Grizzly Reports on High Grade Battery Metal Ag-Pb-Zn Samples Obtained from the Historical Crown Point Mine Area
Grizzly Reports on High Grade Battery Metal
Ag-Pb-Zn Samples Obtained from the
Historical Crown Point Mine Area
Greenwood, British Columbia and Edmonton, Alberta--(Newsfile Corp. - February 6, 2023) -
Grizzly
Discoveries Inc. (TSXV: GZD) (FSE: G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is
pleased to announce that it has recently received analytical results for 19 selective rock grab samples
collected during late 2022 from the historical Silver (Ag)-Lead (Pb)-Zinc (Zn) Crown Point Mine area
which is about 10 km north of the town of Rock Creek in the west-central portion of the Company's
Greenwood area mineral claims in south-central British Columbia (BC). The Crown Point and Leona
Group historical mines are hosted in Late Paleozoic Anarchist volcanic and sedimentary rocks with
mineralization consisting of pyrite-galena-sphalerite in quartz veins and pods associated with northwest
and northeast trending faults related to the eastern edge of the Rock Creek Graben.
Highlights
A total of 19 new selective rock grab and composite rock grab samples from outcrop collected
from the Crown Point to Leona historical mines area, with 9 of 19 rock grab samples from
outcropping mineralization yielding a range from 23.8 grams per tonne (g/T) silver (Ag) up to 429
g/T (or 12.51 ounces per ton [opt] Ag) (Table 1, Figures 1 to 3).
Six (6) of the 7 new selective rock grab samples from the historical Crown Point Mine area yielded
from 25.2 g/T Ag (0.74 opt Ag) up to 94.3 g/T Ag (2.75 opt Ag), with all 6 samples yielding
significant percent level lead (Pb) and zinc (Zn) with 1.52% up to 5.86% Pb and 1.51 up to 6.42%
Zn. One of the six samples yielded 1.305 g/T gold (Au) shown in Table 1 and on Figure 1.
Approximately 350 m southeast of the Crown Point, three (3) of 12 new selective rock grab
samples from the Leona Group showings and historical mines (Figure 2) yielded from 23.8 g/T Ag
(0.69 opt Ag) up to 429 g/T Ag (12.51 opt Ag) along with very high levels of lead (up to >20% Pb).
All highly anomalous samples are from outcrop and characterized by the presence of abundant
pyrite, visible galena and sphalerite in quartz veins and pods or in silicified metavolcanic or
metasedimentary rocks (Greenstones). The mineralization can be described as polymetallic veins
and altered wall rock that display the presence of lead, zinc, copper and arsenic and are likely
metasomatic in nature. Granodiorite and diorite intrusions have been noted nearby.
The Crown Point and Leona showings are somewhat lined up along a northwest trending structure
near the eastern edge of the Rock Creek Graben characterized by northeast trending normal faults
(Figure 3).
Table 1: Selected geochemical highlights for 19 rock grab samples* collected from the Crown
Point Mine area including the Crown Point and Leona Group showings.
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*Selective rock grab samples are illustrative of the tenor of mineralization for the material collected but may or may not be characteristic of the overall
mineralization of the zone sampled as they are selective in nature.
Figure 1: Crown Point Adit and Mineralization.
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Figure 2: Leona area quartz vein and galena mineralization in outcrop.
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Figure 3: Crown Point area recent rock geochemistry (Ag) and geology.
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Assaying was conducted at ALS Global in Vancouver with each sample analysed for gold by a standard
fire assay (Au-ICP-21), which involved the fusion of a 30 g sample aliquot and a wet chemical (ICP)
finish. "Overlimit" Au-ICP21 results (>10 g/T Au) were followed up with Au-GRA21 analysis. This involved
a 30 g fire assay fusion and gravimetric finish. Additionally, each sample was submitted for multi-
element geochemical analysis by the ME-MS61 technique, which is an ICP-MS analysis following a
near-total, four-acid, digestion of a 0.25 g sample aliquot. Initial silver and base metal (Cu, Pb and Zn)
"overlimit" ICP-MS results (>100 g/T Ag and >1% for base metals) were analysed by a follow-up, "ore
grade" ICP technique (OG62), which also involved ICP analysis following a four-acid digestion on a 0.4 g
sample aliquot. Any samples with silver values by OG62 >1,500 g/T were re-analysed by 30 g fire assay
with a gravimetric finish (Ag-GRA21). ALS Minerals has developed and implemented strategically
designed processes and a global quality management system at each of its locations that meets all
requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015.
The Company has recently completed Phase 1 drilling on the Dayton and Motherlode North prospects.
The results have been received for Dayton and been provided in a news release by the Company dated
December 23, 2022. The Company will provide an update on the results of drilling at Motherlode North in
the near future. Assays are still pending for a number of drillholes.
Brian Testo, President and CEO of Grizzly Discoveries, stated, "
We are excited at the high grade silver
and battery metal values that have been obtained from the historical Crown Point and Leona Group
Mines and potential for additional mineralization. We have not conducted any significant work at the
Crown Point area as it was acquired more recently but is part of our current significant land holdings in
the Greenwood District. We are planning follow-up work in 2023 at these showings.
"
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
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Nancy Massicotte
Corporate Development
Tel: 604-507-3377
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.
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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
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