Drilling Yields Potash grades up to 31.1% K2O over 0.3 metres
EDMONTON, ALBERTA--(Marketwire - Feb. 21, 2012) - Grizzly Discoveries Inc. (TSX VENTURE:GZD) (OTCQX:GZDIF) (FRANKFURT:G6H) ("Grizzly" or the "Company") is pleased to announce that it has discovered potash in a well near Medicine Hat on its 100% owned 984,000 acre South Block of its Alberta Potash Project. The Company currently owns 100% of the metallic and industrial mineral rights (including Potash) for 1,928,000 million acres in two blocks (north and South) and a 50% interest (along with Pacific Potash Corp.) in a further 523,000 acres (Provost Property) in Alberta.
Brian Testo, Director, President and CEO of Grizzly, commented "Our goal with the 2011 drill program was to confirm the presence of potash with potentially economic grades within Alberta. These results confirm the presence of potash on the property and we look forward to future drilling and development of a potential potash resource in Alberta, ranked as one of the top mining jurisdictions in the world by the Fraser Institute, and with a highly advantageous tax and royalty regime, which should have a positive impact on the future economics of an Alberta based potash development."