A Canadian mineral exploration Company
Focused on exploring for diamonds in Alberta and precious metals in North America.
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Grizzly Diamonds Ltd. > Message
Swimming_dolphins

Re: NEWS - Exploration Update

Posted by: QQ_Girl on March 26, 2008 08:50AM

In response to: NEWS - Exploration Update f... by AGORACOM

I do love the facts that are contained in the News Release however even more I love the fact that this company keeps us up to date on a regular basis - thank you for that!

here are some of my favourite bits...

Samples from both kimberlites have been catalogued, security sealed and sent to the Saskatchewan Research Council for caustic fusion diamond analysis and diamond indicator mineral analysis. Preliminary results are expected sometime during the next quarter.

Further exploration including a ground gravity survey and follow-up drilling during summer 2008 are being planned for kimberlite BE-02 in order to target and locate the central vent of the kimberlite.

Once this survey is complete, Grizzly will have completed airborne surveys over more than 2 million acres in the Buffalo Head Hills and will have first pass surveys completed over all of its Alberta land holdings. Preliminary data is expected during April, 2008 with final data sometime during May or June 2008.

Combine the diamonds with the new gold property and the silver that is still on the plate.... wow!

This next quarter should be very exciting - I have been trying to read as much as I can about diamonds and diamond indicators and sizes etc - does anyone have any estimates of what the stock might be worth if diamonds are hit in one or both kimberlites?  especially with only 18.3 million shares out?

QQ

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Brian Testo
President & CEO
July 15, 2008

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