Grizzly Discoveries has filed for a permit to acquire a new industrial and metallic mineral in Alberta enclosing around 4,672 ha to increase its present land assets of over 2.4 million acres for the Alberta potash project. The location of the permit is 67 km northeast of the Medicine Hat City along the Saskatchewan boundary.
The permit request was made to enclose an area, which has DML Medhat 6-36-19-1, a significant oil test well, with gamma log spike that indicates the existence of potash of about 21.6 % K2O over 1 to 2 m. This potash intersection is at around 1,660 m deep under the surface, which is the ultimate depth for the prospective solution mining owing to the heat of the structure. Grizzly has current industrial and metallic mineral permits of over 968,000 A in the Medicine Hat Block, which are contiguous to and entirely enclosing the new application area. It is scheduling to drill a potash test hole in the Medicine Hat during the final quarter of 2011.
At present, the Company is planning to file an application for the permits to drill two holes. It may drill at least a hole on each of the 100% owned Medicine Hat’s south block, Provost-Lloydminster’s north block and 50%-owned Provost Property. It is anticipated that drilling and permitting on the Provost Property are to be financially supported by Pacific Potash and Grizzly. When the permitting is completed and drill contractors are chosen, the additional updates will be offered.
Source: http://www.grizzlydiscoveries.com/