Grizzly Gold Receives Approval for a 2nd Phase Drilling Permit on the Fox Springs Project
June 27 2013 - 12:09PM
Marketwired
Grizzly Gold Corp. (OTCBB: GRZG) is pleased to announce it has
received approval for a 2nd phase drilling permit on the Fox
Springs Project.
The Fox Springs Project is located in Humboldt County, Nevada in
the southern Jackson Mountains and consists of 130 unpatented
claims. Grizzly Gold exploration activity to date includes
geological mapping, geochemical sampling, Phase 1 drilling and
follow-up geophysical surveys.
Exploration work thus far has indicated the potential for a bulk
mineable, sediment hosted gold deposit on the property with up to
.47 g/t gold in widely spaced Phase 1 drill holes.
"We are excited to be entering the 2nd phase of drilling on our
Fox Springs Project," said Grizzly Gold president Paul Strobel.
"Our recently completed IP survey targeted the best area of the
property. Currently, we are in the process of soliciting bids from
drill contractors. The tentative start date for drilling is
scheduled for early September, 2013."
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
Contact