|By Marketwired .||
|June 10, 2014 12:33 PM EDT||
EDMONTON, ALBERTA -- (Marketwired) -- 06/10/14 -- Grizzly Discoveries Inc. (TSX VENTURE:GZD)(OTCQX:GZDIF)(FRANKFURT:G6H) ("Grizzly" or the "Company") is pleased to announce that it has acquired additional permits (the "New Permits") for its Alberta Diamonds Project by staking 34,496 hectares (85,241 acres) of highly prospective lands for diamond-bearing kimberlites in the Buffalo Head Hills area of North-central Alberta. These additional claims add to the 57,529 hectares (142,157 acres) already held by the Company's Alberta Diamond Project in the Buffalo Head Hills area. The Company's Alberta Diamond Project hosts at least 7 kimberlites, to date 3 of which have been identified with microdiamonds.
Subsequent to staking the New Permits, the Company's Alberta Diamond Project now covers 92,025 hectares (227,399 acres) of the Buffalo Head Hills kimberlite field, for which Grizzly has the exclusive rights to explore for metallic and industrial minerals. The Alberta Diamond Project permits are in good standing until dates ranging from late 2014 to 2027, subject to biannual assessment work. Grizzly has conducted exploration in the Buffalo Head Hills kimberlite field since 1997 completing numerous geophysical and heavy-mineral indicator surveys, and discovering three new diamondiferous kimberlite bodies in 2008 and 2009, bringing the total number of kimberlites within Grizzly's Buffalo Head Hills kimberlite field-hosted Alberta Diamond Project to seven.
Grizzly's Alberta Diamond Project lies within the Buffalo Head Hills kimberlite field, which is located approximately 35 to 45 kilometers northwest of the Hamlet of Red Earth Creek, Alberta, and approximately 330 kilometers northwest of Edmonton, Alberta. 41 kimberlites have been discovered by various parties in the Buffalo Head Hills kimberlite field, an area of approximately 2,500 square kilometres representing the third largest known district of significant diamond-bearing kimberlites in Canada after Lac de Gras, Northwest Territories and Fort a la Corne, Saskatchewan. The diamondiferous Buffalo Head Hills kimberlite field has generated exploration interest due to the relatively large kimberlite dimensions (up to 45 hectares), encouraging diamond contents (up to 55 carats per hundred tonnes with the presence of some colored diamonds), and high ratio of diamondiferous to barren kimberlite (28 of 41 kimberlites tested contain diamonds). The Buffalo Head Hills Joint Venture (unrelated to the Company), comprised of Canterra Minerals Corporation (33%), Shore Gold Inc. (33%) and Encana Corporation (34%) currently hold five kimberlite bodies in the field which have undergone mini-bulk and bulk sampling (between 22 and 616 tonnes): kimberlites K6, K11, K14, K91 and K252.
The potential for discovery of additional diamondiferous kimberlites within Grizzly's Buffalo Head Hills properties is considered high based upon the favourable regional geological setting and the positive results of exploration conducted to date by Grizzly. Grizzly's geological consultants, APEX Geoscience Ltd. of Edmonton, Alberta, have recommended that, subject to financing, Grizzly proceed with exploration on two fronts. First, bulk sample the BE-2 and BE-3 kimberlites discovered by the Company in 2008, which returned close to 1 microdiamond per kilogram during the 2008 drilling campaign. Second, proceed to drill test the numerous high priority targets that Grizzly has identified in the region in order to continue the search for new diamondiferous kimberlites. Particularly, Grizzly will focus on kimberlites with a weak magnetic signature, which have tended to yield better diamond counts in the Buffalo Head Hills kimberlite field.
Based on these recommendations, Grizzly has staked its new lands in the vicinity of the Buffalo Head Hills Joint Venture's K6, K11, K14, K91 and K252 kimberlites and plans to conduct new detailed ground geophysical surveys, combined with the acquisition of detailed lidar and airborne orthophoto data, in the search for new kimberlites in the vicinity of what are considered to be the best kimberlites yet discovered in the Buffalo Head Hills kimberlite field.
