Grizzly Gold Announces Shareholder Update
September 11 2013 - 5:52PM
Marketwired
Grizzly Gold Corp. (OTCQB: GRZG), a U.S.-
based mineral exploration company with operations and assets in
Nevada, today issued the following shareholder update letter from
Paul Strobel, President & CEO.
(To view the full version of the letter go to
grizzlygoldcorp.com and click on "news")
Dear Grizzly Gold Corp Shareholders:
First and foremost, we wish to thank you for your continued
support. We are pleased to update our activities to date and share
with you our vision for the Company's future.
Grizzly Gold Corp has achieved meaningful progress, especially
in this past year, as we continue to make measured gains and
implementing plans to create and capture shareholder value. To that
end, we are pursuing a second phase of drilling on our Fox Spring
gold project in north-central Nevada.
During the past two years we have accumulated compelling
evidence through mapping, sampling, a first round of drilling, and
geophysics that the Fox Spring project area may contain a large,
sediment hosted, bulk mineable gold deposit.
As we have done successfully in the past, we plan to fund a
second round of drilling with a private placement of shares in the
Company. Drilling is fully permitted with the BLM and is expected
to commence later this fall.
If we receive favorable results from a second round of drilling,
the company will be in the position to decide to seek a joint
venture with a major mining company, farm out the property for
continued development, or continue to enhance the property on our
own.
We expect the next six months to mark a major inflection point
in our growth. We have amassed the right mix of geologic evidence
and expertise to realize what we believe will be a promising
future.
The company encourages you to visit our website at
grizzlygoldcorp.com for all activity updates, technical
information, and links to required SEC filings.
Yours very truly,
Paul Strobel, President & CEO
About Grizzly Gold Corp 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.
Forward Looking Statements 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.
Grizzly Gold Corp Ph: 1-888-314-4535 email: Email Contact