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Monday, 23rd February 2009 (921 views)

Grizzly Diamonds has reported that it has signed a new option agreement with Mineworks Ventures to purchase a 100 per cent interest in the Sidley-Dayton gold property.

Located near Rock Creek, west of Greenwood, British Columbia, the prospect covers a contiguous block of land of around 135,000 acres and is easily accessible by road from Midway, Greenwood and Grand Forks.

According to Grizzly, the prospect is host to a number of historic mineral occurrences, including the Lawless gold and Dayton gold-silver-copper veins.

Brian Testo, Grizzly president and chief executive, stated that the addition of the Sidley-Dayton gold property to its Greenwood gold project "makes Grizzly the dominant land holder in the region and a significant player in a world-class gold district".

The company now plans to make the Greenwood gold project one of its "top priority projects during 2009 and beyond", he added.

Canadian exploration firm Grizzly Diamonds is traded on the TSX Venture Exchange and has precious metals exploration activities in North America and British Columbia.

 

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