RENO, NV -- (Marketwired) -- 04/05/13 -- Grizzly Gold Corp (OTCBB: GRZG) ("Grizzly") is pleased to announce the completion 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.
The IP survey covered approximately 1200 acres mostly covered by alluvium in the southern half of the Fox Spring Project area where previous drilling demonstrated significant gold mineralization associated with pyrite.
"The gradient array IP survey just completed shows very strong and distinct anomalous areas that are likely near surface mineralized zones similar to our best drill holes in the 2012 first phase of drilling," said Grizzly Gold Corp President and CEO Paul Strobel. "The largest and strongest of the IP anomalies is in the immediate vicinity of hole LBV DH3. This IP survey information gives us strong targets for the 2013 Phase 2 drilling program."
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.
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.
Grizzly Gold Corp
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