Mar 7 2013
Grizzly Gold Corp ("Grizzly") is pleased to announce the commencement of an Induced Polarization (IP) survey on the Fox Spring Project as a follow-up to the 2012 Phase 1 drilling results on the LB Vixen property and additional claim staking on its Fox Spring Project in Humboldt County, Nevada.
"Assay results from the four Phase 1 drill holes on the LB Vixen property in 2012 were extremely encouraging," said Grizzly Gold Corp President and CEO Paul Strobel. "All four widely spaced holes encountered gold mineralization demonstrating the possible existence of a large bulk tonnage, sediment hosted gold deposit on the LB Vixen property."
The Fox Spring Project area is primarily covered by Quaternary alluvium. Due to the general lack of outcrop exposure, the first phase of drilling in 2012 was intended to help determine the overall extent and trend of mineralization. The results of the IP survey will help determine the next phase of testing and target selection for Phase 2 drilling in 2013.
Fox Spring Project
Grizzly has an option to acquire 100% of the rights to the mining interest of the LB/Vixen property located in Humboldt County, Nevada in 2011, which originally consisted of 30 unpatented claims. Grizzly has since staked 100 additional claims in the vicinity of the LB Vixen claim group that now collectively comprises Grizzly's Fox Spring Project of 130 contiguous claims including the LB Vixen property.
Source: http://www.grizzlygoldcorp.com/