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Grizzly Discoveries (TSXV:GZD) completes VTEM geophysical survey at Robocop Property

Mining
TSXV:GZD
01 February 2021 13:15 (EDT)

Grizzly Discoveries Inc. (GZD) is pleased to announce that Geotech Ltd. has completed the company’s approximately 400 line km Versatile Time Domain Electromagnetic (VTEM™) and magnetic survey over its 100 per cent owned, road accessible Robocop Property in British Columbia.

The VTEM™ survey was flown at 100 metre spacing and, following interpretation, the data will provide the first property-wide, high resolution geophysical images of the property.

An initial review of preliminary data indicates the presence of a number of EM (conductive) and magnetic anomalies that will require follow-up review and exploration.

The survey is the first of many modern exploration techniques that will be used to explore and develop the Robocop Cobalt (Co)-Copper (Cu)-Silver (Ag) project.

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.

Grizzly CEO Brian Testo said the company is pleased to hit the ground running in 2021 by completing the first step of this year’s exploration program at its Cobalt-Copper-Silver prospective Robocop Property.

“Following interpretation and analysis of the VTEM survey raw data, we look forward to identifying targets for our planned drill program at Robocop in the summer of 2021.”

The VTEM™ dataset will help to better define the geological model of the property and to target conductive portions of the assemblage, potentially those associated with both stratigraphic and vertical structural anomalies, particularly those that might be associated with sulphide minerals and Co-Cu-Ag mineralization, in advance of a planned summer 2021 drilling campaign.

The property is hosted within a similar geological setting to the Idaho Cobalt-Copper belt where conductivity and magnetic surveying techniques have been used previously to successfully guide drilling of prospective targets and assist in making new metal discoveries.

The Robocop Project is comprised of 6,850 acres 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 per cent Co and 1.93 per cent Cu over 6 metres in one trench, and in a separate trench up to 0.146 per cent Co, 1.8 per cent Cu and 5.3 grams per tonne Ag over 5 m in sediment-hosted sulphide mineralization within middle Proterozoic Purcell Group rocks.

Grizzly Discoveries Inc. is up 8.33 per cent to C$0.065 per share.

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