Grizzly Discoveries Inc. - President & CEO, Brian Testo
President & CEO, Brian Testo
Source: YouTube
  • Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month
  • Surface exploration on the project has begun while target drilling is on standby
  • Additional groundwork is being planned for certain areas
  • Drilling will begin at either the Dayton Prospect or at the Motherlode Pit area
  • Grizzly Discoveries Inc. (GZD) is down 9.52 per cent trading at $0.09 per share as of 2:38 p.m. ET.

Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month.

The company stated it surface exploration has begun in the Greenwood area while drilling for targets is on standby. Additional groundwork, including sampling, is being planned for the Mt Atwood-Overlander, Motherlode, and the Copper Mountain areas.

“We look forward to the start of the 2022 drill program after completing a significant financing that will allow us to complete our drill programs at the Robocop Battery Metals Project at our Greenwood Precious Metals-Battery Metals Project,” Brian Testo, President and CEO of Grizzly, said.

Grizzly is anticipating that the drilling program will begin with drilling at either the Dayton copper-gold-silver porphyry target near Rock Creek or at several skarn related targets in and around the historical Motherlode Pit area.

Source: Grizzly Discoveries Inc.

The company is also working to secure permits for the Robocop Project. Once permits for drilling are received, a second drill rig will be engaged to complete the Robocop drilling, or the rig engaged for the Greenwood drill program will be shifted to the 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… [geology of] the Robocop and Greenwood areas has the potential to yield world-class discoveries,” Testo said.

Grizzly Discoveries Inc. (GZD) is down 9.52 per cent trading at $0.09 per share as of 2:38 p.m. ET.


More From The Market Online

Nine Mile Metals completes acquisition of 3 properties

Nine Mile Metals (CSE:NINE) completes the exercise and acquisition of its 100 per cent interest in three properties in New Brunswick.

Junior gold CEO signals conviction with new investment

Cynthia Le Sueur-Aquin, CEO of junior gold stock Laurion Mineral Exploration (TSXV:LME), will exercise 750,000 stock options for C$142,500.

Three stocks with multi-bagger potential

The best investors stick to stocks with the most easily discernible reasons in support of their multi-bagger potential.
Laurion Mineral Exploration Ishkõday gold project

Top-performing mining stock adds three new gold zones

Laurion Mineral Exploration (TSXV:LME), a top-performing junior gold stock, shares assay results from its 2024 drilling program in Ontario.