Grizzly Acquires More Land for the Alberta Potash Project
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Grizzly Discoveries Inc. has applied for a new metallic and industrial mineral permit in Alberta covering approximately 4,672 hectares (11,680 acres) to add to its existing land holdings of more than 2.4 million acres for its Alberta Potash Project. The permit is located 67 km northeast of the city of Medicine Hat along the Saskatchewan border.
The permit application was submitted to cover an area that has a historic oil test well, DML Medhat 6-36-19-1, which has a gamma log spike indicative of a potash intersection of approximately 21.6 percent K2O over 1 to 2 meters. The intersection is at a depth of approximately 1,660 meters below surface, which is an ideal depth for potential solution mining due to the heat of the formation. Grizzly currently holds more than 968,000 acres of existing metallic and industrial mineral permits in its Medicine Hat Block that are adjacent to and completely surrounding the area of the new application. Grizzly is planning to drill at least one potash test hole in the Medicine Hat area in the last quarter of 2011.
About Grizzly Discoveries Inc.
Grizzly is an aggressive Canadian exploration company focused on exploring for: potash in Alberta; world class gold and base metal deposits in British Columbia; and diamonds in Alberta. Grizzly holds, or has an interest in, metallic and industrial mineral permits for potash totaling more than 2.4 million acres along the Alberta-Saskatchewan border. Grizzly currently has four precious-base metal properties in British Columbia totaling over 235,000 acres. Grizzly also currently holds more than 600,000 acres in diamond properties, which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
To stop by Grizzly’s website, CLICK HERE
