Grizzly Samples 3.35% Copper at Its Robocop Battery Metals Project, Southeastern British
Grizzly Samples 3.35% Copper at Its Robocop
Battery Metals Project, Southeastern British
Columbia, Canada
Edmonton, Alberta--(Newsfile Corp. - September 15, 2021) -
Grizzly Discoveries Inc. (TSXV: GZD)
(OTCQB: GZDIF) (FSE: G6H) ("Grizzly" or the "Company")
is pleased to announce that phase 1
sampling results targeting existing anomaly areas and new high-priority conductivity anomalies in the
search for Cobalt (Co), Copper (Cu) and Silver (Ag) mineralization that have been received at its
Robocop Property.
The rock grab samples delivered results with up to 3.35% copper (Cu) and 196 ppm Co (Figure 1
below). The Company has isolated multiple high-priority geophysical targets that are supported by
anomalous copper-cobalt geochemistry along a 7 km trend (Figures 1 & 2 below). The anomalous trend
includes multiple geophysical anomalies that measure 200 to 600 m strike length. The Robocop
Property is 100% owned by Grizzly and is easily road accessible in Southeast British Columbia (the
"Property"), near the hamlets of Grasmere and Roosville.
Brian Testo, CEO of Grizzly commented, "It is great to find a high grade sample of battery metals
associated with a new anomaly at the Robocop. The Property has significant potential for new copper-
cobalt discoveries. The team is looking forward to drilling this new discovery and other promising
anomalies, this year."
Fig 1. 2021 and historical Cu in rocks & soils (bright samples are 2021 results)
.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4488/96661_4646a9f2345dfb3b_002full.jpg
The follow-up Phase 1 ground geochemical survey was designed to extend known anomalous areas and
targets, and test a number of high and secondary priority geophysical anomalies identified by the 2021
VTEM survey in the vicinity of the "
Discovery Area
" (See Figures 1 & 2) and across the property. The
Discovery Area has provided historical anomalous trench and core intersections of up to
0.134% Co
,
1.19% Cu
and
33.8 grams per tonne (g/t) Ag
over
1.23 m.
Over the course of the three-week program
a total of 530 soil samples and 16 rock samples were collected from across the property (see Figure 2
below). Outcrop of the targeted favourable horizon is poor.
Fig 2. Property wide rock and Soil sample results over conductivity from 2021 (bright samples are
2021 results).
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/4488/96661_4646a9f2345dfb3b_003full.jpg
A rock grab sample of malachite-bearing arkosic sandstone float material (See Figure 3 below) on a
south facing slope approximately 340 m west of the Discovery area returned 3.35% Cu and 196 ppm Co
and represents a new discovery of copper and cobalt. Coincident Cu and Co in soils in the area
indicates that Roo Formation sandstones, host to Cu- and Co-bearing mineralization, likely continue well
west of the known trenched and drilled mineralization at the Discovery area (Figure 1). The rock grab
sample was collected immediately down slope from the up-hill high priority conductive anomaly 15-3.
VTEM conductive anomalies 14-3 and 16-3 in the immediate vicinity also are coincident with
significantly anomalous Cu and Co in soils (Figure 1). None of these VTEM conductive anomalies have
been drill tested. The historical drilling to date is comprised of 15 holes in three locations over a strike
length of 1.1 km from the Discovery area to the southeast towards a tributary that flows into Phillipps
Creek without testing any of the VTEM anomalies. The 2021 soil sampling program has extended the
known length of anomalous Cu and Co to over 7 km of strike length up Phillipps Creek to the southeast
(Figures 1 and 2).
A number of additional priority 1 and 2 VTEM anomalies to the southeast including 13-3, 58-3, 57-3, 55-
3, 60-3, 45-3, 78-2 and 8-2 are spatially co-incident with Cu and Co in soil anomalies, both in historical
sampling and 2021 sampling. None of these anomalies nor the anomalous soils associated with them
have been drill tested. The 2021 soil sampling program has identified that the Phillipps Creek Cu and
Co soil anomaly can be traced continuously from the Discovery area up Phillipps Creek for close to 7 km
(Figures 1 and 2). A 2021 rock grab sample from altered arkosic sandstone retuned 1.4% Cu
approximately 4.3 km east of the Discovery area up Phillipps Creek (Figures 1 and 2).
A Notice of Work land use permit application for drilling a number of the VTEM anomalies from the
Discovery area up Phillipps Creek has been submitted to Front Counter BC's Cranbrook Office with
approval and anticipated drill testing sometime in fall, 2021. Funding permitting, ground geophysical
TDEM or IP surveys will be used as a Phase 2 program to test and firm up targets for drilling in fall 2021.
Additional soil and rock sampling may also be conducted as part of the Phase 2 work.
Fig 3. Strong malachite staining on metasiltstone-sandstone float found during the field program in
June 2021.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/4488/96661_4646a9f2345dfb3b_004full.jpg
The property is hosted within a similar geological setting to the Idaho Cobalt-Copper belt where
conductivity (EM) and magnetic surveying techniques along with soil and rock geochemistry have been
used previously to successfully guide drilling of prospective targets and assist in making new metal
discoveries.
HIGHLIGHTS FOR THE ROBOCOP PROPERTY
The Robocop Project is comprised of 9,053acres (3,663 ha) in five 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
0.06% Co
and
1.93% Cu
over
6 metres
(m) in one trench, and in a separate trench up to
0.146% Co
,
1.8% Cu
and 5.3
grams per tonne (g/t) Ag over
5 m
in sediment-hosted sulphide mineralization within middle
Proterozoic Purcell Group rocks (Thomson, 1990).
A total of 15 drill holes 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 an intersection of
0.18% Co
,
0.28% Cu
and 4.1 g/t Ag over
1 m
core length in hole R-2008-02 (Pighin, 2009).
All but one of the historical drillholes tested a single target in an area about 500 m by 350 m. The
Property is approximately 10 km in length and 3.5 km in width and contains numerous untested
anomalous soil +/- rock geochemical targets.
Sediment hosted Co-Cu-Ag mineralization is similar in style, age and host rocks to mineralization
at Jervois Mining Ltd.'s Idaho Cobalt project and Hecla's Revett Formation hosted mineralization
near Troy, Montana.
The Property has yielded significant historical cobalt, copper and silver results and presents an
opportunity to discover battery and electrification metals as the world shifts to electric vehicles,
sustainable practices and greener alternatives. The macroeconomic outlook for battery metals such as
Co and Cu remains strong with the ongoing shift to electric vehicles. It is estimated that the battery sector
accounts for approximately 57% of current Co demand; this is expected to grow over the next five years
to 72% and will require an additional 100,000 tonnes/annum of Cobalt to meet demand.
1
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, with 90 million shares issued, focused on developing its over 160,000 acres of precious and
base metals properties in southeastern British Columbia. Grizzly is run by a 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: 604 347 9535
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.
1
Cobalt's Price Rises Highlight Shift to Battery-Driven Pricing Dynamics
, Benchmark Mineral Intelligence, November 19
th
, 2021
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/96661