. A
picture of the initial drill setup is presented below. Grizzly is finalizing and preparing the remaining drill
collar locations for its Phase 1 d rilling program at Ket 28, with the goal , once all the assay results are
received prior to the end of 2020, of providing a maiden mineral resource in the first half of 2021.
Ket 28 drill site
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Historic Drilling at the Ket 28 prospect, located within the Rock Creek claim group of the Greenwood
Project, has intersected high grade gold with 52.19 grams per tonne ( g/t) Au over 3.35 m core length.
Drilling by Grizzly in 2009 and 2010 at the Ket 28 prospect following up the h istoric drilling in the mid
1990`s with up to 2.77 g/t Au over 11 m core length and 8.75 g/t Au over 3 m with a higher grade zone
of 11.90 g/t Au over 2 m core length.
Figure #1 – Grizzly Au Drill Hole Targets
Brian Testo, CEO , commented, “Our 2020 drill program is underway, and we are looking forward to
analyzing the results. This new data will advance us toward developing our initial resource estimate of
gold mineralization at Ket 28, on our expansive Greenwood property. We anticipate assay results before
the end of the year and we will build on these results to continue financing our exploration efforts in
southern British Columbia in 2021”.
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 over 156,000 acres of precious and
base metals properties in southeastern British Columbia. Grizzly is run by highly experienced junior
resource sector management team, who have a track record of advancing exploration projects from early
exploration stage through to feasibility stage.
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.
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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:
Chris Beltgens
Corporate Development
Tel: 604-347-9535
Email: [email protected]
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. 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, 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 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 reg ulatory
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.