Drills 7.37 g/t Gold Over 3.08 Metres At Ket 28 Target
Grizzly Discoveries Inc. (TSXV: GZD) has identified high-grade assay results in the first six of 15 holes drilled at the Ket 28 Prospect from the western portion of its 155,000 acre Greenwood Gold Project in south-central British Columbia.
Initial results have provided high-grade gold intersections and broad intercepts of moderate grade gold located near surface. The results have provided mineralised intercepts supporting an expansive near-surface gold system that is open on-strike and at depth and exhibits potential for an open pit bulk tonnage mineral resource.
An additional nine drillholes are pending assay results that have potential to expand the area and yield more significant gold grades and intercept lengths. The 2020 drill program meis complete with results anticipated through December 2020 and January 2021. The Ket 28 gold target is located in a road accessible, proven and prolific area, adjacent to the US border in south-central British Columbia, Canada.
Gold Target Highlights:
- Results from the first six holes intersected broad, near surface gold mineralization. Key intervals include 1.59 grams per tonne (g/t) gold (Au) over 17.8 m from 43 m including 7.37 g/t Au over 3.08m and 0.77 g/t Au over 31 mfrom 54.5m) including 1.42 g/t Au over 11.5 m from 61m
- All drill-holes intersected variable amounts of sericite-pyrite alteration with quartz veins and silicification hosted in a sedimentary schist, mafic volcanic to basalt package of rocks;
- Drilling continues to expand the volume and extent of gold mineralization at surface and to depth, with a strike length of greater than 400m, a width of about 100 m and multiple near flat lying zones intersected from surface up to a depth 125 m depth
- Diamond drill programme consisted of 1,975m in 15 drill holes;
CEO, Brian Testo, said the Ket 28 Target remains open to below a 125m vertical depth towards an underlying and potentially larger porphyry-type feature represented by a large 1 km by 2 km geophysical anomaly;
“Our first 2020 drill results confirm the presence of broad mineralisation at Ket 28, with near surface bulk tonnage potential as well as select high grade intervals,” Mr Testo said.
“We are highly encouraged by these first results that show consistent multiple zones of mineralisation across 400m of strike to a depth of 125 m and look forward to additional results from the remaining nine drillholes.”
The 2020 drill programme at the Ket 28 Prospect was designed to test the extent of the existing known surface gold mineralisation drilled by GZD in 2009 and 2010, adjacent to the unexplained and deep seated 1km by 2km magnetic anomaly. The first six holes were drilled from six pads and all six holes intersected broad gold mineralisation with five of the six holes intersecting multiple near flat lying zones, adjacent and at the contacts between mafic volcanic and volcanic sedimentary units.
