Grizzly Identifies Significant Sulphide Bearing, Intrusion-Related Porphyry Target at Sappho, Greenwood BC
Grizzly Identifies Significant Sulphide Bearing,
Intrusion-Related Porphyry Target at Sappho,
Greenwood BC
Edmonton, Alberta--(Newsfile Corp. - July 6, 2026) -
Grizzly Discoveries Inc. (TSXV: GZD) (FSE:
G6H) (OTCQB: GZDIF) ("Grizzly" or the "Company")
is pleased to announce preliminary results
from the Phase 2 Induced Polarization (IP) program, conducted in April 2026 to follow up excellent prior
results from both surface sampling, historical drilling and Phase 1 IP results, at the Sappho Critical
Minerals Target (Figure 1). A total of seven lines of IP for 10.1 line-kms were completed between the
Phase 1 and Phase 2 surveys at Sappho outlining and extending a significant chargeability anomaly
identified in the Phase 1 work. It is interpreted that a strong chargeability anomaly likely represents
disseminated sulphide that is likely associated with an intrusion related porphyry target near Greenwood,
British Columbia (BC).
The Company is currently in the process of permitting additional drillhole pads to complete drill testing of
the chargeability target later in the year. Further IP work, geological mapping and surface sampling
centered on the target are planned and in progress prior to the commencement of additional drilling.
A total of seven core holes for a total 1,485 m were completed in late April — to mid-May targeting the
near surface Sappho Skarn Target looking for copper-gold-silver-platinum group elements (Cu-Au-Ag-
PGEs). The Sappho Skarn Target is immediately adjacent to the chargeability anomaly. Samples from
the seven core holes have all been collected and submitted to ALS Global in Kamloops and Vancouver.
Results will be announced once received, verified, and interpreted.
Highlights
Phase 2 Sappho IP results extend the chargeability anomaly up to 600 m south and 800 m east
and is open in both directions (Figures 2 and 3).
The core of the IP chargeability anomaly ranges from 30 mV/V up to 105+ mV/V in intensity, and in
several instances is coincident with a strong resistivity anomaly or in some cases a weak
conductivity anomaly (Figures 2 and 3).
Along the west edge of the chargeability anomaly, there is moderate to strong anomalism with
copper and gold in soils and in rocks (Figures 4 and 5).
The Sappho Skarn Zone itself is peripheral to the strong chargeability anomaly (Figure 6).
The northwest contact of the chargeability anomaly, coincident with the associated anomalous
Sappho soils, is a graben edge sympathetic fault to the northeast trend of the Toroda Graben faults
which host numerous pyroxenite-monzonite-diorite (older - Jurassic) and younger quartz-feldspar
porphyry (QFP)-diorite (Tertiary) intrusions into intermediate-mafic volcanics along with a complex
magnetic feature at the Sappho Main Skarn Target area (Figure 1).
The 2026 IP Survey has detected a new significant deeper chargeability anomaly on the southeast
part of the grid - likely up against one of the main Sappho faults (Figures 1 to 6). The chargeability
anomaly is not closed off and is on the order of 30 to greater than 100 mV/V and is comparable in
size and intensity with a number of porphyry targets that have yielded new porphyry discoveries
across BC recently.
The chargeability anomaly and porphyry target appears to be gaining in strength approaching the
USA Border. As a result, the Company has staked a total of 35 Bureau of Land Management lode
mineral claims in Washington State covering the potential southern extent of the anomaly.
Brian "Griz" Testo, President & CEO of Grizzly Discoveries, states: "Anomalous ground magnetics and
now IP has outlined multiple and significant new targets across the Sappho Project. I am excited to see
what the next phase of drilling might show us. Grizzly will continue to refine these targets to the drill ready
stage for drilling in the next couple of months and we look forward to potentially identifying new
discoveries."
Ongoing Exploration
The Company is continuing with surface exploration in the Greenwood area. Crews from APEX
completed trenching and rock sampling in June at the Midway Mine area, as well as some follow up
sampling at the Sappho Chargeability Target area. The 2026 exploration work is ongoing and includes
prospecting and rock sampling at targets in the Motherlode area, the Rock Creek area, the Midway
area, the Copper Mountain area, the Overlander-Attwood area and surrounding the Sappho (Figure 7).
Additional groundwork including ground geophysical surveys are being planned and will comprise IP,
magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas (Figure
7). Drillhole and rock sampling results from the 2026 work are pending and will be released as they are
received.
Sappho Geological Overview
The East and West Faults of the Toroda Graben likely played a role in controlling the Au-Ag
mineralization for the Buckhorn Skarn and Mine to the southwest and the Cu-Au-Ag mineralization for the
Motherlode/Greyhound skarns to the north (Figure 7). Skarn and porphyry style alteration and
mineralization along with Cu-PGE's-Au-Ag are observed in outcrop and drill core along with a complex
magnetic signature in the Main Sappho Skarn area.