The Company has not conducted significant exploration work on its Alberta Diamond Project since the kimberlite discoveries in 2008, however has maintained in good standing the permits covering the discovered kimberlites and identified targets deemed to be of the highest prospectivity. In addition to the encouraging exploration results obtained by the Company and by other unrelated parties which have conducted exploration in the area, the Buffalo Head Hills region contains infrastructure, utilities, skilled labour, roads and access that would potentially be required to economically develop a diamond mine.
Grizzly is evaluating strategies for the renewal exploration at its Alberta Diamond Project, which was the Company's initial project during its initial public offering in 2004 (under the name Grizzly Diamonds Ltd.). This has been prompted by the renewed interest in diamond exploration by a number of companies across Canada, indicating a resurgence in market sentiment towards diamond exploration. The Company will consider both undertaking its own drill program, as well as pursuing the possibilities of joint ventures on its Buffalo Head Hills properties. Grizzly is actively seeking equity funding and/or joint venture partners to invest in further diamond exploration at its Alberta Diamond Project in the Buffalo Head Hills area.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 48.7 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds, or has an interest in: metallic and industrial mineral permits for potash totaling more than 900,000 acres along the Alberta-Saskatchewan border; over 235,000 acres of precious-base metal properties in British Columbia; and more than 200,000 acres in properties which host diamondiferous kimberlites in the Buffalo Head Hills and Birch Mountains of Alberta.
The content of this news release and the Company's technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
On behalf of the Board
Grizzly Discoveries Inc.
Brian Testo, President
For further information, please visit our website at http://www.grizzlydiscoveries.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution concerning forward-looking information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Grizzly in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Grizzly's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.
Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Grizzly disclaims any obligation to update or revise any forward-looking information or statements except as may be required by law.
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
Dec. 26, 2014 06:00 AM EST Reads: 2,313
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 26, 2014 06:00 AM EST Reads: 1,935
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Dec. 26, 2014 05:00 AM EST Reads: 1,772
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will w...
Dec. 26, 2014 05:00 AM EST Reads: 1,851
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
Dec. 26, 2014 04:15 AM EST Reads: 2,668
SYS-CON Media announced that Centrify, a provider of unified identity management across cloud, mobile and data center environments that delivers single sign-on (SSO) for users and a simplified identity infrastructure for IT, has launched an ad campaign on Cloud Computing Journal. The ads focus on security: how an organization can successfully control privilege for all of the organization’s identities to mitigate identity-related risk without slowing down the business, and how Centrify provides ...
Dec. 26, 2014 04:00 AM EST Reads: 1,733
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Dec. 26, 2014 04:00 AM EST Reads: 1,974
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Dec. 26, 2014 02:45 AM EST Reads: 2,116
The term culture has had a polarizing effect among DevOps supporters. Some propose that culture change is critical for success with DevOps, but are remiss to define culture. Some talk about a DevOps culture but then reference activities that could lead to culture change and there are those that talk about culture change as a set of behaviors that need to be adopted by those in IT. There is no question that businesses successful in adopting a DevOps mindset have seen departmental culture change, ...
Dec. 26, 2014 01:45 AM EST Reads: 1,599
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Dec. 26, 2014 01:00 AM EST Reads: 2,433
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 26, 2014 12:00 AM EST Reads: 2,830
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the ...
Dec. 25, 2014 04:00 PM EST Reads: 1,791
This builds on Puppet Labs' first class Windows support, including native .MSI packages for x32 and x64 operating systems, modules to extend common Windows server management tools, including Powershell, and integrations with Microsoft Azure and Visual Studio. By automating common Windows administration tasks, Puppet Labs is enabling users to adopt DevOps practices, thereby reducing the time needed to deploy applications from weeks to hours.
Dec. 25, 2014 04:00 PM EST Reads: 1,085
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
Dec. 25, 2014 02:00 PM EST Reads: 2,473
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
Dec. 25, 2014 12:30 PM EST Reads: 1,840