Grizzly Gold Receives Approval for a 2nd Phase Drilling Permit on the Fox Springs Project
RENO, NV -- (Marketwired) -- 06/27/13 -- 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.
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