Edmonton-Grizzly Diamonds Ltd. said back in June that it has been awarded a number of metallic mineral permits on some 500,000 acres, which include subsurface potash rights, in east-central Alberta along the border with Saskatchewan. Of this acreage, Grizzly retains the stake in 350,000 acres, but has found joint venture partners for three large parcels. They include the Teddybear-2 property, consisting of 50,000 acres located 50 kilometers northeast of Medicine Hat, with an option signed with Nordic Diamonds Ltd.; Teddybear-3, with 50,000 acres 40 kilometers east of Medicine Hat, with an option signed with Takara Resources Ltd.; and the Rattlesnake North property, with 50,000 acres located 200 kilometers southeast of Edmonton with an option signed with Shear Minerals Ltd. Grizzly says a large portion of its property is located in proximity to areas reported to be underlain by potash bearing beds within the uppermost portion of the Prairie Evaporite Formation. The players have initiated a detailed compilation of all historic exploration, including oil and gas drilling, and seismic data for the permits leading to a National Instrument 43-101 technical report. Field programs are being conducted under the supervision of Michael Dufresne, P. Geol., a principal of APEX Geoscience Ltd. Grizzly says it is an aggressive Canadian exploration company focused on exploring for diamonds and industrial minerals in Alberta and precious metals in North America. For more information, see www.grizzlydiamonds.com.
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