Five (5) new sulphide showings were discovered during 2022 field work, with 4 of the 5 showings
yielding rock grab samples with >1% copper (Cu) up to as high as 7.25% Cu (Figure 1 and see
Grizzly news release dated November 3
rd
, 2022).
In previous sampling. A total of 17 rock grab samples returned values >1% Cu up to 9.06% Cu,
many also with anomalous gold (Au), silver (Ag), platinum (Pt) and palladium (Pd). A total of 11
samples have yielded >500 parts per billion (ppb) Pt and Pd up to 4.64 grams per tonne (g/t) Pt
and up to 2.28 g/t Pd.
The Sappho area is being targeted for copper-gold skarn and porphyry type targets associated with a
Jurassic alkalic intrusive complex and several younger diorite intrusions (Figure 1). A total of five new
showings of copper oxide mineralization were found during the 2022 program. Previous surface
sampling and drilling by Grizzly has yielded significant anomalous copper, gold, silver along with
platinum and palladium. Numerous historical and new rock grab samples have yielded greater than 1%
Cu, 1 g/t Au, 1 g/t Ag, 1 g/t Pt and 1 g/t Pd (Figure 1).
Figure 1: Sappho Rock Sampling Summary 2026 and IP Lines and Planned Drillhole Locations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig1.jpg
Figure 2: Sappho IP Chargeability Anomaly Orthogonal View - Voxel Model Phases 1 and 2 Survey
Results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig2.jpg
Figure 3: Sappho IP Resistivity Anomalies Orthogonal View - Voxel Model Phases 1 and 2 Survey
Results.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig3.jpg
Figure 4: Sappho Magnetics, Chargeability & Resistivity Anomalies with Cu in Rocks and Soils.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig4.jpg
Figure 5: Sappho Magnetics, Chargeability & Resistivity Anomalies with Au in Rocks and Soils.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig5.jpg
Figure 6: Sappho 3D IP Chargeability Voxel Model Showing Extent of Anomaly and Peripheral Skarn
Target Drillholes with Magnetic Susceptibility.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_grizzlyfig6.jpg
Historical 2010 drilling by the Company (4 core holes) yielded up to 0.31% Cu, 0.75 g/t Au, 0.34 g/t Pt,
0.39 g/t Pd and 6.57 g/t Ag over 6.5 m core length in skarn at Sappho (in hole 10SP03), including a 1 m
core length intersections of 3.82 g/t Au and 199 g/t Ag, and in a separate sample 1.83 g/t Pt and 2.09 g/t
Pd across 1 m - these results all are associated with >1% Cu in those samples. These higher grade
zones were contained within a 63.5 m core length zone logged as a pyroxene - sulphide skarn with a
grade approaching 0.7% copper equivalent derived from current metal prices for Cu, Au, Ag, Pt and Pd.
Drillhole 10SP03
targeted
a
magnetic
anomaly
and
had
no
indications of surface mineralization at the
time of drilling. One of the new 2022 showings has been found proximal to drillhole 10SP03 and the
targeted magnetic anomaly.
The Company is continuing with surface exploration in the Greenwood area. Crews from APEX
completed trenching and rock sampling in June at the Midway Mine area, as well as some follow
sampling at the Sappho Chargeability Target area. The 2026 exploration work is ongoing and includes
prospecting and rock sampling at targets in the Motherlode area, the Rock Creek area, the Midway
area, the Copper Mountain area, the Overlander-Attwood area and surrounding the Sappho (Figure 7).
Additional groundwork including ground geophysical surveys are being planned and will comprise IP,
magnetics and Loupe electromagnetics (EM) for the Sappho, the Midway and Motherlode areas (Figure
7). Drillhole and rock sampling results from the 2026 work are pending and will be released as they are
received.
Figure 7: Exploration Targets 2026.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4488/304024_766e676c44af4b0d_008full.jpg
QUALIFIED PERSON STATEMENT
The technical content of this news release and the Company's technical disclosure has been reviewed
and approved by Michael B. Dufresne, M. Sc., P. Geol., P.Geo., who is a non-independent Qualified
Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ABOUT GRIZZLY DISCOVERIES INC.
Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture
Exchange focused on developing its approximately 72,700 ha (approximately 180,000 acres) of
precious and critical minerals properties in southeastern British Columbia.
Grizzly is run by a highly
experienced junior resource sector management team, who have a track record of advancing
exploration projects from early exploration stage through to feasibility stage.
On behalf of the Board,
GRIZZLY DISCOVERIES INC.
Brian Testo, CEO, President
Suite 363-9768 170 Street NW
Edmonton, Alberta T5T 5L4
Email:
For further information, please visit our website at
www.grizzlydiscoveries.com
or contact:
Nancy Massicotte
Corporate Development
Tel: 604-315-1455
Email:
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.
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