Grizzly Provides Details on 2022 Fieldwork at Its British Columbia Precious and Battery Metals Projects
Grizzly Provides Details on 2022 Fieldwork at
Its British Columbia Precious and Battery
Metals Projects
Edmonton, Alberta--(Newsfile Corp. - May 4, 2022) -
Grizzly Discoveries Inc. (TSXV: GZD) (FSE:
G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce that crews will be
mobilizing to the Greenwood District during the first two weeks of May to commence preparations for
surface based fieldwork and eventual drilling during 2022.
The Company is permitted for initial drilling programs at its Motherlode and Dayton Prospects in the
Greenwood area, British Columbia (BC) and is currently in the process of obtaining the required permits
for drilling at the Robocop Project near Grasmere, BC.
Grizzly intends to use the proceeds from the recently completed financing to conduct surface exploration
including soil and rock sampling, ground geophysical surveys followed by drilling at its Greenwood and
Robocop projects in southern BC.
Grizzly will focus efforts at a number of new and existing high-priority battery metals targets at Robocop
(copper, cobalt and silver) and precious metals - battery metals targets at Greenwood (gold-silver-
copper and other based metals).
The ground exploration will be focused on or near prospective targets to be drilled during 2022. Recent
geophysical and geochemical results have outlined large areas with geological potential to generate
new discoveries at both projects.
Brian Testo, President and CEO of Grizzly Discoveries, stated, "We look forward to the start of the 2022
program after completing a significant financing that will allow is to complete our long-awaited drill
programs at the Robocop Battery Metals Project at our Greenwood Precious Metals-Battery Metals
Project.
"Grizzly has significant potential for new copper-cobalt and copper-precious metal discoveries during a
time when demand for battery metals is surging due to the shift to renewable energy sources and electric
vehicles. We are looking forward to commencing an initial Phase 1 program over the next couple of
months to isolate drill targets in preparation for Phase 2 - 2022 drill testing. The geology of the Robocop
and Greenwood areas has the potential to yield world-class discoveries. Finally, we would like to thank
our shareholders for their ongoing support and participating in our future by exercising share purchase
warrants."
Warrants Exercised
Between April 26 and May 2, 2022, the Company issued 750,000 common shares for proceeds of
$56,250 pursuant to the exercise of warrants. Including previously announced warrant exercises in 2022,
the Company has issued a total of 1,552,500 common shares of Grizzly for proceeds of $116,437
pursuant to the exercise of warrants
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.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange focused on developing its approximately 66,000 ha (approximately 165,000 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.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Chris Beltgens
Corporate Development
Tel: 604 282 6372
Email:
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 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/122661