Grizzly Gold Announces Commencement of BLM Permitting Process for 2013 Phase 2 Drilling
May 22 2013 - 1:48PM
Marketwired
Grizzly Gold Corp (OTCBB: GRZG) ("
Grizzly")
is pleased to announce the commencement of the BLM permitting
process for the 2013 Phase 2 drilling of up to 10 holes as a
follow-up to the 2012 Phase 1 drilling results, additional claim
staking, and a gradient array IP survey on its Fox Spring Project
in Humboldt County Nevada.
A gradient array IP survey conducted on the Fox Spring Project
area by Zonge International was completed in March 2013. The survey
covered approximately 1200 acres mostly covered by alluvium in the
southern half of the Fox Spring Project area where previous
drilling demonstrated significant gold mineralization associated
with pyrite.
"The IP survey shows very strong and distinct anomalous areas
that are likely near surface mineralized zones similar to our best
drill hole in the 2012 first phase of drilling," said Grizzly Gold
Corp President and CEO Paul Strobel. "The Phase 2 drilling program
is designed to target the best of the IP anomalies in the area of
Phase 1 hole LBV DH 3 which contained .30g/t gold at the bottom of
the hole."
Fox Spring Project Grizzly has an option
to acquire 100% of the rights to the mining interest of the
LB/Vixen property located in Humboldt County, Nevada in 2011, which
originally consisted of 30 unpatented claims. Grizzly has since
staked 100 additional claims in the vicinity of the LB Vixen claim
group that now collectively comprises Grizzly's Fox Spring Project
of 130 contiguous claims including the LB Vixen property.
About Grizzly Gold
Grizzly Gold Corp is a US based exploration company focusing on
advancing development on its gold projects in the Nevada area.
Grizzly Gold is a publicly traded company on the OTCBB.
Disclaimer: This announcement may contain forward-looking
statements which involve risks and uncertainties that include,
among others, limited operating history, limited access to
operating capital, factors detailed in the accuracy of geological
and geophysical results including drilling and assay reports; the
ability to close the acquisition of mineral exploration properties,
and other factors which may cause the actual results, performance
or achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. More information is included in
the company's filings with the Securities and Exchange Commission,
and may be accessed through the SEC's website at
http://www.sec.gov.
Contact Info: Grizzly Gold Corp Ph: 1-888-314-4535 Email: Email
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