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grizzly discoveries inc (GZD) Details

Grizzly Discoveries Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, copper, cobalt, potash, and diamond deposits. As of November 1, 2018, it had interests in approximately 189,000 acres of precious-base metal properties in British Columbia along with metallic and industrial mineral permits for potash totaling approximately 60,000 acres along the Alberta-Saskatchewan border; and approximately 161,000 acres of properties, which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta. It also holds interests in the Robocop Cobalt-Copper-Silver property comprising five mineral claims covering 9,891 acres located in British Columbia. The company was formerly known as Grizzly Diamonds Ltd. and changed its name to Grizzly Discoveries Inc. in January 2010. Grizzly Discoveries Inc. was incorporated in 2002 and is headquartered in Edmonton, Canada.

Founded in 2002

grizzly discoveries inc (GZD) Top Compensated Officers

Chairman, President & CEO
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: C$42.8K
Advisor
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Advisor
Total Annual Compensation: --
Compensation as of Fiscal Year 2018.
grizzly discoveries inc
Grizzly Discoveries Inc Reports Earnings Results for the Second Quarter Ended January 31, 2019

Grizzly Discoveries Inc. announced earnings results for the second quarter ended January 31, 2019. For the second quarter, the company announced net loss was CAD 35,488 compared to CAD 46,187 a year ago. For the half year, net loss was CAD 247,113 compared to CAD 64,898 a year ago.

Grizzly Discoveries Inc, Annual General Meeting, Apr 30, 2019

Grizzly Discoveries Inc, Annual General Meeting, Apr 30, 2019, at 13:00 US Mountain Standard Time. Location: 110, 8429 24 Street NW Edmonton AB Alberta Canada Agenda: To receive and consider the financial statements for the year ended July 31, 2018 and the auditor's report thereon; to fix the number of Directors to be elected at the Meeting at four; to elect Directors for the upcoming year; to appoint auditors for the upcoming year and to authorize the Directors to fix their remuneration; to consider and, if deemed advisable, to ratify, confirm and approve the Company's stock option plan; to transact such other business as may properly be brought before the Meeting or any adjournment or postponement thereof.

Grizzly Provides Update on Exploration At Greenwood, BC and Grizzly Greenwood Plans for 2019

Grizzly Discoveries Inc. announced that it has been advised by Kinross Gold Corporation's wholly owned subsidiary, KG Exploration (Canada) Inc. ('Kinross') that it has completed its 2018 work program on the Grizzly Greenwood property, located near Greenwood in southern B.C. The 2018 work program, through drilling, has confirmed the presence of extensive epithermal alteration at the Midway target area. Kinross is planning further exploration within the Greenwood option area for 2019. Current plans and budget are in planning are still to be confirmed. The portions of Grizzly's Greenwood Project being explored by Kinross is 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly's land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia, by incurring USD 3 million in exploration expenditures over a 5 year period. KG Exploration (Canada) Inc. has incurred approximately CAD 1,280,500 in exploration expenditures to date. Grizzly 2019 Greenwood Exploration Plans: Grizzly has identified high priority drill targets at the Ket 28 prospect, located within the Rock Creek claim group of the Greenwood Project, at which historic drilling in 1994 intersected high grade gold with 52.19 g/t Au over 3.35 m core length. Drilling by Grizzly in 2009 and 2010 at the Ket 28 prospect, following up the historic drilling in the mid 1990's, yielded up to 2.77 g/t Au over 11 m core length and 8.75 g/t Au over 3 m, with a higher grade zone of 11.90 g/t Au over 2 m core length. Wider intervals of lower grade mineralization were intersected, as well with 1.02 g/t Au over 13.5 m core length and 1.19 g/t Au over 10.35 m core length. The company is currently planning a 2019 exploration program that will focus on the Ket 28 prospect, where the gold mineralization is open along strike and to depth, requiring further drill testing. Grizzly is planning a 10 to 15 hole drill program that will target the gold-prospective zone in the central portion of the Ket 28 prospect, with the intention of expanding the currently defined mineralized zone and developing a maiden mineral resource estimate. The initial Ket 28 drill program is expected to cost approximately $500,000 to $750,000, and is subject to financing.

 

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